AMFI and AMII Sign MoU to Enhance Mutual Fund Ecosystems in India and Indonesia

In a significant move to enhance bilateral financial cooperation, the Association of Mutual Funds in India (AMFI) and the Asosiasi Manajer Investasi Indonesia (AMII), the Indonesian Investment Managers Association, recently inked a Memorandum of Understanding (MoU). This collaboration aims to strengthen mutual fund sectors in both nations by sharing expertise, advancing industry standards, and fostering investor education and financial literacy.

A Platform for Knowledge Sharing and Growth

This partnership establishes a structured platform for India and Indonesia to exchange best practices, regulatory insights, and strategies. It will focus on strengthening their respective mutual fund industries while fostering a globally integrated and transparent ecosystem.

The key areas covered under this MoU include:

  • Regulatory Reforms: Enhancing frameworks to ensure compliance and stability.
  • Governance Standards: Promoting ethical practices and accountability.
  • Investor Protection: Developing robust mechanisms to safeguard investor interests.
  • Data Analytics and Research: Leveraging data to drive informed decisions.
  • Product Innovation: Encouraging the creation of diverse investment solutions.
  • Risk Management: Implementing strategies to mitigate financial risks effectively.

Promoting the Global South’s Economic Leadership

The collaboration aligns with India’s vision of leading the Global South by fostering economic partnerships among emerging markets. Navneet Munot, Chairman of AMFI, remarked that this partnership underscores the importance of strong capital markets and a thriving asset management industry.

The delegation, comprising 12 CEOs from Indonesia’s mutual fund sector, joined the Indonesian President on his state visit to India. The discussions during the visit revolved around opportunities in the mutual fund industry and strategies for creating sustainable, globally competitive markets.

Learning from Each Other

Hanif Mantiq, Chairman of AMII, highlighted the value of this collaboration in learning from each other’s regulatory frameworks and governance structures. This exchange aims to ensure greater security and innovation for investors in both countries.

The MoU is expected to serve as a model for enhancing financial ties between other emerging markets, showcasing the potential of shared expertise and mutual growth.

Key Highlights from the Round Table

As part of the event, AMFI hosted a Round Table for the visiting Indonesian delegation. Key discussions included:

  • India’s Economic Growth Story: Insights into the drivers of India’s robust economic performance.
  • Opportunities in the Mutual Fund Sector: Highlighting the potential for growth and innovation.
  • Technology’s Role in Capital Markets: Emphasising the transformative impact of digital tools.
  • Opportunities at GIFT City: Exploring India’s leadership in global financial innovation and governance.

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

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

Ceigall India Ltd Declared Lowest Bidder for NHAI Project in Punjab

Infrastructure construction company Ceigall India Ltd has been named the lowest bidder by the National Highways Authority of India (NHAI) for a major project in Punjab. The project, which involves the development of a six-lane greenfield southern Ludhiana Bypass, is an integral part of the Ludhiana-Ajmer Economic Corridor. Ceigall India’s bid for the project, estimated to cost ₹864.97 crore by the NHAI, stands at ₹923 crore.

Details of the Ludhiana Bypass Project

The Ludhiana Bypass project, located in Punjab, spans from NH-44 near Rajgarh village to the Delhi-Katra Expressway (NE-5) near Ballowal village. It is set to be executed under the hybrid annuity model, a financing method that combines both annuity payments and equity investments. Although the project was initially awarded to Ceigall India in June 2022 for ₹702 crore, it was later revoked due to the unavailability of the construction site. This time, Ceigall India’s bid price has risen to ₹923 crore, reflecting updated project estimates and conditions.

Ceigall India’s Legacy in Infrastructure Construction

Ceigall India, a leading player in infrastructure construction, has built a strong reputation over the years. The company has expertise in executing specialised structural works such as elevated roads, flyovers, bridges, railway overbridges, tunnels, highways, expressways, and runways. Over the last two decades, Ceigall India has evolved from a small construction firm into a prominent EPC (engineering, procurement, and construction) contractor, renowned for its design and construction of major road and highway projects.

The company’s operations are broadly divided into EPC and hybrid annuity model (HAM) projects, which span ten states in India, further demonstrating its extensive reach and capabilities in the infrastructure sector.

Ceigall India Share Performance

As of January 27, 2025, at 2:00 PM, Ceigall India shares are trading at ₹305.15 per share, down 3.78% from the previous closing price. Over the last month, the stock has fallen by 12.50%.

Conclusion

Ceigall India’s successful bid for the Ludhiana Bypass project marks another significant achievement for the company, underscoring its growing influence in India’s infrastructure sector. 


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.

KEC International Bags ₹1,445 Crore T&D Contracts

KEC International Ltd, a global leader in infrastructure EPC under the RPG Group, has announced major order wins in the T&D sector. These achievements highlight its growing role in supporting India’s energy and infrastructure development.

About The Order

KEC International Ltd, a leading infrastructure company under the RPG Group, has announced new orders worth ₹1,445 crore in the T&D sector. These projects include a major assignment in the ± 800 kV HVDC segment and a 400 kV transmission line, both awarded by Power Grid Corporation of India Limited (PGCIL).  

These new orders strengthen KEC’s position as a key player in India’s power infrastructure development. The company continues to expand its expertise in the T&D sector, contributing to the country’s growing energy needs.  

Strategic Growth in the HVDC Segment

Vimal Kejriwal, MD and CEO of KEC International, expressed excitement about the new orders and the company’s growing success in the HVDC sector including a terminal station project for a private client.

 He noted that rising power demand and the government’s focus on renewable energy create strong opportunities for the T&D business. With these orders, KEC’s total order intake this year has crossed ₹22,000 crores, showing over 70% growth compared to last year.

About KEC International

KEC International is a leading global player in the infrastructure EPC space, with expertise in power transmission and distribution, civil infrastructure, transportation, renewables, oil and gas pipelines and cables. The company operates in more than 30 countries and has a presence in over 110 countries, handling projects across various sectors. KEC is known for its contribution to large-scale infrastructure development and is recognized as the flagship company of the RPG Group.

About RPG Enterprises

Established in 1979, RPG Enterprises is one of India’s rapidly expanding business conglomerates with a turnover of $4.8 billion. The group operates across multiple industries, including infrastructure, tyres, pharmaceuticals, IT and speciality businesses. It is also exploring innovation-led technology solutions to drive growth in emerging sectors. This diversified approach has solidified RPG Enterprises’ position as a leader in India’s business landscape.

KEC Stock Performance 

As of January 27, 2025, at 10:35 AM, With a market capitalisation of ₹208.04 billion, KEC’s shares are trading at ₹783.90 per share, down 6.00% from the previous closing price. Over the last month, the stock has fallen by 32.15% and over the past year, it has declined by 34.71%. The stock has a 52-week high and 52-week low of ₹1,313.25 per share and ₹611 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.

Jubilant Ingrevia Unveils New Facility in Gujarat

Jubilant Ingrevia Limited has launched a new cGMP-compliant manufacturing facility in Bharuch, Gujarat, aimed at producing nutraceuticals and dietary ingredients. This facility will help the company expand its reach in food, nutrition, cosmetics and infant nutrition markets worldwide.

New cGMP Facility for Niacinamide in Gujarat

Jubilant Ingrevia Limited has opened a new facility in Bharuch, Gujarat, to produce nutraceuticals and dietary ingredients for people. This facility is an addition to their USFDA-approved plant, which already supplies to the U.S., Europe, Japan and other regions. With a capacity of 5,000 metric tonnes, the new plant will make high-quality products for top global brands in food, nutrition and cosmetics. It also plans to supply food-grade Niacin for the infant nutrition market.  

Advancing in Vitamin B3 Production

The new facility will help Jubilant Ingrevia become a stronger global leader in producing Niacinamide (Vitamin B3). It will focus on making high-quality products with high bio-content, targeting profitable markets like skincare, hair care and infant nutrition. This gives the company a competitive edge by reducing dependence on lower-margin products and supporting customers who prefer sustainable and eco-friendly options.  

Commitment to Sustainability and Green Technology

The facility is part of Jubilant Ingrevia’s eco-friendly and fully integrated supply chain in the Nutrition & Health Ingredients business. Its sustainable production methods attract global brands looking for high-quality, environmentally friendly products. The company is already in talks with major international clients about starting to supply these products.  

About Jubilant Ingrevia Limited

Jubilant Ingrevia Limited is a global leader in Life Sciences and Specialty Chemicals with over 40 years of experience. They manufacture a wide range of products, including Vitamin B3, etc. and serve industries like pharmaceuticals, agrochemicals and consumer goods. The company operates 50 plants across India, employs over 2,300 people, and has been recognised for innovation, sustainability and 4IR technologies. 

Jubilant Ingrevia Stock Performance 

As of January 27, 2025, at 12:00 PM, With a market capitalisation of ₹107.11 billion, Jubilant Ingrevia’s shares are trading at ₹676.95 per share, down 1.87% from the previous closing price. Over the last month, the stock has fallen by 15.47% and over the past year, it has declined by 17.79%. The stock has a 52-week high and 52-week low of ₹885 per share and ₹420 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.

Unified Pension Scheme: A New Era for Government Employees With Assured Payout

On 25th January 2025, the Finance Ministry announced the implementation of the Unified Pension Scheme (UPS), a significant reform aimed at providing an assured pension to central government employees. This scheme, effective from 1st April 2025, will apply to employees under the National Pension System (NPS) who opt for it. The UPS promises a more secure retirement benefit, offering a pension of 50% of the last 12 months’ average basic pay, subject to certain conditions.

Details of UPS With Assured Payouts

The UPS guarantees a pension of 50% of an employee’s average basic pay for the last 12 months before superannuation, provided the employee has completed a minimum of 25 years of service. If the employee has a shorter qualifying service period, they will receive a proportionate payout. The UPS will also offer a minimum assured payout of ₹10,000 per month for those retiring after 10 or more years of service.

Additionally, employees will have the option to choose between the UPS and the existing NPS. The scheme, once operational, will benefit around 23 lakh government employees, providing a more predictable and assured pension compared to the market returns-based payout under the NPS. The full implementation of the scheme will commence on 1st April 2025.

Family Payout and Dearness Relief

In the unfortunate event of the pensioner’s death after superannuation, the family will receive 60% of the original payout, which will be given to the legally wedded spouse. Furthermore, both the assured payout and the family payout will be eligible for Dearness Relief, calculated in the same manner as the Dearness Allowance for serving employees.

For employees opting for UPS, their accumulated corpus under NPS will be transferred to the new scheme. The government’s contribution will also increase, rising from the current 14% to 18.5%, offering more substantial financial support for future retirees. Importantly, the UPS aims to provide a reliable and consistent pension, contrasting with the volatility associated with market-based pensions under NPS.

Conclusion

The Unified Pension Scheme represents a significant shift towards providing government employees with a guaranteed retirement benefit. With a higher contribution from the government and assured payouts, it seeks to address the limitations of the existing National Pension System.

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.

SEBI Launches ‘Dharohar’ to Preserve Indian Securities Market Legacy

On the occasion of India’s 76th Republic Day, the Securities and Exchange Board of India (SEBI) unveiled “Dharohar – Milestones in the Indian Securities Market,” a comprehensive digital knowledge repository. The platform celebrates the long-standing history of organised trading in India, spanning over 150 years. It aims to preserve and showcase the evolution of the securities market while fostering greater awareness and understanding among various stakeholders.

A Comprehensive Repository for All Stakeholders

“Dharohar” offers an extensive archive of over 3,000 assets, including articles, regulations, interviews with prominent figures, historical newspaper clippings, share certificates, infographics, videos, and committee reports. Designed as an interactive platform, the repository features a timeline of significant milestones and 3D galleries, providing an engaging experience for a wide audience. Students, researchers, investors, journalists, market participants, and the general public can explore the history, diverse products, participants, and institutions of the market.

Collaborative Efforts Behind Dharohar

The creation of “Dharohar” is a result of collaborative efforts involving numerous contributors. SEBI acknowledged the support and expertise of individuals, institutions, members of the Monitoring and Advisory Committee of Project Dharohar, former chairpersons, whole-time members, employees, scripophilists, industry leaders, and associations. Their collective efforts have enriched the repository with historical and cultural significance.

SEBI has also emphasised that Dharohar will continue to grow, with new additions being made regularly. This ensures that the platform remains dynamic and increasingly valuable for users. By preserving the history of the securities market, SEBI has taken a significant step towards promoting financial literacy and creating a deeper connection between stakeholders and the market.

Conclusion

“Dharohar” serves as a testament to the Indian securities market’s remarkable journey and its impact on the nation’s financial ecosystem. By offering valuable insights and engaging resources, the repository is a significant step towards promoting financial literacy and preserving the market’s historical milestones.

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. 

NFO Alert: UTI Nifty India Manufacturing Index Fund

The UTI Nifty India Manufacturing Index Fund – Regular Plan, offered by UTI Mutual Fund, is an open-ended equity scheme designed to track the Nifty India Manufacturing TRI, a benchmark index that represents companies in India’s manufacturing sector. The fund aims to deliver returns that align with the performance of the index, subject to tracking errors.

Fund Details

The new fund offer (NFO) opens on 28th January 2025 and closes on 10th February 2025. The scheme requires a minimum investment of ₹1,000. There is no lock-in period and no exit load, allowing investors the flexibility to redeem their investments at any time without additional costs.

Investment Objective

The fund’s strategy focuses on investing in the securities that make up the Nifty India Manufacturing TRI. By following a passive investment approach, it seeks to replicate the index’s performance before expenses. The fund emphasizes minimizing tracking errors and aims to provide an option for investors looking to gain exposure to the manufacturing sector.

Risk Category and Benchmark

This scheme is categorized as Very High Risk on the Riskometer. Investors should be aware that equity investments, particularly those focused on specific themes such as manufacturing, carry significant market risk.

The performance of the fund is benchmarked against the Nifty India Manufacturing TRI, which captures the growth of India’s manufacturing sector.

Management and Support

The fund is managed by Sharwan Kumar Goyal, an equity fund manager with over 18 years of experience in passive and quantitative strategies. 

The fund’s operations are supported by KFin Technologies Ltd., which serves as the registrar and transfer agent.

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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: UTI Mutual Fund Launches Nifty Midsmallcap 400 Momentum Quality 100 Index Fund

The UTI Nifty MidSmallcap 400 Momentum Quality 100 Index Fund – Regular Plan, offered by UTI Mutual Fund is open for subscription from January 28, 2025, to February 10, 2025. This is an open-ended equity scheme categorised under the mid-cap segment. The fund aims to attract investors looking for exposure to mid and small-cap stocks through an index-based approach.

Investment Objective

The objective of the scheme is to deliver returns that align with the performance of the Nifty MidSmallcap400 Momentum Quality 100 TRI index. The fund seeks to achieve this before expenses, subject to tracking errors. It provides exposure to securities in the index, which are selected based on momentum and quality parameters.

The fund is managed by Sharwan Kumar Goyal, an equity fund manager with over 18 years of experience in passive and quant strategies.

Minimum Investment and Plans

Investors can participate with a minimum investment of ₹1,000. The fund offers a Growth Plan, making it suitable for those aiming to build long-term wealth. There is no lock-in period, and the exit load is zero, allowing investors to withdraw their investments without any charges.

Risk and Benchmark

As an equity fund focusing on mid and small-cap companies, the scheme carries a Very High-Risk rating on the Riskometer. It is benchmarked against the Nifty MidSmallcap400 Momentum Quality 100 TRI, which represents a blend of momentum and quality-driven stocks.

Registrar & Transfer Agent

Administrative support for the fund is managed by KFin Technologies Ltd., the designated Registrar and Transfer Agent for the scheme.

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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: Bank of India Mutual Fund Launches Bank of India Money Market Fund

The Bank of India Money Market Fund is an open-ended debt scheme focusing on investments in money market instruments. The fund’s New Fund Offer (NFO) opens on January 28, 2025, and closes on February 3, 2025.

Objective

The fund aims to generate returns for unitholders by investing in money market instruments. These instruments include treasury bills, commercial papers, certificates of deposit, and government securities with maturities of up to one year. 

While the objective is to provide reasonable liquidity and returns, there is no assurance that it will be achieved.

Plan Options

The fund offers two plans: the Regular Plan, designed for investments made through distributors, and the Direct Plan, available for direct investors. Both plans provide options such as Growth, IDCW Daily, IDCW Weekly, and IDCW Monthly.

Investment Details

The minimum initial investment for the Bank of India Money Market Fund is ₹5,000, with additional investments allowed in multiples of ₹1,000. The fund does not impose any exit load, providing flexibility for investors to redeem their units without incurring extra charges. This fund uses the CRISIL Money Market A-I Index as a benchmark.

The scheme is managed by Mr Mithraem Bharucha.

Risk Level

Classified under the debt category, this scheme falls specifically under the liquid funds sub-category, focusing on short-term money market instruments.  The fund carries a moderately low-risk rating, making it suitable for conservative investors or those looking for short-term debt investments.

All in all, the Bank of India Money Market Fund offers an option to invest in short-term money market instruments with daily NAV calculations and no exit load. Investors must review the scheme’s suitability based on their financial goals.

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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.

Income Distribution Declared for Edelweiss Aggressive Hybrid Fund

Edelweiss Mutual Fund has announced an income distribution of ₹0.20 per unit for its Edelweiss Aggressive Hybrid Fund under the IDCW option. This distribution is applicable to both regular and direct plans, with January 28, 2025, as the record date.

Fund Allocation Breakdown

As of December 31, 2024, the Edelweiss Aggressive Hybrid Fund allocated 75.81% of its investments to equities, 24.24% to debt, 0.01% to real estate, and -0.06% to cash and cash equivalents. This mix shows its focus on equities while maintaining some exposure to fixed-income instruments.

Details and Launch

The Edelweiss Aggressive Hybrid Fund was launched on January 7, 2013, and has since delivered a return of 14.68% as of the latest data. The fund’s assets under management (AUM) stand at ₹2,363 crore. It tracks the CRISIL Hybrid 35+65 Aggressive Index and falls under the “Very High” risk category.

Features

The fund requires a minimum investment of ₹100, which also applies to additional investments and SIPs. Withdrawals can be made for as low as ₹1, providing flexibility to investors. The fund does not have a lock-in period but charges an exit load of 1% for redemptions exceeding 10% of the investment within 90 days.

Investment Approach

The fund plans to achieve long-term growth and generate income by investing primarily in equity and equity-related instruments, with the remaining portion in debt and money market securities. This approach makes it a balanced consideration for investors who are willing to accept moderate risk for higher potential returns over a longer time.

Suitability

These funds balance equity and debt exposure, making them suitable for those seeking returns that could beat inflation without taking on the higher volatility of pure equity funds. However, it is important to weigh the risks associated as this announcement provides an update for investors holding or considering the Edelweiss Aggressive Hybrid Fund.

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.