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Want 100% flexibility in shifting between debt & equity? Sandeep Tandon has an answer
Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise.
2023-03-23T16:45:00+05:30
Can I sell my mutual fund investments, invest the money in ELSS?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-23T15:37:37+05:30
18 ELSS mutual funds beat their benchmarks in 10 years; offer 12-17% returns
ELSS mutual fund category offered around 13.35% returns in the 10-year horizon. ETMutualFunds considered daily rolling returns in 10 years to to see whether these schemes managed to beat their benchmarks.
2023-03-23T11:10:38+05:30
Axis Mutual Fund aims to raise Rs 50 crore from new ETF fund of funds
By investing in a fund of funds, which offers asset diversification, investors may also benefit from lower risks as it follows a passive investment strategy.
2023-03-23T08:29:07+05:30
Competition Commission clears LIC Mutual Fund-IDBI Mutual Fund deal
Deals beyond a certain value require approval from the regulator, as it keeps a tab on unfair business practices in the market place.
2023-03-23T08:22:37+05:30
Fed increases rates by 25 bps but signals hikes are near an end
The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.
2023-03-22T23:38:58+05:30
8 small cap schemes offered more than 40% return in three years
The small cap category has faced a lot of volatility in the interim. The category delivered around 2.19% return in the last one year horizon.
2023-03-22T11:07:22+05:30
Valuation risk minimal in largecaps; good time to start investing for long term: Harsha Upadhyaya
Midcaps and smallcaps tend to feel the pinch more than largecaps during macroeconomic advents. This is despite valuation in the smaller caps also correcting. Some profit booking in midcap and smallcap stocks could occur in the nervous market but one should start nibbling back into increasing equity allocation to domestic equities, especially largecaps. Kotak AMC's CIO-Equity, Harsha Upadhyaya, believes the valuation risk remains minimal in largecaps, making them attractive to investors for long-term investments.
2023-03-22T10:09:46+05:30
A Bala on why one shouldn’t worry about SIP cancellation, Adani debt exposure
Aditya Birla Sun Life AMC CEO A Balasubramanian says the firm’s exposure to the Adani Group has been paid on time or earlier than the due date. SIP cancellations might occur, however, the net number should remain positive moving forward. The upcoming election should see a positive outcome for the Indian market. Stocks in the consumption segment would be the least volatile with no earning negative surprises.
2023-03-22T09:21:37+05:30
Why you should hurry to provide nomination details in old MF folios
According to regulatory guidelines, investors should have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Otherwise, their folios will be frozen for debits.
2023-03-22T08:59:58+05:30
With yields seen peaking, investors can look at long duration funds
"Concerns on growth and financial stability point to easier than expected monetary conditions. If this contagion in the global banking system continues, monetary policy will continue to be easy, making it a good time to allocate some money to long duration bonds with a 5-10 year maturity." says Sandeep Bagla, CEO, Trust Mutual Fund.
2023-03-22T08:25:08+05:30
A win-win solution: A passive, hold-to-maturity, fully G-Sec product
As per Association of Mutual Funds in India (AMFI) data as of January 2023, individual mutual fund investors have 80% of their total mutual fund allocation towards equity schemes, and only 14% of the allocation is towards debt-oriented schemes.
2023-03-21T13:04:04+05:30
Silver ETF: Should you buy it as silver prices soar?
Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.
2023-03-21T12:53:48+05:30
NFO Watch: 20 new mutual fund offers open this week. Should you invest?
Around nine fixed maturity plans (FMPs), five gilt funds, two ETFs and two fund of funds (FoF), and one ELSS and index fund scheme are open for subscription in the market.
2023-03-21T12:15:22+05:30
Mutual funds to secure a monthly income of Rs 40,000
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-21T10:32:04+05:30
Why should you consider investing in passives or index schemes?
For some people investment is an activity where there is a lot of action all the time. They strongly believe that to get returns one needs to actively manage their portfolio and churn appropriately, says Suresh Sadagopan.
2023-03-21T09:44:45+05:30
D-Street indices fall on back of weakness in global markets
The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.
2023-03-21T07:29:39+05:30
Investors with 6-12 months horizon can consider money market funds
Puneet Pal, head - fixed income, PGIM India Mutual Fund, said he expected the US Fed to hike rates by 25 bps next week, but he pointed out the crucial aspect will be the future guidance.
2023-03-20T15:46:26+05:30
Why is it the right time to invest in equity mutual funds?
Is it the right time to invest in equity mutual funds? Why mutual fund managers/experts believe that it is great time or opportunity to invest in equity mutual funds?
2023-03-20T12:45:40+05:30
The SMART way to define your financial goals
The goals cannot be vague, such as ‘I will buy a house when I have enough money’. Goals should be ‘SMART’: specific, measurable, achievable, relevant and time-bound.
2023-03-20T06:30:00+05:30
Constant Maturity Fund: 5 things to know
This type of fund has huge interest rate risk as any change in the interest rate will impact the price of the bonds, which will impact fund returns.
2023-03-20T06:30:00+05:30
Should you time your equity investments?
Investing consistently is more than important than timing the markets.
2023-03-20T06:30:00+05:30
Will these mutual funds help me to make Rs 15 crore?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-17T16:01:41+05:30
HDFC Mutual Fund launches HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund
HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme, will close for subscription today. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO.
2023-03-17T12:24:23+05:30
Mutual Funds buy hotels, entertainment, auto and cement stocks
Equity mutual funds shuffled their holdings in banks and insurance in February as foreign investors trimmed their positions in these stocks as part of their broader sell-off in Indian equities.
2023-03-17T10:29:42+05:30
USD debt can be very attractive to diversify globally: Vishal Kapoor of Bandhan Mutual Fund
"With this fund, an investment by an Indian investor will be made in INR locally into the Bandhan US Treasury Bond 0-1 Year Fund of Fund. Our fund will in turn invest into an overseas ETF that invests in US Treasury Bonds. Being a local investment, individual remittance limits and Tax Collected at Source (TCS) requirements under the LRS facility are not applicable," Kapoor said.
2023-03-17T09:51:10+05:30
Bandhan Mutual Funds US Treasury Bond FoF offers niche dollar play
The US Treasury Bond 0-1 year Fund of Fund is an open-ended FoF that will invest in units of JPMorgan BetaBuilders US Treasury Bond 0-1 year ETF.
2023-03-17T08:33:00+05:30
Sebi renews recognition to AMC Repo Clearing for one year
Securities and Exchange Board of India (Sebi) granted recognition to AMC Repo Clearing Ltd in January last year.
2023-03-16T15:11:31+05:30
Should I make changes to my mutual fund portfolio?
If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2023-03-16T13:31:47+05:30
Banking sector mutual funds lost around 9%. What should investors do?
Are the recent troubles offer a great opportunity to invest in banking schemes?
2023-03-16T11:19:53+05:30
Edelweiss to Merge Bharat Bond ETF 2023 with 2025
As per the Income Tax, such mergers will not result in capital gain or loss for the merging schemes. They will be treated as a continuous investment into the next scheme.
2023-03-16T09:11:45+05:30
What are the advantages of investing in target maturity funds?
Target maturity funds are passively managed debt mutual funds that come with a specified maturity date and replicate the underlying index.
2023-03-15T09:53:22+05:30
Despite rising per capita income, SIP ticket size hasn't moved much in last 5 years: DP Singh, SBI Mutual Fund
The Deputy MD of SBI MF, DP Singh, says that the SVB crisis in India will have a minimal impact on the Indian economy, and that the future is bright. Singh also says that the Indian economy is doing well, and that credit is improving. He says that the decoupling of the Indian economy from the US economy is no longer possible and that Indians are investing outside of India.
2023-03-15T09:31:58+05:30
Mirae Asset Mutual Fund launches Mirae Asset Nifty 100 Low Volatility 30 ETF
Nifty100 Low Volatility 30 Index is a Smart Beta ETF that aims to measure the performance of the low volatile securities in the large market capitalization segment. Smart Beta ETFs aim to potentially combine the benefits of both active and passive investing.
2023-03-15T09:10:05+05:30
ICICI Prudential Mutual Fund launches of ICICI Prudential Nifty PSU Bank ETF
The NFO will close for subscription on March 15, 2023.
2023-03-15T09:00:11+05:30
DSP Mutual Fund launches special hotline for women
Women can give a missed call on 8657011333 if they want to learn more about mutual funds, investing or simply about how they can take their first steps toward building a financial plan, a press release said.
2023-03-14T14:14:29+05:30
Best mutual funds to ride the volatile phase in the market
Whenever the market becomes volatile, many investors keep asking whether they can invest in some mutual funds that will help them to deal with the volatility better. Are there safe funds?
2023-03-14T11:10:53+05:30
SBI Mutual Fund raises Rs 3,600 crore through dividend yield NFO
The NFO of SBI Dividend Yield Fund was opened between February 20 to March 6, and it will reopen for subscriptions on March 17, the company said.
2023-03-14T09:24:53+05:30
Outflows in debt mutual funds continue, Rs 13,815-cr withdrawn in Feb
The heavy withdrawal was seen from liquid funds. Debt funds continued to witness outflows at Rs 13,815 crore during the period under review.
2023-03-14T09:23:18+05:30
Kotak Mutual Fund launches Kotak Silver ETF Fund of Fund
The New Fund Offer is open for subscription and will close on March 27.
2023-03-13T13:02:12+05:30
'Loan against mutual funds is economical, provides greater repayment flexibility'
Loan against mutual funds units has existed in the past, but investors stayed away from it due to the tedious process like multiple visits to the branch, fulfilling KYC norms, and waiting for days to get the loan sanctioned and disbursed.
2023-03-13T10:09:46+05:30
Gold ETFs record Rs 165 crore inflow in Feb
Gold ETFs, which track the domestic physical gold price, are passive investment instruments that are based on gold prices and invest in gold bullion.
2023-03-13T08:48:14+05:30
Mutual fund industry being vilified baselessly, says Amfi
Based on regular monthly fund disclosures, global mutual funds tracking firm Morningstar ranks India on top of 26 countries, said Amfi chief executive NS Venkatesh.
2023-03-13T08:41:19+05:30
ICICI Prudential Long Term Equity Fund: Fund review
Given its growth tilt, the fund struggled last year, pulling down its otherwise decent return profile. Its new stance means it will deliver when market starts favouring growth businesses.
2023-03-13T06:30:00+05:30
Consider equity mutual funds with low loss rates: 10 MFs with the lowest 1-year loss rate
The loss rate is defined as the number of time intervals of negative returns as a percentage of the total number of defined time intervals. This is calculated using rolling returns.
2023-03-13T06:30:00+05:30
Arbitrage mutual funds are making a strong comeback; what should investors do?
Fortunes of arbitrage funds have changed in the past three months. These have clocked 1.7% returns over the past three months, even as liquid funds fetched 1.57%. ts, however, say ultra short term debt funds are a better option.
2023-03-13T06:30:00+05:30
IDFC MF to be rebranded as Bandhan MF
Regulators had objected to the use of Bandhan Bank logo for mutual fund operations. IDFC Asset Management Company was acquired by the consortium, which comprises Bandhan Financial Holdings Limited, GIC, and ChrysCapital.
2023-03-11T22:55:40+05:30
Axis Mutual Fund launches Axis S&P BSE Sensex ETF
The New Fund Offer (NFO) of Axis S&P BSE Sensex ETF is open for subscription and will close on March 15. The scheme will be benchmarked against S&P BSE Sensex TRI
2023-03-10T17:17:04+05:30
Be a hero, remain invested in the market; accumulation phase is ahead of us: Swarup Mohanty
Swarup Mohanty advises investors to continue their SIPs and stay invested, as the market will eventually correct itself. Mohanty also discusses the current global market conditions and how they may affect India. He believes that the market is beginning to become fairly valued, and that Indian markets are still relatively stable.
2023-03-10T15:03:01+05:30
Should I hold or sell these Axis schemes?
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.
2023-03-10T15:01:17+05:30
Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details
"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.
2023-03-23T14:56:23+05:30
Non-banking lender SBFC cuts IPO size, refiles papers with Sebi
About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30
Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30
Jupiter Hospital likely to file for ₹1,100 crore IPO soon
The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30
MobiKwik eyes fresh IPO in 12-18 months
“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,†Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30
Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30
IndiaFirst Life Insurance gets SEBI approval to float IPO
IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30
SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium
Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30
Udayshivakumar Infra IPO subscribed 58% on Day One
According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30
Global Surfaces IPO share allotment expected today. How to check status
According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30
Udayshivakumar Infra IPO opens for subscription. Should you bid?
The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos
The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30
Govt approves listing of state-owned IREDA by selling part stake
DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30
Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details
About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30
Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore
Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30
Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev
In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30
Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?
Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30
White label ATM provider India1 Payments defers IPO plans
It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30
Global Surfaces IPO subscribed 12.21 times on Day 3
According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30
Divgi TorqTransfer lists at 5.1% premium
The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30
Global Surfaces IPO fully subscribed on Day 2
Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30
SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details
The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30
Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?
The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30
Global Surfaces IPO: Check subscription status, GMP and other details
The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30
Global Surfaces IPO opens. Should you subscribe to the issue?
Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30
Global Surfaces among 5 IPOs that will open for subscription this week
The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30
Global Surfaces IPO: 10 things you must know before investing
Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30
Tata Technologies IPO: 10 things to know about the public offer
The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30
Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know
2023-03-10T18:28:43+05:30
Flipkart not averse to Dalal Street IPO
The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30
Tata Technologies IPO: What it means for Tata Motors investors
Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30
Tata Technologies files IPO papers with Sebi
The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30
Global Surfaces IPO to open next week. Check price band and other details
The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30
Byju’s is said to seek $250 million in Aakash pre-IPO funding
Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30
Divgi TorqTransfer IPO allotment today. How to check status
The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.
2023-03-08T13:25:27+05:30
SoftBank's arm aims to raise at least $8 billion in US IPO, say sources
The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
2023-03-06T19:11:14+05:30
Nova Agritech files DRHP to raise funds via IPO
According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao
2023-03-06T17:18:32+05:30
Airox Technologies scraps IPO plans; withdraws IPO paper
However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday
2023-03-06T16:19:46+05:30
Divgi Torqtransfer Systems' IPO subscribed 5.44 times
The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.
2023-03-04T06:59:45+05:30
Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises
The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.
2023-03-03T13:28:04+05:30
Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details
Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.
2023-03-02T13:39:57+05:30
Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?
Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.
2023-03-02T09:01:13+05:30
Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details
Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.
2023-03-01T14:23:28+05:30
Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe?
The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.
2023-03-01T10:00:00+05:30
What makes Divgi IPO suitable for investors with high risk appetite
Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters
2023-02-28T19:31:30+05:30
IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO
IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit
2023-02-28T15:03:27+05:30
FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs
Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.
2023-02-28T13:00:01+05:30
Divgi TorqTransfer fixes price band for public issue
The IPO includes a fresh issue of ₹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue.
2023-02-28T06:35:15+05:30
Fabindia scraps $482 million IPO amid uncertain market conditions
The 62-year-old company, popular for its sustainable and traditional Indian wear, said it may consider going public in the future and that several global ESG-focused funds had expressed an interest to invest. It did not give details.
2023-02-27T16:05:05+05:30
Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPO
The red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani's firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore.
2023-02-27T15:23:33+05:30
NSE scraps ‘Do Not Exercise’ facility for stock options; retail traders could face big losses
2023-03-23T20:39:15+05:30
5 bank stocks with high analyst ratings and over 25% upside potential
2023-03-23T20:10:39+05:30
4 bank stocks that more than doubled investors' wealth in FY23
As per Ace Equity data, banking stocks such as Karnataka Bank and UCO Bank have given over 100% returns to their investors at the same time.
2023-03-23T19:45:37+05:30
Dow rises 1.3%; US stocks roar, recover nearly all of steep loss from prior day
The S&P 500 seen 1.6% higher in morning trading. The Dow Jones Industrial Average was at 32,442, as of 10:54 a.m. Eastern time, while the Nasdaq composite was 2.3% higher.
2023-03-23T19:12:56+05:30
Market Trading Guide: Maruti Suzuki among 7 stock recommendations for Friday
Nifty settled at 17,075, dropping 0.44%, while Sensex ended below 58,000 levels. Meanwhile, India VIX dropped by 2%.
2023-03-23T18:51:02+05:30
India bond yields hold steady as traders await H1 borrowing, RBI meet
The 10-year benchmark 7.26% 2032 bond yield ended at 7.3480%, after closing at 7.3495% on Tuesday. The government's borrowing for April-September is likely to be between 55% and 58% of its gross annual borrowing target of Rs 15.43 lakh crore
2023-03-23T18:24:34+05:30
Market Watch: Post-Fed rate hike, bank & IT stocks drag Sensex 289 pts down; Nifty below 17,100
2023-03-23T18:22:04+05:30
Tech View: Nifty charts indicate sell on rise pattern. What should traders do on Friday
“The market could find a range of around 17,200-16,950 levels in the next few sessions. The lower area of 16,950-16,900 is expected to offer support for the market during the present weakness. A decisive move above 17200-17250 levels is likely to bring strength in upside bounce,†said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
2023-03-23T18:01:19+05:30
Rupee logs best day in 3 weeks on rising bets of Fed pause
The rupee ended at 82.2625 per dollar, compared with its previous close of 82.6550. The Indian currency aligned itself with peers like the Chinese yuan and the Thai baht, which rose around 0.5%.
2023-03-23T17:51:00+05:30
Accenture reports Q2 revenue at $15.8 bn, beats estimates; trims Q3 forecasts
2023-03-23T17:48:05+05:30
HAL OFS subscribed 4.51 times; shares plunge over 4%
HAL shares today ended at Rs 2,504.75 on the NSE and were down by Rs 120 or 4.57%. The issue for the general category ended today. The OFS for retail category is tomorrow
2023-03-23T17:46:06+05:30
Bank of England hikes interest rates by 25 bps after inflation surprises
Sounding more upbeat about the outlook for the country's slow pace of economic growth, the BoE's nine rate-setters voted 7-2 in favour of a 25 basis-point increase in Bank Rate to 4.25%.
2023-03-23T17:34:43+05:30
Stock market update: Sugar stocks up as market falls
The 30-share BSE Sensex closed down 289.31 points at 57925.28
2023-03-23T17:29:54+05:30
Stock market update: Power stocks down as market falls
The 30-share BSE Sensex closed down 289.31 points at 57925.28
2023-03-23T17:24:40+05:30
Stock market update: Mining stocks mixed as market falls
The 30-share BSE Sensex closed down 289.31 points at 57925.28
2023-03-23T17:19:28+05:30
Stock market update: Nifty Realty index falls 1.08%
The Nifty Realty index closed 1.08 per cent down at 390.05.
2023-03-23T17:14:05+05:30
Stock market update: Nifty Bank index falls 0.96%
The Nifty Bank index closed 0.96 per cent down at 39616.9.
2023-03-23T16:58:05+05:30
Stock market update: Nifty Auto index advances 0.04%
The Nifty Auto index closed 0.04 per cent up at 12205.7.
2023-03-23T16:52:49+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
Sensex falls! These stocks fell 5% or more in Thursday's session
In the Nifty pack, 20 stocks closed in the green, while 30 stocks ended in the red.
2023-03-23T16:42:17+05:30
Here’s Bharat Bond ETF’s report card as first tranche is set for April maturity
Yadav of Sanctum Wealth said depending upon the time horizon, there are various Bharat Bond funds that are available to investors. If the investor time horizon matches the fund maturity, they are likely to make returns closer to the YTM, he added.
2023-03-23T16:39:44+05:30
How has health insurance changed over time? When should you go for riders?
Many health insurance companies are offering innovative features to increase the attractiveness of buying health insurance. These features include lock-in premium, no claim bonuses, and treatment for critical illnesses abroad. A four-year waiting period for senior citizens has been reduced, and coverage now includes ABCD illnesses, such as diabetes. Health insurance companies are also offering day one cover and more coverage after 30 days, which are more expensive than a basic policy with a longer waiting period.
2023-03-23T16:35:00+05:30
Stock market update: Nifty Pharma index advances 0.22%
The Nifty Pharma index closed 0.22 per cent up at 11780.85.
2023-03-23T16:31:49+05:30
Teaching women to make investment decisions – one call at a time
DSP Investment Managers has launched a hotline to encourage women to manage their own portfolios and to promote financial literacy. Women can give a missed call and the AMC will guide them through the investment process, matching them with financial advisors if needed. The hotline also offers education on investment terminology and strategies.
2023-03-23T16:31:00+05:30
​Gainers and Losers: GAIL, Sun Pharma Advanced among 6 stocks in focus today​
>> For more such web stories click on the ET icon below
2023-03-23T16:27:02+05:30
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 75.0 points down at 17076.9
2023-03-23T16:26:30+05:30
Sensex snaps 2-day winning run, falls 289 pts; Nifty ends below 17,100; HAL sheds 5%
2023-03-23T16:23:42+05:30
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
SBI, Bajaj Auto, Kotak Bank, Asian Paints and HCL Tech were among the top losers on NSE in today's trade.
2023-03-23T16:21:23+05:30
Accenture forecasts Q3 revenue below estimates at around $16.7 billion
The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. Analysts on average were expecting revenue of $16.64 billion, according to Refinitiv data.
2023-03-23T16:20:58+05:30
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Career Point, Nagreeka Capital, Tega Industries Ltd., Soma Textiles and W S Industries, hit their fresh 52-week highs during the day.
2023-03-23T16:16:11+05:30
​5 key ratios every investor must be aware of​
​Investing in the stock market requires a thorough analysis of a company's balance sheet, profit and loss account and various other financial statements. Financial ratios are an easy way to know a company's performance.>> For more such web stories click on the ET icon below​
2023-03-23T16:11:31+05:30
Stock market update: FMCG stocks down as market falls
The 30-share BSE Sensex closed down 289.31 points at 57925.28
2023-03-23T16:05:31+05:30
Toshiba to go private as board accepts $15 bn takeover bid: reports
When approved under global competition laws, the acquisition, which has an estimated value of two trillion yen ($15 billion), is expected to take the engineering giant private, the Nikkei said.
2023-03-23T16:02:38+05:30
Post-Fed rate hike, bank & IT stocks drag Sensex 289 pts down; Nifty below 17,100
D-street investors became poorer by Rs 87,594 as market capitalisation of all listed companies on BSE declined to Rs 257.11 lakh crore.
2023-03-23T15:59:29+05:30
Gold price climbs Rs 450; silver zooms Rs 815
"Gold prices edged higher after the US Federal Reserve raised interest rates by an expected 25 basis points and signalled it was on the verge of pausing future hikes in view of recent turmoil in the financial sector.
2023-03-23T15:58:56+05:30
Top 5 tax-saving mutual funds schemes gain over 30% in last 3 years
2023-03-23T15:50:04+05:30
Indraprastha Gas declares 2nd interim dividend of Rs 10/share, fixes record date
The consensus recommendation from 30 analysts for IGL is Buy. Out of these, 23 have strong buy and buy ratings, while only three have strong sell and sell ratings. The remaining four have a hold rating on the counter.
2023-03-23T15:37:39+05:30
Emerging market investors turn increasingly bullish for Q2 -HSBC survey
The MSCI emerging market equity index has risen 2% since the start of the year, though those gains come in the wake of a 22% tumble in 2022 - the biggest annual drop for the benchmark since the 2008 financial crisis.
2023-03-23T15:16:22+05:30
Fed unmoved by bank implosions, dashing fears of contagion
From the markets standpoint the reiteration that tighter financial condition is a non-negotiable on the path towards inflation control is a marked difference from markets expectations of Fed’s giveaways. Hence, optimism priced into the risk markets is getting diluted by the “bumpy ride†guidance of the central bank.
2023-03-23T15:04:38+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
Sebi speeds up action against social media stock tips: Sources
The regulator's action, which follow four earlier orders passed in the past twelve months, aim to signal growing concern that retail investors are being lured into stock market investments by companies and individuals who are not authorised to offer financial advice. The Securities and Exchange Board of India's rules say that only advisers registered with it can offer investment advice.
2023-03-23T14:49:04+05:30
Lindsay Lohan, other celebs settle with SEC over crypto case
In the complaint filed by the SEC in federal court in New York, the agency claims the celebrities were paid to promote Tronix (TRX) and BitTorrent (BTT), both crypto asset securities that were offered for sale by three companies owned by Justin Sun, a Chinese national.
2023-03-23T14:47:39+05:30
Vedanta tanks over 'Anil Agarwal mulling stake sale' rumours; company denies media reports
2023-03-23T14:28:46+05:30
Most self-made billionaires hail from these countries
India ranks third in terms of self-made billionaires, shows Hurun Global Rich List released on Wednesday. Take a look at the full list of rankings:
2023-03-23T14:15:42+05:30
Vedanta shares drop 4.21% as Sensex falls
On the technical charts, the RSI of the stock stood at 37.71.
2023-03-23T14:13:11+05:30
LTIMindtree shares drop 1.21% as Sensex rises
The stock quoted a 52-week high of Rs 6429.4 and a 52-week low of Rs 3733.25.
2023-03-23T14:07:57+05:30
We were expecting tariff to be Rs 5-6 more than what PNGRB approved, will go back for review: Rakesh Kumar Jain, GAIL
The Petroleum and Natural Gas Regulatory Board (PNGRB) has issued higher tariffs for GAIL's nine physically interconnected pipelines at Rs 58.61, up from Rs 46 per MMBtu for similar pipelines, which will result in an increase of around Rs 1,600 crore in revenue. However, GAIL was expecting a tariff Rs 5-6 higher than the approved rates, as PNGRB has considered a substantially lower fuel gas price for internal consumption.
2023-03-23T14:03:05+05:30
Jubilant Food shares down 0.82% as Nifty gains
The stock quoted a 52-week high price of Rs 652.2 and low of Rs 412.2.
2023-03-23T14:02:43+05:30
International banking crisis: All about collapse of 167-year old Credit Suisse, SVB & AT-1 bonds
Moreover, to meet the immediate liquidity requirement the bank sold those long-dated securities at a loss of USD 1.8 billion. When depositors learned about it they queued up to withdraw the money at the earliest leading to further crisis.
2023-03-23T14:00:37+05:30
NSE withdraws ‘Do Not Exercise’ facility for stock options. Here's how this affects retail traders
The 'Do Not Exercise' facility allows a trader to instruct the broker if he/she does not wish to exercise the right to give or receive deliveries. This facility prevents the risks around the physical settlement and allows brokers against exercising a ‘close to money’ option strikes on behalf of clients.
2023-03-23T13:57:38+05:30
Moneycontrol Selects: Top stories this afternoon
Our specially curated package of the most interesting articles of the day will help you stay at the top of your game
Fri, 17 Mar 2023 12:33:47 +0530
Moneycontrol Selects: Top stories this afternoon
Our specially curated package of the most interesting articles of the day will help you stay at the top of your game
Fri, 17 Mar 2023 12:33:47 +0530
Centre plans spot insurance to cover rising number of uninsured vehicles: Report
The Centre is reportedly planning a mechanism that will provide mandatory third-party insurance cover for motor vehicle owners at the first instance when their uninsured vehicles are impounded by traffic police or transport department officials.
Tue, 28 Feb 2023 08:23:58 +0530
Moneycontrol Daily: Your Essential 7
A daily round-up of the most interesting articles to help jump-start the day.
Sun, 26 Feb 2023 07:33:19 +0530
Moneycontrol Daily: Your Essential 7
A daily round-up of the most interesting articles to help jump-start the day.
Sun, 26 Feb 2023 07:33:19 +0530
A health insurance policy that locks your premiums till you make a claim
Niva Bupa launches a health policy that allows you to carry forward your unutilised sum assured and locks your premium at the age you buy the policy
Fri, 24 Feb 2023 10:51:12 +0530
ChatGPT#39;s growth rate faster than social media giants: Credit Suisse report
The Credit Suisse report on ChatGPT highlights how the OpenAI software registered 100 million users in just two months, outpacing the likes of TikTok and Instagram in terms of growth rate.
Thu, 23 Mar 2023 20:25:29 +0530
In Pics: A look at some of the loudest sounds ever recorded
The loudest sounds ever recorded are remarkable examples of the immense power and energy that exists in our world. From volcanic eruptions to rocket launches, these sounds can be heard from great distances and have the potential to cause significant damage.
Thu, 23 Mar 2023 19:30:06 +0530
Google has leased over 29 lakh sq ft in Bengaluru over six deals
Six different transactions have been signed by Google India Private Limited and Google Connect Services India where Bagmane Developers is the landlord in five and Table Space in the sixth, documents reveal.
Thu, 23 Mar 2023 19:14:26 +0530
Google has leased over 29 lakh sq ft in Bengaluru over six deals
Six different transactions have been signed by Google India Private Limited and Google Connect Services India where Bagmane Developers is the landlord in five and Table Space in the sixth, documents reveal.
Thu, 23 Mar 2023 19:14:26 +0530
Filmmakers and music companies evince interest in upcoming International Film City
Global music and filmmaking companies such as Sony, Fox and Universal have also shown interest in the project.
Thu, 23 Mar 2023 17:55:44 +0530
Global Surfaces outperforms benchmarks, settles with 22% gains on debut
Global Surfaces | The natural stones processing company traded with a volume of 55.86 lakh shares on the NSE, and 4.36 lakh shares on the BSE.
Thu, 23 Mar 2023 17:37:10 +0530
Global Surfaces outperforms benchmarks, settles with 22% gains on debut
Global Surfaces | The natural stones processing company traded with a volume of 55.86 lakh shares on the NSE, and 4.36 lakh shares on the BSE.
Thu, 23 Mar 2023 17:37:10 +0530
Global Surfaces outperforms benchmarks, settles with 22% gains on debut
Global Surfaces | The natural stones processing company traded with a volume of 55.86 lakh shares on the NSE, and 4.36 lakh shares on the BSE.
Thu, 23 Mar 2023 17:37:10 +0530
Jio-bp to install EV charging stations at Piramal Realty residential projects in Mumbai
Jio-bp has announced that it has installed the first set of EV charging points at Piramal Vaikunth in Thane.
Thu, 23 Mar 2023 17:33:37 +0530
Technical View | Nifty forms tweezer top kind of pattern, indicates possibility of further weakness
Also on the hourly charts, the Nifty50 has formed Double Top kind of pattern, which is also bearish reversal pattern, suggesting southward move for the index.
Thu, 23 Mar 2023 16:58:07 +0530
Upset over HBO divorcing Disney, Indians scramble to find ways to watch Succession’s final season
Many websites have already posted articles on how viewers in India can watch the new episode of Succession through VPN or by downloading a pirated version of the episodes.
Thu, 23 Mar 2023 16:47:29 +0530
India vs Australia ODIs: Lessons for World Cup 2023, from India#39;s 1-2 defeat
Pitches, team composition, left-armers and the No. 4 conundrum - a few issues that India should address ahead of the one-day World Cup, scheduled to be held from October 5 - November 19.
Thu, 23 Mar 2023 16:43:03 +0530
Gainers Losers: 10 stocks that moved the most on March 23
The market snaps a two-day winning streak as 1,424 shares advance, 19,89 decline and 125 shares remain unchanged
Thu, 23 Mar 2023 16:19:09 +0530
As Fed nears rate peak, be careful what you wish for
The central bank’s decision day highlighted the breakdown of correlations between stocks and bonds. That puts its dovish turn in a different light
Thu, 23 Mar 2023 15:59:48 +0530
Taking Stock | Market snaps 2-day winning streak; Sensex down 289 points, Nifty below 17,100
State Bank of India, Asian Paints, HCL Technologies, Kotak Mahindra Bank and Bajaj Auto were among the major Nifty losers. The gainers included Hindalco Industries, Nestle India, Bharti Airtel, Maruti Suzuki and JSW Steel.
Thu, 23 Mar 2023 15:55:48 +0530