Author: Invest Policy

The Indian Travel and Tourism sector, which plays a significant role in the country’s economy, is facing a slow recovery, even after the pandemic. Once a booming industry, employing nearly 8 crore people directly and indirectly in 2019-20, the sector is yet to see a return of foreign tourists in large numbers. Industry experts and tourism bodies have urged the government to extend financial aid to revive the sector. Fewer Foreign Tourists Are Visiting India Post-Pandemic In the years just before the Covid-19 pandemic, India was a popular destination for foreign tourists. Official government figures show that 1.05 crore foreign…

Recent developments in the global economy have sparked renewed interest in IT company stocks. Following the US Federal Reserve’s decision to reduce the interest rate by 50 basis points, investors are hoping that IT companies may benefit from increased spending on technology and new deals. However, according to brokerage firm Jefferies, this optimism should be tempered with caution. IT Management Cautions Against High Hopes While the reduction in interest rates may lower borrowing costs and improve cash flow for companies, the leadership of major Indian IT firms like HCL Tech, Tech Mahindra, and LTIMindtree remains cautious. Jefferies’ latest report indicates…

There is big anticipation in the IPO market as three companies—Western Carriers, Arkade Developers, and Northern Arc Capital—are set to list their shares on September 24, 2024. All three IPOs have garnered substantial interest from investors, with strong oversubscriptions and high activity in the grey market. Let’s take a look at the key details of each IPO, including their subscription status, grey market premium (GMP), and expected listing gains. Western Carriers IPO: Steady Demand from Investors Subscription Status Western Carriers’ IPO, with a size of Rs 492.88 crore, saw solid investor demand. By the close on September 19, the issue…

India’s market regulator, SEBI, has given the green light to Mobikwik and Waaree Energies to raise funds through Initial Public Offerings (IPOs). Both companies received the approval after SEBI issued observation letters on September 19, allowing them to launch their IPOs within the next year. Mobikwik, a leading fintech company, is set to raise ₹700 crore through its IPO, while Waaree Energies, a solar energy firm, will raise ₹3000 crore. Let’s break down what each company plans to do with the funds they raise and how it will impact their growth and operations. Mobikwik Plans Big: Where Will the ₹700…

If you’re looking to save tax and generate high returns, investing in Equity Linked Savings Schemes (ELSS) can be a great option. Several 5-star rated ELSS funds have delivered impressive returns over the past five years, multiplying investors’ capital by three to five times. Additionally, these funds have provided up to 250% absolute returns on investments made through Systematic Investment Plans (SIP). Why Invest in 5-Star Rated ELSS Funds? ELSS funds offer a dual advantage—tax savings and long-term wealth creation. Under Section 80C of the Income Tax Act, you can claim a tax deduction of up to ₹1.5 lakh annually…

HDFC Bank has kicked off the process for the much-anticipated IPO of its subsidiary, HDB Financial Services. As one of the leading non-banking financial companies (NBFCs) in India, HDB Financial operates under the regulations set by the Reserve Bank of India (RBI), which require large NBFCs to be listed by September 2025. With the recent board approval to issue new shares worth Rs 2,500 crore, the listing also includes an offer for sale where existing investors will sell their shares. HDFC Bank’s Dominant Stake in HDB Financial HDFC Bank holds an impressive 94.6% stake in HDB Financial, which means the…

Mutual funds have become a favourite among many Indian investors due to their potential for better returns and lower risk. However, a specific category of mutual funds, known as Fund of Funds (FOFs), has also caught the attention of investors. While both options aim to grow your money, they work quite differently. So, what exactly sets Fund of Funds apart from regular mutual funds? Should you consider investing in them, or is a standard mutual fund a better option? Let’s break down the key differences and help you understand which investment might suit you best. What Exactly is a Fund…

IIFL Finance is preparing to list two of its key subsidiaries—IIFL Home Finance and Samasta—within the next 18 months. Nirmal Jain, the co-founder and managing director of IIFL Finance, revealed the company’s plans in an exclusive interview. These potential listings are aimed at minimizing business risks after regulatory challenges faced earlier this year. Regulatory Setbacks Prompt IPO Move The idea of listing the housing finance and microfinance arms emerged after IIFL faced significant setbacks. In March 2024, the Reserve Bank of India (RBI) imposed a ban on IIFL’s gold loan business, which led to a sharp decline in its gold…

Mutual funds have proven to be a rewarding investment option for those with long-term financial goals. Recently, three mutual fund schemes completed 21 years since their launch, delivering impressive returns. Investors who consistently invested through a Systematic Investment Plan (SIP) of ₹10,000 every month in these funds have seen their investments grow to as much as ₹2 crores. These funds have offered annualized returns of up to 18%, highlighting their strength in wealth creation over time. Let’s take a closer look at these three schemes and how they’ve rewarded patient investors. 1. Nippon India Banking & Financial Services Fund Nippon…

From October 1, 2024, the Securities Transaction Tax (STT) on Futures and Options (F&O) trading is set to increase. This change was announced by Finance Minister Nirmala Sitharaman in Budget 2024, aiming to control the rapid rise in speculation in the derivatives market. For traders and investors, it’s important to understand how these changes will affect your trades and overall strategy. What is Securities Transaction Tax (STT)? Securities Transaction Tax (STT) is a tax imposed on the purchase and sale of securities, including shares, futures, and options. Stock exchanges collect this tax at the time of the transaction, and it’s…