Maharashtra Increases Motor Vehicle Tax on CNG and High-End EVs

In its Budget for the financial year 2025-26, the Maharashtra government has introduced key revisions to its motor vehicle tax structure. Presented by Finance Minister Ajit Pawar on 10 March 2025, the budget focuses on enhancing the state’s revenue while aligning with national economic goals. The revised tax policies, particularly affecting CNG vehicles and high-end EVs, are expected to generate substantial additional income for the state.

Increased Tax on CNG Vehicles

One of the significant changes in the budget is the 1% hike in motor vehicle tax for CNG-powered four-wheelers. This decision aims to generate an additional ₹150 crore in revenue for Maharashtra. While CNG vehicles are considered an environmentally friendly alternative to petrol and diesel, the government seeks to balance sustainability with economic needs through this measure.

New Tax for Premium Electric Vehicles

In another major move, the government has imposed a 6% tax on electric vehicles priced above ₹30 lakh. This marks a shift in Maharashtra’s EV policy, which previously encouraged adoption through subsidies and tax exemptions. The move is likely to impact high-end EV manufacturers and buyers, aligning taxation policies with the premium segment of the automobile industry.

Conclusion

Maharashtra’s revised motor vehicle tax structure reflects its strategy to increase revenue while maintaining focus on environmental sustainability. The tax hikes on CNG vehicles and premium EVs will contribute to the state’s financial stability while ensuring continued investment in infrastructure and development.

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.

SIP ₹100: Top 5 Low-Cost Small-Cap Mutual Funds to Start Your SIP

Small-cap mutual funds invest at least 65% of their total assets in equity and equity-related securities of small-cap companies. These companies typically ranked outside the top 250 by market capitalisation. However, the exact classification may vary across different financial institutions.

For investors looking to start a Systematic Investment Plan (SIP) with a small amount, there are select small-cap mutual funds that allow an SIP with a minimum of ₹100. Additionally, these funds have some of the lowest expense ratios, which can help investors retain more of their potential returns.

Top 5 Small-Cap Mutual Funds with ₹100 Minimum SIP

Below is a list of 5 small-cap mutual funds that allow a minimum SIP of ₹100 while having a relatively low expense ratio. Note data as of March 10, 2025. 

1. Tata Small Cap Fund

  • Assets Under Management (AUM): ₹8,883.39 crore
  • Expense Ratio: 0.37%
  • 3-Year Returns: 23.02%
  • Minimum SIP: ₹100

2. Edelweiss Small Cap Fund

  • AUM: ₹4,170.69 crore
  • Expense Ratio: 0.43%
  • 3-Year Returns: 18.68%
  • Minimum SIP: ₹100

3. Bandhan Small Cap Fund

  • AUM: ₹8,474.84 crore
  • Expense Ratio: 0.46%
  • 3-Year Returns: 26.47%
  • Minimum SIP: ₹100

4. Kotak Small Cap Fund

  • AUM: ₹16,450.27 crore
  • Expense Ratio: 0.58%
  • 3-Year Returns: 14.57%
  • Minimum SIP: ₹100

5. Axis Small Cap Fund

  • AUM: ₹20,954.45 crore
  • Expense Ratio: 0.58%
  • 3-Year Returns: 17.48%
  • Minimum SIP: ₹100

Conclusion

Starting an SIP in a small-cap mutual fund with just ₹100 is possible, and the funds listed above offer this option with some of the lowest expense ratios in the category. While expense ratio plays a role in cost efficiency, it is also important to assess a fund’s overall performance and investment strategy before making any decisions.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start 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. 

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

IndusInd Bank Falls 26%: Here Are 5 Mutual Funds with High Exposure to IndusInd Bank

India’s stock market volatility continues, with IndusInd Bank facing its biggest setback since March 2020. On March 11, 2025, the bank’s shares hit a lower circuit, tumbling by 26% to a 52-week low of ₹657.10. The steep fall was triggered by concerns over weak internal controls, following the bank’s disclosure of discrepancies in derivatives accounting.

This development has intensified worries among investors, particularly those with exposure to IndusInd Bank through mutual fund investments.

Mutual Funds with High Exposure to IndusInd Bank

Several mutual funds hold significant stakes in IndusInd Bank, and the sharp decline in its stock price could impact their portfolios. Here are the top 5 mutual funds with notable exposure to the bank:

Mutual Fund Schemes AUM ( ₹ in Cr) AUM % Shares Held In Feb 2025
Quant ESG Equity Fund 16.44 6.31 1,66,000
Quant Focused fund 49.7 5.15 5,02,000
Sundaram Focused Fund 48.88 4.85 4,93,733
Sundaram Financial Services Opportunities Fund 59.53 4.49 6,01,270
LIC MF Focused Fund Growth 5.12 4.22 51,716

IndusInd Bank Share Price

The sudden plunge in IndusInd Bank’s stock has raised questions about the bank’s risk management framework and corporate governance practices. The issue of discrepancies in derivatives accounting suggests potential lapses in oversight, which could affect investor confidence in the broader banking sector.

Conclusion

A sharp drop in IndusInd Bank’s share price has sent ripples across the market, particularly affecting mutual funds with significant holdings in the stock. As the market digests this development, investors and fund managers will likely keep a close watch on further disclosures and corrective actions from the bank.

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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.

Top 5 Performing Dividend Yield Mutual Funds – Best Performer Delivered 28% CAGR in 5 Years

Dividend yield mutual funds primarily invest in companies that distribute a portion of their earnings to shareholders in the form of dividends. These companies usually have strong balance sheets and stable business models, ensuring consistent performance despite market volatility.

Investors in these funds benefit not only from potential capital appreciation but also from periodic dividend payouts, making them a preferred choice for those seeking a combination of income and growth.

Top 5 Dividend Yield Mutual Funds with Over 20% CAGR

Here are the top-performing dividend yield mutual funds based on their latest returns:

Scheme Name AUM (₹ Crore) Expense Ratio (%) Returns (%)
ICICI Pru Dividend Yield Equity 4,834.9 1.88 27.97
Templeton India Equity Income 2,340.64 2.12 24.69
UTI Dividend Yield 3,959.48 2.01 21.89
ABSL Dividend Yield  1,461.33 2.24 21.84
LIC MF Dividend Yield Fund 482.65 2.38 21.13

 

Who Should Consider Investing in Dividend Yield Mutual Funds?

While dividend-yield mutual funds offer both income and growth, they may not be suitable for all investors. Here are some categories of investors who may find them beneficial:

1. Retirees or Those Seeking Regular Income

For individuals looking for a steady income source post-retirement, these funds can be a viable option. Dividend payouts provide a consistent cash flow while the investment continues to grow.

2. Conservative Investors with Low-Risk Appetite

Investors who wish to participate in the stock market but prefer lower volatility may find dividend yield funds an attractive option. Companies offering regular dividends generally have stable earnings, reducing downside risks.

3. Long-Term Investors

Those with an investment horizon of 5 to 10 years looking for both capital appreciation and passive income can consider these funds. Over time, dividend reinvestment can significantly enhance overall returns.

Final Thoughts

Dividend yield mutual funds can be a strategic addition to an investment portfolio, particularly for those seeking a balance of regular income and capital growth. While past performance is not indicative of future results, these funds have demonstrated strong returns and stability over time. However, investors should always assess their risk appetite, investment goals, and consult a financial advisor before making investment decisions.

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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. 

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

SIP: Gold ETF vs Nifty 50 ETF – Which ETF Has Delivered Better Returns?

Exchange-traded funds (ETFs) are investment vehicles designed to track specific indices, assets, or sectors, allowing investors to gain exposure to a diversified portfolio without directly purchasing individual stocks. Unlike stock investments, which can be highly volatile, ETFs provide built-in diversification, reducing overall risk.

In periods of market highs, investors often seek stability. While equities, such as those tracked by the Nifty 50 ETF, offer exposure to top-performing companies, Gold ETFs serve as a hedge against inflation and economic uncertainty. But which of the two has provided better long-term returns for investors using a systematic investment plan (SIP)?

To answer this, let us compare the past almost 10 years of SIP investments in SBI Gold ETF and SBI Nifty 50 ETF to see how they have performed.

SBI Gold ETF: Performance for Almost 10 Years

SBI Gold ETF aims to provide returns that closely correspond to movements in the price of physical gold. Gold has long been considered a safe-haven asset, often performing well during economic downturns and inflationary periods.

  • SIP Amount: ₹20,000 per month
  • Investment Period: 22 July 2015 – 10 March 2025
  • Total Number of SIPs: 116
  • Total Amount Invested: ₹23,20,000
  • Current Portfolio Value: ₹47,39,068
  • XIRR (Extended Internal Rate of Return): 14.27%
  • Expense Ratio: 0.73%

SBI Nifty 50 ETF: Performance for Almost 10 Years

The SBI Nifty 50 ETF is designed to replicate the performance of the Nifty 50 Index, which consists of India’s top 50 companies across various sectors. 

  • SIP Amount: ₹20,000 per month
  • Investment Period: 10 March 2015 – 10 March 2025
  • Total Number of SIPs: 116
  • Total Amount Invested: ₹23,20,000
  • Current Portfolio Value: ₹45,35,685
  • XIRR (Extended Internal Rate of Return): 13.41%
  • Expense Ratio: 0.04%

Gold ETF vs Nifty 50 ETF: A Direct Comparison

ETF Total SIPs Amount Invested (₹) Current Value (₹) XIRR (%) Expense Ratio (%)
SBI Gold ETF 116 23,20,000 47,39,068 14.27 0.73
SBI Nifty 50 ETF 116 23,20,000 45,35,685 13.41 0.04

While both ETFs have demonstrated strong returns, SBI Gold ETF has outperformed SBI Nifty 50 ETF in terms of XIRR. However, the Nifty 50 ETF has a significantly lower expense ratio, which can have a compounding effect on long-term investments.

Conclusion: Evaluating Investment Choices

The comparison highlights that both Gold ETFs and Nifty 50 ETFs have delivered competitive returns over the past decade. Gold ETFs have performed better in this specific period, but equity markets have historically outperformed gold over extended horizons.

Investors must consider their risk appetite, financial goals, and investment horizon before selecting an ETF. Gold is typically seen as a defensive investment, whereas Nifty 50 ETFs provide exposure to economic growth. The choice between the two depends on an investor’s portfolio strategy and risk preference.

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

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.

Star Health, Tata AIG: Cashless Services End at Ahmedabad Hospitals April 1

Hospitals in Ahmedabad have decided to halt cashless treatment for patients covered under Star Health and Tata AIG policies, citing ongoing financial disputes with insurance companies. The move follows concerns over delayed reimbursements, arbitrary tariff structures, and the unilateral blacklisting of healthcare providers. As a result, policyholders will need to bear medical expenses upfront and seek reimbursement later, which may create financial difficulties for many.

Disputes Over Tariff Structures and Reimbursement Delays

The Ahmedabad Hospital and Nursing Homes Association (AHNA) has raised serious concerns over the way insurance companies handle payments to healthcare providers. Hospitals claim that insurers impose unjustified deductions, offer low reimbursement rates, and fail to renew tariff agreements in a timely manner. These issues have led to financial strain on hospitals, making it increasingly difficult for them to continue offering cashless services.

Impact on Patients and Healthcare Providers

With cashless services suspended, patients under these insurance policies will have to arrange for immediate payments during medical emergencies, which could be a major setback for those relying on insurance to ease the financial burden. At the same time, hospitals argue that the non-transparent pricing policies of insurers create an unsustainable working model, forcing them to take this drastic step.

Conclusion

The ongoing dispute between hospitals and insurance companies highlights the need for greater transparency and fair pricing policies in the healthcare sector. While hospitals aim to sustain their financial viability, patients are left facing uncertainties about their medical expenses, making this issue a pressing concern for all stakeholders involved.

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.

SBC Exports Board Declares Bonus Shares in 1:2 Ratio

The Board of Directors of SBC Exports Limited approved the allotment of 15,87,30,000 bonus equity shares. The bonus shares have a face value of Re. 1 each and are issued in a 1:2 ratio. This means that shareholders will receive one additional share for every two shares they already own.

Increase in Share Capital

After issuing these bonus shares, the company’s total paid-up equity share capital has increased to ₹47,61,90,000. This consists of a total of 47,61,90,000 shares, each with a face value of ₹1.  

Handling of Fractional Shares

Since shareholders might receive fractional entitlements (less than one full share), the company has consolidated these fractional shares and allotted them to Mrs Radha Kumari, an Independent Director. She has been appointed as a trustee and will sell these shares in the market. The money from the sale, after deducting necessary expenses, will be distributed among the shareholders who were entitled to fractional shares.  

About the Company 

SBC Exports Limited is an Indian company involved in garment manufacturing and trading, as well as manpower supply and tour operator services. It operates through three main segments: Garments, IT & Manpower Services and Travel & Tourism.

Share performance 

As of March 11, 2025, at 12:35 PM, the shares of SBC Exports Ltd are trading at ₹12.72 per share, reflecting a loss of 9.47% from the previous day’s closing price. Over the past month, the stock has registered a loss of 0.39%. The stock’s 52-week high stands at ₹25.27 per share, while its low is ₹11.04 per share.

Conclusion

The bonus share issue strengthens SBC Exports Limited’s market position while benefiting shareholders. The company continues to prioritise stakeholder value and sustainable growth.

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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.

SIP Frequency: Monthly or Weekly SIP – Which Can Give Higher Returns?

If you are a mutual fund investor, you are likely familiar with Systematic Investment Plans (SIPs). Over the years, SIPs have emerged as a preferred method for investing in mutual funds, particularly equity funds. They offer several benefits, including:

  • Affordability: Small, periodic investments can accumulate into a significant corpus over time.
  • Rupee Cost Averaging: Investments are spread across different market levels, reducing the impact of market volatility.
  • Investment Discipline: Regular investments encourage financial discipline and help avoid impulsive decision-making.

However, one of the most debated aspects of SIPs is their frequency. Should you opt for a monthly SIP or a weekly SIP? Does a higher frequency of investing translate to better returns? Let’s analyse the impact of both options through a case study using SIP Calculator.

Scenario 1: Monthly SIP of ₹10,000

  • SIP Frequency: Monthly
  • SIP Amount: ₹10,000
  • SIP Duration: 5 years
  • Total SIP Installments: 60 months
  • Expected Return: 12% p.a.
  • Total Investment: ₹6,00,000
  • Final Corpus: ₹8,24,864

Scenario 2: Weekly SIP of ₹2,308

  • SIP Frequency: Weekly
  • SIP Amount: ₹2,308
  • SIP Duration: 5 years
  • Total SIP Installments: 260 weeks
  • Expected Return: 12% p.a.
  • Total Investment: ₹6,00,080
  • Final Corpus: ₹8,22,864

(The weekly SIP amount is adjusted to ensure the total investment remains the same at ₹6,00,000.)

SIP Investments: Monthly or Weekly – Which Works Best?

From the above scenarios, we observe that the final corpus for the monthly SIP (₹8,24,864) is marginally higher than the weekly SIP (₹8,22,864). The difference is minimal, but it indicates that a lower frequency of investment does not necessarily lead to a loss in returns. Monthly SIPs have a slight edge due to compounding efficiency, as the invested amount stays in the market longer compared to smaller weekly investments.

Conclusion: Which SIP Frequency is Better?

While both monthly and weekly SIPs are effective in building long-term wealth, the difference in final returns is negligible. Monthly SIPs might be more convenient for investors as they involve fewer transactions and allow better financial planning.

Ultimately, the choice between monthly and weekly SIPs depends on individual preferences, cash flow patterns, and comfort with transaction frequency rather than a significant difference in returns. Consistency in investing is the most critical factor for wealth creation in the long run.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

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 Gold and Silver Prices in Your City on March 11

On March 11, 2025, gold prices increased in both the international and domestic markets. Internationally, gold prices have increased by 0.13%, but were seen trading below the key psychological mark of $2,900 as of 11:18 AM.

In India, gold prices were up by ₹260 per 10 grams in major cities on March 11, 2025, as of 11:18 AM.

In Mumbai, 24-carat gold is priced at ₹8,584 per gram, while 22-carat gold costs ₹7,869 per gram. The price of 24-carat gold per 10 grams stands at ₹85,840.

In Delhi, the price of 22-carat gold is currently ₹78,549 per 10 grams, while 24-carat gold is trading at ₹85,690 per 10 grams.

Gold Prices Across Major Indian Cities on March 11, 2025

Below is a breakdown of gold prices as of March 11, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 85,990 78,824
Hyderabad 85,870 78,714
Delhi 85,690 78,549
Mumbai 85,840 78,687
Bangalore 85,800 78,650

Silver Prices in India on March 11, 2025

International silver prices have fallen by 0.22% to $32.06 as of 11:18 AM on March 11, 2025. However, in India, silver prices have increased by ₹180 per kg.

Silver Prices Across Major Indian Cities

City Silver Rate in ₹/KG 
Mumbai 96,740
Delhi 96,580
Kolkata 96,460
Chennai 96,870

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have increased across major Indian cities, while international gold prices have also risen.
  • Silver Prices: Silver prices have declined in the international market but have moved higher in India.

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.

Should You Cancel Your Unused Credit Card? 7 Things to Know

Managing multiple credit cards can be overwhelming, particularly when some remain unused for extended periods. While cancelling an inactive card may seem like a responsible financial decision, it can have unexpected consequences on your credit score and overall financial health. Here are 7 important factors to weigh before making your choice:

1. Impact on Your Credit Score

One of the most significant effects of closing a credit card is the potential impact on your credit score. A long credit history demonstrates financial stability, and closing an older account could shorten your average account age. If the card is among your oldest, keeping it open may help maintain a strong credit profile.

2. Effect on Credit Utilisation Ratio

Your credit utilisation ratio measures the percentage of your available credit that you are using. A lower utilisation ratio is beneficial for your credit score, as it signals responsible financial management. Cancelling a credit card reduces your overall available credit, which can increase your utilisation ratio and, in turn, lower your credit score.

3. Financial Safety Net in Emergencies

An unused credit card can serve as a financial backup during emergencies. It provides an additional source of funds without needing to dip into savings or take out a high-interest loan. If you foresee needing extra credit in the future, keeping the card open may be a practical choice.

4. Annual Fees and Hidden Costs

Many credit cards come with annual fees, which may not be justified if the card is rarely used. However, before deciding to cancel, check with your issuer—some banks offer fee waivers or alternative benefits that may make it worthwhile to keep the account active.

5. Risk of Overspending

If you struggle with impulse spending, keeping an unused credit card may lead to unnecessary purchases and accumulating high-interest debt. If financial discipline is a challenge, closing the account could be a proactive way to curb unnecessary spending.

6. How Lenders View Multiple Credit Lines

Having multiple open credit accounts may raise concerns for lenders when you apply for a mortgage or personal loan. Excess available credit can make lenders hesitant, as they may see a higher potential for debt accumulation. If you plan to apply for significant credit in the near future, consider how keeping or cancelling the card might affect lender perceptions.

7. Fraud and Security Risks

Even if you do not use a credit card, it remains vulnerable to fraud. If you choose to keep an inactive credit card, ensure it is stored securely and monitor it regularly for unauthorised transactions. Setting up alerts for unusual activity can help prevent financial fraud.

Final Thoughts

Deciding whether to cancel or keep an unused credit card requires careful consideration of various factors, including fees, spending habits, and long-term financial goals. If the card offers benefits without adding financial strain, keeping it open may be advantageous. However, if it poses risks of overspending or unnecessary costs, cancelling it may be the better option. Always assess your financial situation before making a final decision.

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.