Mahindra & Mahindra Q4FY25 Results: SUV Segment Fuels Strong Growth, ₹25.3 Dividend Declared

Auto major Mahindra & Mahindra (M&M) has declared a substantial dividend for its shareholders. In a regulatory filing, the company announced that its board has recommended a final dividend of ₹25.3 per ordinary share of ₹5 face value. This translates to a 506% dividend payout.

The record date for the dividend has been set as Friday, July 4, 2025. This announcement reflects the company’s strong performance in FY25 and its continued focus on rewarding shareholders.

Q4FY25 Financial Performance: Strong Growth Across Metrics

On a standalone basis, Mahindra & Mahindra posted an impressive set of financial results for the quarter ended March 2025:

  • Revenue: ₹31,608.67 crore, up 24.3% year-on-year

  • EBITDA: ₹4,219.25 crore, a rise of 23%

  • EBITDA Margin: Slight dip of 20 basis points to 13.3%

  • Net Profit: ₹2,437.14 crore, up 22% YoY

Despite a marginal decline in EBITDA margins, the overall profitability and revenue growth underscore the operational efficiency and strong market demand for M&M’s offerings.

SUV Segment Drives Auto Sales Momentum

Mahindra & Mahindra’s core strength in the SUV segment was a major contributor to its Q4 performance. SUV sales surged 18.26% year-on-year, clocking 23,027 units in Q4. This growth is particularly significant when compared to:

  • 6.7% growth in India’s overall SUV market

  • 4.5% decline in car sales industry-wide

The company gained 310 basis points in SUV revenue share over the previous year, reinforcing its leadership in the segment.

Read More: April 2025 Auto Sales: Tata Motors, Maruti Suzuki, M&M Shares in Focus. 

Overall Vehicle Sales Up 18%, Tractor Segment Shines

During the January to March 2025 period, total vehicle sales stood at 2,53,028 units, reflecting an 18% increase over the previous year’s 2,15,280 units. Notably, M&M’s tractor division posted a 23% rise in volume, reaching 87,138 units in the quarter.

As per the company’s statement, it also attained its highest-ever Q4 market share of 41.2% in the tractor segment, up 180 basis points year-on-year.

Market Response and Strategic Commentary

Following the earnings and dividend announcement, M&M’s share price rose by 2.18% by 12:38 PM on May 5, 2025. 

Commenting on the performance, Rajesh Jejurikar, Executive Director & CEO of M&M’s Auto and Farm Sector, stated: “We continued our outstanding performance for the year in Q4-F25, with significant gain of 310 bps YoY in SUV revenue share, and 480 bps YoY in LCV (< 3.5T) market share. In Tractors, we reached our highest-ever Q4 market share of 41.2%, gaining 180 bps YoY.”

Conclusion

Mahindra & Mahindra’s Q4FY25 results reflect resilient demand, strategic market share gains, and efficiency in execution across its auto and farm segments. While challenges remain in the broader automobile industry, M&M’s diversified product portfolio and robust domestic demand appear to have played a key role in its continued upward trajectory.

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.

NSE IPO: Regulatory Hurdles and Ongoing Discussions with SEBI

The National Stock Exchange (NSE), India’s largest equity bourse, has long harboured plans to go public. Initially filing its draft red herring prospectus in 2016 to raise ₹10,000 crore through an offer for sale, the IPO was expected to be a landmark event in Indian capital markets. However, the process has been delayed for over eight years due to regulatory concerns.

Key Concerns Raised by SEBI

According to recent comments mentioned in the PTI report, Sebi Chairperson Tuhin Kanta Pandey, the market regulator, has flagged several critical issues. These include:

  • Compensation Structure: The remuneration and benefits given to key management personnel are under scrutiny.

  • Technological Framework: Concerns related to the technological infrastructure and systems at NSE remain unresolved.

  • Clearing Corporation Ownership: The majority ownership of NSE in its Clearing Corporation has raised questions about regulatory independence and risk management.

Read More: Here’s Why the NSE IPO Faces a Delay

Ongoing Dialogue Between NSE and Sebi

Despite the delay, there is renewed momentum in the process. NSE has filed for a No Objection Certificate (NOC) with Sebi, which is a preliminary step towards resuming the IPO proceedings. However, the timeline for the public offering remains indefinite.

Pandey, in a recent interview with PTI, stated: “There are certain issues…which have been under discussion between NSE and Sebi. And with a very intent to clear it going forward, we will try and resolve these issues.”

This statement indicates the regulator’s willingness to facilitate the IPO, provided that foundational concerns—especially those linked to corporate governance—are addressed.

Governance and the Co-location Legacy

One of the persistent regulatory concerns stems from the co-location case, where certain brokers were allegedly given unfair access to NSE’s trading systems. This controversy has influenced Sebi’s cautious stance on granting the IPO approval. Since the original filing, NSE has made multiple attempts to seek Sebi’s nod, each time hitting a wall over unresolved governance issues.

Formation of Sebi’s Internal Committee

In March, Sebi constituted an internal committee specifically to assess NSE’s IPO application. This marked a significant move, signalling that the regulator is actively engaged in evaluating the listing plan. The committee is tasked with ensuring that all outstanding issues are adequately resolved before any green light is given.

Current Valuation and Market Standing

NSE holds an estimated valuation of ₹4.7 lakh crore, placing it among India’s most valuable companies. As per the 2024 Burgundy Private Hurun India 500 list, which ranks both listed and unlisted entities, NSE is the 10th-most valuable private firm in the country. Its dominant market position and financial strength add to the anticipation surrounding its public debut.

Conclusion

While NSE’s intent to list remains strong and regulatory engagement is active, the IPO will only move forward once Sebi’s concerns are fully addressed. The unfolding dialogue represents a crucial phase in balancing market integrity with the ambitions of a key financial institution.

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.

Sovereign Gold Bond 2017-18 Series I Matures: Investors Earn 221% Returns as RBI Declares Final Redemption Price

The Reserve Bank of India (RBI) has officially announced the final redemption price for the Sovereign Gold Bond (SGB) 2017-18 Series I. The bonds, issued in May 2017, are scheduled to mature on May 9, 2025, marking the completion of their 8-year tenor. As per RBI’s press release dated May 2, 2025, the final redemption price is ₹9,486 per gram.

Methodology Behind the Redemption Price Calculation

The redemption price has been determined based on the simple average of the closing prices of gold of 999 purity, published by the India Bullion and Jewellers Association Ltd. For the final week of April leading into May 2025, prices from April 28, 29, and 30 were considered, since May 1 was a holiday and May 10–12 fall on weekends and market holidays.

Issue Price in 2017: A Look Back

When the SGB 2017-18 Series I was first offered in May 2017, the issue price stood at ₹2,951 per gram. Investors who subscribed online were granted a ₹50 discount per gram, effectively reducing their purchase cost to ₹2,901. The attractive pricing, combined with the appreciation in gold value over the years, has translated into a substantial capital gain for holders.

Impressive Returns for SGB Holders

With the final redemption price fixed at ₹9,486 per gram, the absolute return over eight years stands at 221% (based on the ₹2,951 issue price). This does not include the semi-annual interest of 2.5% per annum that SGB investors earn during the holding period. Hence, the actual overall return for investors is even higher when the interest income is accounted for.

Illustration of Gains from a 50-Gram Investment

Consider an individual who invested in 50 grams of SGB units at the issue price of ₹2,951 per gram. The total investment would have been ₹1,47,550. Upon redemption in May 2025, the investor would receive ₹4,74,300 based on the final price of ₹9,486 per gram.

This translates into a gain of ₹3,26,750. Additionally, the entire maturity amount is exempt from tax, which significantly enhances the post-tax return.

Read More: Did You Know RBI Decided the SGB Redemption Price at ₹8,624 Per Unit?

Tax Exemption on Maturity Amount

A key benefit of Sovereign Gold Bonds lies in their tax treatment. While the periodic interest is taxable as per an individual’s income tax slab, the capital gains upon maturity are completely tax-free. This makes SGBs an efficient long-term holding for those seeking both capital appreciation and tax optimisation.

Conclusion

The final redemption of the Sovereign Gold Bond 2017-18 Series I underscores the potential of long-term gold-linked investments. While gold price trends remain influenced by global macroeconomic factors, the SGB structure offers a unique blend of market-linked returns, fixed interest income, and favourable tax treatment.

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.

India Considers Major Tax Reliefs for Saudi Wealth Fund Investments

According to a Financial Express news report, India and Saudi Arabia are exploring deeper economic collaboration, with the spotlight now on incentivising long-term foreign investments. During Prime Minister Narendra Modi’s recent visit to Riyadh, key discussions centred around Saudi Arabia’s ambitious plan to invest up to $100 billion in India. These investments would span across critical sectors such as infrastructure, energy, technology, and healthcare.

What Is the Public Investment Fund (PIF)?

The Public Investment Fund (PIF) is Saudi Arabia’s sovereign wealth fund, managing assets worth approximately $925 billion. With a strategic focus on global diversification beyond oil, PIF has gradually increased its presence in India, including $1.5 billion in Jio Platforms and $1.3 billion in Reliance Retail Ventures Ltd – the retail initiative of Reliance Industries Limited. However, compared to its global portfolio, its Indian exposure remains limited.

 

Read More: Reliance Share Price Hits 4-Month High Ahead of Q4FY25 Results: Board to Consider Dividend and Fundraising Plans

Proposed Tax Breaks: What Is Being Considered?

As reported by Financial Express, the Indian government is considering a range of tax incentives to facilitate these large-scale investments:

  • A 10-year tax holiday on profits derived from infrastructure projects.

  • Simplified exemption claims for dividends, interest, and long-term capital gains (LTCG) on infra-related investments.

  • Inclusion under Section 10(23FE) of the Income Tax Act aligns PIF’s benefits with those already enjoyed by the Abu Dhabi Investment Authority (ADIA).

Section 10(23FE) and Section 80IA: The Tax Framework

Section 10(23FE) of the Income Tax Act offers tax exemptions to sovereign wealth funds (SWFs) and global pension funds on income earned through interest, dividends, and LTCGs from specified infrastructure investments in India. Presently, entities like ADIA are explicitly mentioned in this provision. Inclusion of PIF in this section would streamline its access to tax benefits, reducing procedural barriers.

Additionally, Section 80IA allows for a tax holiday of up to ten years on profits derived from infrastructure projects, potentially boosting the internal rate of return (IRR) for long-gestation investments.

A Parallel to ADIA: Seeking Equal Treatment

Officials suggest that Saudi Arabia is keen on ensuring that PIF receives similar treatment to ADIA in the Indian tax framework. While PIF is already technically eligible under Section 10(23FE), a named inclusion, like that of ADIA, would likely eliminate ambiguity and administrative friction.

Structuring Investments: InvITs as a Gateway

Financial Express also reports that Saudi Aramco, a separate state-run oil major and not an SWF, is exploring a 20% stake each in the upcoming ONGC and BPCL refineries on India’s west and east coasts. Since Aramco is not eligible for tax benefits under Section 10(23FE), it may collaborate with these firms to set up Infrastructure Investment Trusts (InvITs).

PIF could then invest in these InvITs and legally claim tax exemptions on dividend income—an effective structure aligning investment goals with India’s tax regulations.

High-Level Task Force: Facilitating Bilateral Investment

In 2024, a High-Level Task Force (HLTF) was constituted to deepen bilateral investment partnerships. According to Financial Express, the HLTF has made significant progress in aligning taxation policies, marking a major breakthrough in Indo-Saudi cooperation.

Conclusion

Saudi Arabia has expressed clear interest in India’s growth story, targeting sectors including:

  • Petrochemicals and energy infrastructure

  • Telecommunications and digital infrastructure

  • Fintech and health-tech

  • Manufacturing and pharmaceuticals

These interests reflect the PIF’s strategy to support long-term projects in fast-growing economies. India’s reciprocal efforts through tax reforms and procedural clarity could pave the way for substantial capital inflows and strategic collaboration.

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.

Paying EMIs But No Flat in Hand? Supreme Court Steps In to Protect Homebuyers

In a significant move that could reshape the real estate landscape, the Supreme Court of India has directed the Central Bureau of Investigation (CBI) to initiate seven preliminary inquiries into an alleged “unholy nexus” between developers and banks in the Delhi-NCR region. This directive arose during the hearing of petitions filed by aggrieved homebuyers, many of whom are still servicing EMIs for properties they have never taken possession of.

Builders and Banks Under the Scanner

The court, led by Justices Surya Kant and N Kotiswar Singh, made scathing observations about the conduct of both developers and financial institutions. The bench noted, “This is nothing but a complete connivance between the builders and banks, and the innocent homebuyers have been taken for a ride.”

Among the developers named, Supertech has emerged as a major defaulter. The court has ordered that the CBI proceed in phases, beginning with preliminary investigations before any First Information Reports (FIRs) are registered.

Formation of a Multi-Agency Special Investigation Team

In a move to ensure thorough oversight, a Special Investigation Team (SIT) will be set up. This team will include representatives from:

  • Uttar Pradesh RERA (UP RERA)

  • Haryana RERA (HRERA)

  • State police departments of Uttar Pradesh and Haryana

  • A Chartered Accountant nominated by the Institute of Chartered Accountants of India (ICAI)

Corporation Bank, identified as the lender with the highest loan exposure in these disputed projects, has been directed to fund the administrative support required by the amicus curiae and law clerk assisting the Court.

Relief for Homebuyers: Supreme Court’s Protective Measures

Importantly, the Court has taken a stern view of coercive measures employed by banks, such as sending recovery notices or threatening legal action, even while the matter remains sub judice. The bench has granted interim relief to homebuyers, warning that any misuse of court directions by financial institutions will result in strict accountability for responsible officers.

Read More: Rise of Fresh Homes: How India’s Real Estate Market Shifted in 2024?

Subvention Schemes: The Root of the Problem?

A large number of affected buyers had signed up for subvention schemes under which developers were to pay the EMIs until project possession. However, once builders defaulted on these payments, banks began pursuing buyers for the entire liability. Projects in areas like Noida, Greater Noida, and Gurugram are either indefinitely delayed or caught in insolvency proceedings, leaving buyers financially and emotionally drained.

What Can Homebuyers Do Now?

While the Supreme Court’s intervention has opened a critical legal pathway, homebuyers must remain vigilant and proactive. Here are several steps to consider:

Assert Legal Protection

The Court’s interim order protects buyers from aggressive recovery tactics. Any instance of coercion, such as seizure threats, cheque bounce charges, or legal notices, should be reported immediately through legal counsel or appropriate channels.

Cooperate with Investigative Agencies

Buyers should prepare to cooperate with the CBI and SIT as needed. This may involve providing documents or statements to aid the inquiry process.

Preserve All Documentation

Maintain all records, such as builder-buyer agreements, home loan disbursement letters, payment receipts, and communications with both the developer and bank. These may prove crucial during investigations or court proceedings.

Approach RERA and Consumer Forums

Register formal complaints with RERA for project delays or builder misconduct. Parallelly, explore avenues through consumer courts or provisions under the Insolvency and Bankruptcy Code, where applicable.

Build or Join Buyer Associations

The collective organisation can offer strength. Coordinated legal strategies, public awareness campaigns, and consolidated representation before the SIT can enhance the impact of individual grievances.

Escalate to the Reserve Bank of India

In instances where banks have violated disbursal protocols or sanctioned loans despite incomplete project approvals, homebuyers can escalate the matter to the RBI or respective RERA authorities.

Consult Professional Advisors

For help navigating financial liabilities, credit impact, or possible arbitration options, it’s wise to consult experts, especially Chartered Accountants affiliated with regulatory bodies.

Conclusion 

This evolving situation marks a turning point in the accountability of both developers and financiers. While the legal process will take time, the Supreme Court’s order provides a much-needed lifeline to homebuyers awaiting justice.

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.

YEIDA Steps In to Revive 12 Stalled Jaypee Projects, Bringing Relief to Over 8,000 Homebuyers

Thousands of homebuyers who invested in the dream of owning a home along the Yamuna Expressway have been left in limbo for years, following delays and non-delivery by Jaiprakash Associates Limited (JAL). However, the Yamuna Expressway Industrial Development Authority (YEIDA) has now stepped in with a decisive plan to revive and complete these long-stalled housing projects.

In a meeting with aggrieved buyers on May 2, YEIDA CEO Arun Vir Singh announced that the authority would fund and oversee the completion of 12 pending residential projects. This intervention comes as a direct outcome of the Allahabad High Court’s directive, which upheld YEIDA’s earlier decision to cancel land allotments made to the Jaypee Group.

Dedicated Online Portal for Affected Buyers

A report published in the Hindustan Times newspaper said, to streamline communication and bring transparency, YEIDA will soon launch a dedicated online portal. This portal is designed to:

  • Provide real-time updates on project progress

  • Enable submission of payment histories and registration details

  • Allow buyers to choose between continuing with the project or requesting a refund

The aim is to minimise physical visits to YEIDA offices and offer homebuyers a centralised and accessible platform for grievance redressal and project-related communication.

Currie & Brown Engaged for Technical Assessment

YEIDA has appointed the consulting firm Currie & Brown to conduct a thorough survey and assess the current state of the 12 incomplete housing projects. The report is expected within 15 days and will serve as the foundation for preparing a request for proposal (RFP) to bring on board a new developer.

The selected developer will work under the Engineering, Procurement, and Construction (EPC) model to ensure the timely delivery of homes.

Court-Backed Authority Over Project Execution

Following a prolonged legal battle, the Allahabad High Court officially transferred control of the projects from JAL to YEIDA. The court upheld YEIDA’s cancellation of the developer’s lease due to non-payment of dues in February 2020. The ruling grants YEIDA full rights over the project land, including the authority to complete construction.

A court-mandated committee has been formed to oversee the process, comprising high-level officials such as:

  • Principal Secretary, Industrial Development

  • Chairman of UP-RERA or a nominated member

  • YEIDA CEO Arun Vir Singh

  • Housing department representative

  • Authorised representative of the homebuyers

Representation for Homebuyers in Revival Process

To ensure buyer interests are safeguarded, Amarpal, who has been advocating for homebuyers in the National Company Law Tribunal (NCLT), has been appointed as their official representative on the High Court committee. Additionally, a sub-committee of various homebuyer associations will liaise with the authority.

OSD Shailendra Bhatia will serve as the nodal officer, responsible for handling buyer grievances and ensuring smooth coordination across all parties involved.

Read More: Jaiprakash Associates Hits Upper Circuit Amid Insolvency Proceedings: List of 26 Bidders Including Adani, Vedanta, and Patanjali. 

Relief in the Form of ‘Zero Period’ and No Interest Liability

In a significant relief for homebuyers, the High Court declared the period from February 2020 (when JAL’s lease was cancelled) to March 2024 (the date of the judgment) as a ‘zero period’. This means:

  • Homebuyers will not have to pay any interest on their outstanding dues for this duration

  • Buyers who wish to continue can do so without additional financial burden

This ruling aims to ease the financial distress of over 8,000 affected buyers and reignite stalled dreams of homeownership.

Background: A Project That Promised More Than It Delivered

The origin of the issue dates back to 2008, when YEIDA allotted nearly 1,000 hectares of land under the Special Development Zone (SDZ) to Jaypee International Sports, a subsidiary of JAL, for the development of a sports city. While the world-class Buddh International Circuit was constructed and even hosted a MotoGP race in 2023, many associated residential projects remained incomplete, leaving homebuyers in the lurch.

YEIDA’s renewed involvement signals an effort to rectify the legacy of delays and non-performance that has haunted the project for over a decade.

Conclusion

Alongside completing the residential projects, YEIDA has also confirmed plans to continue with the development of international-standard sports infrastructure in the region, as was initially envisioned.

The combination of judicial support, administrative will, and transparent digital processes provides a structured path forward for thousands who have waited over a decade for their homes.

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.

Multi-Crore Car Rental Scam Busted in Thane: 1,375 Investors Duped of ₹20 Crore

According to a news report, Authorities in Maharashtra’s Thane district have uncovered a large-scale car rental investment scam in which at least 1,375 investors were allegedly defrauded of nearly ₹20 crore. The Mira-Bhayandar Vasai-Virar (MBVV) police arrested 2 individuals in connection with the scheme and have recovered 246 vehicles that were purchased by the victims.

The Modus Operandi: Promises of High Monthly Returns

According to police reports, the key accused, Sandeep Suresh Kandalkar also known by the alias Raju Rajiv Joshi enticed investors into purchasing pickup tempos and four-wheelers. He assured them of lucrative monthly returns ranging from ₹55,000 to ₹75,000 in exchange for allowing the vehicles to be used for rental purposes.

The scheme was pitched as a commercial vehicle deployment opportunity at strategic locations such as airports and the Jawaharlal Nehru Port Trust. The proposals were formalised through agreements made on ₹100 stamp papers, and payments were collected via online transactions.

Read More: Investment Scams: Spotting and Stopping Them. 

The Initial Illusion of Legitimacy

To build credibility and gain investor trust, Kandalkar reportedly fulfilled the promised returns during the initial months. This tactic further encouraged others to invest. However, once a substantial number of investors had entered the scheme, the payouts stopped, triggering suspicion and complaints.

Investigation and Recovery Efforts

Following the registration of a formal complaint on 20 April, the MBVV police initiated an in-depth investigation. As a result, 246 vehicles were traced and recovered from various states, with an estimated combined value of around ₹25 crore.

These vehicles had been operating under fraudulent arrangements, and many were unaware that they were part of a broader scam.

A History of Deceit

Investigators have revealed that Kandalkar has a long-standing criminal background, with at least 13 cases of cheating and misappropriation registered against him in cities including Mumbai, Navi Mumbai, Pune, Nashik, and Bharuch in Gujarat.

Given the scale and nature of the fraud, provisions under organised crime legislation have also been invoked.

Conclusion 

The case highlights the increasing sophistication of financial frauds and underscores the importance of regulatory oversight and investor caution in non-traditional investment schemes. The investigation remains ongoing as authorities continue to trace assets and identify further accomplices.

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.

FAQs on SEBI’s MITRA: Tracing Unclaimed Mutual Fund Investments

The Securities and Exchange Board of India (SEBI) has launched a new digital initiative called the Mutual Fund Investment Tracing and Retrieval Assistant (MITRA). This tool is designed to help individuals locate unclaimed or forgotten mutual fund investments. By simply entering their PAN (Permanent Account Number) or PEKRN (PAN Exempt KYC Reference Number), investors can identify any dormant folios that exist under their name.

MITRA is a free and easy-to-use facility, aiming to bring transparency and accessibility to retail investors across the country.

Why is MITRA a Significant Development?

Over the years, it has become common for investors to lose track of their mutual fund holdings, especially when investments are made long ago or by family members who have since passed away. In many cases, these investments remain unclaimed or inactive due to outdated contact details or forgotten folio numbers.

MITRA addresses this issue by acting as a centralised tool for tracing lost mutual fund investments, thereby supporting rightful claims and reducing unclaimed assets in the financial system.

Read More: SEBI Introduces MITRA Platform to Help Investors Trace Inactive and Unclaimed Mutual Fund Folios. 

How to Access and Use the MITRA portal?

Investors can access MITRA by visiting the Association of Mutual Funds in India (AMFI) website at www.amfiindia.com. The MITRA portal can be found under the ‘Online Centre’ section.

Steps to use MITRA:

  1. Visit the Investor Corner on AMFI’s website. 
  2. Click on the MITRA link. 
  3. Enter your PAN or PEKRN number. 
  4. The system will display any unclaimed or inactive mutual fund folios linked to the entered details. 
  5. Follow the on-screen guidance to initiate the process for claiming the identified investments.

What Qualifies as an Inactive Folio?

A mutual fund folio is deemed inactive if there has been no investor-initiated transaction for 10 years, even though units remain in the account.

This typically occurs due to:

  • Investors are forgetting about the investments. 
  • Change of mobile numbers, email addresses, or postal addresses without updating KYC details. 
  • Lack of awareness among legal heirs or nominees about the investments made by deceased family members.

Role of Mutual Fund Distributors in Using MITRA

Distributors and advisors can play an essential role in:

  • Educating clients about MITRA. 
  • Assisting in the retrieval process, especially for clients less familiar with online tools. 
  • Ensuring PAN, nominee, and contact details are always updated for all investments. 
  • Helping families trace legacy investments that may otherwise remain unclaimed.

By actively engaging with clients on this front, distributors not only enhance client satisfaction but also reinforce the trust and value they bring to long-term investment planning.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

Conclusion 

SEBI’s MITRA portal is a step towards financial empowerment and investor protection. It bridges a crucial gap in the mutual fund industry by making it easier for investors to reclaim what’s rightfully theirs. For financial intermediaries and investors alike, MITRA is a timely tool that simplifies an otherwise complex and often overlooked process.

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 are subject to market risks, read all scheme-related documents carefully.

Nippon India MF Leads Gold and Silver ETF Trade on Akshaya Tritiya with 63% Share

Akshaya Tritiya, a festival celebrated for ushering in wealth and prosperity, typically sees a spike in purchases of gold and other valuables. This year, however, investors showed increasing interest in a more modern form of investing, exchange-traded funds (ETFs) backed by precious metals.

Nippon India MF Emerges as Volume Leader

On this auspicious day, Nippon India Mutual Fund (NIMF) reported ₹404 crore in combined volumes across its gold and silver ETFs. This figure represented an impressive 63% of the total traded volume in this category, firmly positioning NIMF as the volume leader in the segment.

Liquidity and Impact Cost: Key Market Considerations

Higher traded volumes on NIMF’s ETFs are indicative of greater liquidity—an important factor for market participants seeking to reduce tracking errors and minimise impact costs. ETFs with high liquidity allow for more efficient trade execution, enhancing overall investment experience.

Growing Popularity of Gold and Silver ETFs

According to Arun Sundaresan, Head of ETF at Nippon Life India Asset Management, there has been a noticeable uptick in investor interest in gold and silver through ETFs. These products offer a seamless and secure alternative to physical ownership, eliminating concerns about purity, storage, and security.

Read More: Difference Between Gold ETF And Gold Fund.

Strong Industry Presence and Market Share

For the financial year 2024–25, Nippon India Mutual Fund accounted for 60% of the industry’s average daily volume in gold and silver ETFs. The fund house also boasts the largest ETF investor base in India, with 1.43 crore investors, constituting 53% of the total ETF investor count across the mutual fund industry.

Conclusion

With a combination of consistent performance, high liquidity, and widespread investor participation, NIMF continues to reinforce its position in the ETF space. Its dominance during Akshaya Tritiya serves as a testament to its operational scale and investor confidence in its offerings.

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 are subject to market risks, read all scheme-related documents carefully.

Swiggy’s Hyperlocal Delivery Service Genie Stopped Temporarily in Multiple Cities

According to news reports, Swiggy has paused its Genie service, a hyperlocal delivery service which offered pickup and drop-off facilities, in several cities. The feature is missing or marked as “temporarily unavailable” in places like Bengaluru, Delhi-NCR, Mumbai and Pune. Swiggy offer Genie service in nearly 70 cities.

Reason Behind the Suspension

Swiggy mentioned “operational issues” as the reason for stopping the Genie service. While the exact date of return is not known, the company assured users that efforts are being made to resume the service soon.

This move aligns with a wider trend in quick commerce. For instance, Zomato’s recent closure of its “Quick” 15-minute food delivery service after only four months illustrates this shift. These adjustments indicate platforms are re-evaluating their strategies to prioritise services with greater operational efficiency and more evident customer demand.

Genie Faced Similar Issues Before

This isn’t the first time Genie has been paused. Back in 2022, Swiggy had stopped the service in cities like Bengaluru, Mumbai and Hyderabad due to high demand for food delivery and Instamart services.

Focus Shifts to Bolt Service

The suspension comes soon after Swiggy expanded its 10-minute delivery service called Bolt to 500 cities. Bolt delivers selected food items quickly from nearby restaurants and now makes up over 10% of Swiggy’s total orders. It has more than 45,000 restaurants, including top chains like KFC, McDonald’s and Subway.

 

Read More: Swiggy Allots ₹443 Cr Worth Shares to Employees Under ESOP

Share Performance 

As of May 05, 2025, at 11:40 AM, Swiggy Limited share price is trading at ₹321.15 per share, reflecting a surge of 5.19% from the previous closing price. Over the past month, the stock has declined by 0.17%. The stock’s 52-week high stands at ₹617.30 per share, while its low is ₹303.00 per share.

Conclusion

Swiggy’s pause on Genie highlights a shift in focus toward faster delivery with Bolt, as the company adapts to growing demand and operational priorities.

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