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Groww launches direct plan mutual funds

Press Trust of India  |  New Delhi 

Groww, an platform, today announced direct plan mutual funds for its customers.

So far, regular mutual funds were available on in. However, from today, all funds would be direct by default, the platform said in a statement.

One can buy any direct plan available on the company's app or website, without paperwork and within minutes. There are no charges for investing in direct plans through

Currently, there are two types of mutual funds plans -- direct and regular -- available to the investors.

Regular plans have an indirect commission paid to the distributors while direct plans have no commission. As a result, direct plans have higher returns than regular plans.

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announces acquisition of India's largest fitness event *


Trade Fairs has announced the acquisition of fitness and health event Fitex

"The acquisition gives ownership of Fitex trade fair," the firm said in a statement.

Wolfgang Marzin, of said that Fitex serves the rapidly growing fitness, health and wellness industry.

"In India, the total market for fitness is valued around Rs 7,000 crore and is growing at a healthy rate of 17-19 per cent. Spiked by the increasing focus on health, fitness centres are growing and becoming part of the lifestyle of the young India," it added.

Fitex is held annually in the national capital. Its next edition is scheduled on May 5-6 at the Expo Centre and Mart, Greater Noida.

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IOB ties up with for *

State-owned (IOB) has tied-up with brokerage firm (SMC Global) to offer to the customers.

The customers of the can do trading through

"This tie up would help the to provide additional services to its account holders, would increase float and would add additional stream of revenue to the bank," said Anurag Shankar, General Manager, IOB.

This tie-up would help SMC to increase its presence in and would also help SMC to increase its client base, said Ajay Garg, Director, SMC Global.

SMC has presence in more than 500 cities which can service around 3,300 branches of IOB, a statement said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 14:40 IST
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