Author: Invest Policy

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…

Rappid Valves (India) Limited is set to launch its Initial Public Offering (IPO) on 23rd September 2024. The engineering company, known for its wide range of valve solutions, is aiming to raise ₹30.41 crore through this public issue. The IPO will remain open for subscription until 25th September, offering investors a limited window to participate. Price Band and Investment Details The price band for the Rappid Valves IPO is set between ₹210 and ₹222 per share. Investors interested in subscribing to the issue will need to apply for a minimum lot size of 600 shares. This translates to a minimum…

The much-anticipated Initial Public Offering (IPO) of Manba Finance, a non-banking finance company (NBFC), is set to open on 23rd September 2024. The company aims to raise Rs 150.84 crore through this public issue, with investors able to subscribe until 25th September. Ahead of the official opening, the grey market has shown a strong demand for the IPO, reflecting positive sentiment among investors. Grey Market Premium (GMP) Signals 50% Gains In the grey market, Manba Finance’s IPO is trading at a premium of Rs 60 as of 22nd September 2024. This premium indicates that shares could potentially list at around…

The Railway Recruitment Board (RRB) has announced its 2024 NTPC (Non-Technical Popular Category) recruitment for 3445 undergraduate posts, offering an excellent opportunity for 12th pass candidates. The application process has already begun, and interested individuals can apply through the official website rrbapply.gov.in. The deadline to complete and submit applications is October 20, 2024. Post-Wise Vacancy Details for RRB NTPC Recruitment There are a variety of roles available, each with a designated number of vacancies. Here’s a breakdown of the positions and their details: All these posts fall under the undergraduate category, and candidates between the ages of 18 and 33…

Bajaj Holdings & Investment Limited (BHIL), a key company in the Bajaj Group, has declared an interim dividend of ₹65 per share for the financial year 2024-25. This news follows the company’s board meeting held on 12 September 2024. The record date to determine which shareholders will be eligible to receive the dividend has been set as 25 September 2024. Dividend Details and Dispatch Date All shareholders who have their names listed in the company’s Register of Members or as beneficial owners with depositories by 25 September 2024 will be eligible for this dividend payout. BHIL has also informed the…

The Indian government is gearing up to start preparing the budget for the financial year 2025-26. This process, led by the Finance Ministry, will begin in the second week of October 2024. The budget will emphasize critical issues like employment generation, increasing demand, and reforms to maintain the growth momentum of the economy. India has recorded growth of over 7% for four consecutive financial years, and the upcoming budget aims to keep this progress going. Pre-Budget Meetings to Begin in October The Department of Economic Affairs has issued the Budget Circular 2025-26, marking the official start of budget preparations. Pre-budget…

Most of us use ATM cards every day, whether it’s for withdrawing money, making purchases, or paying bills. Thanks to initiatives like the Pradhan Mantri Jan Dhan Yojana and RuPay cards, ATM cards have become an essential part of our financial lives. However, many people are unaware that ATM cards also come with free insurance coverage, including accidental and life insurance, without requiring any premium payment. If you’ve been using your ATM or debit card regularly, you may be eligible to claim insurance benefits in case of an accident or untimely death. This insurance is offered automatically when you receive…