Author: Invest Policy

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…

If you’re looking for an opportunity to invest in public sector banks, Mirae Asset Mutual Fund’s latest offering could be just what you need. The Mirae Asset Nifty PSU Bank ETF is a newly launched scheme that aims to provide investors with focused exposure to government-owned banks. With the new fund offer (NFO) opening on September 24, 2024, and closing on September 30, 2024, this ETF is designed to take advantage of the rising stock prices of public sector banks. Key Details of the NFO The ETF will track the performance of the Nifty PSU Bank Index, which includes top…

Investors who focus on steady growth and regular income often look to dividend yield mutual funds. In the last year, these funds have given impressive returns, with LIC MF’s Dividend Yield Fund offering over 60% profit. Several other funds have also provided excellent returns, ranging between 43% and 53%. But what’s behind their success, and are these funds a good fit for your portfolio? Let’s explore their performance and features in detail. LIC MF Dividend Yield Fund: The Star Performer LIC Mutual Fund’s Dividend Yield Fund has topped the list with a return of 60.43% on its direct plan and…

In a recent turn of events, the proxy advisory firm InGovern has raised serious concerns about the delay in the Annual General Meeting (AGM) of Religare Enterprises, urging the Securities and Exchange Board of India (SEBI) to investigate the matter. The delay in holding the AGM has raised questions about corporate governance and the protection of shareholder rights, given that Religare is a publicly listed company. Concerns Around Governance and Shareholder Rights InGovern, known for its focus on shareholder activism and corporate governance, highlighted the lack of transparency surrounding the postponement. The firm pointed out that Religare did not provide…

WOL 3D India Limited, a leader in 3D printing solutions, is launching its Initial Public Offering (IPO) on September 23, 2024. The company aims to raise ₹25.56 crore through this public issue. The IPO will remain open for subscription till September 25, offering investors a chance to participate in the growing 3D printing industry. IPO Details: Price Band and Share Distribution The price band for the WOL 3D IPO has been set at ₹142-150 per share. Investors can apply for a minimum lot size of 1,000 shares, which means a minimum investment of ₹150,000 for retail participants. The company has…