It's advantage FD with debt mutual funds set to lose popularity

Wealth managers said investors will now increasingly consider fixed deposits and other debt instruments that have been offering better rates than several debt mutual funds.

2023-03-25T07:08:34+05:30

Importance of fixed income schemes has been growing quite consistently: A Balasubramanian

I also believe that the way the mutual funds have been playing the development role on the bond market, which I think is one of the most needed for the country as a whole, in addition to the equity market.

2023-03-24T13:58:22+05:30

Invest in debt schemes before March 31 to enjoy indexation benefit: advisors

A note from a distributor told investors that ‘this is to inform you that FY 24 Budget amendment is proposing any capital gain made on investments made after April 1, 2023 in Non Equity MFs ( Funds which have more than 35 % investment in debt ) will not be eligible for Long Term Capital Gains benefits.”

2023-03-24T12:17:49+05:30

Indexation benefit available to debt mutual funds may go

Indexation helps investors to bring down taxes as it calculates the taxes after accounting for inflation. In a high inflation environment, indexation brings down the taxes significantly.

2023-03-24T09:35:53+05:30

E-wallets for investing in mutual funds should be KYC norms compliant: Sebi

The Securities and Exchange Board of India, in its circular dated May 8, 2017, allowed the use of e-wallets for investment in mutual funds within the umbrella limit of Rs 50,000 for investments by investors, especially the young generation -- to purchase these instruments through both e-wallet and/or cash per mutual fund per financial year.

2023-03-24T08:11:38+05:30

Want 100% flexibility in shifting between debt & equity? Sandeep Tandon has an answer

Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise.

2023-03-23T16:45:00+05:30

Can I sell my mutual fund investments, invest the money in ELSS?

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-03-23T15:37:37+05:30

18 ELSS mutual funds beat their benchmarks in 10 years; offer 12-17% returns

ELSS mutual fund category offered around 13.35% returns in the 10-year horizon. ETMutualFunds considered daily rolling returns in 10 years to to see whether these schemes managed to beat their benchmarks.

2023-03-23T11:10:38+05:30

Axis Mutual Fund aims to raise Rs 50 crore from new ETF fund of funds

By investing in a fund of funds, which offers asset diversification, investors may also benefit from lower risks as it follows a passive investment strategy.

2023-03-23T08:29:07+05:30

Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund deal

Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.

2023-03-23T08:22:37+05:30

Fed increases rates by 25 bps but signals hikes are near an end

The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.

2023-03-22T23:38:58+05:30

8 small cap schemes offered more than 40% return in three years

The small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.

2023-03-22T11:07:22+05:30

Valuation risk minimal in largecaps; good time to start investing for long term: Harsha Upadhyaya

Midcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.

2023-03-22T10:09:46+05:30

A Bala on why one shouldn’t worry about SIP cancellation, Adani debt exposure

Aditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.

2023-03-22T09:21:37+05:30

Why you should hurry to provide nomination details in old MF folios

According to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.

2023-03-22T08:59:58+05:30

With yields seen peaking, investors can look at long duration funds

"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.

2023-03-22T08:25:08+05:30

A win-win solution: A passive, hold-to-maturity, fully G-Sec product

As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.

2023-03-21T13:04:04+05:30

Silver ETF: Should you buy it as silver prices soar?

Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.

2023-03-21T12:53:48+05:30

NFO Watch: 20 new mutual fund offers open this week. Should you invest?

Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.

2023-03-21T12:15:22+05:30

Mutual funds to secure a monthly income of Rs 40,000

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-03-21T10:32:04+05:30

Why should you consider investing in passives or index schemes?

For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.

2023-03-21T09:44:45+05:30

D-Street indices fall on back of weakness in global markets

The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.

2023-03-21T07:29:39+05:30

Investors with 6-12 months horizon can consider money market funds

Puneet Pal, head - fixed income, PGIM India Mutual Fund, said he expected the US Fed to hike rates by 25 bps next week, but he pointed out the crucial aspect will be the future guidance.

2023-03-20T15:46:26+05:30

Why is it the right time to invest in equity mutual funds?

Is it the right time to invest in equity mutual funds? Why mutual fund managers/experts believe that it is great time or opportunity to invest in equity mutual funds?

2023-03-20T12:45:40+05:30

The SMART way to define your financial goals

The goals cannot be vague, such as ‘I will buy a house when I have enough money’. Goals should be ‘SMART’: specific, measurable, achievable, relevant and time-bound.

2023-03-20T06:30:00+05:30

Constant Maturity Fund: 5 things to know

This type of fund has huge interest rate risk as any change in the interest rate will impact the price of the bonds, which will impact fund returns.

2023-03-20T06:30:00+05:30

Should you time your equity investments?

Investing consistently is more than important than timing the markets.

2023-03-20T06:30:00+05:30

Will these mutual funds help me to make Rs 15 crore?

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-03-17T16:01:41+05:30

HDFC Mutual Fund launches HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund

HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme, will close for subscription today. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO.

2023-03-17T12:24:23+05:30

Mutual Funds buy hotels, entertainment, auto and cement stocks

Equity mutual funds shuffled their holdings in banks and insurance in February as foreign investors trimmed their positions in these stocks as part of their broader sell-off in Indian equities.

2023-03-17T10:29:42+05:30

USD debt can be very attractive to diversify globally: Vishal Kapoor of Bandhan Mutual Fund

"With this fund, an investment by an Indian investor will be made in INR locally into the Bandhan US Treasury Bond 0-1 Year Fund of Fund. Our fund will in turn invest into an overseas ETF that invests in US Treasury Bonds. Being a local investment, individual remittance limits and Tax Collected at Source (TCS) requirements under the LRS facility are not applicable," Kapoor said.

2023-03-17T09:51:10+05:30

Bandhan Mutual Funds US Treasury Bond FoF offers niche dollar play

The US Treasury Bond 0-1 year Fund of Fund is an open-ended FoF that will invest in units of JPMorgan BetaBuilders US Treasury Bond 0-1 year ETF.

2023-03-17T08:33:00+05:30

Sebi renews recognition to AMC Repo Clearing for one year

Securities and Exchange Board of India (Sebi) granted recognition to AMC Repo Clearing Ltd in January last year.

2023-03-16T15:11:31+05:30

Should I make changes to my mutual fund portfolio?

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

2023-03-16T13:31:47+05:30

Banking sector mutual funds lost around 9%. What should investors do?

Are the recent troubles offer a great opportunity to invest in banking schemes?

2023-03-16T11:19:53+05:30

Edelweiss to Merge Bharat Bond ETF 2023 with 2025

As per the Income Tax, such mergers will not result in capital gain or loss for the merging schemes. They will be treated as a continuous investment into the next scheme.

2023-03-16T09:11:45+05:30

What are the advantages of investing in target maturity funds?

Target maturity funds are passively managed debt mutual funds that come with a specified maturity date and replicate the underlying index.

2023-03-15T09:53:22+05:30

Despite rising per capita income, SIP ticket size hasn't moved much in last 5 years: DP Singh, SBI Mutual Fund

The Deputy MD of SBI MF, DP Singh, says that the SVB crisis in India will have a minimal impact on the Indian economy, and that the future is bright. Singh also says that the Indian economy is doing well, and that credit is improving. He says that the decoupling of the Indian economy from the US economy is no longer possible and that Indians are investing outside of India.

2023-03-15T09:31:58+05:30

Mirae Asset Mutual Fund launches Mirae Asset Nifty 100 Low Volatility 30 ETF

Nifty100 Low Volatility 30 Index is a Smart Beta ETF that aims to measure the performance of the low volatile securities in the large market capitalization segment. Smart Beta ETFs aim to potentially combine the benefits of both active and passive investing.

2023-03-15T09:10:05+05:30

ICICI Prudential Mutual Fund launches of ICICI Prudential Nifty PSU Bank ETF

The NFO will close for subscription on March 15, 2023.

2023-03-15T09:00:11+05:30

DSP Mutual Fund launches special hotline for women

Women can give a missed call on 8657011333 if they want to learn more about mutual funds, investing or simply about how they can take their first steps toward building a financial plan, a press release said.

2023-03-14T14:14:29+05:30

Best mutual funds to ride the volatile phase in the market

Whenever the market becomes volatile, many investors keep asking whether they can invest in some mutual funds that will help them to deal with the volatility better. Are there safe funds?

2023-03-14T11:10:53+05:30

SBI Mutual Fund raises Rs 3,600 crore through dividend yield NFO

The NFO of SBI Dividend Yield Fund was opened between February 20 to March 6, and it will reopen for subscriptions on March 17, the company said.

2023-03-14T09:24:53+05:30

Outflows in debt mutual funds continue, Rs 13,815-cr withdrawn in Feb

The heavy withdrawal was seen from liquid funds. Debt funds continued to witness outflows at Rs 13,815 crore during the period under review.

2023-03-14T09:23:18+05:30

Kotak Mutual Fund launches Kotak Silver ETF Fund of Fund

The New Fund Offer is open for subscription and will close on March 27.

2023-03-13T13:02:12+05:30

'Loan against mutual funds is economical, provides greater repayment flexibility'

Loan against mutual funds units has existed in the past, but investors stayed away from it due to the tedious process like multiple visits to the branch, fulfilling KYC norms, and waiting for days to get the loan sanctioned and disbursed.

2023-03-13T10:09:46+05:30

Gold ETFs record Rs 165 crore inflow in Feb

Gold ETFs, which track the domestic physical gold price, are passive investment instruments that are based on gold prices and invest in gold bullion.

2023-03-13T08:48:14+05:30

Mutual fund industry being vilified baselessly, says Amfi

Based on regular monthly fund disclosures, global mutual funds tracking firm Morningstar ranks India on top of 26 countries, said Amfi chief executive NS Venkatesh.

2023-03-13T08:41:19+05:30

ICICI Prudential Long Term Equity Fund: Fund review

Given its growth tilt, the fund struggled last year, pulling down its otherwise decent return profile. Its new stance means it will deliver when market starts favouring growth businesses.

2023-03-13T06:30:00+05:30

Consider equity mutual funds with low loss rates: 10 MFs with the lowest 1-year loss rate

The loss rate is defined as the number of time intervals of negative returns as a percentage of the total number of defined time intervals. This is calculated using rolling returns.

2023-03-13T06:30:00+05:30

Role of AI & ML: How Technology has adavanced in broking industry

The move to cloud infrastructure can help brokers reduce costs, increase flexibility and scalability, and improve security and reliability. However, it is important for brokers to carefully evaluate their cloud provider options and ensure that they are complying with any relevant regulations and industry standards.

2023-03-25T16:52:56+05:30

D-Street Week Ahead: Nifty must keep its head above 16,850-17,000 zone to avoid weakness

The Nifty Financial Services index is inside the weakening quadrant. However, some improvement is seen in its relative momentum. Besides this, Bank Nifty and PSU Bank indices are seen moving inside the weakening quadrant as well. The Nifty Metal, Media, Services Sector, Commodities, and Energy groups are inside the lagging quadrant. These groups are likely to relatively underperform the broader markets.

2023-03-25T15:47:12+05:30

Warren Buffett's latest insights on investing to help create long-term wealth

Buybacks are crucial for shareholders. If done correctly, a buyback minimizes overall equity capital, increasing others' stake in the company. But if the buyback is not done at the right price, it does not become value accretive for the shareholders and benefits only those who exited from the company.

2023-03-25T15:28:13+05:30

ETMarkets Investors' Guide: How oversold is Nifty now?

2023-03-25T15:24:27+05:30

Time to look at largecap IT names like HCL, TCS and Infosys: Rahul Shah

"We have been positive on a few pockets. I feel that when we talk about the banking stocks as a universe, the earnings were quite good and there was visibility for Q4 as well. The credit growth numbers are also coming up also quite strong. My sense is that banking is one sector investors can look at."

2023-03-25T15:21:50+05:30

Avalon Technologies' Rs 865-cr IPO to kick off on Apr 3

The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).

2023-03-25T14:54:07+05:30

Kunal Bothra suggests selling these 2 stocks next week

Silver has also managed to cross back above that 70,000 mark. That is also one of the other asset classes which are showing signs of momentum returning. When support shifts higher, it is a sign that a new trend is emerging for the asset classes.

2023-03-25T14:50:17+05:30

​Punjab National Bank among 6 banks with high NPAs

2023-03-25T14:06:42+05:30

Nifty Midcap Select futures contract to be discontinued from Apr 25, options to be available

The exchange had introduced futures and options contracts on the Nifty Midcap Select index on January 24, 2022, following approval from market regulator Securities and Exchange Board of India (SEBI).

2023-03-25T13:56:52+05:30

Nifty down 10% from highs! Why stop loss is important in a falling market

For an investor, a stop loss doesn’t make sense for the most part, because the idea is to hold for a long-time frame, which usually makes up for errors in stock selection or short-term collapse in prices.

2023-03-25T13:48:55+05:30

Fears of financial contagion could keep gold near record highs

Banking sector fears continue to haunt risky assets. In the latest moves, Deutsche Bank AG shares slumped on Friday and the German lender’s credit-default swaps surged amid wider concerns about the stability of the banking sector.

2023-03-25T13:22:47+05:30

It’s time to bring long-term investing back into fashion!

Historically as well as statistically, it has been observed that long-term investing creates wealth. Warren Buffet, one of the greatest investors of all time, quoted, “Someone’s sitting in the shade today because someone planted a tree a long time ago.”

2023-03-25T12:53:59+05:30

Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO

Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.

2023-03-25T12:40:42+05:30

5 tax-saving mutual funds (ELSS) that gained over 30% in last 3 years

2023-03-25T12:27:54+05:30

ETMarkets Smart Talk: Gradual shift from largecap to midcap can be made over the next 12 months: Devendra Phadke

The Union Budget focussed on the right thing by giving more money in the hands of lower income groups and focussing on infrastructure spending rather than giving freebies.

2023-03-25T12:14:58+05:30

3 Adani companies top gainers' list in a week when Sensex fell prey to Dalal Street bears

Meanwhile, Prudent Corporate Advisory, TD Power Systems, Aarti Drugs, Valiant Organics, TTK Healthcare Ltd, Anupam Rasayan and Krsnaa Diagnostics registered double-digit weekly gains.

2023-03-25T11:38:44+05:30

Harshubh Shah sees Nifty50 at 22,000 in FY24; remain a buyer on every dip

If you are keen to learn astrology, you can always apply it in the stock market and in cryptocurrencies as well or for that matter in any asset class. International market, gold, silver, anything. You name it, you can have it. This is my edge, and the main edge is only planetary cycle which I have decoded using the last three years of knowledge.

2023-03-25T11:31:17+05:30

HNIs, algo prop traders can have a huge impact from STT hike: Mehul Kothari

At this point in time, Nifty is still holding on to the support of the lower end of a falling channel. This channel holds importance because the index is trading inside this falling channel since it made an all-time high.

2023-03-25T11:01:01+05:30

Mind Over Money: Alok Jain with nearly 3 decades of experience highlights 4 rules for every trader to manage stress

The key learning from the thousands of customers with whom I interacted with was that without a system, nobody can really make money in the long term. It is essential to have a framework for investing.

2023-03-25T10:34:08+05:30

Mind over Money: Traders must build Zen-like mindset to create wealth, says Alok Jain's pro tip for every trade

2023-03-25T10:00:00+05:30

These 8 top-performing debt MFs gave over 10% returns in last 3 years

2023-03-25T09:44:57+05:30

Wall St Week Ahead-Strength in megacap stocks masks broader U.S. market woes

Investors are bracing for more banking sector volatility next week, after sharp declines in shares of European giants Deutsche Bank and UBS on Friday followed the collapse of Silicon Valley Bank and Signature Bank earlier this month. Upcoming U.S. data on consumer confidence and inflation could also sway markets.

2023-03-25T09:38:08+05:30

Bank chaos tests traders’ nerves and rewards those doing nothing

The S&P 500 just capped its second straight up week, and while Treasuries have dealt body blows to short sellers, holding on through the worst volatility in four decades would’ve reaped sizable profits.

2023-03-25T09:37:22+05:30

GIFT For P-notes: Key bottleneck removed

ODIs such as P-notes are an indirect route of investing in India for foreign funds that do not want to register with local authorities. In a P-note transaction, a bank, broker or custodian allowed to issue these derivatives buys the securities that the investor desires and issues P-notes against them.

2023-03-25T09:27:46+05:30

F&O trade gets costlier; volumes likely to be hit

"Increase in STT could impact the volumes in the F&O (futures and options) segment, especially from those high-frequency trades, jobbers, and hedgers who actively trade at a small tick price," said B Gopkumar, MD & CEO of Axis Securities. "Low volumes could likely increase the impact cost."

2023-03-25T09:23:55+05:30

Wall Street ends volatile week higher as Fed officials ease bank fears

In separate appearances, three regional Fed bank presidents said that their confidence that the banking system was not facing a liquidity crisis is what led to the decision to implement a 25 basis point policy rate hike on Wednesday.

2023-03-25T09:22:27+05:30

It's advantage FD with debt mutual funds set to lose popularity

Wealth managers said investors will now increasingly consider fixed deposits and other debt instruments that have been offering better rates than several debt mutual funds.

2023-03-25T07:08:34+05:30

Banks could expect more deposits after mutual funds lose indexation benefit

On Friday, the Lok Sabha passed the Finance Bill 2023 with some amendments. According to the Bill, mutual funds having less than 35% assets under management in domestic equity will lose the indexation benefit and the returns will be taxed as short-term capital gains according to the tax slab of the individual.

2023-03-25T01:54:36+05:30

Adani Total Gas, Adani Transmission to move to long term ASM Stage-1 framework from Monday

Indiabulls Enterprises Ltd is another stock that will move from Stage II to Stage I of the long term ASM framework.

2023-03-25T00:23:37+05:30

BNP Paribas Arbitrage sells Bharti Airtel shares worth Rs 105 crore

The shares were sold at an average price of Rs 762.55 per piece, taking the transaction value to Rs 105.41 crore.

2023-03-24T23:25:07+05:30

Reliance Industries names Srikanth Venkatachari as new CFO

"The Board of Directors of the Company, based on the recommendation of the Human Resources, Nomination and Remuneration Committee, at its meeting held on March 24, 2023, has designated Shri Srikanth Venkatachari (Joint Chief Financial Officer of the Company since 2011) as the Chief Financial Officer of the Company with effect from June 1, 2023," the release stated.

2023-03-24T23:08:53+05:30

HAL OFS successful despite tough markets as QIBs, retail investors show high interest

The retail portion of the OFS also received an overwhelming response, with the government getting bids for 14,50,924 shares against 11,70,357 shares on offer for the category.

2023-03-24T22:16:36+05:30

Volcker slayed inflation. Bernanke saved the Banks. Can Powell do both?

Just a couple of weeks ago, threats to financial stability barely registered on the troubleshooting list for central bankers. Now they’ve rocketed toward the top. Powell and his peers say preventing a re-run of the inflationary 1970s remains priority number one. But the signal is shifting

2023-03-24T22:07:24+05:30

India's forex kitty jumps by USD 12.8 bn to USD 572.8 bn

India's foreign exchange reserves rose by USD 12.798 billion to reach USD 572.801 billion in the week that ended on March 17, as per the Weekly Statistical Supplement by the Reserve Bank of India. The bank said that foreign currency assets that contribute significantly to the reserves grew by USD 10.485 billion to USD 505.348 billion, while gold reserves rose by USD 2.187 billion to USD 44.109 billion. However, the country's total forex reserves have been decreasing due to the central bank's efforts to defend the rupee in the face of global pressures.

2023-03-24T21:56:12+05:30

Banking stocks slide as global investors seek safer shores

Banking stocks, including those of Deutsche Bank, dropped amidst concerns that regulators and central banks have not tackled the worst shock to the sector since the 2008 global financial crisis. The euro fell against the dollar, and bond yields and the costs of insuring against bank defaults rose despite policymakers' efforts at reassuring investors. While both U.S. and European banks’ stocks declined, Deutsche Bank experienced the most significant drop—losing over 12% of its value. As a consequence of the market turmoil, investors were looking for support from authorities worldwide to ensure a stable banking sector.

2023-03-24T21:52:59+05:30

​These 10 FMCG stocks hit a new 52-week low; tumble up to 35% in a month

2023-03-24T21:03:10+05:30

Tough times for scalpers, arbitrageurs & HFT firms as STT hike in F&O will hurt volumes

How will this change in taxation impact the derivatives market and who will be affected the most?

2023-03-24T20:42:03+05:30

​15 financial firms where Warren Buffett holds stake

2023-03-24T20:31:58+05:30

Brent slides 2% amid concerns over health of banking sector

Banking stocks slid in Europe with Deutsche Bank and UBS Group hit hard by worries that the worst problems in the sector since the 2008 financial crisis have not yet been contained.

2023-03-24T20:06:10+05:30

6 income tax saving ways for investors to optimise returns in NPS scheme

NPS is a voluntary low-cost investment plan designed to enable people to plan for their retirement. One can invest in this scheme through systematic savings during his/her working lifetime. It is also an effective way to save on tax payouts.

2023-03-24T20:03:33+05:30

Market Watch: Sensex, Nifty fall for 3rd week on STT hike on derivatives, banking concerns

2023-03-24T19:54:40+05:30

Indian gold-dealers pump up discounts, China demand steady

Physical gold dealers in India had to offer the biggest discounts in over a year to attract buyers who were deterred by record-high gold prices last week. There were concerns that festivities in Maharashtra and Karnataka would fuel the purchase of the commodity. In contrast, there was steady demand for gold in China, with premiums going down slightly as the banking crisis continued. Market uncertainty has given investors reason to rely on safe-haven assets, keeping the demand sturdy worldwide.

2023-03-24T19:16:39+05:30

Wall Street recovers as Fed officials calm bank fears

The Dow Jones Industrial Average rose 0.11%, the S&P 500 gained 0.17% and the Nasdaq Composite dropped 0.18%

2023-03-24T19:13:22+05:30

Euro zone bond yields fall on lingering financial stability concerns

Euro zone yields fell as investors anticipate fewer rate hikes from the European Central Bank, while lingering banking stability concerns boost demand for safe-haven assets. German 10-year government bond, the bloc's benchmark, fell 10 basis points, to 2.08%, while the German two-year yield, which is most sensitive to policy rate expectations, fell 14 basis points to 2.34%. Investors have been trying to balance the expectation for a quick end to the Federal Reserve's monetary tightening cycle against remarks from ECB hawks calling for more rate hikes. Market focus will turn to next week's euro preliminary inflation reading for March, which may boost future rate hike expectations.

2023-03-24T19:11:45+05:30

FinMin clarifies on confusion over STT hike following typographical error

2023-03-24T19:00:57+05:30

7 stocks to get delisted from exchanges soon. Do you own any?

2023-03-24T18:52:26+05:30

Gold climbs Rs 70; silver jumps Rs 520

So far this week, gold prices have surged almost 2.50 per cent on the back of safe haven demand and traders expect US central bank may pause its rate hike cycle, Gandhi said.

2023-03-24T17:47:08+05:30

Tech View: Nifty charts hint at downside towards 16,800 levels. What should traders do next week

The recent fall has faded hopes of sustained recovery, and we might again end up seeing range-bound moves in the index. Needless to say, the major support is intact at 16,800 in Nifty. We thus reiterate our view to limit positions and maintain positions on both sides.

2023-03-24T17:43:55+05:30

Zerodha’s new Demat account opening back to March 2020 levels: Nithin Kamath

The reason is outside observers usually look at headline numbers of trading volumes and assume that broking is a huge opportunity with a large revenue pool that will grow forever. In reality, it's a cyclical business that tends to revert to the mean, the billionaire startup founder said.

2023-03-24T17:24:40+05:30

Stock market update: Nifty Pharma index falls 0.22%

The Nifty Pharma index closed 0.22 per cent down at 11755.35.

2023-03-24T17:23:18+05:30

Avalon Technologies' Rs 865-cr IPO to kick off on Apr 3

The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).

2023-03-25T14:54:07+05:30

Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO

Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.

2023-03-25T12:40:42+05:30

Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details

"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.

2023-03-23T14:56:23+05:30

Non-banking lender SBFC cuts IPO size, refiles papers with Sebi

About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.

2023-03-22T18:41:59+05:30

Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.

2023-03-22T14:58:33+05:30

Jupiter Hospital likely to file for ₹1,100 crore IPO soon

The proposed IPO will have both fresh issue of shares and offer for sale components.

2023-03-22T10:25:47+05:30

MobiKwik eyes fresh IPO in 12-18 months

“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,” Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.

2023-03-22T07:04:33+05:30

Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.

2023-03-21T13:14:16+05:30

IndiaFirst Life Insurance gets SEBI approval to float IPO

IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.

2023-03-21T11:16:57+05:30

SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium

Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.

2023-03-20T17:31:08+05:30

Udayshivakumar Infra IPO subscribed 58% on Day One

According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.

2023-03-20T13:27:44+05:30

Global Surfaces IPO share allotment expected today. How to check status

According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.

2023-03-20T09:52:24+05:30

Udayshivakumar Infra IPO opens for subscription. Should you bid?

The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.

2023-03-20T09:30:55+05:30

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).

2023-03-19T11:32:02+05:30

Govt approves listing of state-owned IREDA by selling part stake

DIPAM will drive the listing process for which the Centre had given initial approval in 2017.

2023-03-17T20:10:05+05:30

Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details

About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).

2023-03-17T13:29:37+05:30

Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore

Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.

2023-03-17T11:16:11+05:30

Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev

In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.

2023-03-16T14:41:12+05:30

Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?

Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.

2023-03-16T10:30:19+05:30

White label ATM provider India1 Payments defers IPO plans

It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.

2023-03-15T22:20:00+05:30

Global Surfaces IPO subscribed 12.21 times on Day 3

According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.

2023-03-15T13:40:22+05:30

Divgi TorqTransfer lists at 5.1% premium

The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.

2023-03-15T06:01:00+05:30

Global Surfaces IPO fully subscribed on Day 2

Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO

2023-03-14T13:45:34+05:30

SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details

The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.

2023-03-13T21:39:12+05:30

Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?

The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors

2023-03-13T14:37:04+05:30

Global Surfaces IPO: Check subscription status, GMP and other details

The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band

2023-03-13T14:24:03+05:30

Global Surfaces IPO opens. Should you subscribe to the issue?

Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.

2023-03-13T09:26:28+05:30

Global Surfaces among 5 IPOs that will open for subscription this week

The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter

2023-03-12T13:38:21+05:30

Global Surfaces IPO: 10 things you must know before investing

Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.

2023-03-12T10:47:56+05:30

Tata Technologies IPO: 10 things to know about the public offer

The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.

2023-03-11T13:32:49+05:30

Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know

2023-03-10T18:28:43+05:30

Flipkart not averse to Dalal Street IPO

The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street

2023-03-10T15:53:09+05:30

Tata Technologies IPO: What it means for Tata Motors investors

Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.

2023-03-10T13:43:51+05:30

Tata Technologies files IPO papers with Sebi

The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.

2023-03-10T09:24:31+05:30

Global Surfaces IPO to open next week. Check price band and other details

The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo

2023-03-09T14:23:49+05:30

Byju’s is said to seek $250 million in Aakash pre-IPO funding

Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering

2023-03-09T10:16:19+05:30

Divgi TorqTransfer IPO allotment today. How to check status

The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.

2023-03-08T13:25:27+05:30

SoftBank's arm aims to raise at least $8 billion in US IPO, say sources

The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said

2023-03-06T19:11:14+05:30

Nova Agritech files DRHP to raise funds via IPO

According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao

2023-03-06T17:18:32+05:30

Airox Technologies scraps IPO plans; withdraws IPO paper

However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday

2023-03-06T16:19:46+05:30

Divgi Torqtransfer Systems' IPO subscribed 5.44 times

The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.

2023-03-04T06:59:45+05:30

Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises

The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.

2023-03-03T13:28:04+05:30

Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details

Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.

2023-03-02T13:39:57+05:30

Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?

Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.

2023-03-02T09:01:13+05:30

Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details

Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.

2023-03-01T14:23:28+05:30

Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe?

The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.

2023-03-01T10:00:00+05:30

What makes Divgi IPO suitable for investors with high risk appetite

Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters

2023-02-28T19:31:30+05:30

IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO

IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit

2023-02-28T15:03:27+05:30

FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs

Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.

2023-02-28T13:00:01+05:30

Divgi TorqTransfer fixes price band for public issue

The IPO includes a fresh issue of ₹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue.

2023-02-28T06:35:15+05:30