Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Bajaj Finserv Mutual Fund has announced the launch of its New Fund Offer (NFO) called the Bajaj Finserv Consumption Fund, opening for subscription on November 8, 2024, and closing on November 22, 2024. This new offering focuses on capitalizing on India’s rapidly expanding consumer market, one of the largest globally, driven by rising disposable income, urbanization, and a growing middle-class population. Here’s a closer look at the details of this fund and what it could offer to long-term investors. Bajaj Finserv Consumption Fund NFO: Key Details The Bajaj Finserv Consumption Fund NFO will be managed by a team of experts,…
Investors seeking both growth and tax benefits often look at Equity Linked Savings Schemes (ELSS) as a solid option. SBI Long Term Equity Fund, an ELSS offered by SBI Mutual Fund, has emerged as a top choice for wealth creation, with returns surpassing 140 times since its inception. With tax advantages and a strong history of high returns, it provides a balanced approach for long-term investors. Let’s break down what makes this fund a top performer and how it has helped many investors build wealth while saving on taxes. What is SBI Long Term Equity Fund? SBI Long Term Equity…
Shares of Afcons Infrastructure Limited, a key engineering and construction company under the Shapoorji Pallonji Group, are witnessing an impressive recovery despite a less-than-ideal stock market debut. After initially being listed at a discount, Afcons Infrastructure stock has rebounded strongly, with prices now hovering close to its IPO value. Listed on the Bombay Stock Exchange (BSE) at Rs.430 and on the National Stock Exchange (NSE) at Rs.426, both below the IPO price of Rs.463, Afcons Infrastructure’s shares initially disappointed short-term investors. However, amid a broader market dip, the stock has climbed back to approximately Rs.462 on BSE, reflecting strong investor…
Investing in mutual funds has become a popular choice for those looking to grow their wealth over the long term. Systematic Investment Plans (SIPs) in particular have made it easier for people to invest small amounts monthly and achieve high returns over time. By investing consistently and allowing the power of compounding to work, SIPs in top-performing mutual funds can help investors achieve significant financial growth. Here, we will discuss five mutual funds that have delivered exceptional returns over the last 10 years, multiplying investments up to 8 times. Let’s explore these funds, their past performance, and the returns they’ve…
As one of India’s top-performing mutual funds, HDFC Mutual Fund’s Flexi Cap Fund has been a notable wealth creator for long-term investors. Launched in January 1995, this scheme has consistently delivered strong returns and is set to complete 30 years of operation in January 2025. For those who started small, such as investing Rs 1,000 monthly through a Systematic Investment Plan (SIP), the fund has grown significantly over the years, with some investors now holding funds worth nearly Rs 2 crore. Here’s a look at the returns, growth patterns, and investment strategy that make the HDFC Flexi Cap Fund a…
For those looking to dive into IPOs, next week is shaping up to be an exciting one. With five significant IPOs, including Swiggy and ACME Solar, hitting the market, investors have plenty to look forward to. These IPOs provide a range of opportunities, from tech to health insurance, offering something for nearly every type of investor. Here’s a closer look at what’s launching and how you can get involved. Major IPO Listings Opening Next Week The main board IPOs will bring forward large companies like Swiggy, ACME Solar, Segility India, and Niva Bupa Health Insurance. Additionally, there’s a smaller offering…
The rise of young entrepreneurs in India’s tech industry has taken the world by storm. These innovators are building startups worth billions, and they’re just in their 20s and early 30s. The Hurun India Rich List 2024 highlights these rising stars, many of whom began their journey by addressing real-world challenges through technology. From quick commerce and education to fintech, these young billionaires are shaping India’s economy in remarkable ways. Here’s a closer look at some of the top young billionaires in India and how their startups are creating both wealth and impact. Zepto’s Founders: Kaivalya Vohra and Adit Palicha…
Investors, get ready for a busy week in the IPO market! With five new initial public offerings (IPOs) launching, there’s a range of options for those looking to diversify their portfolios. Four of these companies will be in the main market, including Swiggy, Acme Solar Holdings, Sagility India, and Niva Bupa Healthcare. The fifth IPO from Neelam Linen will debut in the SME segment. Here’s a closer look at what each company is offering and how they plan to use their IPO funds. 1. Swiggy IPO: The Food Giant’s Big Move Swiggy, the popular food delivery and tech-driven platform, will…
Amid his active involvement in the US presidential campaigns, Elon Musk has once again enforced layoffs at his social media company, X, previously known as Twitter. This recent workforce reduction primarily affects X’s engineering department, with reports indicating that the impacted employees had been asked to summarize their contributions shortly before the layoffs. According to a report from The Verge, employees from X’s engineering team were requested to submit a single-page summary of their work to their leaders two months ago. This summary reportedly played a role in determining stock option eligibility, with those who submitted their contributions now facing…
Private health insurer Niva Bupa Health Insurance Company is gearing up for its ₹2,200 crore initial public offering (IPO), with dates now confirmed. The IPO will open for public subscription on November 7 and close on November 11. Anchor investors can place their bids starting November 6, while the company will announce its price band by November 4. Here’s a rundown of the IPO details, shareholding structure, and Niva Bupa’s recent financial performance. IPO Structure and Share Sale Breakdown The IPO comprises a fresh issue of equity shares worth ₹800 crore and an Offer for Sale (OFS) amounting to ₹1,400…