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.
The year 2024 was a rollercoaster for the Indian stock market, leaving many investors disappointed. The last quarter was particularly tough, with sharp declines impacting stock portfolios. Mutual fund investors, too, faced a challenging year, as several schemes posted negative returns. Let’s take a closer look at five mutual fund schemes that underperformed last year, causing losses for investors. 1. Quant Quantamental Fund’s Poor Performance The Quant Quantamental Fund saw an XIRR (Extended Internal Rate of Return) of -9.61% in 2024. SIP (Systematic Investment Plan) investors faced significant losses: 2. Quant Consumption Fund’s Negative Returns The Quant Consumption Fund delivered…
The government’s announcement to revamp the income tax system in India was one of the key highlights of the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman on July 23. The finance minister had declared plans to replace the outdated Income Tax Act, 1961, with a simpler and more modern tax code. This ambitious move was expected to bring sweeping changes to India’s taxation framework. However, sources now indicate that the implementation of these new laws is likely to be delayed beyond 2025. Why the New Tax Code Needs More Time A senior official has shared that the transition…
The public issue of DAM Capital Advisors Limited, led by veteran investment banker Dharmesh Mehta, has concluded with an impressive response. This IPO, valued at ₹840.25 crore, closed on December 23, 2024, after being subscribed 81.88 times overall. With allotment finalization expected today, December 24, 2024, investors are keenly watching for updates. Let’s delve into the subscription details, gray market premium (GMP) trends, and how you can check your allotment status. Strong Subscription Reflects High Demand The DAM Capital IPO garnered significant interest across investor categories: The overwhelming subscription numbers indicate strong investor confidence in the company’s growth potential and…
The eagerly awaited share allotment for Mamata Machinery Limited is expected to be finalized today, December 24, 2024. Investors who applied for this high-demand IPO can now check the status of their allotment. With the overwhelming response it received and a gray market premium (GMP) signaling massive listing gains, the anticipation is at an all-time high. Here’s everything you need to know about the IPO allotment, GMP, and how to check your allotment status. A Record-Breaking IPO Subscription Mamata Machinery’s IPO has created quite a buzz in the market. The company, known for manufacturing packaging machinery, has seen immense interest…
In a shocking turn of events, UnitedHealthcare CEO Brian Thompson was shot and killed outside the New York Hilton Midtown Hotel on Wednesday morning. The 50-year-old was in the city to attend an investor conference hosted by UnitedHealth Group. The tragic incident has sent shockwaves through the global business and healthcare communities. The Incident: What Happened? According to the New York Police Department (NYPD), the attack occurred around 6:46 a.m. when Thompson was shot multiple times by a masked man. The assailant, standing approximately 20 feet away, fired bullets directly at Thompson’s chest before fleeing the scene. Despite being rushed…
EaseMyTrip (EMT) is navigating a challenging path as it struggles to maintain its market share in the highly competitive online travel agency (OTA) space. Despite efforts to diversify its business model, the company’s focus on acquisitions and expansion into non-core segments raises questions about its long-term strategy. Declining Market Share and Competitive Pressures EaseMyTrip’s market share has been under continuous pressure, as evidenced by its declining Gross Booking Revenue (GBR). Comparatively, market leader MakeMyTrip has shown robust growth, outpacing EMT significantly. While EMT’s GBR share in its revenue mix has improved due to higher commissions from hotel bookings, the overall…
The yield on India’s 10-year government bonds has dropped to its lowest level in almost three years, creating ripples across financial markets. This decline, occurring just ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting scheduled from December 4 to 6, has sparked discussions about potential policy changes, including interest rate cuts and liquidity measures. Bond Yield Trends: 10-Year Yield Falls Below 6.7% As of Wednesday morning, the yield on 10-year government bonds stood at 6.6928%, marking a dip from the previous close of 6.7121%. At one point, it fell even further to 6.6886%, the lowest…
SBI Mutual Fund, one of India’s largest and most trusted mutual fund houses, has launched its latest New Fund Offer (NFO) – the SBI Quant Fund. Open for subscription from December 4 to December 18, 2024, this fund brings a unique quant-based investment approach to equity funds. Aimed at delivering long-term capital appreciation, the SBI Quant Fund uses mathematical models to make unbiased investment decisions, moving beyond traditional methods reliant on fund managers’ intuition. What is a Quant-Based Fund? Quant-based funds are built on a systematic, data-driven approach to investing. Instead of relying solely on the judgment of fund managers,…
The United States has long held its position as a global superpower, commanding respect in political, economic, and strategic arenas. However, recent trends reveal a shift in perceptions among experts. While America’s political and diplomatic dominance faces growing skepticism, its financial markets are drawing unprecedented confidence from global investors. Unmatched Confidence in American Financial Markets Despite concerns in other areas, the U.S. financial markets continue to outperform. Investors are increasingly viewing America as a secure and lucrative destination for their money. The performance of U.S. stock markets far surpasses that of other nations, with the U.S. contributing nearly 70% to…
A Sub Divisional Magistrate (SDM) plays a crucial role in India’s administrative system. While District Magistrates (DMs) manage districts, SDMs are responsible for overseeing administrative tasks at the tehsil level. They act as a vital link in dividing a district into manageable sub-divisions to ensure efficient governance. The SDM’s position is held by either a junior Indian Administrative Service (IAS) officer or a senior State Civil Service (PCS) officer. In states like Kerala and Tamil Nadu, SDMs are often referred to as Sub Collectors. Primary Responsibilities of an SDM SDMs have diverse responsibilities, from administrative tasks to public welfare. Their…