SJVN, Manappuram Finance Among Stocks Trading Ex-Dividend Today

Several companies, including SJVN Ltd and Manappuram Finance Ltd, will trade ex-dividend on February 21, 2025. Investors who purchased these shares before the record date are eligible for dividend payouts.

SJVN Ltd

SJVN has approved an interim dividend of ₹1.15 per share for the financial year 2024-25. The record date for eligibility is February 21, 2025, and the dividend payment will commence from March 6, 2025.

Manappuram Finance Ltd

Manappuram Finance has declared an interim dividend of ₹1 per share on a face value of ₹2. The record date is February 21, 2025, and the company will pay the dividend on or before March 14, 2025.

The Bombay Burmah Trading Corporation Ltd

The Bombay Burmah Trading Corporation has announced an interim dividend of ₹13 per share (650% on a face value of ₹2). The record date is February 21, 2025, and the dividend will be distributed within the stipulated timeline.

Procter & Gamble Health Ltd

Procter & Gamble Health has declared an interim dividend of ₹80 per share on a face value of ₹10. The record date for eligibility is January 31, 2025, and the dividend will be paid by March 7, 2025.

Cantabil Retail India Ltd

Cantabil Retail has announced an interim dividend of ₹0.50 per share at a rate of 25% on the face value of ₹2 per share.

Career Point Ltd

Career Point has declared its third interim dividend of ₹1 per share (10% on a face value of ₹10 per share) for the financial year 2024-25. The dividend will be paid by March 13, 2025.

Firstsource Solutions Ltd

Firstsource Solutions has approved an interim dividend of ₹4 per share (40%) on its paid-up capital for the financial year ending March 31, 2025.

India Nippon Electricals Ltd

India Nippon Electricals has announced an interim dividend of ₹12.50 per share on a fully paid-up equity share of ₹5 each for FY 2024-25.

Kirloskar Oil Engines Ltd

Kirloskar Oil Engines has declared an interim dividend of ₹2.50 per share (125%) on a face value of ₹2 per share.

Meera Industries Ltd

Meera Industries has declared its second interim dividend of ₹0.50 per share (5%) on a face value of ₹10 per share for FY 2024-25.

Modison Ltd

Modison has announced an interim dividend of ₹1.50 per share (150%) on a face value of ₹1 per share for FY 2024-25.

Nirlon Ltd

Nirlon has approved an interim dividend of ₹15 per share (150%) on a face value of ₹10 per share for FY 2024-25.

QGO Finance Ltd

QGO Finance has declared its third interim dividend of ₹0.15 per share (1.5%) on a face value of ₹10 per share for the quarter ending December 31, 2024.

Sandesh Ltd

Sandesh has announced an interim dividend of ₹2.50 per share (25%) on a face value of ₹10 per share for the financial year 2024-25.

These dividends will be distributed as per the timelines set by the respective companies.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Stocks to Watch on February 21, 2025: Religare, Vedanta, Tata Motors and More in Focus

Indian stock markets are expected to be impacted. As of 7:32 AM, GIFT Nifty futures were down by 89.5 points at ₹22,852.5. In the previous session, the BSE Sensex fell by 203.22 points (0.27%) to ₹75,735.96, while the NSE Nifty50 dropped 19.75 points (0.09%) to ₹22,913.15.

Here are key stocks to watch today: 

Religare Enterprises

The Burman family has taken control of Religare and plans to work with the leadership team and board to strengthen the company’s strategic growth and create long-term value.

Vedanta

Shareholders and creditors have approved Vedanta’s demerger plan, which will split the company into five separate entities.

Sun Pharma

Sun Pharma is seeking shareholder approval for related-party transactions (RPTs) worth nearly $1 billion for FY26. These transactions involve Sun Pharma’s subsidiaries, including Taro Pharmaceuticals (Canada, Israel, and the US).

Tata Power

Tata Power has partnered with Amazon Web Services (AWS) to modernise its digital infrastructure and improve smart energy management for consumers in India.

Tata Motors

Tata Motors is celebrating the milestone of 200,000 electric vehicle (EV) sales by offering special discounts for 45 days. Customers can get:

  • Exchange bonus up to ₹50,000
  • 100% on-road financing with zero down payment

Adani Group Stocks

Adani Group has assured investors that it has sufficient cash reserves to meet debt obligations. The company achieved record pre-tax profits in the 12 months ending December 2024.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Angel One Nifty Total Market ETF vs. Index Funds: Which is Right for You?

Investors looking for passive investment options often choose between Exchange-Traded Funds (ETFs) and index funds. While both aim to track a specific index, they differ in structure, trading mechanism, and costs. The newly launched Angel One Nifty Total Market ETF provides exposure to 750 stocks across different market caps, making it one of India’s most diversified ETFs. But how does it compare to traditional index funds? This article explores the key differences, advantages, and drawbacks of each to help you make an informed decision.

Nifty Total Market ETF

Until recently, no ETF tracked the Nifty Total Market Index, which consists of 750 stocks spanning large-cap, mid-cap, small-cap, and micro-cap segments. This makes it one of India’s most diversified ETFs, covering nearly the entire listed equity market.

Angel One Mutual Fund has launched two new funds that use the Nifty Total Market TRI as their benchmark. The New Fund Offer (NFO) is available from February 10 to February 21, 2025, providing investors an opportunity to invest in a broad-market index.

Understanding Index Funds

An index fund is designed to mimic the performance of a specific market index. By investing in index mutual funds, investors gain access to a diversified portfolio that mirrors the composition of an index like the Nifty 50. A key advantage of index funds is their low-cost structure, as they generally have lower fees compared to actively managed funds. Additionally, they offer broad market exposure without requiring investors to pick individual stocks, making them a preferred option for long-term passive investing.

Differences Between ETFs and Index Funds

ETFs and index funds are 2 primary avenues of passive investing. 

Key Differences Between Index Funds and ETFs

Feature Index Funds ETFs
Underlying An index or a modified version An index or a modified version
Mode of Investing Like any mutual fund Bought/sold like stocks
Minimum Investment Generally ₹100 or ₹500 1 unit
Requisites KYC KYC and a demat/trading account
Liquidity Not an issue Can be low for certain ETFs

Pros and Cons of Investing in Exchange-Traded Funds (ETFs)

Pros of Investing in ETFs

  • Real-time Trading – Unlike mutual funds, ETFs can be traded anytime during market hours at prevailing prices.
  • Index-based Investing – ETFs track an index (e.g., Angel One Nifty Total Market ETF invests in all Nifty Total Market stocks), ensuring diversification.
  • Lower Costs – ETFs usually have lower expense ratios compared to actively managed mutual funds.
  • No Fund Manager Bias – Since ETFs track an index, they eliminate the risk of poor fund manager decisions.

Cons of Investing in ETFs

  • Brokerage & Other Charges – Buying and selling ETFs incur brokerage and other trading costs.
  • Minimum Investment in Whole Units – ETFs can only be bought in full units, unlike mutual funds, where fractional units are allowed.
  • Liquidity Issues – Some ETFs have low trading volumes, making it difficult to buy or sell large quantities.
  • Price Variations – ETF prices depend on demand and supply, which may cause slight differences from NAV.

ETFs offer flexibility and transparency but may have liquidity challenges. They are best suited for long-term investors seeking equity exposure with minimal risk.

Pros and Cons of Investing in Index Funds

Index funds are a simple way to invest in the stock market by tracking a specific index. Here are the key advantages and disadvantages:

Pros of Index Funds

  • Easy Diversification – One investment gives exposure to multiple stocks, reducing risk.
  • Low Cost – Expense ratios are lower compared to actively managed mutual funds.
  • Ideal for Beginners – Simple investment option with minimal decision-making required.
  • No Fund Manager Risk – Passively managed, so fund manager decisions do not impact returns.

Cons of Index Funds

  • No Outperformance – Returns are limited to how the index performs, with no chance of beating the market.
  • Limited Choices – Fewer options compared to actively managed mutual funds.
  • Tracking Error – The fund’s returns may slightly differ from the index due to costs and other factors.

Index funds can be a ideal choice for long-term investors who want a low-cost, hands-off investment approach.

Conclusion

Both ETFs and index funds offer passive investing benefits, but the right choice depends on your needs. Angel One Nifty Total Market ETF provides real-time trading and broader market exposure, while index funds offer ease of investing without requiring a demat account. If you prefer liquidity and flexibility, ETFs may suit you, whereas index funds are ideal for hassle-free, long-term investing.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Tata Power Share Price Soars 5% After AWS Partnership for Digital Transformation

Tata Power share price surged 5% from the day’s low on February 20 after the company announced a strategic partnership with AWS (Amazon Web Services). This collaboration aims to modernise Tata Power’s digital infrastructure and support India’s transition to cleaner and smarter energy solutions.

Partnership with AWS for Digital Transformation

Tata Power has teamed up with AWS to improve energy management using advanced digital technologies. The company plans to use cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) to enhance grid stability, automate processes, and improve efficiency in power supply and demand management.

Migrating to the Cloud for Better Efficiency

Tata Power has moved 23 key applications to AWS to strengthen its digital capabilities, using Amazon Elastic Kubernetes Service (EKS). This transition helps the company improve scalability, security, and real-time operations across power generation, renewable energy, grid management, sales, and finance.

Optimising Energy Transactions with AI and IoT

Tata Power has adopted AWS Step Functions, a serverless architecture that enhances grid operations and energy transactions based on changing demand. This ensures smoother and more efficient power distribution.

Real-Time Data for Smarter Power Management

Tata Power has built 2 specialised data lakes for power generation and renewable energy. These collect real-time data from solar and wind farms, smart meters, and IoT devices. Using AWS Glue, this data is processed and stored in Amazon S3, enabling AI-powered analytics for predictive maintenance, grid optimisation, and demand forecasting.

This partnership marks a major step in Tata Power’s journey toward a smarter and more efficient energy ecosystem.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Key Economic Data to Watch on February 21: PMI, Forex Reserves and MPC Minutes

India’s economy is showing steady growth, with real GDP expected to rise by 6.4% in FY25, supported by strong agricultural and service sectors. Fiscal discipline, a trade surplus in services, and growing remittances have contributed to economic stability, as highlighted in the Economic Survey 2024-25. The government’s fiscal policies and monetary strategies are now focused on boosting economic growth, as per reports.

On February 21 (Friday), several important economic indicators will be released, shaping the country’s growth outlook. These include manufacturing and services PMI data, foreign exchange reserves, and the Monetary Policy Meeting (MPC) Minutes.

Manufacturing PMI Data

The HSBC Flash Manufacturing PMI will be released on February 21. In January, India’s manufacturing activity showed a strong recovery, with the PMI rising to 57.7—its highest level in 6 months. This was a notable improvement from December’s 12-month low of 56.4.

Services PMI Data

India’s services PMI will also be released on February 21. In January, service providers reported slower growth, with the index falling to 56.5 from 59.3 in December, marking its lowest level since November 2022.

Foreign Exchange Reserves

India’s forex reserves have been steadily rising. The RBI reported that reserves increased by $1.51 billion, reaching $658.091 billion by November 29. As of January 31, forex reserves stood at $630.6 billion. The latest data will be released on February 21.

MPC Meeting Minutes

The minutes of the last Monetary Policy Committee (MPC) meeting will be published on February 21. In December, 2 members suggested reducing the repo rate by 25 basis points (bps) to 6.25%, citing slowing economic growth and easing inflation. During the February meeting, the RBI cut the key interest rate by 25 bps to 6.25%, maintaining a neutral policy stance.

These economic updates will provide insights into India’s financial health and future policy direction.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

LIC New Smart Pension Plan: Key Details Explained

Life Insurance Corporation of India (LIC) has introduced the New Smart Pension Plan, a non-linked, non-participating individual savings annuity plan. This single premium immediate annuity plan offers multiple options to suit different financial needs.

If you are considering investing in this retirement scheme, here are the key details:

Can You Buy It with Someone Else?

Yes, you can opt for a Joint Life annuity with a family member. This includes grandparents, parents, children, grandchildren, spouse, siblings, or parents-in-law.

Is the Annuity Guaranteed?

Yes, the annuity rates are fixed at the time of purchasing the policy and remain unchanged.

What Are the Available Options?

The plan offers various options, including:

  • Liquidity option (allows withdrawals under specific conditions)
  • Advanced annuity option (offers higher initial payouts)
  • Annuity accumulation option (allows gradual growth of annuity)

What Are the Death Benefit Payout Options?

In case of the policyholder’s passing, the nominee can receive the death benefit in 3 ways:

  • Lump sum payment
  • Annuitisation of the death benefit (using the amount to continue receiving annuity)
  • Installment payments over a fixed period

What Are the Available Annuity Options?

For Single Life, 14 different annuity options exist, including:

  • Life annuity (payouts continue as long as the policyholder is alive)
  • Annuity certain for 5/10/15 years and life thereafter (fixed period payouts, then lifetime annuity)

For Joint Life, there are 7 different options that ensure annuity payments continue even after the death of one policyholder.

Can You Change the Annuity Option Later?

No, once selected, the annuity option cannot be modified.

What Are the Minimum and Maximum Purchase Prices?

  • Minimum purchase price: ₹1 lakh
  • No upper limit on the maximum purchase price

What Is the Minimum Annuity?

  • ₹1,000 per month
  • ₹3,000 per quarter
  • ₹6,000 per half-year
  • ₹12,000 per year

How Is the Premium Paid?

The premium is paid as a single lump sum at the time of purchase. Annuity payouts can be received:

  • Monthly
  • Quarterly
  • Half-yearly
  • Yearly

This plan ensures a steady income stream during retirement, offering flexibility and security for policyholders.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Rajasthan Budget 2025-26: Key Announcements on Jobs, Power, and Infrastructure

Rajasthan Deputy Chief Minister and Finance Minister Diya Kumari presented the state budget for 2025-26, introducing major initiatives to boost employment, infrastructure, and electricity access. The government aims to improve connectivity, support farmers, and enhance basic amenities across the state.

Power Sector: Free Electricity and New Connections

  • The government will provide 5 lakh new domestic electricity connections and 5,000 power connections for agricultural use.
  • Eligible households will receive 150 units of free electricity per month.
  • Solar panels will be installed in homes to promote renewable energy.

Employment: 1.25 Lakh Government Job Openings

  • The government plans to recruit 1.25 lakh people in various state departments and public sector undertakings.

Infrastructure Boost: Greenfield Expressways and Road Projects

  • The state will build 9 greenfield expressways at an estimated cost of ₹60,000 crore to improve connectivity and boost economic growth.
  • Over 9,600 km of new roads have been constructed, while 13,000 km of existing roads have been upgraded.
  • 15 ring roads will be built in key cities, including Jhalawar, Dungarpur, Jaisalmer, and Balotra.
  • 21,000 km of roads will be developed under the Bharatmala Project with an investment of ₹6,000 crore.

Jaipur Metro Expansion and Urban Mobility

  • A new phase of the Jaipur Metro will be developed to enhance public transport.
  • BRTS (The Bus Rapid Transit System) will be removed to ease traffic congestion.

Water Supply: ₹400 Crore for New Drinking Water Connections

  • The government has allocated ₹400 crore to provide new drinking water connections, improving access to clean water for households.

Economic Growth & Capital Investment

  • Rajasthan aims to become a $350 billion economy by 2030.
  • The state’s GDP is projected to exceed ₹19.89 lakh crore in 2025-26.
  • Capital expenditure has increased by over 40% in a short period.

Regional Development Funds

  • The government will grant ₹10 crore per assembly constituency and ₹15 crore for desert regions to support local development initiatives.

These budget initiatives aim to strengthen Rajasthan’s economy, improve infra, and enhance the quality of life for its residents.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RBI Report: Union Budget Strikes Balance Between Fiscal Discipline and Growth

The Reserve Bank of India (RBI) staff has released a report stating that the Union Budget 2025-26 (FY26) effectively balances fiscal consolidation and economic growth. The Budget sets a fiscal deficit target of 4.4% of GDP, lower than the revised estimate of 4.8% for FY25. This aligns with the government’s goal of keeping the deficit below 4.5% by FY26.

Long-Term Fiscal Goals and Debt Reduction

Starting from FY27, the government plans to keep the fiscal deficit in check to reduce the public debt-to-GDP ratio. The goal is to bring this ratio down to around 50% by March 2031. For FY25, the government’s outstanding debt is expected to decline to 56% of GDP from the previous estimate of 57.1%.

Focus on Growth and Development

The Budget aims to accelerate economic growth while promoting inclusive development. Key areas of focus include boosting private sector investments, improving household confidence, and increasing the spending power of the middle class.

Tax Relief to Support Consumption and Investment

A tax relief package worth ₹1 trillion is expected to increase household disposable income. This move is likely to encourage more spending, savings, and investment, ultimately benefiting the overall economy.

Fiscal Deficit Reduction Plan

The fiscal deficit reduction to 4.4% of GDP in FY26 is planned through controlled revenue spending (11% of GDP) and maintaining capital expenditure (capex) at 3.1% of GDP. Additionally, the government aims to increase gross tax revenue to 12% of GDP to support fiscal consolidation.

Commitment to Sustainable Fiscal Policies

Looking ahead, the government has stated that it will maintain a fiscal deficit strategy that helps lower the Centre’s debt-to-GDP ratio to around 49-51% by March 2031.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

8th Pay Commission Explained: Fitment Factor, Salary Hike and Key Updates

The Central government has confirmed the formation of the 8th Pay Commission, bringing hopes of a salary increase for its employees. Union Minister Ashwini Vaishnaw announced that Prime Minister Narendra Modi has approved the commission’s establishment. While the exact financial impact is yet to be disclosed, the commission is expected to be set up by 2026 as the 7th Pay Commission’s term ends that year.

There are 4.9 million Central government employees and around 6.5 million pensioners who are eagerly waiting for updates on salary and pension revisions. The 7th Pay Commission was established in 2016, and its recommendations have been followed since then.

Expected Salary Hike and Fitment Factor

Experts predict that the fitment factor, which determines the salary increase, could be set between 2.28 and 2.86. This means government employees may see a 40-50% hike in their salaries.

In past pay commissions, the fitment factor has steadily increased. For instance:

  • 6th Pay Commission: Fitment factor of 1.86
  • 7th Pay Commission: Fitment factor of 2.57, leading to a 23.55% average salary hike

With the 8th Pay Commission, experts believe the fitment factor could range between 2.6 and 2.85, significantly impacting salaries and pensions.

Impact on Salary and Pension

If the fitment factor is between 2.6 and 2.85, basic salaries could rise by 25-30%, along with proportional pension increases. For example:

  • An employee currently earning ₹20,000 as basic pay may see an increase to ₹46,600 – ₹57,200.
  • The minimum basic salary is expected to exceed ₹40,000.
  • Pensioners will also benefit, with the minimum pension possibly rising to ₹18,720.

If the fitment factor is 2.0, the lowest basic salary may increase to ₹36,000 (a 100% hike). Similarly, if it is 2.08, the salary could go up to ₹37,440 (a 108% increase).

Implementation Timeline

The next step involves forming a committee that will study and finalise recommendations. Reports suggest that committee members may be named by the end of this month. The full implementation is expected by January 2026, once the recommendations are reviewed and approved by the government.

Conclusion

The 8th Pay Commission could bring a major salary boost for Central government employees and pensioners. With a fitment factor of up to 2.86, salary hikes of 40-50% are anticipated. The government is expected to provide more updates soon as employees and pensioners eagerly await details on the revised pay structure.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IRCTC, P&G Health, ESAB Among 5 Stocks Trading Ex-Dividend Today

Several dividend-paying stocks, including IRCTC, Procter & Gamble Hygiene & Health Care, AVT Natural Products, ESAB India, and Shivalik Bimetal Controls, will trade ex-dividend today, February 19.

Record Date and Dividend Eligibility

February 19 has been set as the record date to determine eligible shareholders who will receive dividends. Investors who purchased shares before this date will be listed as eligible shareholders under the T+1 settlement system.

Dividend Payout Details

Indian Railway Catering and Tourism Corporation (IRCTC) 

Indian Railway Catering and Tourism Corporation (IRCTC) has declared a second interim dividend of ₹3 per share for FY 2024-25, with February 20, 2025, as the record date.

Procter & Gamble Hygiene & Health Care Ltd 

Procter & Gamble Hygiene & Health Care has announced an interim dividend of ₹110 per share with a face value of ₹10. The dividend will be paid on or before March 7, 2025.

AVT Natural Products Ltd 

AVT Natural Products has declared an interim dividend of ₹0.30 per share (30%) for FY 2024-25.

ESAB India Ltd 

ESAB India Ltd has announced a second interim dividend of ₹23 per share (230%) for FY 2024-25. The total dividend payout amounts to ₹35.40 crore before tax, and the payment is scheduled for March 7, 2025.

Shivalik Bimetal Controls Ltd 

Shivalik Bimetal Controls has declared an interim dividend of ₹1.20 per share (60%). The record date has been set as February 20, 2025, and the dividend will be paid within the timeline specified under the Companies Act 2013.

These dividends provide investors with additional returns, making these stocks attractive for dividend seekers. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.