DSP Aggressive Hybrid Fund Announces Income Distribution

DSP Mutual Fund has declared an income distribution of ₹0.20 per unit under the Income Distribution cum Capital Withdrawal (IDCW) option of its DSP Aggressive Hybrid Fund. The distribution applies to both regular and direct plans, with the record date set for January 28, 2025.

Fund Overview

The DSP Aggressive Hybrid Fund was launched on January 1, 2013, and has delivered an average return of 14.37% since its inception. As of December 31, 2024, the fund’s assets under management (AUM) stood at ₹10,306 crore, with an expense ratio of 0.71%.

Asset Allocation

The fund invests 69.2% of its portfolio in equities, 29.6% in debt instruments, and 1.2% in cash or cash equivalents. This mix is intended to balance growth potential with relative stability, appealing to investors looking for a combination of equity and fixed-income exposure.

Investment Strategy

The fund’s strategy focuses on generating long-term capital appreciation and current income by investing in a diversified portfolio of equity, debt, and money market instruments. It is benchmarked against the CRISIL Hybrid 35+65 Aggressive Index and categorized under the “Very High” riskometer.

Minimum Investment & Exit Load

Investors can begin with a minimum investment of ₹100, and subsequent additional investments also require ₹100. For SIP (Systematic Investment Plan) options, the minimum instalment is ₹100 with a minimum of 12 cheques. Partial withdrawals can be made with a minimum amount of ₹500, provided a balance of ₹500 is maintained in the account.

An exit load of 1% is applicable for redemption of units exceeding 10% of the total investment if withdrawn within 364 days. There is no lock-in period for the fund. This fund may suit those looking for moderate equity exposure and willing to accept market fluctuations. However, it is important to weigh the risks associated.

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.

HSBC Mutual Fund Declares Income Distribution Under IDCW Options

HSBC Mutual Fund has announced income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for several schemes. The record date for this distribution is January 27, 2025. Investors holding units of these schemes on this date will be eligible for the payout. Below are the details of the schemes and the income distribution.

Value Funds See the Highest Distribution

The HSBC Value-IDCW and HSBC Value Direct-IDCW schemes have announced the highest income distribution of ₹4.750 per unit. These schemes are focused on investing in undervalued companies and remain known among long-term investors.

Tax Saver Equity Schemes

The HSBC Tax Saver Equity-IDCW and HSBC Tax Saver Equity Direct-IDCW schemes will offer a payout of ₹3.000 per unit each. These funds not only provide income but also include tax-saving benefits under Section 80C of the Income Tax Act.

Multi Cap Scheme Distribution

Under the HSBC Multi Cap Reg-IDCW scheme, a distribution of ₹1.600 per unit has been announced. This scheme allocates investments across large-cap, mid-cap, and small-cap stocks, offering a diversified portfolio.

Balanced Advantage Funds

The HSBC Balanced Advantage Direct-IDCW scheme will distribute ₹0.155 per unit, while the HSBC Balanced Advantage-IDCW scheme has declared ₹0.135 per unit. These funds balance investments between equity and debt to align with market conditions.

Aggressive Hybrid Funds

The HSBC Aggressive Hybrid Direct-IDCW scheme has announced a payout of ₹0.240 per unit, while the regular HSBC Aggressive Hybrid-IDCW scheme will distribute ₹0.210 per unit. These funds maintain a mix of equity and debt to manage risks while generating returns.

The announced income distribution shows HSBC Mutual Fund’s focus on periodic payouts for the investors. Unitholders are advised to note the record date of January 27, 2025, and check their eligibility for the declared payouts.

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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.

LIC MF Aggressive Hybrid Fund Announces ₹0.10 Income Distribution

LIC Mutual Fund has announced an income distribution of ₹0.10 per unit under the Income Distribution cum Capital Withdrawal (IDCW) option for both regular and direct plans of its LIC MF Aggressive Hybrid Fund. The record date for this payout is January 27, 2025.

Fund Composition

The LIC MF Aggressive Hybrid Fund invests 76.81% in equities, 22.09% in debt instruments, and 1.1% in cash or cash equivalents. As a hybrid fund, it balances growth potential with stability, making it a middle ground between pure equity and debt funds.

Investment Details

The minimum investment required to enter the fund is ₹5,000, with subsequent investments starting at ₹500. Systematic Investment Plans (SIPs) start from ₹200. For redemptions exceeding 12% of the investment within three months, an exit load of 1% applies. There is no lock-in period.

Performance and Costs

The fund was launched on January 3, 2013, and has delivered a return of 11% since inception. As of December 31, 2024, its assets under management (AUM) stand at ₹529 crore. The expense ratio for the fund is 1.40%.

Risk and Suitability

The fund carries a “Very High” risk classification as per the Riskometer, given its higher exposure to equities. It is aimed at investors with a long-term horizon of five years or more. Aggressive hybrid funds typically allocate 65-80% of their portfolio to equity, which helps them offer potentially better returns than debt funds while being less volatile than pure equity funds.

Additional Information

The fund is benchmarked against the CRISIL Hybrid 35+65 Aggressive Index. Like most equity-linked investments, SIPs are for those considering long-term investments.  The income distribution offers regular payouts for those invested under the IDCW option, but investors should weigh this against the fund’s long-term growth potential.

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 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.