India Becomes 2nd Largest Mobile Manufacturer: Manufactures 99.2% of Its Mobile Phones

India has made remarkable strides in mobile and electronics manufacturing, emerging as the world’s 2nd-largest mobile manufacturing country. A decade ago, in 2014, India had only two mobile manufacturing units. Fast forward to today, and the nation now boasts over 300 manufacturing facilities, demonstrating its rapid industrial progress.

Back in 2014-15, merely 26% of the mobile phones sold in India were locally made, with the remaining majority imported. Today, an astounding 99.2% of all mobile phones sold in India are manufactured domestically. The industry’s production value has skyrocketed from ₹18,900 crore in FY14 to an impressive ₹4,22,000 crore in FY24.

The growth in production has also led to a sharp increase in exports. In 2014, India had negligible mobile phone exports. However, today, India’s mobile phone exports have crossed ₹1,29,000 crore, marking a significant shift from dependency on imports to becoming a global exporter.

Job Creation in Electronics Manufacturing

The expansion of mobile manufacturing has not only boosted production numbers but also significantly contributed to employment generation. Over the past decade, the sector has created approximately 12 lakh direct and indirect jobs, uplifting families and strengthening the country’s socio-economic framework.

The ‘Make in India initiative has played a crucial role in enabling domestic production of key electronic components, including chargers, battery packs, USB cables, display assemblies, camera modules, and even complex parts like lithium-ion cells, speakers, and microphones. This localisation effort is not only reducing dependency on imports but also enhancing India’s capability as an electronics manufacturing hub.

Expanding the Value Chain: India’s Semiconductor Vision

The next step in India’s manufacturing evolution is deepening the value chain, particularly in semiconductor and high-tech component production. Union Minister for Electronics and Information Technology, Railways, and Information & Broadcasting, Sh. Ashwini Vaishnaw highlighted the country’s ambitious goal of establishing a robust semiconductor industry.

Historically, from 1950 to 1990, restrictive policies hindered manufacturing growth. However, the ‘Make in India’ movement is reversing this trend, fostering a robust ecosystem for component and chip production. India’s semiconductor manufacturing journey has been in the making for over six decades, and with recent initiatives, tangible progress is being made.

Under the India Semiconductor Mission, 5 major semiconductor projects have been approved, including:

  • Micron Technology’s semiconductor plant
  • 2 projects by Tata Electronics
  • CG Power’s semiconductor initiative
  • Kaynes’ advanced electronics project

These developments will play a pivotal role in securing India’s position as a global leader in the electronics market.

‘Make in India’ Shaping the Future of Manufacturing

Beyond mobile phones, India’s manufacturing resurgence is extending to diverse sectors, including defence equipment, electric vehicle components, and even the toy industry. The vision set forth by Prime Minister Sh. Narendra Modi aims to transform India into a global manufacturing hub, ensuring self-reliance, economic growth, and job creation.

By focusing on innovation, deeper value chain integration, and cutting-edge technology, India is well on its way to establishing itself as a powerhouse in electronics manufacturing. The transition from being an import-dependent country to a significant global exporter underscores the success of the ‘Make in India’ initiative and paves the way for even greater industrial achievements in the coming years.

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

Godfrey Phillips India Gets GST Demand Order of ₹166 Crore

Godfrey Phillips India Limited Faces ₹166 Crore GST Order. The order was issued due to the alleged undervaluation of goods, leading to a shortfall in tax payments. The company has mentioned that this order will not have a major effect on its financial situation. 

Overview of the GST Order  

Godfrey Phillips India Ltd received an official order from the Office of the Commissioner of CGST and Central Excise, Belapur, Navi Mumbai. The order was issued under the Central Goods and Services Tax Act, 2017 and related regulations, citing concerns over alleged tax discrepancies. 

Details of the Allegations and Penalties  

The tax authorities have raised concerns regarding the undervaluation of goods supplied by the company, which reportedly led to a shortfall in tax payments. As a result, the company has been directed to pay a total of ₹166 Crore.

  • GST Demand: ₹70.34 crore
  • GST Compensation Cess: ₹12.56 crore
  • Penalty: ₹82.90 crore
  • Interest: Amount yet to be calculated

Financial and Operational Impact  

Despite the significant financial implications of the order, the company has clarified that it will not materially affect its overall financial performance or business operations. Godfrey Phillips India Limited is currently assessing its legal options including the possibility of filing an appeal against the order. The company remains committed to complying with all regulatory requirements and ensuring that the matter is addressed appropriately.

About Godfrey Phillips

Godfrey Phillips India Ltd., part of Modi Enterprises, is a leading cigarette manufacturer in India. Originally founded in London, it has expanded beyond tobacco to include tea, pan masala and confectionery. GPI produces popular cigarette brands like Four Square and Red and White and manufactures Marlboro in India under a license with Philip Morris International. With a strong presence in northern and western India, it is now expanding into other regions.

Godfrey Phillips Share Performance 

As of February 05, 2025, at 10:15 AM, the shares are trading at ₹4,694.90 per share, down 0.62% from yesterday’s closing price. Over the last month, the stock has fallen by 4.49% and over the last year, it has declined by 6.76%. The stock has a 52-week high and 52-week low of ₹8,480 per share and ₹2,285 per share respectively.

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.

Hazoor Multi Projects Awarded LAO for User Fee Collection Project Worth ₹67.16 Crores

HMPL, established in 1992, is a leading Indian infrastructure development company specialising in Engineering, Procurement, and Construction (EPC) contracting. With a strong presence in road construction, HMPL has successfully delivered high-quality projects for respected government entities like the Maharashtra State Road Development Corporation Ltd. and the National Highways Authority of India (NHAI).

Awarded Contract from NHAI

Hazoor Multi Projects Limited has recently been awarded a prestigious contract by the National Highways Authority of India (NHAI) to manage user fee collection for a major highway project in Karnataka. 

This Letter of Acceptance (LOA) was granted following a rigorous and competitive e-tendering process, underscoring Hazoor Multi Projects’ expertise, reliability, and unwavering commitment to excellence in infrastructure development.

The contract involves collecting user fees at the Hulikunte Fee Plaza on NH648’s Dobaspet to Dodaballapur Bypass in Karnataka, covering km 0.00 to km 42.00. Hazoor Multi Projects will also manage the maintenance of nearby toilet blocks, including replenishing consumables, and ensuring excellent public service. Valued at ₹67.16 crore, the contract must be completed within a year, ensuring the infrastructure remains functional and well-maintained.

Hazoor Multi Projects Q2 FY25 Results

Hazoor Multi Projects Limited experienced a significant decline in Q1 2024, with net profit dropping by 99.61% to ₹0.08 crore and sales falling by 78.97% to ₹34.16 crore. However, the company showed resilience in Q2 2024, with operating cash flow reaching ₹69.61 crore, its highest in three years, and an increased dividend of ₹3 per share. 

Despite these positives, the half-yearly profit after tax fell by 86.14%, and net sales decreased by 15.4% compared to the average of the previous four quarters, highlighting ongoing challenges in profitability and revenue generation.

Share Price Performance 

At 10:15 AM on February 5, 2025, Hazoor Multi Projects Limited (HMPL) shares traded at ₹52.45 per share on the NSE.

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.

Jindal Steel & Power Among Winners of Coal Gasification Incentives

Jindal Steel and Power Limited (JSPL) is one of India’s foremost industrial giants, renowned for its substantial presence in the steel, power, and mining sectors. Established by the visionary O.P. Jindal, the company is a key member of the esteemed Jindal Group, with its headquarters located in New Delhi.

JSPL and 2 Others Get Financial Incentive Scheme

JSPL, alongside New Era Cleantech Solution Pvt. Ltd. and Greta Energy Limited, has been selected to receive financial incentives under Category II of the Ministry of Coal’s scheme, marking a pivotal achievement in India’s ambitious coal gasification programme. 

The scheme, with a substantial financial outlay of ₹8,500 crore, aims to accelerate coal gasification, reduce carbon emissions, enhance energy security, and foster sustainable development. Launched on January 24, 2024, it invites both private enterprises and public sector undertakings to lead coal gasification projects. The Request for Proposals for Category II was issued on May 15, 2024, and technical bids were opened on January 10, 2025.

JSPL 2030 Plan

This initiative is a cornerstone of India’s strategy to reach 100 million tonnes of coal gasification by 2030. The increasing participation of industry leaders in this bidding process reflects the growing momentum behind coal gasification technologies, heralding a transformative shift in India’s energy landscape and its transition from traditional coal utilisation.

The successful culmination of this bidding process underscores the Ministry of Coal’s commitment to fostering a greener, more energy-efficient coal sector.

Jindal Steel And Power Q3 FY25 Results

In its Q3FY25 revenue reached ₹11,750.7 crore, a slight 0.4% increase compared to the same period last year. However, adjusted EBITDA experienced a significant 23.2% decline, falling to ₹2,183.9 crore due to increased operational costs and pricing pressures. Additionally, profit after tax saw a sharp 50.7% decrease, reaching ₹951 crore compared to the previous fiscal year.

JSPL’s steel production for the quarter reached 1.99 million tonnes, a 3% increase compared to the same period last year. Steel sales also saw growth, reaching 1.90 million tonnes, up 5% year-on-year. Exports made up 7% of the total sales for the quarter.

Share Price Performance 

At 10:00 AM on February 5, 2025, Jindal Steel And Power Ltd. shares traded at ₹800 per share on the NSE.

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.

Kotak Mutual Fund Files Draft For Nifty Alpha 50 Index Fund

Kotak Mahindra Mutual Fund has submitted a draft for the Kotak Nifty Alpha 50 Index Fund. This is an open-ended index fund that will replicate the Nifty Alpha 50 Index. The scheme aims to generate returns corresponding to the index’s performance, subject to tracking errors​.

Investment Allocation

The fund’s portfolio will consist of 95-100% equity investments in stocks that form part of the Nifty Alpha 50 Index. The remaining 0-5% can be allocated to debt or money market instruments. The fund may also use derivatives for short durations if needed​.

Nifty Alpha 50 Index 

The Nifty Alpha 50 Index consists of 50 stocks, selected based on their alpha values, which measure excess returns over the market. The index is reviewed quarterly using stock data from February, May, August, and November. The stocks with the highest alpha values are given greater weight​.

The fund will benchmark its performance against the Nifty Alpha 50 Index (Total Return Index – TRI). Since it follows a passive investment strategy, it is subject to tracking errors, which may arise due to cash holdings, redemption pressures, and transaction costs​.

Fund Managers

The scheme will be managed by Devender Singhal and Satish Dondapati, while Abhishek Bisen will handle debt investments. Singhal has over 22 years of experience in equity research and fund management, while Dondapati specializes in ETFs and index funds​.

Minimum Investment and Redemption

  • Minimum purchase: ₹100 and in multiples thereafter.
  • Minimum additional investment: ₹100.
  • Minimum redemption: ₹100 or account balance, whichever is lower​.

The scheme allows daily buying and selling of units based on Net Asset Value (NAV). NAV will be published daily on the Kotak Mahindra Mutual Fund and AMFI websites​.

Fund Expenses and Exit Load

The total expense ratio (TER) will be capped at 1% of daily net assets, covering management fees, marketing expenses, and other costs. The fund has no exit load, meaning investors can redeem units without incurring additional charges​.

The Kotak Nifty Alpha 50 Index Fund is designed for investors looking to track a high-alpha index without active management. It provides exposure to stocks with good historical performance while maintaining a rule-based approach.

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. 

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

Kotak Nifty 200 Quality 30 Index Fund Files Draft with SEBI

Kotak Mahindra Mutual Fund has filed a draft scheme document with the Securities and Exchange Board of India (SEBI) for the Kotak Nifty 200 Quality 30 Index Fund, an open-ended index fund that will track the Nifty 200 Quality 30 Index. 

The fund aims to replicate the index’s composition and generate returns corresponding to its performance, subject to tracking errors.

Fund Structure and Objective

The Kotak Nifty 200 Quality 30 Index Fund is an index-based scheme that will passively invest in the stocks included in the Nifty 200 Quality 30 Index, maintaining their respective weights. The objective is to provide investors exposure to companies selected based on return on equity (ROE), earnings growth stability, and financial leverage.

The fund does not actively manage stock selection but rather mirrors the benchmark index. There is no guarantee of returns, and the fund’s performance will depend on the movement of the underlying index.

Asset Allocation

  • 95-100% of the fund’s assets will be invested in equities that are part of the Nifty 200 Quality 30 Index.
  • Up to 5% may be allocated to debt or money market instruments to manage liquidity.
  • No investments in foreign securities, REITs, InvITs, or structured obligations.

New Fund Offer (NFO) Details

  • Issue Price: ₹10 per unit
  • Minimum Investment: ₹100 and in multiples of ₹1 thereafter
  • Liquidity: Open for subscription and redemption on all business days post-NFO
  • Benchmark: Nifty 200 Quality 30 Index (Total Return Index)

These details are outlined in the fund’s offer document, providing essential information for investors considering participation in the New Fund Offering (NFO).

Fund Management 

The fund will be managed by Devender Singhal and Satish Dondapati, with Abhishek Bisen handling the debt portion. Since it’s an index fund, returns will depend on how the underlying stocks perform. Investors may want to go through the offer document before deciding to invest.

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

NFO Alert: Bajaj Finserv Mutual Fund Launches Bajaj Finserv Multi Cap Fund

Bajaj Finserv Mutual Fund has launched a New Fund Offering (NFO) with its Multi Cap Fund – Regular (G), opening doors for investors looking to diversify across large, mid, and small-cap stocks. The open-ended equity scheme aims for long-term capital appreciation by investing in companies of varying market capitalisations.

Investment Details

Metrics Details
Category Equity (Diversified)
Scheme Type Open-ended
Risk Level Very High
Minimum Investment ₹500
Incremental Investment ₹100
NAV Calculation Daily
Fund Manager Nimesh Chandan

Subscription Window and Exit Load

The NFO opens on February 6, 2025, and will be available for subscription until February 20, 2025. Investors can enter with a minimum investment of ₹500, with additional investments in increments of ₹100. Since it is an open-ended scheme, investors can continue investing even after the NFO period ends. 

However, an exit load may apply if units are redeemed within a specific timeframe, details of which will be disclosed in the scheme documents.

Why Multi Cap Investing?

A multi-cap fund offers exposure to a mix of large, mid, and small-cap stocks, balancing stability with growth potential. Large-cap companies provide reliability, mid-cap stocks offer growth opportunities, and small-cap investments introduce high-risk, high-reward possibilities. This approach helps spread risk while capturing potential across market segments.

Fund Objective 

The Bajaj Finserv Multi Cap Fund is for investors seeking long-term capital appreciation. While the scheme aims to deliver returns by investing in equity and equity-related instruments across market capitalizations, there is no guarantee of achieving its stated objective. Given its very high risk level, investors should align their financial goals and risk appetite before committing funds.

With daily NAV calculations, transparent pricing, and fund management by Nimesh Chandan, the scheme presents an option for those looking to diversify their equity investments across market caps. Investors should evaluate the fund’s strategy in alignment with their portfolio goals before subscribing.

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

NFO Alert: HSBC Mutual Fund Launches HSBC Financial Services Fund

HSBC Mutual Fund has launched the HSBC Financial Services Fund, an open-ended equity scheme focused on the financial sector. The New Fund Offer (NFO) will be open for subscription from February 6, 2025, to February 20, 2025.

Investment Objective

The scheme aims to achieve long-term capital appreciation by investing mainly in equity and equity-related securities of companies in the financial services sector. This includes banks, NBFCs, insurance companies, and other financial institutions.

Basic Details

  • Fund House: HSBC Mutual Fund
  • Category: Equity – Sectoral (Banking & Financial Services)
  • Fund Type: Open-ended
  • Minimum Investment: ₹5,000
  • Investment Plans: Growth, IDCW (Income Distribution cum Capital Withdrawal)
  • Lock-in Period: None
  • Exit Load: 1% on redemption exceeding 10% of investment within one year
  • Risk Level: Very High (as per the riskometer)
  • Benchmark Index: BSE Financial Services TRI

Fund Management

The fund will be managed by Gautam Bhupal. Computer Age Management Services Ltd. (CAMS) is the Registrar & Transfer Agent for this scheme.

Being a sectoral fund, it invests only in the financial services sector. Its performance is directly tied to how the financial sector performs. Investors with a high-risk appetite and a long-term investment outlook may consider it.

Liquidity and Redemption

Since it is an open-ended fund, investors can buy or sell units at any time. However, an exit load of 1% applies if more than 10% of the investment is redeemed within one year.

In conclusion, sectoral funds concentrate on a specific industry, which can lead to higher risk and potential rewards. Investors should assess whether a financial services-focused fund aligns with their portfolio and risk tolerance before investing.

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.

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.

Changes in Fundamental Attributes of DSP Global Allocation Fund of Fund

DSP Mutual Fund has announced changes to the fundamental attributes of DSP Global Allocation Fund of Fund. These changes, which include a shift in investment focus, a new name, a revised benchmark, and a change in risk classification, will be effective from March 11, 2025.

Change in Scheme Name

The fund will now be called DSP Income Plus Arbitrage Fund of Fund, replacing its earlier name. This renaming aligns with the shift in its investment objective.

The scheme will now be managed by Kaivalya Nadkarni (Arbitrage) and Shantanu Godambe (Debt).

Updated Objective and Asset Allocation

The revised objective focuses on generating income by investing in units of debt-oriented mutual fund schemes and arbitrage schemes. The updated asset allocation states that 95%-100% of the fund’s assets will now be invested in these categories. The earlier strategy, which involved exposure to global markets, has been removed.

Change in Benchmark

The benchmark has been changed from the MSCI All Country World Total Return Index to a combination of:

  • CRISIL Dynamic Bond A-III Index (60%)
  • NIFTY 50 Arbitrage Index (40%)

The risk classification has been adjusted from “Very High” to “Moderate” due to the shift from international equity exposure to debt and arbitrage investments.

Exit Option for Investors

Investors who do not agree with these changes can exit the scheme without any exit load during a 32-day exit window from February 7, 2025, to March 10, 2025. Investors who are fine with the changes are not required to take any action.

These changes alter the structure and strategy of the fund, shifting its focus from global exposure to a domestic income-based approach.

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.

DSP Mutual Fund Announces Income Distribution Under IDCW Option

DSP Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for some of its schemes. The record date for this distribution is February 6, 2025.

Distribution Details

Investors holding units in the specified schemes on the record date will be eligible to receive the income distribution. The per-unit payout for each scheme is as follows:

Scheme Distribution (₹/unit)
DSP Focus Direct-IDCW 3.4
DSP Focus- Reg-IDCW 1.8
DSP Global Clean Energy Fund of Fund 

Direct-IDCW

 0.7
DSP Global Clean Energy Fund of Fund

Reg-IDCW

 0.6
DSP India T.I.G.E.R. Direct-IDCW 4.4
DSP India T.I.G.E.R. Reg-IDCW 2.4

Understanding IDCW

IDCW, formerly referred to as dividends in mutual funds, involves periodic payouts from a scheme’s distributable surplus. These payouts depend on the availability of funds and are not fixed. Investors should note that IDCW is subject to taxation, with tax deducted at source (TDS) applicable in some cases.

Record Date and Eligibility

The record date determines eligibility for the income distribution. Only unit holders whose names appear in the fund records by the end of February 6, 2025, will receive the announced payouts. Investors who purchase units after this date will not be eligible for the current distribution.

Other Considerations

These IDCW distributions provide existing investors with an income payout. Those considering mutual fund investments should assess their financial goals and tax implications before selecting between IDCW and growth options.

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. 

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