Wealth Tracker: SIP amount needed to create Rs 10 cr at 60 yrs
Kickstarting your investment journey early can reap benefits, according to this study from FundsIndia. According to them, an analysis of how much money investors should put into monthly SIPs to garner Rs 10 crore at the age of 60 shows interesting insights. For this purpose, they have assumed an annual return rate of 12% p.a.
RIL stock crowned largest wealth creator, Adani Enterprises best all-rounder
Companies helmed by two of India’s most richest men have earned the tag of being the largest and best all-rounder wealth creators for stock investors.
General Atlantic likely to sell 6.2% stake in KFin Tech via block deal: Report
The floor price set for the sale is Rs 490, a discount of 8% to the current market price. On Thursday, shares of the company ended 5.6% higher on the National Stock Exchange at Rs 531.80. The offer size is around Rs 515-833 crore, with 90 days of lock-in, and IIFL Securities is the broker […]
Tech View: Nifty forms long-legged Doji candle. What traders should do on Friday
The near-term trend of the market continues to be positive. There is a possibility of Nifty reaching the important resistance of 21,550 levels, which is 78.6% Fibonacci extension (taken from March bottom, Sept top and Oct bottom) in the coming week. Immediate support is placed at 21,050 levels, said Nagaraj Shetti of HDFC Securities
SAT quashes Sebi penalty against NSE in dark-fibre case
Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange’s former official Anand Subramanian. Further, it has partly set aside the regulator’s order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.
Kotak Equities initiates buy on Eureka Forbes, sees 20% uptick
The DCF-based fair value of the stock is Rs 670 which is valued at 55X 1-year P/FCF, Kotak said.
AIFs deliver 13.5% IRR alpha over Sensex during 2013-2023: CRISIL
This report includes performance comparison of aggregate alternative investment funds or AIF benchmarks including Category I and II equity funds that invest purely in unlisted securities belonging to vintage years fiscal 2013 to 2022, with corresponding public market equivalent (PME) values using the S&P BSE Sensex TRI.
LIC portfolio jumps by Rs 80,000 crore in 50 days as stocks soar up to 200%
Considering publically-available data with bourses, LIC’s equity portfolio has risen by about Rs 80,300 crore to Rs 11.7 lakh crore now. At the end of the September quarter, LIC’s equity portfolio was estimated to be worth around Rs 10.9 lakh crore, shows ACE Equity data.
DOMS Industries IPO subscribed 7 times so far on day 2 of bidding process. Check GMP and other details
DOMS IPO comprises fresh equity issue worth Rs 350 crore along with an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares.
Inox India IPO opens for subscription. Should you apply?
Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. The company has fixed a price band of Rs 627-660, where investors can bid for a minimum of 22 shares in one lot. Under […]