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Identify these factors before starting on an investment journey: Neil Parag Parikh
Neil Parag Parikh, CEO of PPFAS Mutual Fund, stresses the importance of emergency funds and having a proper plan for investing taking into account short, medium, and long-term goals. He advises people not to invest based solely on past returns or recommendations, but rather to do proper research and get an asset allocation done in accordance with their risk profile. He also considers behavioural biases as a factor to take into account when making investment decisions.
2023-03-31T16:31:00+05:30
Which mutual funds will help me to create a corpus of Rs 20 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.
2023-03-31T15:10:17+05:30
Open-ended, liquid funds preferable after India tax tweak-LIC Mutual Fund's Irani
India amended a bill last week to tax investments in debt mutual funds as short-term capital gains, a move that could strip investors of the long-term tax benefits that had made such investments popular.
2023-03-31T11:25:01+05:30
These 17 equity schemes never posted negative yearly returns in last 10 years
ETMutualFunds considered equity and equity-oriented schemes like large cap, mid cap, small cap, large & mid cap, multi cap, flexi cap, focused funds, aggressive hybrid funds, dynamic asset allocation/balanced advantage fund, and equity savings schemes for this study.
2023-03-31T11:20:55+05:30
'Investors should review SIPs in debt, gold funds'
From April 1, capital gains made on debt mutual funds, gold funds and international schemes will be added to taxable income and taxed according to the applicable income tax slab rate. The government made this unexpected announcemet in an amendment in the Finance Bill 2023.
2023-03-31T08:34:05+05:30
Have I chosen the right mutual funds?
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.
2023-03-30T14:01:30+05:30
Dos and don'ts of last-minute tax planning
If you are planning to invest in tax saving mutual funds or equity linked savings schemes to save taxes, you should remember the following points.
2023-03-30T11:53:39+05:30
India markets regulator allows private equity firms to own mutual fund companies
SEBI also prescribed more disclosures around environment, social and governance (ESG) issues.
2023-03-30T09:28:46+05:30
Sebi modifies time limit for disclosure of NAV of international funds
The new timeline will come into force from July 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular.
2023-03-30T09:25:51+05:30
My niece may opt for new tax regime. Should she still invest in ELSS funds?
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.
2023-03-29T17:06:24+05:30
Only two equity schemes offered double-digit returns in three months in 2023
Out of 491 schemes, only 42 schemes offered positive returns in the first three months of the year. Around 40 schemes offered single-digit returns.
2023-03-29T12:59:18+05:30
This CEO sees bond funds as a better play in FY24 amid rise in yields
Sandeep Bagla, CEO of TRUST AMC, predicts that bond funds could perform well in 2024 due to increased yields and a potential decrease in inflation. He advises retail investors to turn to mutual funds rather than going direct to access equity markets as a fund manager has more resources to determine the long-term value of a company. Bagla believes that global diversification in 2023 could be better than in 2022 and suggests focusing on longer-term factors and values during periods of volatility.
2023-03-29T12:29:55+05:30
NFO Watch: 10 new mutual fund offers open this week. Should you invest?
Three fixed maturity plans, two gilt funds, one dynamic asset allocation, ELSS, fund of fund, ETF, and index fund are currently open for subscription in the market.
2023-03-29T10:57:37+05:30
How will the amendment in the finance bill 2023 affect debt mutual funds?
In addition to debt mutual fund schemes, there are several other categories that are treated as debt for taxation, which will lose indexation benefits.
2023-03-29T09:20:50+05:30
Sebi extends nomination deadline for mutual fund investors
The markets regulator had earlier asked all the existing individual unite holders holding mutual fund units either solely or jointly to provide nomination by March 31, failing which the folios would be frozen for debits.
2023-03-29T08:54:33+05:30
Indian mutual funds see debt inflows before tax tweak kicks in - fund managers
"Overall, I do not see this as a big dampener for the entire debt category. Mutual funds provide liquidity, which is not available otherwise," said Devang Shah, co-head, fixed income at Axis Mutual Fund.
2023-03-28T15:56:17+05:30
5 equity mutual funds that offered the best SIP returns last year
Systematic Investment Plans or SIPs have become synonymous with mutual funds. These days many investors say they are investing in SIPs when they want to say they are investing in mutual funds through the SIP route.
2023-03-28T12:11:36+05:30
Investing in debt mutual funds before April 1 to claim LTCG tax? Remember these points
Many investors are considering investing in debt schemes to claim long term capital gains tax. Is it a wise move? Where should you invest?
2023-03-28T11:29:49+05:30
Who can continue to invest in debt mutual funds after March 31? Nilesh Shah explains
Nilesh Shah of Kotak AMC states that investments made before 31st March 2023 will continue to get the benefits of long-term capital gains and indexation. However, investors in the upper tax bracket will have to pay higher taxes. Shah believes that the AMC industry will have to focus more on financial education, as investors must be smart in understanding how they park their money. There are also many other potential options in the mutual fund industry, such as short-term bond funds, floating rate funds, and guilt funds.
2023-03-28T09:38:10+05:30
'A sharp fall in bank, non-bank deposits may have led to change in debt MF tax rules'
"The withdrawal of indexation of debt fund gains can be seen more as a concerted attempt to move away from tax arbitrage and create a level playing field. Hopefully, tax rates will also be reduced over time to adjust for inflation," Bank of Baroda chief economist Madan Sabnavis said.
2023-03-28T08:23:06+05:30
Mutual funds reopen international funds before new tax rules kick in from April 1
At least three asset management companies (AMCs) have together opened 16 international equity mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans.
2023-03-28T06:08:47+05:30
Debt fund taxation changes to impact corporate bond demand - fund managers
"Demand for above three-year corporate bonds would be impacted, and we could see some steepening of the curve right from one-year to five-year point, and spreads with government bond yields could see 10 basis points of widening" said Raju Sharma, head fixed income at IDBI Mutual fund.
2023-03-27T15:38:01+05:30
LTCG tax on debt mutual funds gone, but don't commit these mistakes trying to tackle it
Ever since the news came out, many investors were asking around whether there are any ways to avoid the extra tax. Sure, experts never fail such investors. They have been offering many quick-fix solutions.
2023-03-27T11:15:08+05:30
Mutual fund nomination deadline to end on March 31
The deadline for all the existing mutual fund folios, including jointly-held ones, is on March 31. Failure to do so will result in the folios frozen for debits.
2023-03-27T08:35:28+05:30
Mutual funds push debt schemes before tax deadline
From April 1, capital gains arising from investments in debt mutual fund schemes will be added to taxable income and taxed in line with the income tax slab rate. The government made this unexpected change as part of amendments in the Finance Bill last week.
2023-03-27T06:36:31+05:30
Kotak Bluechip Fund: Fund review
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
2023-03-27T06:30:00+05:30
What is a MNC or Multi-National Company Mutual Fund? 5 things to know
MNC funds invest in a diversified portfolio of multinational corporations, typically across different sectors, such as technology, healthcare, consumer goods and energy.
2023-03-27T06:30:00+05:30
Money matters to do before March 31, 2023
There are various points to remember before the financial year ends, Here is a list of different areas one needs to check.
2023-03-27T06:30:00+05:30
It's advantage FD with debt mutual funds set to lose popularity
"Fixed deposits will be at par with some debt schemes once the tax advantage is gone from a retail investor's perspective," said Ashish Shankar, MD and CEO, Motilal Oswal Private Wealth. "For HNIs and family offices, direct debt and structured debt will become more attractive."
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
Many anxious investors are calling their advisors to talk about the tax treatment of their debt mutual fund investments. Advisors have been telling investors that all investments made before March 31,2023 will continue to enjoy LTCG and Indexation 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
ETMutualFunds looked at the ELSS category to see whether the schemes in it managed to beat their benchmarks over the 10-year period. There were 27 schemes in the ELSS category that have completed 10 years of existence.
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
SME IPO: Sancode Technologies subscription status on Day 1, GMP and more details
The IPO comprises fresh issue of 10.95 lakh shares and plans to raise about Rs 5.15 crore from the public offer. About 57,000 equity shares of the company aggregating to Rs 26.79 lakh have been reserved for the market maker.
2023-03-31T16:43:19+05:30
Udayshivakumar Infra IPO: Will shares deliver a listing pop or disappoint D-St? What grey market signals
According to market sources, the shares of Udayshivakumar are commanding a premium of Rs 7-8 in the unlisted market on Friday. If we consider the upper end of the price band, the company's shares are expected to get listed at a premium of 20% over the offer price.
2023-03-31T15:59:59+05:30
Oyo pre-files DRHP with Sebi; IPO size likely slashed to $400-600 mn
Sources said issue size likely reduced to $ 400-600 million all of which will be a primary issuance to repay debt.
2023-03-31T14:29:50+05:30
Digit Insurance re-files IPO papers after regulator concerns
The IPO comprises a fresh issue of shares worth 12.5 billion rupees ($152.1 million) and an offer for sale of 109.4 million shares, according to the draft prospectus - unchanged from its last filing - dated March 30.
2023-03-31T13:01:19+05:30
SME IPO: MOS Utility issue to open for subscription on March 31. Should you subscribe?
For the quarter ended September 2022, the company reported a revenue of Rs 53 crore, with PAT coming in at Rs 1.95 crore. The company has been profitable in FY22 and FY21 as well. A large portion of the company’s revenue is generated in utility services.
2023-03-29T20:43:53+05:30
Avalon Tech IPO offers exposure to the fast growing electronics manufacturing sector
​​ The total customer count has increased to 89 with an outstanding order book of Rs 1190 crore at the end of November 2022, compared with 72 a year ago when it had an order book of Rs 918 crore. The company has net debt of Rs 304 crore in the first eight months of FY23, compared with Rs 250 crore in the year-ago period. The 6S market contributes 57% to the revenue while the balance is from India.
2023-03-29T17:33:36+05:30
SPC Life Sciences files DRHP for proposed IPO
The company develops pharma intermediates and works with pharmaceutical companies who seek USFDA compliant manufacturing facilities as a part of their supply chain.
2023-03-29T17:31:02+05:30
Netweb Technologies files DRHP to raise funds via IPO
The company, in consultation with the lead bankers to the issue, may consider a pre-IPO placement aggregating up to Rs 51 crore. If such placement is completed, the fresh issue size will be reduced.
2023-03-29T13:45:50+05:30
Avalon Tech's Rs 865-crore IPO to open on April 3
The IPO consists of a fresh issue of ₹320 crore and an offer for sale (OFS) of shares worth ₹545 crore by promoters and existing shareholders. The company will use the proceeds from the fresh issue for debt payment, working capital requirements, and general corporate purposes.
2023-03-29T06:05:37+05:30
Udayshivakumar Infra IPO share allotment likely today. Here's how you can check the status
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has risen in the past few days to around Rs 15 currently.
2023-03-28T16:40:21+05:30
Alibaba splits into six units that may pursue individual IPOs
“Each business group and company can pursue independent fundraising and IPOs when they are ready,†Zhang said in a statement.
2023-03-28T15:15:47+05:30
J G Chemicals receives Sebi approval for IPO
The company had filed preliminary IPO papers with Sebi on January 4, 2023. The IPO consists of a fresh issue of Rs 202.50 crore and an offer-for-sale of up to 5.7 million equity shares by its existing shareholders and promoters.
2023-03-28T14:18:24+05:30
Avalon Technologies IPO to open on April 3, price band fixed
According to market sources, the company's shares are being enquired for a premium of Rs 25-30 in the unlisted market. The company is yet to announce the price band for the IPO.
2023-03-28T12:08:29+05:30
Avalon Technologies IPO: 10 things to know about this public offer
Avalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others
2023-03-27T16:56:27+05:30
SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwinds
In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.
2023-03-27T15:10:27+05:30
Mamaearth IPO on hold amid subdued market conditions: Report
Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode", a Reuters report said, citing turbulence in stock markets globally amid worries about the financial health of banks.
2023-03-27T12:06:07+05:30
Avalon Technologies' Rs 865 crore-IPO to open for subscription on April 3
The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. The reduction in the IPO size was a result of the pre-IPO placement carried out by the company, which amounted to Rs 160 crore.
2023-03-26T13:46:30+05:30
Sotac Pharmaceuticals among 3 IPOs scheduled for subscription this week
Steel bars and wires manufacturer Maiden Forgings opened for IPO on March 23 to raise Rs 23.84 crore. The IPO will close on March 27. The new issue consists of 37,84,000 equity shares worth Rs 10 apiece, with a ceiling on the issue price between Rs 60 and Rs 63
2023-03-26T11:08:07+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
Promoter offloads 1.7% stake in PSP Projects via bulk deal
​Meanwhile, foreign investor Societe Generale has bought 1.7% of the company, according to bulk deal data available with NSE.
2023-03-31T21:55:57+05:30
TCS to kickstart Q4 earnings season on April 12, consider final dividend for FY23
​​"A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Wednesday,​ April 12, 2023, to approve and take on record the audited standalone and consolidated financial results of the Company under
2023-03-31T21:37:23+05:30
Indowind Energy board approves allotment of 1.75 cr shares
"In the meeting held on March 31, 2023, the Board considered and approved the allotment of 1,75,93,294 equity shares at a price of Rs 12 per equity share (including a premium of Rs 2 per equity share) (allotment)," it said.
2023-03-31T21:10:50+05:30
​Reliance Industries among 6 Nifty stocks witnessing long build-up​
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2023-03-31T21:00:46+05:30
Govt of Singapore sells nearly 3% stake in The Phoenix Mills via block deal
PVR is majority owned by the public with 52.69% stake, while promoters own 47.31%. Phoenix Mills is among the companies with highest foreign shareholding at 29.27%. Mutual funds, meanwhile, have about 17.55% stake in the company.
2023-03-31T20:53:10+05:30
Multibagger smallcap stock, that has doubled investor wealth in 1 year, to consider share split
A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio.
2023-03-31T20:18:29+05:30
​Bajaj Finance among 5 Nifty50 stocks witnessing a short build-up​
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2023-03-31T20:15:36+05:30
Sebi imposes Rs 5 lakh fine on Videocon's Venugopal Dhoot for disclosure lapses
The scope of the examination was specifically to ascertain whether Dhoot violated the provisions of LODR (Listing Obligations and Disclosure Requirements) rules and provisions of listing agreement in respect of the submissions that were required to be made by Videocon Industries to the stock exchanges.
2023-03-31T20:01:12+05:30
Sebi imposes Rs 1.55-crore fine on 23 entities for flouting regulatory norms
Further, MCX submitted its observations to Sebi in June 2018 and conducted a detailed examination to find out whether certain connected entities intended to corner the market on long side in mentha oil contracts thereby violating the position limits as prescribed by the regulator.
2023-03-31T19:57:36+05:30
Fed seen on the fence for interest rate hike at May meeting
That's the read from traders of futures contracts tied to the Fed's policy rate after the U.S. government reported a slight easing in a key gauge of inflation that suggests the U.S. central bank's year-long effort to ease price pressures is making some headway.
2023-03-31T19:06:05+05:30
Wall Street climbs as inflation data boosts softer Fed policy hopes
The Nasdaq is set for its biggest quarterly percentage gain since the end of 2020 as investors shifted toward major technology and growth stocks from financial stocks amid fears of a bank contagion, while the cyclicals-heavy Dow Jones is in the red.
2023-03-31T19:05:48+05:30
SBI chairman Dinesh Kumar Khara on Inflation, Rate Hikes, SBI MF and more | Full interview
2023-03-31T19:03:46+05:30
Fed's Collins says "early days" still in assessing policy impact on economy
It is "early days yet in terms of assessing whether we really have gone as far as we need to go," Collins said in an interview on Bloomberg Television following the release of data showing consumer spending was basically flat in February after a large jump in January.
2023-03-31T18:59:50+05:30
Sebi cancels registration of 3 brokers in NSEL case
By providing such a facility, they exposed their clients to the risk involved in trading in a product that did not have regulatory approval. The acts by the brokers raised doubts about their competence to act as registered securities market intermediaries, the orders noted.
2023-03-31T18:56:34+05:30
Rs 6 lakh cr investor wealth lost in FY23! M-cap of BSE-listed companies drops to 258.18 lakh cr
The year was marked with high inflation, coupled with big events, including the Russia-Ukraine war, Adani Group saga and banking crisis in the US towards the fag-end of the year, which impacted the market the most.
2023-03-31T18:37:42+05:30
5 Nifty PSU Bank stocks that surged 60-110% in FY23
2023-03-31T18:33:01+05:30
Market Watch: Sensex makes a picture perfect ending on last day of FY23
2023-03-31T18:19:53+05:30
​How to trade defence stocks? Here are 4 buy-sell ideas
2023-03-31T17:52:52+05:30
FY24 stock portfolio: 3 sectors with 80% win record in last 10 years
2023-03-31T17:26:34+05:30
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 279.05 points up at 17359.75
2023-03-31T17:23:02+05:30
Tech View: Nifty forms morning star pattern on weekly scale. What should traders do next week
Nifty as per weekly chart formed a long bull candle, which indicates a sharp reversal in the market on upside. After declining continuously for the last three months a doji type candle pattern was formed as per monthly time frame chart. This is a positive signal as per long term charts.
2023-03-31T17:18:59+05:30
Stock market update: Sugar stocks up as market rises
The 30-share BSE Sensex closed up 1031.43 points at 58991.52
2023-03-31T17:17:50+05:30
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 1031.43 points at 58991.52
2023-03-31T17:12:38+05:30
These 5 Hybrid Funds gave high returns to investors over 3-5 years
The aim of Hybrid funds is to balance the risk-reward ratio, thereby, optimising the return on investments.
2023-03-31T17:12:07+05:30
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 279.05 points up at 17359.75
2023-03-31T17:02:24+05:30
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 1031.43 points at 58991.52
2023-03-31T16:57:10+05:30
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Apollo Hospital, Sun Pharma, Adani Ports SEZ, Asian Paints and Bajaj Finance were among the top losers on NSE in today's trade.
2023-03-31T16:51:58+05:30
Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC interest rates hiked by up to 70 bps for June quarter
Here is a look at the interest rates on various small savings schemes for the first quarter of FY 2023-24.
2023-03-31T16:50:36+05:30
Stock market update: Nifty Bank index advances 1.75%
The Nifty Bank index closed 1.75 per cent up at 40608.65.
2023-03-31T16:46:46+05:30
SME IPO: Sancode Technologies subscription status on Day 1, GMP and more details
The IPO comprises fresh issue of 10.95 lakh shares and plans to raise about Rs 5.15 crore from the public offer. About 57,000 equity shares of the company aggregating to Rs 26.79 lakh have been reserved for the market maker.
2023-03-31T16:43:19+05:30
Gainers and Losers: RIL, HAL among 6 stocks in limelight on Friday
Benchmark indices ended the last day of the 2022-23 fiscal with a nearly 2% jump on Friday in line with firm trends in the global markets and heavy buying in Reliance.
2023-03-31T16:41:35+05:30
Sensex rises! But these stocks fell 5% or more in Friday's session
In the Nifty pack, 43 stocks closed in the green, while 7 stocks ended in the red.
2023-03-31T16:41:34+05:30
Stock market update: Nifty Auto index advances 1.01%
The Nifty Auto index closed 1.01 per cent up at 12243.8.
2023-03-31T16:36:21+05:30
What is top-up in health insurance and when to buy it? Ashish Lath answers
A health top-up plan is an insurance plan that comes into play when the basic health insurance coverage is insufficient. For individuals, a deductible limit applies to the top-up plan, which begins after the basic insurance plan reaches its limit. A health top-up plan can be purchased separately or in combination with a basic health insurance plan. The deductible amount will influence the premium that is paid for the top-up plan. The coverage and policy terms for the top-up plan differ slightly from basic health insurance plans. It is preferred to buy both health insurance plans from the same insurer.
2023-03-31T16:35:00+05:30
Stock market update: Nifty Realty index advances 1.63%
The Nifty Realty index closed 1.63 per cent up at 387.35.
2023-03-31T16:31:09+05:30
Identify these factors before starting on an investment journey: Neil Parag Parikh
Neil Parag Parikh, CEO of PPFAS Mutual Fund, stresses the importance of emergency funds and having a proper plan for investing taking into account short, medium, and long-term goals. He advises people not to invest based solely on past returns or recommendations, but rather to do proper research and get an asset allocation done in accordance with their risk profile. He also considers behavioural biases as a factor to take into account when making investment decisions.
2023-03-31T16:31:00+05:30
Sebi extends compliance period for 3 yrs for large corporates to raise 25% of incremental borrowings via debt mkt
The Securities and Exchange Board of India (Sebi) has extended the compliance requirement for large corporates to raise at least 25% of their incremental borrowings through debt securities to a contiguous block of three years from the present two years. This decision comes after the board of Sebi allowed the proposal. Previously, large corporates needed to mobilize a minimum of 25% of their borrowings through the issue of debt securities in a financial year, which had been mandated over a contiguous block of two years.
2023-03-31T16:30:28+05:30
Stock market update: Mining stocks up as market rises
The 30-share BSE Sensex closed up 1031.43 points at 58991.52
2023-03-31T16:25:55+05:30
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Sonu Infratech Ltd., Pondy Oxides, Asian Hotels, Apar Industries and Som Distill, hit their fresh 52-week highs during the day.
2023-03-31T16:20:43+05:30
Rupee rises by 17 paise to 82.17 against US dollar on forex inflows, stocks rally
The dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.25 per cent to 102.08 ahead of the release of the US inflation data later in the day.
2023-03-31T16:15:38+05:30
Stock market update: Nifty Pharma index advances 0.62%
The Nifty Pharma index closed 0.62 per cent up at 12017.05.
2023-03-31T16:15:32+05:30
Rs 2.53 lakh crore bonanza! Record DII buying a saving grace for D-Street in FY23
Meanwhile, foreign institutional investors were net sellers of Indian equities for the second consecutive financial year. They net sold shares worth Rs 40,413 crore this fiscal.
2023-03-31T16:09:01+05:30
Stock market update: FMCG stocks up as market rises
The 30-share BSE Sensex closed up 1031.43 points at 58991.52
2023-03-31T16:05:15+05:30
Udayshivakumar Infra IPO: Will shares deliver a listing pop or disappoint D-St? What grey market signals
According to market sources, the shares of Udayshivakumar are commanding a premium of Rs 7-8 in the unlisted market on Friday. If we consider the upper end of the price band, the company's shares are expected to get listed at a premium of 20% over the offer price.
2023-03-31T15:59:59+05:30
Sensex rallies over 1,000 pts; Nifty above 17,350; RIL jumps 4, Infosys 3%
2023-03-31T15:54:29+05:30
Zerodha's Nithin Kamath on ASBA-like facility for secondary market
"While the UPI block mechanism to allow trading with funds lying in the bank account is optional for brokers, the ability to collect fees from CC and potentially lower regulatory burden due to non-handling of client funds would probably mean that most brokerages will offer it," Kamath said.
2023-03-31T15:52:18+05:30
Jio Financial Services demerger: Reliance to hold meeting on May 2; stock surges over 4%
2023-03-31T15:35:31+05:30
Brokerages Jefferies, Morgan Stanley find India equity valuations attractive after rout
Meanwhile, Morgan Stanley places India at the 7th spot in terms of market allocation among APxJ/EM (Asia Pacific ex-Japan / Emerging Markets). The US-headquartered investment bank and financial services company is ‘Overweight’ (OW) on China, South Korea and Taiwan.
2023-03-31T15:32:25+05:30
Has a bottom been made in the market? Mukul Kochhar is telling people to buy
Mukul Kochhar, Head of Institutional Equities at Investec Capital Services, believes that India's current account problem is on track to being fixed, which will result in a stable rupee, better liquidity, and the ability of RBI)to reduce rates. He also thinks that global monetary tightening is at its peak, implying an exceptionally helpful macro backdrop. He advises people to start buying for a positive macro backdrop six months from now, despite not knowing if the bottom has been reached.
2023-03-31T15:16:39+05:30
Alert! 33 companies to face pre-IPO lock-in expiry in next 3 months
2023-03-31T15:01:31+05:30
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