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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

ETMutualFunds considered equity and equity-oriented schemes such as large cap, small cap, multi-cap, flexi cap, mid cap, large & mid cap, aggressive hybrid, arbitrage fund, multi asset allocation, and dynamic asset allocation categories for the analysis.
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

The market may have been volatile and moved sideways over the last one year or so, but some SIP investments still made money for investors. Here are five equity mutual fund schemes that offered an impressive return to investors in the last one year.
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

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
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

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
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  • Market News
IL&FS Financial Services settles 'fit and proper' declaration case with Sebi; pays Rs 13.65 lakh

Following this, IL&FS submitted the fit and proper declarations for financial years 2022, 2021, 2020 and 2019 to MSEI and also paid the settlement amount Rs 13.65 lakh. Accordingly, it settled the case with Sebi.
2023-03-30T16:55:07+05:30

Trade Talk: Observing institutional activity can help options traders to filter stock

2023-03-30T16:50:54+05:30

Ahead of Market: 10 things that will decide stock action on Friday

U.S. stock index futures rose on Thursday as easing fears of a banking crisis shifted the focus back to key consumer spending data due later in the week that could shape expectations for the Federal Reserve's future policy path. At 5:03 a.m. ET, Dow e-minis were up 145 points, or 0.44%, S&P 500 e-minis were up 15.75 points, or 0.39%, and Nasdaq 100 e-minis were up 32.5 points, or 0.25%.
2023-03-30T16:25:27+05:30

TVS Motor, ITC among stocks with sustained growth at reasonable value: ICICI Securities

The high optimism growth stocks include Avenue Supermart, Siemens, Pidilite Industries, Nestle India, Page Industries, Tata Consumer Products, Hindustan Unilever, Britannia Industries, Thermax and Kotak Mahindra Bank.
2023-03-30T15:55:43+05:30

Here's why Ruchit Jain is bullish on cement sector

Ruchit Jain, Lead Research, 5paisa.com says the market will pick up directional moves in such a direction in the April series. 17,200 would be the crucial resistance that we would watch out for. Once we get a breakout above 17,200, it would be clear that the April series would turn out to be a positive one.
2023-03-30T15:41:38+05:30

Morgan Stanley upgrades India to equal-weight; bets on financial, consumer discretionary sectors

Morgan Stanley has reduced active risk to zero from (-)50 bps, earlier. The overall score stands at 22, according to this report. Chile is another country which has been given an Equal-weight rating by Morgan Stanley.
2023-03-30T15:37:58+05:30

Tax sops removal may prompt MFs to make fund-of-funds, international funds cost competitive

According to the new rules that come into effect from April 1, mutual funds with less than 35% investment in equities will be taxed short-term capital gains (STCG) based on income tax slab levels, similar to how bank fixed deposits are taxed.
2023-03-30T15:30:39+05:30

European stocks rally as banking fears fade, Spanish inflation cools

A drop in Germany's North Rhine-Westphalia inflation to 6.9% in March from 8.5% a month ago also helped European equities. The federal statistics office will publish a flash estimate for nationwide inflation at 1200 GMT.
2023-03-30T15:20:57+05:30

Jefferies initiates buy on SBI Card; sees 25% upside aided by growth in card spends

Stock of India's second-largest credit card issuer could see 23% CAGR in card spends over FY23-26E, Jefferies said, adding that the company will leverage SBI's large customer base and its wide co-branded card tie-ups.
2023-03-30T15:07:42+05:30

Quantitative threshold as proposed in Sebi consultation paper may lead to disclosure overload, warns expert

“One will have to wait for the fine prints of the amendment, to see how SEBI introduces the quantitative thresholds for determining ‘materiality’ of events / information,” he further said.
2023-03-30T14:59:12+05:30

Market Trading Guide: CG Power among 5 stock recommendations for Friday

2023-03-30T14:28:06+05:30

Sebi board meeting: Decoding the slew of changes

While the purpose of the amendment was to ensure information symmetry, it might fuel more speculations in the market. This would further create greater debates in the corporates of confirming or denying any strategic decision at a nascent stage.
2023-03-30T14:14:17+05:30

ETMarkets PMS Talk: 13 years of outperformance! This Rs 1,400 cr-money manager reveals his 3-step approach to pick stocks

The future looks bright for both PMS and MF because financialisation of the savings has already started. Equity as a culture is improving and as the per capita income, affordability, and awareness increases for PMS, the size is going to probably become 2x, 3x, 4x, 5x, 10x over a period of time, says Rajesh Kothari, Managing Director, AlfAccurate Advisors Pvt Ltd.
2023-03-30T13:53:53+05:30

Top 5 Nifty PSU Bank stocks surge 60-110% in FY23

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

Learn with ETMarkets: Planning to start your journey into options trading? Here’s a quick guide

In stock markets, we can pay a small premium and protect ourselves from losses in our portfolio, and hence options are also called as insurance of stocks. Since market moves both up and down, we need to have insurance for both Bulls and Bears and hence we have 2 types of Options.
2023-03-30T13:16:08+05:30

Angel One, Dwarikesh Sugar, IGL to trade ex-dividend on Friday

Shares of companies will likely trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.
2023-03-30T13:13:34+05:30

Nuveen invests $30 million in Aviom India Housing Finance

According to people in the know, her holding as the promoter comes down to 32% from 39% while Japan's Gojo has its stake reduced to 19% from 39%. C4D's stake is reduced to 9% from 13% while Sabre Partners AIF Trust's current holding is 3%. The balance is held by other minority shareholders.
2023-03-30T13:06:53+05:30

ETMarkets Smart Talk: Want to create wealth? Invest 30% of salary in debt & equity instruments: Raghvendra Nath

Individuals who possess a willingness to assume a moderate amount of risk may opt to invest in top-tier corporate bonds, while those who prefer to err on the side of caution may find solace in government bonds. As interest rates continue to climb, purchasing bonds with shorter durations may serve as a safeguard against fluctuations in pricing.
2023-03-30T12:35:55+05:30

Champagne is outperforming gold and the S&P 500. Here’s what to buy

Keep in mind that a decade ago the world’s finest bubbly accounted for a mere 2% of secondary market trades on Liv-Ex. That share climbed to make it the third most-traded region behind Bordeaux and Burgundy (at 18.7%) in Nov. 2022, and remained in third position until US wines spiked during the week of March 17-23.
2023-03-30T12:34:29+05:30

Crypto Comeback: Examining the surge in crypto prices

Last week, the Fed and its allies effectively bailed out the depositors of SVB. As part of this bailout, the Fed had to increase its balance sheet by 300 billion dollars. The Fed printed 300 billion new dollars, given that Bitcoin was built in response to the 2008 bank bailouts. BTC's price went parabolic in response to the SVB bailout.
2023-03-30T12:33:58+05:30

India's IPO fundraising halves in FY23; two debutants deliver multibagger returns

Meanwhile, slowing down the trend of internet companies hitting the markets, only one new-age tech startup Delhivery made its debut this fiscal. Paytm, Nykaa, Zomato and Policybaazar were some of the marquee tech companies that entered the public markets in FY22.
2023-03-30T12:11:53+05:30

Rs 10,000-investment swells to Rs 11 lakh! This smallcap multibagger soared 11K% in just 10 years

The multibagger stock has risen from being a penny stock available at just Rs 10.20 in April 2003 to over Rs 600 currently. In the last five years, the shares have surged 522% and the same jumped nearly 830% in the last three years.
2023-03-30T11:35:24+05:30

9 stocks whose buybacks are currently open. Do you own any?

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2023-03-30T11:00:34+05:30

Theme for a dream? Premiumisation can be a big trend for next 2-3 years: Ajay Vora

The Nuvama Asset Management Head of Equities says they are very positive about the whole premiumisation theme within the country. What happened recently with the DLF launch is a prime example. Within three days, they sold inventory worth almost Rs 8,000 crore. They had planned to launch around 2 million square feet but eventually launched 4 million square feet and got a stupendous response. The premiumisation trend is likely to pan out over the next 2-3 years.
2023-03-30T10:57:45+05:30

Are PMS managers adding to the market fall? Anshul Saigal explains

PMS are managed accounts and clients have a greater involvement, points out Anshul Saigal, CIO of Kotak PMS. When the markets are doing well, the PMSs start buying and push the markets up. And when markets are iffy. PMSs sell. Having said that, Plus the DIIs are sitting at on cash that is nearly a decadal high. FII short positions are, even higher than June of last year.
2023-03-30T10:49:21+05:30

Rahul Shah on why it is not a bear market & his top 3 picks in auto sector

According to Rahul Shah, VP-Equity Advisory, MOFSL, we are not in a bear market but good corrections in a lot of stocks and lack of interest from the investor’s side has led to stocks tumbling down. The HNIs and the retailers usually show a lot of interest in smallcap and midcap stocks. But due to a lot of global factors, they have postponed their investment at this juncture. In select baskets, this would be a good opportunity to get into all smallcaps and midcaps.
2023-03-30T10:45:13+05:30

Looking to build your portfolio? Take a look at these cement stocks

Improvement in capacity utilization is likely to support price hikes in the near term. Cement players have attempted price hikes in Feb-Mar’23; however, a significant portion of the hikes was reversed by offering discounts, incentives, and price cuts
2023-03-30T10:21:53+05:30

Stock Market Holidays: BSE, NSE to remain shut on these 3 days in April

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

11 Nifty50 stocks gave positive returns in 4 of the last 5 fiscals, which ones do you own?

These are HUL, ICICI Bank, ITC, L&T, Britannia Industries, Mahindra & Mahindra, NTPC, UltraTech Cement, Coal India, Eicher Motors, and IndusInd Bank.For markets, FY23 began on a tough note as Russia’s invasion of Ukraine pushed commodity prices higher, resulting in an unprecedented rise in inflation in world economies, including India
2023-03-30T09:31:01+05:30

Wild stock market reversals put dip-buyers on pace for historic year

A Goldman Sachs Group Inc. basket of companies with weak balance sheets advanced for a fourth straight session, extending its gain this week to 3.3%. That compared with a weekly return of about 1% for a Goldman basket of companies with sturdy finances
2023-03-30T09:17:39+05:30

Oil steadies as U.S. crude draw offset by Russian supplies, stronger dollar

Crude inventories fell by 7.5 million barrels in the week to March 24 to 473.7 million barrels, compared with analysts' expectations in a Reuters poll for a 100,000-barrel rise. Mean while, reports about Russian crude production falling by around 300,000 barrels a day in the first three weeks of March, less than the targeted cuts of 500,000 bpd, and strength in the U.S. dollar, erased oil price gains
2023-03-30T08:59:36+05:30

Gold ticks down on firmer dollar, easing banking fears

Gold prices retreated slightly on Thursday as the US dollar strengthened, reducing interest in safe-haven assets. Spot gold declined 0.2% to $1,960.68 per ounce while US gold futures were down 0.3% at $1,962.10. Investors are eagerly awaiting the latest US Personal Consumption Expenditures data, the Federal Reserve's preferred inflation measure, on Friday to gain further indications of the bank's monetary policy
2023-03-30T08:52:45+05:30

Bank relief and Alibaba plans nudge stocks higher

Asian stocks rose on the back of easing banking fears and Alibaba's plan to break up its conglomerate structure, offering hope that the regulatory storm around Chinese tech firms may be dissipating. MSCI's Asia-Pacific shares index rose for a third straight day, up 0.3%, while Australia's stocks rose by 1%.
2023-03-30T08:46:21+05:30

Investors give thumbs down to CEO exits

Mahindra Lifespace Developers' shares declined nearly 6% last market after its CEO and MD, Arvind Subramanian, announced his resignation. Broking firm Angel One shares fell for three trading sessions after its chief executive, Narayan Gangadhar, resigned from the post on February 17. According to analysts, an unexpected exit by a CEO has mostly impacted stock prices in the near-term as the move is seen to be disruptive for companies' growth plans.
2023-03-30T08:42:34+05:30

Traders make a bullish entry in April

According to analysts, the market recovery in the last half an hour of Wednesday's trade and the Nifty closing above 17,000-level has raised hopes of a short-term bounce. "A relief rally can commence if the Nifty surpasses 17,200," said Viraj Vyas, derivatives and technical analyst, institutional equities, Ashika Group. "But, the market remains a 'sell on rise' until it sustains above 17,600 levels."
2023-03-30T08:37:23+05:30

Asian markets mixed as traders weigh rates outlook

Asian markets were mixed on Thursday as investors weighed US interest rates against the backdrop of recent turmoil in the financial sector. Markets have largely been reassured by comments from officials suggesting the fallout from the collapse of US regional banks and from Credit Suisse's troubles was contained
2023-03-30T08:36:47+05:30

Account-to-account transfers free on UPI: NPCI

NPCI recently issued guidelines that allowed prepaid payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem.
2023-03-30T08:36:21+05:30

Adani co stocks rebound, add ₹20,205 cr in mcap

Adani Group's market capitalisation surged by ₹20,205 crore on Wednesday to ₹9.09 lakh crore after falling by ₹49,400 crore the previous day. In the past week, these stocks have weakened again, possibly due to negative news flow. The group's clarification late last night to stock exchange was in response to a report by The Ken earlier in the day which raised questions on whether the conglomerate's promoters had repaid its loans against the shares they had pledged.
2023-03-30T08:28:05+05:30

Before Azure Power's results, a project awaits rollout

Azure received an extension from the NYSE until mid-July to submit an audited report for FY22, averting a possible stock delisting.
2023-03-30T08:26:55+05:30

Sebi greenlights slew of reforms

At the Sebi board meeting, chairperson Madhabi Puri Buch declined to comment on its investigation into the Hindenburg Research report on the Adani Group. "We never comment on entity-specific matters and on top of that the matter is before the Supreme Court and we never comment on sub-judice matters," Buch said at a press conference after the board meeting.
2023-03-30T08:07:17+05:30

Promoter Fairbridge Capital buys 4.4% stake in Quess Corp; MF, FPI sell stake

The stake acquisition by the promoter helped shares of Quess Corp snap their 3-day losing streak and test a 1-month high of Rs 385. The stock ended 4% higher at Rs 357.50 on the NSE.Through separate deals, a mutual fund house, foreign portfolio investor, and life insurance company sold stake in Quess Corp.Aditya Birla Sun Life Mutual Fund sold 11,36,091 shares or 0.8% stake at Rs 383.79 a share.
2023-03-29T22:34:35+05:30

SEBI strengthens online dispute resolution mechanism in securities market

Among the measures the market watchdog extended the MII [Market Infrastructure Institution] administered conciliation and arbitration mechanism to registered intermediaries / regulated entities and their investors / clients. It also allowed conducting proceedings in a hybrid mode along with streamlining the dispute resolution process and adoption of other measures to strengthen enforcement of awards
2023-03-29T22:05:47+05:30

Stock Radar: Buy UltraTech Cements for a target of Rs 7900 in next 10-15 sessions, says Rahul Sharma

2023-03-29T22:00:00+05:30

SEBI standardises provisions for valuation of Alternative Investment Funds

Changes were made in rules governing certification requirements for key employees of Investment Manager, transactions with associates, and option to sell unliquidated investments to a new scheme of the AIF.
2023-03-29T21:30:11+05:30

Top 5 gold funds with double-digit returns in the last 3 years

2023-03-29T21:14:40+05:30

SEBI takes 16 major decisions in board meet: Key takeaways for Dalal Street

Regulator is introducing a quantitative threshold for determining ‘materiality’ of events or information
2023-03-29T20:55:55+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

SEBI Meet: Nod to regulatory framework for ESG disclosures

The AMCs will also be required to make enhanced disclosures on voting decisions with specific focus on environmental, social and governance factors along with disclosures of fund manager commentary and case studies, which highlight how the ESG strategy is applied.
2023-03-29T20:32:44+05:30

Finmin expects steady G-sec yields in FY24; hike in borrowing target unlikely

The idea is to ensure private players are not crowded out of the bond market at a time when private capital expenditure is expected to gradually gain traction and credit growth has picked up pace, said the official.
2023-03-29T20:03:11+05:30

These 6 stocks touch their new 52-week high; gain upto 20% in a month

2023-03-29T19:48:01+05:30
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