Income Distribution Announced by Baroda BNP Paribas Mutual Fund

Baroda BNP Paribas Mutual Fund has announced income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for a few of its schemes. The record date for these payouts is January 27, 2025. Investors holding units in these schemes on the record date will be eligible for the distribution.

Details of Multi Cap Scheme Distributions

The Baroda BNP Paribas Multi Cap schemes have declared the highest payouts in this announcement. The Baroda BNP Paribas Multi Cap Direct-IDCW option will distribute ₹0.45 per unit. On the other hand, the Baroda BNP Paribas Multi Cap-IDCW option has declared ₹0.43 per unit.

Aggressive Hybrid Scheme Payouts

Income distributions for the Baroda BNP Paribas Aggressive Hybrid schemes are also part of this announcement. The Baroda BNP Paribas Aggressive Hybrid Direct-IDCW option has a distribution of ₹0.15 per unit, while the Baroda BNP Paribas Aggressive Hybrid Reg-IDCW option will pay ₹0.13 per unit.

The record date, January 27, 2025, is the cut-off for eligibility. Investors who own units in these schemes on or before this date will qualify for the declared income distributions.

What Investors Should Know?

These payouts are distributed based on the units held and the NAV (Net Asset Value) of the schemes on the record date.

Investors are advised to check their portfolio for holdings in these schemes if they wish to avail of the announced distributions. For those considering investments, doing so before the record date could make them eligible for the current payouts. 

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

India Tops Global IPO Charts in 2024: A Landmark Year for the Market

In a historic first, India surged to the top of the global IPO rankings in 2024, claiming the number one spot by IPO volume. With a record-breaking 337 issues (including both mainline and SME), India outpaced the United States (183 issues) and Europe, achieving more than twice the number of listings. This remarkable milestone highlights India’s growing prominence in the global financial landscape.

India’s Unprecedented IPO Boom

According to the recently released EY Global IPO Trends 2024 report, India raised $19.9 billion through IPOs—the highest volume in over two decades. Driving this success were sectors like technology, media, telecom (TMT), industrials, and consumer goods, which globally dominated public offerings with a 60% combined share.

India’s rise is attributed to strong economic growth, a supportive regulatory framework, and a thriving investor-friendly environment. In a year marked by geopolitical shifts and economic realignments, India emerged as a beacon for IPO activity while other markets struggled to keep pace.

The Global IPO Landscape

The United States reclaimed its position as the leader in IPO proceeds, raising $32.8 billion in 2024—the highest since the 2021 boom. The U.S. also remained the top destination for international listings, with 101 deals accounting for 89% of such transactions.

In contrast, China’s IPO activity hit its lowest point in a decade due to tightened regulations, while Hong Kong rebounded with more local and overseas listings. Meanwhile, Malaysia posted a 19-year high in IPO activity, bolstered by favorable valuations and economic policies.

Globally, IPO markets witnessed a total of 1,215 issues, raising $121.2 billion. Private equity (PE) and venture capital (VC) firms played a pivotal role, contributing 46% of global IPO proceeds through portfolio company listings.

What Lies Ahead for 2025?

As per the report, the TMT sector is poised to lead the IPO wave in 2025, followed by industrials and health & life sciences. For India, the challenge will be to sustain its newfound dominance, leveraging innovation, economic stability, and investor confidence to continue attracting global and domestic capital.

With 2024 setting the stage, India’s capital markets are proving to be a powerhouse, cementing their place on the global map. Whether this momentum will carry into 2025 is a question the world will watch with bated breath.

Disclaimer: This blog has been written exclusively for educational purposes. 

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Power Demand to Double by 2032; Renewable Energy to Play a Significant Role in India’s Energy Mix

Union Minister for New and Renewable Energy, Shri Pralhad Joshi, highlighted India’s ambitious renewable energy target of 500 GW by 2030 at the Regional Review Meeting in Jaipur. Emphasising the rising power demand, expected to double by 2032, he underlined the critical role of renewable energy in the nation’s energy mix.

The event brought together officials, state ministers, and experts to review progress in the Northern Region, including states like Jammu & Kashmir, Himachal Pradesh, Rajasthan, and Uttar Pradesh. The discussion underscored India’s leadership in green energy and the government’s commitment to sustainability through initiatives like the Panchamrit pledge from COP26.

Achievements and Investments in the Renewable Energy Sector

India has already surpassed 200 GW of renewable energy capacity, driven by:

  • Solar Power: 97 GW
  • Wind Power: 48 GW
  • Hydroelectric Power: 52 GW

Recent investments of ₹32 lakh crore and the nation’s strong green hydrogen initiatives demonstrate a robust push towards sustainable energy.

In Rajasthan, additional allocations of 5,000 MW under the PM KUSUM scheme were announced, alongside four newly inaugurated solar power projects in Jaisalmer with a combined capacity of 1,200 MW.

Regional Highlights: Innovations and Milestones

Jammu & Kashmir
Minister Shri Satish Misra shared progress on:

  • 35 MW solar installations in the domestic sector.
  • Deployment of 3,000 solar pumps.
    J&K aims to maximise its potential in solar, small hydro, and wind energy.

Himachal Pradesh
Minister Shri Rajesh Dharmani revealed:

  • A green hydrogen plant with 1 MW capacity.
  • 75% green energy in its portfolio, aiming for 100% non-fossil fuel energy by 2026.

Rajasthan
Energy Minister Shri Heeralal Nagar outlined Rajasthan’s leadership in solar and wind energy, with a 2,000 MW Battery Energy Storage System and a target of 125 GW by 2030.

Haryana
Minister Shri Anil Vij discussed the state’s significant investments in renewable infrastructure to meet green energy targets.

Collaboration for a Green Future

The workshop highlighted India’s collaborative efforts with states and global stakeholders, focusing on green hydrogen, battery storage, and distributed energy technologies. Incentives were provided to Discoms promoting rooftop solar projects across the Northern Region. For instance:

  • Rajasthan: ₹39.43 crore to Jodhpur Discom and ₹17.59 crore to Ajmer Discom.
  • Haryana: ₹42.68 crore to Dakshin Haryana Discom and ₹22.43 crore to Uttar Haryana Discom.
  • Punjab and Uttarakhand: ₹11.39 crore and ₹9.48 crore respectively.

Strengthening Policies and Innovations

Workshops in cities like Gandhinagar and Mumbai have fostered knowledge sharing and innovation. Upcoming meetings in Visakhapatnam, Varanasi, and Guwahati aim to tackle region-specific challenges, ensuring India remains at the forefront of renewable energy transition.

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.

Gold and Silver Price on Jan 24: Check Prices in Your City

The yellow metal, gold, has been trending higher on Friday, January 24, 2025. The gold price has been surging recently amid uncertainty surrounding Donald Trump’s trade policies.

The spot gold price in the international market was trading higher by 0.55% at $2,771.55 an ounce at 3:20 PM on January 24, 2025. Gold prices have shined across major metro cities in India, trading above the important psychological mark of ₹80,000. In Mumbai, 24-carat gold is priced at ₹8,018 per gram, and 22-carat gold costs ₹7,350 per gram. The 24-carat gold price is ₹80,180 per 10 grams, up by ₹350 as of 3:20 PM on January 24, 2025.

In Delhi, the price of 22-carat gold is ₹73,370 per 10 grams, while 24-carat gold is trading at ₹80,040 per 10 grams, higher by ₹350.

Gold Prices Across Major Indian Cities (January 24, 2025)

Here is a detailed breakdown of gold prices as of January 24, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 80,470 73,764
Hyderabad 80,370 73,673
Delhi 80,100 73,425
Mumbai 80,240 73,553
Bangalore 80,310 73,618

 

Silver Prices in India on January 24, 2025

The spot silver price surged by 1.20% to $30.85 an ounce as of 3:20 PM on January 24, 2025.

Silver Prices Across Major Indian Cities:

 

City Silver Rate in ₹/KG 
Mumbai 91,930
Delhi 91,950
Kolkata 91,980
Chennai 92,370

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices witnessed a surge, with 24-carat gold prices sustaining above the ₹80,000 mark across major cities in India.
  • Silver Prices: Spot silver prices jumped over 1% on January 24, 2025.

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

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

Tata Electronics Secures Majority Stake in Pegatron India with 60% Acquisition

In a landmark development, Tata Electronics announced the acquisition of a controlling 60% stake in Pegatron Technology India. This acquisition strengthens Tata Electronics’ presence in the electronics manufacturing services (EMS) sector and aligns with the Indian government’s ‘Make in India’ initiative. Pegatron India, a subsidiary of Taiwan-based Pegatron Corporation, plays a key role in Apple’s global supply chain, particularly in the production of iPhones for North America, Asia, and Europe.

A Major Step After Wistron Acquisition

This move comes on the heels of Tata Electronics’ acquisition of Wistron’s India operations for $125 million in March 2024. The Wistron plant in Narsapura, Karnataka, is now a key asset in Tata’s portfolio, assembling Apple iPhones. Additionally, Tata Electronics operates an iPhone component plant in Hosur, Tamil Nadu, further underscoring its commitment to electronics manufacturing.

Collaboration and Integration with Pegatron

As part of the agreement, Tata Electronics and Pegatron will integrate their teams to enhance operational synergy. Pegatron India will undergo rebranding to align with its new ownership and business direction. Dr Randhir Thakur, CEO and MD of Tata Electronics highlighted the strategic importance of this acquisition, stating, “The acquisition of a majority stake in Pegatron Technology India Private Limited fits into Tata Electronics’ strategy of growing our manufacturing footprint.”

Impact on Employment and Local Manufacturing

Pegatron India’s facility currently employs nearly 10,000 people and is involved in manufacturing iPhone 13 and 14 devices. Tata Electronics, established in 2020, already employs over 50,000 individuals across its operations in Gujarat, Assam, Tamil Nadu, and Karnataka.

Government Approvals and Industry Support

The Competition Commission of India recently approved this deal, including the transfer of TEL Components Pvt Ltd’s business undertaking to Pegatron India. This regulatory clearance marks a critical step in Tata Electronics’ effort to expand its role in India’s growing electronics manufacturing ecosystem.

India’s iPhone Export Growth and PLI Scheme Benefits

India’s role as a global hub for iPhone production continues to grow, supported by the government’s production-linked incentive (PLI) scheme. Apple’s iPhone exports from India reached an impressive ₹1 lakh crore in 2024, representing a 40% year-on-year growth. Domestic production also surged by 46%, reflecting a strong upward trend in local manufacturing.

A New Chapter in Apple’s Supply Chain

With this acquisition, Tata joins Foxconn and Pegatron as a key iPhone contract manufacturer in India. This collaboration not only enhances Tata Electronics’ standing in the EMS space but also positions India as a pivotal player in Apple’s global supply chain.

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

Sunil Mittal Takes on Elon Musk: Airtel Set to Compete with Starlink in Satellite Internet Race

As per news reports, Sunil Mittal-led Bharti Airtel is setting the stage to transform India’s satellite internet landscape. With its global experience and robust satellite network, Airtel is preparing to launch its satellite internet services, targeting underserved regions in India. This move positions Airtel as a formidable competitor to Elon Musk’s Starlink, which is still navigating regulatory hurdles in the country.

Airtel has already established two critical base stations in Gujarat and Tamil Nadu. The company is now awaiting spectrum allocation and final government approvals, marking the final steps before operations can commence. Speaking to ANI, Rajan Bharti Mittal, Vice Chairman of Bharti Enterprises, emphasised the company’s readiness to roll out services as soon as permissions are granted.

Airtel vs Starlink: A Clash of Strategies

While Elon Musk’s Starlink enjoys global acclaim for its innovative satellite internet services, its entry into India has been met with regulatory roadblocks. The Indian government’s strict approval process has delayed Starlink’s ambitions, giving Airtel a potential first-mover advantage, as per news reports.

Airtel, with 635 satellites already in orbit, brings to the table a well-established satellite internet operation in international markets. The company plans to offer affordable pricing, particularly in remote and rural areas, making it highly competitive in India’s price-sensitive market. In contrast, Starlink’s services are often criticised for their relatively higher costs, which could pose a challenge in gaining traction among Indian consumers.

The Intra Circle Roaming Initiative: A Boost for Indian Telecom Users

In related developments, Airtel, Jio, and BSNL have implemented the Intra Circle Roaming (ICR) facility, introduced on January 17. This initiative allows users to make calls and access 4G services from shared towers funded by the Digital Bharat Nidhi (DBN). The ICR facility aims to enhance connectivity across networks, ensuring uninterrupted services even in areas with limited coverage.

What Lies Ahead in the Satellite Internet Battle?

Airtel’s strategic focus on affordability and its established infrastructure could give it a significant edge over Starlink in India. However, the market remains dynamic, with challenges like regulatory changes and technological advancements likely to influence the outcome.

Whether Airtel manages to outpace Starlink or faces stiff competition, the ultimate winner will be India’s internet users, who stand to benefit from enhanced connectivity and innovative solutions.

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.

Axis India Multi-Sector Growth Fund Files Draft with SEBI

Axis Mutual Fund has introduced the Axis India Multi-Sector Growth Fund, an open-ended equity scheme with a thematic focus on creating and enabling real assets. Designed to deliver long-term capital appreciation, the fund targets equity and equity-related securities of companies involved in infrastructure, real estate, and other tangible asset creation.

Objective and Investment Philosophy

The primary investment objective of the scheme is to generate long-term capital appreciation through a diversified, actively managed portfolio. The fund focuses on sectors that contribute to creating real assets, encompassing industries like construction, metals, logistics, and telecommunications.

Key Details of the Fund

  • Category: Thematic Fund
  • Type: Open-ended equity scheme
  • Benchmark: Nifty 500 TRI
  • Investment Objective: Long-term capital growth through investments in equity and related securities of companies involved in creating or enabling real assets.

Asset Allocation

The fund’s indicative asset allocation is as follows:

  • Equity and Equity-related instruments of real asset-focused companies: 80–100%
  • Other equity instruments: 0–20%
  • Debt and Money Market instruments: 0–20%
  • Units of REITs and InVITs: 0–10%

This allocation ensures diversification across market capitalisations and sectors.

Fund Management

The fund is managed by Axis Asset Management Company Ltd., with a team of skilled professionals employing a bottom-up approach for stock selection. The strategy emphasises companies with robust business models and sustainable competitive advantages.

Key Features

  1. Plans and Options:
    • Regular Plan and Direct Plan
    • Growth and IDCW (Income Distribution cum Capital Withdrawal) options are available.
  2. Minimum Application Amount:
    • During the NFO: ₹100 and multiples of ₹1 thereafter.
    • Additional Purchases: ₹100 and multiples of ₹1.
  3. Load Structure:
    • Entry Load: Nil
    • Exit Load:
      • 1% for redemptions within 12 months (excluding 10% of investments).
      • Nil for redemptions after 12 months.
  4. Liquidity:
    Units can be subscribed and redeemed at NAV-based prices on all business days.

Benchmark and Performance Measurement

The scheme uses the Nifty 500 TRI as its benchmark, reflecting its diversified market-cap approach. This benchmark tracks the top 500 companies across large-cap, mid-cap, and small-cap segments, aligning with the fund’s thematic investment strategy.

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.

DPIIT Joins Hands with Apna to Boost Hiring in Startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with the professional networking platform Apna to enhance talent acquisition for government-registered startups. The partnership is designed to empower startups by offering access to Apna’s hiring tools and tailored talent pools.

Initiative to Offer Hiring Credits for Startups

Under the MoU, startups registered with DPIIT will receive credits worth ₹2,000 each on Apna’s platform, enabling job postings and access to targeted talent pools. According to an official statement, these credits represent a cumulative value exceeding ₹140 crore, based on the 7 lakh startups already registered on DPIIT’s Bhaskar platform. The initiative is expected to significantly enhance hiring efficiency and job matching for startups.

Scaling Up to Meet Ecosystem Growth

As the number of registered startups continues to grow, the value of this collaboration is projected to reach ₹300 crore. By leveraging Apna’s comprehensive hiring tools, startups will gain better access to skilled talent, fostering efficiency and productivity in the recruitment process.

Conclusion

The partnership between DPIIT and Apna reflects a commitment to supporting India’s thriving startup ecosystem. By providing hiring credits and tools, the initiative seeks to streamline recruitment for startups, ensuring access to the right talent for sustainable growth.

The initiative’s value is projected to grow with the increasing number of startups in the ecosystem.

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

Greenlam Industries Begins Commercial Production of Chipboard

Greenlam Industries Ltd, a prominent name in the laminate manufacturing sector, has reached another milestone by commencing commercial production of chipboard at its manufacturing facility in Naidupeta, Andhra Pradesh. This development, announced on January 23, 2025, marks a significant step in the company’s expansion journey.

Key Details of the New Facility

Greenlam Ltd, the wholly owned subsidiary of Greenlam Industries, is now operational at its state-of-the-art facility in Naidupeta.

  1. Production Capacity: The facility has an installed production capacity of 2,92,380 cubic meters per annum.
  2. Revenue Potential: At full capacity utilisation, the plant is expected to generate an impressive annual revenue of ₹750 crore.
  3. Capital Investment: The total capital expenditure for the project amounts to approximately ₹735 crore as of the commencement of production.

Upcoming Earnings and Share Price Movement

Greenlam Industries has scheduled a board meeting on January 30, 2025, to review and approve the unaudited financial results for the quarter and 9 months ending December 31, 2024.

Share Price Performance:

  • As of January 24, 2025, the company’s share price is trading higher by 0.83%, reaching an intraday high of ₹588.70 on the NSE.
  • However, year-to-date, the stock has dipped by 1.66%.

About the Company

Greenlam  Industries  Limited was incorporated in  2013  and is one of the largest laminate manufacturing companies in the country with an installed capacity of  24.52  million sheets per annum.  It markets the laminates products under the flagship brand name of  Greenlam  Laminates.  The company exports its decorative laminates to various countries and is one of the largest exporters of laminates from India.  It is also involved in the business segments of decorative veneers, pre-lam particle boards, engineered doors and engineered wood flooring. The company’s veneer segment has an installed capacity of 4.2 million sq. mt. and is marketed under the brand, Decowood. Further, the engineering doors and engineered wood flooring are sold under the brand name, Mikasa. 

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

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

RBI’s New Guidelines: Tackling Digital Fraud with Mobile Number Tracking

The Reserve Bank of India (RBI) has rolled out new guidelines aimed at mitigating the growing risks of fraud in digital transactions. With mobile numbers now central to account verification and transaction alerts, they have become both a critical tool and a target for scammers. To combat this, the RBI emphasises the need for stricter regulatory measures, improved customer communication, and advanced fraud-prevention tools.

The Role of Mobile Numbers in Fraud Prevention

In its notification dated January 17, the RBI stated, “The proliferation of digital transactions, while offering convenience and efficiency, has also led to a surge in frauds, a pressing concern underscoring the need for concerted action.” The RBI highlighted the dual nature of mobile numbers, which, while essential for customer authentication and sensitive communication, are increasingly exploited by cybercriminals to commit fraud.

Key Measures to Prevent Fraud

1. Mandatory Use of Mobile Number Revocation List (MNRL)

The RBI has mandated the use of the Mobile Number Revocation List (MNRL) available on the Digital Intelligence Platform (DIP) developed by the Department of Telecommunications (DoT). This tool helps financial institutions clean their customer databases and monitor accounts linked to revoked mobile numbers.

  • Banks must conduct stringent verification when updating registered mobile numbers (RMNs).
  • Accounts linked to such numbers should be closely tracked to prevent misuse as ‘money mules’ in cyber fraud schemes.

2. Standardised Customer Care and Verified Communication

To enhance transparency and customer confidence, financial entities must:

  • Provide verified customer care numbers for publication on the ‘Sanchar Saathi’ portal.
  • Submit these details to the DoT at adg.diu-dot@gov.in.

3. Dedicated Numbering Series for Communication

The RBI has directed entities to adopt special numbering series for various communications:

  • Use the ‘1600xx’ series for transactional and service-related calls.
  • Use the ‘140xx’ series for promotional voice calls.

Institutions must adhere to the “Important Guidelines for sending commercial communication using telecom resources through Voice Calls or SMS,” issued by TRAI and attached to the circular.

TRAI Guidelines for Commercial Communication

The Telecom Regulatory Authority of India (TRAI) has implemented strict regulations to curb the misuse of telecom resources in commercial communications.

1. Use of DLT Platform for Regulated Communications

Principal Entities (PEs), such as banks, corporates, and mutual funds, must:

  • Register with telecom service providers (TSPs) on the Distributed Ledger Technology (DLT) platform.
  • Use only authorised headers from the ‘140’ and ‘160’ series for promotional and transactional calls.

2. Pre-approved Content Templates

To minimise fraud and unauthorised communication:

  • Messages must follow pre-approved templates with fixed and variable components.
  • Variable fields, such as customer names or transaction details, must be tagged for specific purposes.

Violations, such as unauthorised telemarketing or misuse of templates, can result in penalties or suspension of telecom resources for up to 2-year.

Consequences of Non-Compliance

Failure to adhere to these guidelines could lead to severe repercussions:

  • Suspension of telecom services.
  • Blacklisting of entities.
  • Legal action against offenders.

Both the RBI and TRAI have stressed the importance of compliance to protect the integrity of financial transactions and bolster customer trust.

Promoting Awareness to Combat Fraud

Regulated entities have been advised to proactively educate their customers on these measures through emails, SMS, and other communication channels in regional languages. This awareness campaign aims to empower customers to identify and report fraudulent activities more effectively.

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.