How to Get Refund from BluSmart Wallet?

Following the market regulator SEBI’s decision on Gensol Engineering founder backed BluSmart, a cab services provides has temporarily paused its services in key Indian cities including Delhi NCR, Mumbai, and Bengaluru. The co-founders, Anmol Singh Jaggi and Puneet Singh Jaggi also the promoters of Gensol Engineering.

Impact on BluSmart Operations and Users

Since Wednesday, April 16, 2025, BluSmart users have reported being unable to schedule rides through the app. Booking services have ceased in major zones like Delhi Airport and certain areas of Gurugram. While the app remains available for download, its functionality appears restricted, and many users are now exploring alternative travel options.

How to Request a Refund from the BluSmart Wallet?

For users with existing balances in their BluSmart wallets, the company has provided a way to initiate a withdrawal:

  1. Open the BluSmart app.
  2. Tap the menu icon and navigate to the Help section.
  3. Select Blu Wallet from the list.
  4. Scroll down to the section that asks,“Does this resolve your issue?” and select the thumb-down icon.
  5. This opens a channel to contact customer support and submit a refund request.

Refunds may take approximately 5–7 business days to reflect in your original payment source.

Also Read: Gensol Engineering Shares Lower Circuit; Anmol Singh Jaggi Resigns Amid SEBI Probes

Background on the SEBI-Gensol Probe

BluSmart’s ties to Gensol Engineering have come under scrutiny due to SEBI’s findings that the Jaggi brothers allegedly diverted public company funds for personal and unrelated use. The ₹262 crore in question was part of a government-backed loan issued by IREDA and Power Finance Corporation to support Gensol’s EV acquisitions. These developments have cast uncertainty over BluSmart’s operations and future prospects.

 

 

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.

Why BSE Sensex Soared for 5th Straight Session?

On April 21, 2025, Indian stock markets rallied for the 5th straight session, fuelled by trade hopes and strong bank earnings. The BSE Sensex soared as much as 879 points intraday, touching a high of 79,432.78. At 12:40 PM, the 30-share Sensex stood at 79,604.44, up 1.34% from Thursday’s close of 78,553.20.  

Indian stock markets continued their upward momentum driven by optimism over a potential trade deal with the United States, robust quarterly results from top private banks, and renewed buying interest from foreign investors. 

What’s Driving the Market Rally? 

Trade Talks with the US Gain Momentum 

US Vice President JD Vance began a 4-day visit to India today, with plans to meet Prime Minister Narendra Modi. The visit has sparked hopes of an expedited trade pact between the two countries, especially as India aims to avoid steep US tariffs and strengthen its ties with the Trump administration. 

Banking Stocks Lead the Charge 

Banking shares were among the top gainers, with the Nifty Bank index hitting a record 55,386.45, up 2% on the NSE. The surge came after HDFC Bank and ICICI Bank reported better-than-expected earnings for Q4 FY25. HDFC Bank touched a record ₹1,950.70, gaining nearly 2%, while ICICI Bank rose around 2% to an all-time high of ₹1,436. 

Return of Foreign Investors 

After a brief selling spree earlier this month, foreign portfolio investors have turned net buyers once again. In the past three sessions alone, FPIs have poured ₹14,760 crore into Indian equities, encouraged by a dip in the US dollar index to near the 100 mark and expectations of continued dollar weakness. 

 Also Read: Nifty 50 Surges Past 24,100 Mark on Apr 21; Banking Stocks, FPI Inflows Power Market Rally

 

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. 

 

Mid-Day Top Gainers and Losers on April 21, 2025: Tech Mahindra and IndusInd Bank Led Gainers

On April 21, 2025, as of 11:55 PM, the BSE Sensex was up 1.11% at 79,423.94, while the Nifty 50 was up 1.17% at 24,130.60. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
TECHM 1,304.00 1,371.90 1,303.00 1,370.20 4.85
INDUSINDBK 802 841.9 798.35 833.05 4.83
BAJAJFINSV 2,037.10 2,117.00 2,035.70 2,117.00 4.01
AXISBANK 1,202.00 1,238.70 1,198.10 1,232.00 3.46
TRENT 5,180.00 5,295.00 5,126.00 5,286.50 3.04

Here’s a brief market update based on the top gainers:

Tech Mahindra

Tech Mahindra saw a strong performance today, opening at ₹1,304.00 and climbing to a high of ₹1,371.90, marking a gain of 4.85% with an LTP of ₹1,370.20.

IndusInd Bank

IndusInd Bank gained 4.83%, trading between ₹798.35 and ₹841.90, with the stock hitting ₹833.05 at LTP.

Bajaj Finserv

Bajaj Finserv surged by 4.01%, reaching a high of ₹2,117.00 after opening at ₹2,037.10, with the LTP standing at ₹2,117.00.

Axis Bank

Axis Bank continued its upward momentum, gaining 3.46% and peaking at ₹1,238.70, closing near ₹1,232.00.

Trent

Trent rose by 3.04%, with the stock trading between ₹5,126.00 and ₹5,295.00, and closing at ₹5,286.50.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
ADANIPORTS 1,259.40 1,260.00 1,209.40 1,235.10 -1.93
ITC 428.05 429.10 421.50 421.9 -1.25
HDFCLIFE 725.00 725.00 703.60 712 -1.12
HINDUNILVR 2,368.10 2,372.40 2,348.80 2,351.50 -0.99
BHARTIARTL 1,898.40 1,904.30 1,868.60 1,877.80 -0.6

Here’s a brief market update on the top losers:

Adani Ports

Adani Ports dropped by 1.93%, dipping to a low of ₹1,209.40, with the LTP at ₹1,235.10 after opening at ₹1,259.40.

ITC

ITC faced a decline of 1.25%, falling to ₹421.50, with the stock closing at ₹421.90 after opening at ₹428.05.

HDFC Life

HDFC Life saw a decrease of 1.12%, slipping to ₹703.60 and closing at ₹712.00 after opening at ₹725.00.

HUL

Hindustan Unilever (HUL) dropped by 0.99%, reaching a low of ₹2,348.80, closing at ₹2,351.50.

Bharti Airtel

Bharti Airtel experienced a 0.6% decline, reaching a low of ₹1,868.60, with the LTP at ₹1,877.80 after opening at ₹1,898.40.

 

 

 

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.

Did You Miss SGB Premature Exit Window: Check What You Should Know

Are you one of those Sovereign Gold Bond (SGB) investors who missed the latest premature exit window on April 16, 2025? Now, you are wondering what will happen to your investments. Don’t worry, you will not lose your investments. Read this to find what your options are now.

April 16, 2025, marked the premature redemption for the Sovereign Gold Bond (SGB) 2017-18 Series III. The Reserve Bank of India (RBI) fixed the redemption price at ₹9,221 per unit. The said redemption price has given investors an absolute return of 211.1% on their initial investment of ₹2,964 per gram in 2017, excluding interest.

Sovereign Gold Bonds (SGBS) have an 8-year maturity period, but investors are allowed to exit early starting from the 5th year, only on interest payout dates. For the series issued on October 16, 2017, the first early redemption window opened on October 16, 2022. The most recent one was on April 16, 2025.

How is the SGB Redemption Price Determined?

The RBI sets the redemption price based on the average closing price of 999-purity gold over the last three business days before the redemption date. These rates are published by the India Bullion and Jewellers Association (IBJA).

For the April 16, 2025, redemption, the RBI used gold prices from April 9, 11, and 15 (since April 10 was a holiday). Based on this, the premature redemption price was fixed at ₹9,221 per unit.

This rate applies only to those who submitted redemption requests through their bank or demat provider by the due date.

Missed SGB Premature Exit Window: What Should You Know?

If you missed the April 16 window:

  • Hold the bond until maturity in October 2025. You’ll receive the redemption price based on gold rates at that time.
  • Sell it on the stock exchange. Note that prices may differ from RBI rates, and market liquidity can vary.
  • Keep an eye on interest payment dates for any other SGB tranches you may own.
  • Consult your bank or depository well ahead of redemption windows to avoid missing them.

Also Read: RBI Announces Premature Redemption for SGB 2017 Series III

Conclusion

As announced in the Union Budget 2025, the issue of new SGBs has been discontinued. However, all existing bonds remain valid and will be redeemed as scheduled or on eligible early exit dates.

 

 

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.

ITC to Acquire Sresta Natural Bioproducts for ₹472.50 Crore

On April 21, 2025, ITC share price dropped ~2% in the morning trade, reaching a day low of ₹421.40 at 10:15 AM, after opening at ₹429.85 on BSE. The fall in ITC share price came despite the announcement of a new acquisition by the diversified FMCG giant.

On April 17, 2025, ITC Ltd released an exchange filing after the market hours, wherein, it stated that it has signed share purchase agreements (SPA) for acquisition of a 100% stake in Sresta Natural Bioproducts Private Limited (SNBPL).

Objective and Impact of Acquisition

The acquisition of Sresta Natural Bioproducts Private Limited aligns with the company’s strategy to facilitate its future-ready portfolio.

The completion of the transaction will cement ITC’s presence and market standing in the high-growth organic products segment in both Indian and overseas markets. The domestic organic food products industry offers substantial growth opportunities backed by the increasing health and environmental consciousness, growing household incomes and new age distribution channels.

ITC will pay a consideration of up to ₹472.50 crores on a cash-free, debt-free basis. This comprises ₹400 crores payable upfront at Closing and up to ₹72.50 crores payable in the next 24 months post-closing.

About Sresta Natural Bioproducts Private Limited

SNBPL is a pioneer and leading player in the organic packaged staples category. The company has over the years, built a strong network of appx. 27,500 farmers and appx. 1.4 lakh acres of certified organic land across 71 clusters in 10 states. SNBPL has a wide range of products and enjoys strong brand equity and also a well-established presence in the US markets with its own distribution set-up.

Also Read: Check How Historically ITC Group Has Evolved 

Conclusion

The acquisition of Sresta Natural Bioproducts Private Limited by ITC presents significant growth opportunities for ITC in the high-growth organic products segment in both Indian and overseas markets.

 

 

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.

Adani Ports to Acquire NQXT Australia: Accelerating 1 Bn Tonnes Annual Path By 2030

On April 21, 2025, Adani Ports shares fell over 3%, reaching a day low of ₹1,209.75 at 09:35 AM, after opening at ₹1,262.95 on BSE. The fall in Adani Ports share price came despite the positive business development reported by the company by acquiring new port in Australia.

Adani Ports and Special Economic Zone Ltd on April 17 announced that the Board of Directors has allowed the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL), a related party.

The exchange filing further stated APPH owns the entities which own and operate the North Queensland Export Terminal (NQXT), having a current capacity of 50 million tonnes per annum (MTPA).

Acquisition Details

The acquisition will be carried out on a non-cash basis. Adani Ports will issue 14.38 crore equity shares to CRPSHPL for a 100% stake in APPH. This is based on an enterprise value of NQXT of A$ 3,975 million.

As part of the transaction, APSEZ will also assume other non-core assets and liabilities on APPH’s balance sheet, which APSEZ will realise within a few months of the acquisition.

Objective Behind NQXT acquisition

The acquisition of NQXT presents a compelling strategic opportunity for APSEZ, offering control of a fully operational, multi-user export facility with a proven operational track record spanning over 40 years. The terminal services a high-quality customer base operating in the resource-rich Bowen and Galilee basins, exporting premium metallurgical and energy coal to more than 15 countries worldwide.

With strong prospects for EBITDA growth, the acquisition is backed by increasing contracted capacity, renewal of existing agreements, and potential synergies within APSEZ’s integrated global transport and logistics network. Furthermore, the asset aligns well with APSEZ’s broader strategy of international expansion and supports future ambitions in green hydrogen exports from the Port of Abbot Point, in alignment with the Queensland Government’s long-term sustainability vision.

Management Take on New Port Acquisition

Speaking on the acquisition, Mr. Ashwani Gupta, Whole-time Director & CEO, APSEZ, said, NQXT’s acquisition is a pivotal step in our international strategy, opening new export markets and securing long-term contracts with valued users. Strategically located on the East-West trade corridor, NQXT is poised for robust growth as a high-performing asset, driven by increased capacity, upcoming contract renewals in the medium term, and the potential for green hydrogen exports in the long term. We are targeting EBITDA to grow to A$ 400 million within 4 years. I am proud to welcome NQXT to our ‘Growth with Goodness’ initiative, as it exemplifies our commitment to high standards in environmental, social, and governance practices.”

Also Read: Adani Ports Reported Record-Breaking Cargo Volumes in March 2025

Conclusion

Adani Ports to acquire NQXT, which is a highly efficient and cash-generating asset that will consolidate the company’s presence along the East-West trade corridor, in line with its global expansion strategy.

 

 

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.

Coal India Subsidiary SECL Signed ₹7,040 Crore Mining Agreement

On April 18, 2025, South Eastern Coalfields Ltd (SECL), a Coal India subsidiary announced that it has signed a ₹7,040-crore agreement with TMC Mineral Resources to undertake large-scale coal mining using advanced paste filling technology. SECL is set to become the first public sector coal company in India to adopt paste filling technology for mining operations.

Paste filling is a modern underground mining technique that eliminates the need to acquire surface land. After coal is extracted, the remaining voids are filled with a specially formulated paste made from fly ash, crushed overburden from opencast mines, cement, water, and binding agents. This method helps prevent land subsidence and maintains the mine’s structural integrity.

Project Details

The project will focus on the Singhali underground coal mine, located in SECL’s Korba region, where coal production using this new method will be carried out on a large scale. Spanning 25 years, the initiative is expected to yield approximately 8.4 million tonnes of coal.

Approved in 1989 with an annual production capacity of 0.24 million tonnes, the Singhali mine began operations in 1993. Currently, it holds about 8.45 million tonnes of extractable non-coking coal. Mining activities have been conducted using the Bord and Pillar method, supported by load haul dumpers and universal drilling machines.

However, the surface area above the mine is heavily developed, with villages, high-tension power lines, and a PWD road, making conventional caving methods unsafe and environmentally unsuitable.

Also Read: Coal India Share Price in Focus: Check Why?

Conclusion

By introducing paste filling technology, SECL can now continue mining in this area without disturbing the existing surface infrastructure. The success of this initiative at Singhali is expected to set a precedent for restarting operations in other underground mines facing similar surface constraints.

 

 

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 Elxsi Share Price in Focus After Release of Q4FY25 Earnings: Revenue and PAT Declined QoQ

On April 21, 2025, Tata Elxsi share price is on investors’ radar as the company released its results for the quarter (Q4FY25) and year (FY25) ended March 31, 2025. During the period, the company recorded mixed performance during the period.

Tata Elxsi Q4FY25 Performance

For the quarter ended March 31, 2025, the company reported operating revenue of ₹908.3 crore, a slump of 3.3% QoQ, while growth of 0.3% YoY. The company reported an EBITDA margin of 22.9% and a Profit Before Tax (PBT) margin of 23.3%. PBT stood at ₹221.4 crore, reflecting a decline of 15.6% year-on-year and 13.4% quarter-on-quarter. Net Profit (PAT) came in at ₹172.4 crore, down 12.4% compared to the same period last year and 13.4% lower than the previous quarter.

Tata Elxsi Segmental Overview

The Transportation segment saw a 9.7% QoQ decline in constant currency (CC) terms, primarily due to project pauses with certain clients during the quarter. Media and Communications revenue also fell, down 6.3% QoQ in CC terms, reflecting ongoing industry softness and conservative technology spending. In contrast, the Healthcare segment posted a 3.5% QoQ growth in CC terms, driven by new customer acquisitions and increasing momentum from digital and Gen AI-powered solutions.

Tata Elxsi Dividend

The Board of Tata Elxsi have recommended a final dividend of 750% (₹75 per equity share of par value of ₹10 each) for FY25, subject to approval by the shareholders.

Significant Deals During FY25

Tata Elxsi secured several significant deals during the quarter, underscoring its strategic growth and technological leadership across verticals. The company won a landmark multi-year consolidation deal worth over US$100 million from a leading Media & Communications firm to drive next-generation product engineering across its video and broadband portfolio.

In the automotive space, Tata Elxsi signed a strategic €50 million multi-year agreement with a prominent European automotive OEM to deliver platform and application development for Software-Defined Vehicles (SDVs), electrification, and body and chassis systems.

In healthcare, the company was awarded a large contract by a leading European Renal care Medtech player to enhance software functionality, cybersecurity, interoperability, and lifecycle management for their critical care devices.

Additionally, Tata Elxsi won a strategic US$10 million consolidation deal with a global broadcaster to support engineering for their streaming video platform. The company also secured a multi-million-dollar digital design deal to develop an advanced fleet management software solution for electric vehicles, leveraging next-generation analytics and AI technologies.

Also Read: Tata Elxsi Share Price in Focus in Anticipation of FY25 Dividend Declaration

Conclusion

Tata Elxsi FY25 results showcased a subdued picture as the company witnessed a fall in top line and bottom line on a sequential basis, while growth in FY25.

 

 

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.

PPF or MF SIP: Which ₹1 Lakh Yearly Investment Will Create More Return in 15 Years?

If you’ve ever found yourself at the crossroads of choosing between a Mutual Fund SIP and a Public Provident Fund (PPF) to invest your hard-earned money, you’re not alone. It’s a common question for every retail investor who want to build wealth while keeping risk in check. In order to check, which is better, let’s assume Manoj, a salaried person want to build wealth over the 15 years of regular investment. 

The Public Provident Fund (PPF) is a government-backed savings scheme offering an annual interest rate of 7.1%, compounded yearly. It has a 15-year lock-in period, and individuals can invest up to ₹1 lakh per year.

In contrast, mutual fund SIPs (Systematic Investment Plans) offer the potential for higher returns, particularly when invested in equity mutual funds over the long term. However, they do come with a level of market-related risk, as returns aren’t guaranteed.

 Let’s break it down with real numbers and a practical comparison.

Option 1: Public Provident Fund (PPF)

PPF is a government-backed savings scheme known for its safety and tax benefits. Here are the key features:

  • Interest Rate: 7.1% per annum (as of now), compounded yearly
  • Investment Limit: Up to ₹1 lakh per year
  • Lock-in Period: 15 years
  • Tax Benefit: Exempt-Exempt-Exempt (EEE) – tax deduction on investment, no tax on interest, and no tax on maturity
Year Annual Investment Total Investment Estimated Value at 7.1%
15 ₹1,00,000/year ₹15,00,000 ₹27,12,000 (approx.)

The returns are stable and risk-free, making PPF a solid choice for conservative investors focused on capital protection and guaranteed returns.

Option 2: Mutual Fund SIP (Equity-Oriented)

Mutual Fund SIPs (Systematic Investment Plans) allow regular investments into mutual funds, especially equity funds, which have historically offered higher returns over the long term. Key points:

  • Return Potential: Varies, but long-term average for equity funds is 10–15%
  • Risk Level: Market-linked, hence subject to volatility
  • Liquidity: No fixed lock-in (except ELSS funds); you can withdraw any time
  • Taxation: Gains above ₹1 lakh/year taxed at 10% (long-term capital gains)
Year SIP Total Investment Estimated Value at 12%
15 ₹8,500 ₹15,30,000 ₹42,88,896 (approx.)

Despite market fluctuations, long-term SIPs tend to even out short-term volatility, especially with rupee cost averaging.

Which One Should You Choose?

Choosing between SIP and PPF depends on your financial goals and risk appetite:

  • Choose PPF if you prefer capital protection, steady growth, and tax benefits over a long horizon.
  • Choose Mutual Fund SIPs if you are comfortable with some risk in exchange for potentially higher returns.

Conclusion

Both PPFs and Mutual Fund SIPs are excellent tools for building wealth over time. The key is to align your investment choice with your goals, time horizon, and comfort with risk.

 

 

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. 

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

Check Top Index Funds: Delivered Returns of Over 15% in Past 3 Year

Investing in index funds has become a popular strategy for individuals looking to build wealth over time with minimal effort and risk. An index fund is a type of mutual fund or exchange-traded fund (ETF) that aims to replicate the performance of a specific market index, such as Nifty 50. These funds offer a diversified investment by holding a wide range of stocks, making them less volatile compared to individual stock picks.

For long-term investors, index funds provide a cost-effective way to gain exposure to the overall market, typically with lower management fees and a history of steady returns. Whether you’re a beginner or a seasoned investor, index funds can be a simple, low-maintenance way to grow your wealth while mitigating risk. In this article, we explore index funds which delivered returns of over 15% in the past 3 years.

Best Index Funds in India Based on 3Y CAGR

Name AUM (₹ Crore) CAGR 3Y (%) Expense Ratio
Motilal Oswal Nifty Midcap 150 Index Fund 1986.88 19.32 0.30
Nippon India Nifty Midcap 150 Index Fund 1544.54 19.09 0.30
Nippon India Nifty Smallcap 250 Index Fund 1922.22 15.83 0.35
DSP Nifty 50 Equal Weight Index Fund 1984.11 14.80 0.39
HDFC NIFTY50 Equal Weight Index Fund 1407.48 14.75 0.40

Note: The above-mentioned Index Funds have been selected and sorted based on 3Y CAGR as of April 17, 2025

Overview of Top Index Funds

1. Motilal Oswal Nifty Midcap 150 Index Fund

Motilal Oswal Nifty Midcap 150 Index Fund aims to provide return that corresponds to the performance ofthe  Nifty Midcap 150 Index, subject to tracking error.

Key Metrics

  • Tracking Error: 0.04
  • NAV: ₹34.82

2. Nippon India Nifty Midcap 150 Index Fund

Nippon India Nifty Midcap 150 Index Fund is a mutual fund scheme designed to track the performance of the Nifty Midcap 150 Index.

Key Metrics

  • Tracking Error: 0.11
  • NAV: ₹21.77

3. Nippon India Nifty Smallcap 250 Index Fund

Nippon India Nifty Smallcap 250 Index Fund aims to provide investment returns closely corresponding to the total returns of the securities.

Key Metrics

  • Tracking Error: 0.64
  • NAV: ₹30.41

Conclusion

Index funds are a popular choice for investors who want a simple, cost-effective way to grow their wealth. They provide broad market exposure, low fees, and long-term growth potential, making them ideal for beginners and seasoned investors alike.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

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.