Trade Smart, Trade Safe: Introducing Simplified Stop Loss and Target Setup on Angel One

Controlling your trading risks shouldn’t feel like solving a jigsaw puzzle. If you’ve ever found Stop Loss (SL) and Target configurations too complicated, you’re not alone. At Angel One, we’ve listened and simplified the entire process. Now, setting Stop Loss and Target orders is quick, intuitive, and hassle-free—just the way it should be.

Why Managing Risk Matters

Trading without risk controls is like driving without brakes. While the excitement might be tempting, it can often lead to unexpected setbacks, missed opportunities, and shaken confidence. Consider this:

  • Sudden Market Shift: You’re in a favorable position, but before you can react, the market moves in the opposite direction, affecting your potential gains.

  • Overconfidence: Without a clear risk management plan, small losses can accumulate, impacting your trading journey.

This is why setting Stop Loss and Target levels is crucial. It gives you control, reduces stress, and ensures your trades are safeguarded against sudden market fluctuations.

The All-New Stop Loss & Target Setup on Angel One

We’ve reimagined the Stop Loss and Target setup to make it as seamless as placing an order. Here’s what’s new:

Set Stop Loss and Target Together

No more switching between screens. Set both levels from one streamlined interface, saving time and effort.

Predefined Options for Quick Decisions

Choose from predefined percentage levels like 5%, 10%, 15%, or 20%, or customize your SL and Target to align with your trading method. 

Example:  If you want to set a Stop Loss at 5%, simply select the option. The system will apply the selected risk parameters automatically. 

Available Directly from Positions Book

Manage risk right where you monitor your trades—no need for additional calculations or navigating to multiple screens.

OCO Orders for Smart Execution

The One Cancels the Other (OCO) feature ensures that if either your Stop Loss or Target condition is met, the other automatically cancels. No manual intervention is needed.

How It Works: Simple Steps to Set SL & Target

Here’s how you can start using this feature in just a few taps:

  1. Open the Positions Book in your Angel One app.
    Find the trade you want to manage and click on the Stop Loss (SL) or Target option.
  2. Set your desired levels:
    Use quick options like 2.5%, 5%, 10%, and 15%, or enter a custom percentage/price.
  3. Review your SL and Target setup.
  4. Click Confirm—and you’re done!

Angel One’s system will now manage  your risk parameters automatically—no extra steps or manual calculations required. 

How It Works

Let’s say you bought 50 shares of ABC Ltd at ₹100 per share. Here’s how you can manage your trade:

  • Stop Loss (SL): You decide to limit potential loss at 5%. Set your SL at ₹95.
  • Target: You want to set an exit price at ₹110.

If the stock reaches ₹110, the system executes the order accordingly. If it drops to ₹95, your Stop Loss triggers to manage risk. Thanks to OCO, the remaining order cancels automatically once one condition is met. No stress. No manual monitoring.

Why Traders Appreciate This Feature

Our new SL and Target setup is designed to:

  • Save Time – Set up SL and Target levels in seconds.
  • Reduce Stress – No need to constantly track the market; the system manages risk for you.
  • Boost Confidence – Trade with greater certainty knowing your risk management is in place.
  • Maximize Efficiency – A single screen, simple options, and automated execution let you focus on strategy, not complexity.

Ready to Trade with Confidence?

Don’t leave your trades unprotected. Start using the new Stop Loss and Target setup in the Angel One Positions Book today.

  • Minimize Risks with automated Stop Loss triggers.
  • Trade Smarter with seamless risk management tools.

Try it now and experience stress-free trading.

Disclaimer: Investments in securities markets are subject to market risks; read all related documents carefully before investing. This is for educational purposes only.

Income Tax Return 2025: Filing Dates, ITR Form Types, and How to File Online

As the financial year 2024-25 draws to a close, the focus shifts to filing Income Tax Returns (ITRs) for the Assessment Year 2025-26. Filing typically starts from April 1, 2025, and like every year, the Income Tax Department rolls out updated forms and utilities to streamline the process for both online and offline filers.

Here’s everything you need to know about ITR forms, who should use them, key deadlines, and how to file returns online.

Why Is Filing ITR Important?

Filing an Income Tax Return is not merely a statutory requirement—it is also an important financial document. An ITR serves as proof of income and tax paid, which can be helpful when:

  • Applying for home or personal loans
  • Getting visa approvals
  • Making high-value transactions
  • Carrying forward capital losses

Timely filing ensures transparency, financial discipline, and long-term benefits.

Types of ITR Forms: Which One Applies to You?

Each ITR form is designed for a specific category of taxpayer. Here’s a breakdown:

ITR-1 (Sahaj) – For Salaried Individuals with Simple Incomes

Who can use it?

  • Resident individuals with total income up to ₹50 lakh
  • Income from salary or pension
  • Income from one house property
  • Income from interest or other small sources

Who cannot use it?

  • Individuals with capital gains
  • Income from business or profession
  • Income from foreign assets

ITR-2 – For Individuals with High Income or Capital Gains

Who can use it?

  • Individuals with income over ₹50 lakh
  • Income from salary, more than one property, capital gains, or foreign assets
  • Agricultural income over ₹5,000

ITR-3 – For Professionals and Business Owners

Who can use it?

  • Individuals earning from business or profession (e.g. freelancers, consultants)
  • Those with capital gains from shares or investments
  • Partners in firms (excluding LLPs filing ITR-5)

ITR-4 (Sugam) – For Presumptive Income Taxpayers

Who can use it?

  • Individuals and HUFs under presumptive taxation
  • Total income up to ₹50 lakh
  • Small business owners and professionals (e.g. shopkeepers, cab drivers)

Who cannot use it?

  • Individuals with foreign assets
  • Income falling under specific exemptions

ITR-5 – For Partnership Firms and Trusts

Who uses it?

  • Partnership firms
  • LLPs (Limited Liability Partnerships)
  • Societies and trusts not filing under ITR-7

ITR-6 – For Companies

Who uses it?

  • Companies not claiming exemption under Section 11
  • This includes most companies other than charitable or religious institutions

ITR-7 – For Trusts, Political Parties, and Certain Institutions

Who uses it?

  • Charitable or religious trusts
  • Political parties
  • Scientific research institutions
  • Universities and colleges are not covered under ITR-5 or ITR-6

Important ITR Filing Deadlines for AY 2025–26

 

Category Last Date to File ITR
Individuals and firms not requiring an audit July 31, 2025
Businesses requiring an audit October 15, 2025
Businesses requiring a transfer pricing report November 30, 2025

 

How to File ITR Online: Step-by-Step Guide

Filing your Income Tax Return (ITR) online has become a simple and hassle-free process. Follow these steps to complete your return:

  • Step 1: Log In to the Portal

    • Visit the Income Tax e-Filing portal.
    • Log in using your PAN/Aadhaar number and password.

  • Step 2: Navigate to ‘File Income Tax Return’

    • Go to the ‘e-File’ section.
    • Select ‘File Income Tax Return’.
    • Choose the Assessment Year 2025–26.

  • Step 3: Choose the Correct ITR Form

    • Select the appropriate ITR form based on your income source.
    • The portal may suggest a form automatically for your convenience.

  • Step 4: Enter Required Information

    • Fill in personal details, income sources, deductions, and exemptions.
    • Review pre-filled data from Form 26AS and the Annual Information Statement (AIS).

  • Step 5: Verify Tax Calculation

    • Ensure accuracy in tax computation.
    • Check if there’s any additional tax liability or if you’re eligible for a refund.

  • Step 6: Submit and e-Verify Your ITR

    • Submit your ITR once all information is filled correctly.
    • Complete e-verification using one of the following:

      • Aadhaar OTP
      • Net banking
      • Digital signature

  • Step 7: Download Acknowledgement (ITR-V)

    • After submission and verification, download the ITR-V (Acknowledgement).
    • Save a copy for future reference.

Conclusion

While ITR filing might seem like an annual chore, it’s an essential part of financial planning and compliance. Selecting the correct form and filing before the due date can save you from penalties and streamline future financial transactions. Even if your income is below the taxable limit, filing a return can be beneficial in the long term.

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.

Adani Green Energy Wins 400 MW Solar Project from UPPCL

Adani Green Energy Limited (AGEL), one of India’s leading renewable energy companies, has been awarded a major solar project by the Uttar Pradesh Power Corporation Limited (UPPCL). The Letter of Award (LOA), received on March 27, 2025, was granted to AGEL’s wholly-owned subsidiary, Adani Renewable Energy Holding Twelve Ltd.

The contract enables the company to supply 400 megawatts (MW) of solar power to UPPCL over a 25-year period, further contributing to India’s efforts in expanding its renewable energy portfolio.

Project Details and Tariff Structure

The proposed solar energy will be generated through a grid-connected photovoltaic (PV) power project, which is planned to be developed in Rajasthan—a state known for its high solar irradiance and suitability for solar farms.

The tariff for this long-term agreement has been set at ₹2.57 per kilowatt-hour (kWh), a competitive rate in the Indian solar energy landscape. This fixed tariff is expected to provide cost predictability for UPPCL over the duration of the agreement.

Reinforcing Renewable Energy Commitments

Adani Green Energy stated in its exchange filing that this development aligns with the company’s broader vision to increase renewable energy capacity and accelerate India’s transition towards clean energy.

While the project adds to AGEL’s growing portfolio, it also supports Uttar Pradesh’s energy security and contributes to the national solar mission.

The company has clarified that neither the promoter nor the promoter group has any personal or financial interest in UPPCL, ensuring transparency in the deal.

Market Response and Stock Movement

As of 12:26 PM on March 28, 2025, Adani Green Energy share price was trading at ₹957.50, reflecting a modest 0.20% decline during the day. The stock has seen an 8% drop so far in 2025.

Conclusion

The awarding of this 400 MW solar project marks another milestone for Adani Green Energy as it continues to secure large-scale renewable energy contracts. While the financial markets may not have reacted strongly in the short term, the project adds strategic value to the company’s long-term growth in the clean energy 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.

BHEL Secures ₹11,800 Crore Order for Thermal Power Project in Chhattisgarh

Bharat Heavy Electricals Limited (BHEL), one of India’s leading engineering and manufacturing companies, has received a significant Letter of Intent (LOI) from Chhattisgarh State Power Generation Company Limited (CSPGCL). The LOI pertains to an Engineering, Procurement, and Construction (EPC) package for a supercritical thermal power project in Korba, Chhattisgarh, valued at approximately ₹11,800 crore.

Share Price Reaction

Following the announcement, BHEL’s share price jumped over 2.5% as of 11:37 AM on March 28, 2025, indicating a positive market reaction to the order win.

Project Scope and Specifications

The project involves the establishment of a 2×660 MW supercritical thermal power plant at Hasdeo Thermal Power Station in Korba West, Chhattisgarh. The scope of the package includes:

  • Supply of supercritical equipment such as boilers, turbines, generators, and associated auxiliaries

  • Installation of electrical systems, control and instrumentation (C&I)

  • Balance of Plant (BoP) packages

  • Erection and commissioning works

  • Comprehensive civil construction

Domestic Competitive Bidding and Execution Timeline

Awarded through domestic competitive bidding, the project reflects the competitiveness of Indian EPC companies. BHEL is expected to complete the project and commence commercial operations within a 60-month timeframe.

Commercial Terms and Other Details

The order, valued at around ₹11,800 crore (excluding taxes and duties), has been awarded by a domestic entity with no promoter or group company interest involved. Additionally, the contract does not qualify as a related party transaction.

Conclusion

The order marks a notable addition to BHEL’s portfolio in the thermal power sector. It underscores the company’s technical capabilities and its vital role in advancing India’s power infrastructure. The market’s immediate response further reinforces investor confidence in BHEL’s order execution pipeline.

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.

BEL Secures Additional Orders Worth ₹1,385 Crore, Order Book Reaches ₹18,415 Crore

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has announced additional orders worth ₹1,385 crore since its last disclosure on 12th March 2025. With this latest oders, the company’s total order inflow for the financial year has reached ₹18,415 crore.

New Orders Across Defence and Electronic Systems

According to a stock exchange filing, BEL’s latest contracts include radar spares, radar upgradation, electronic voting machines, simulators, advanced land navigation systems, stabilisers for tanks, fire control systems for ship-based decoys, and communication equipment. These projects reinforce BEL’s role as a key supplier of advanced defence and electronic systems.

Major Defence Contract for Ashwini Radars

Earlier in March, BEL secured a ₹2,463 crore contract (excluding taxes) from the Ministry of Defence for supplying and servicing Ashwini Radars for the Indian Air Force. These fully indigenous Active Electronically Scanned Array (AESA) radars, developed in collaboration with the Defence Research and Development Organisation (DRDO), feature integrated Identification Friend or Foe (IFF) systems, enabling 4D surveillance with electronic scanning in both azimuth and elevation.

BEL Share Performance 

As of March 28, 2025, at 2:56 PM, BEL share price was trading at ₹302.58 per share, reflecting a surge of 0.64% from its previous closing price.

Conclusion

BEL continues to strengthen its position in India’s defence sector with a robust order book. The recent contracts highlight its expertise in radar technology, navigation systems, and electronic warfare, further solidifying its role in national security and technological advancements.

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.

Nippon India Files Draft with SEBI to Launch Nifty 500 Low Volatility 50 Index Fund

Nippon India Mutual Fund has announced the launch of its Nifty 500 Low Volatility 50 Index Fund, a passive investment scheme designed to replicate the performance of the Nifty 500 Low Volatility 50 Total Return Index (TRI). This open-ended index fund is aimed at investors seeking long-term capital growth through investments in a low-volatility equity portfolio.

Investment Objective

The scheme’s primary goal is to provide returns that correspond closely to the total returns of the Nifty 500 Low Volatility 50 Index, subject to tracking errors. While the fund is designed to follow the index, there is no guarantee of achieving perfect alignment due to operational and market factors.

Benchmark Index

The fund uses the Nifty 500 Low Volatility 50 TRI as its benchmark. This index comprises 50 stocks selected from the Nifty 500 universe based on their low volatility over the past year, aiming to offer a more stable equity investment experience.

Fund Category and Type

This is an Index Fund under the equity-oriented scheme category. It is open-ended, allowing investors to subscribe and redeem units on any working day.

Asset Allocation

The scheme will predominantly invest 95–100% of its assets in securities comprising the Nifty 500 Low Volatility 50 Index, ensuring high fidelity to the benchmark. Up to 5% may be allocated to money market instruments and cash equivalents for liquidity purposes.

Investment Strategy

The scheme will passively track the index by investing in its constituents in the same proportion as in the index. There will be no active stock selection. The strategy aims to minimise tracking error, which under normal conditions is expected to be capped at 2% per annum. The fund may also use equity derivatives for temporary rebalancing or liquidity management, restricted to 20% of the equity portfolio.

Fund Manager Details

The scheme is managed by Mr Jitendra Tolani, who has over 18 years of experience in equity trading and fund management.

Plans and Options

The fund offers both Direct and Regular Plans, each with:

  • Growth Option
  • Income Distribution cum Capital Withdrawal (IDCW): Payout and Reinvestment options.

Minimum Investment and Other Key Details

  • New Fund Offer Price: ₹10 per unit
  • Minimum Initial Investment: ₹1,000 and in multiples of ₹1 thereafter
  • Minimum Additional Purchase: ₹1,000
  • Minimum Redemption: ₹100 or account balance
  • Exit Load: Nil

Liquidity and NAV Disclosure

The fund offers daily liquidity, allowing purchases and redemptions on any working day. NAV will be published daily by 11:00 PM on both the AMFI and Nippon India websites.

Expense Ratio and Charges

The fund’s total annual recurring expenses are capped at 1% of daily net assets, as per SEBI norms. No NFO expenses will be charged to the scheme.

Risk Factors

As with all equity investments, the scheme is subject to market risks. Additional risks include:

  • Tracking error risk
  • Volatility of underlying index stocks
  • Liquidity risk
  • No active risk management during market downturns

The scheme does not attempt to outperform the benchmark or adopt defensive positions in bearish markets.

Conclusion

The Nippon India Nifty 500 Low Volatility 50 Index Fund is designed for investors seeking a low-volatility equity experience through a diversified passive portfolio. While it offers exposure to stable companies within the Nifty 500 universe, investors must consider market risks and the passive nature of the scheme before investing.

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

Nippon India Files Draft with SEBI for Nifty 500 Quality 50 Index Fund

Nippon India Mutual Fund has filed a draft Scheme Information Document (SID) with the Securities and Exchange Board of India (SEBI) for its upcoming offering—Nippon India Nifty 500 Quality 50 Index Fund. This open-ended equity scheme will passively track the Nifty 500 Quality 50 TRI and aims to provide exposure to high-quality companies through a rules-based investing approach.

Investment Objective

The objective of the scheme is to generate returns that correspond to the total returns of the Nifty 500 Quality 50 Index, before expenses and subject to tracking errors. It must be noted that there is no guarantee or assurance that the scheme will achieve its objective.

Benchmark Index

The scheme will use the Nifty 500 Quality 50 Total Return Index (TRI) as its benchmark. This index includes 50 companies from the Nifty 500 universe, selected based on quality parameters such as high return on equity, low financial leverage, and earnings stability.

Fund Category and Structure

  • Category: Index Fund (Equity-oriented) 
  • Type: Open-ended 
  • Scheme Style: Passively managed, tracking-based

Asset Allocation

The indicative asset allocation under normal circumstances is as follows:

Instrument Minimum Allocation (%) Maximum Allocation (%)
Securities constituting Nifty 500 Quality 50 Index 95 100
Cash & cash equivalents and Money Market instruments 0 5

Additionally, the scheme may engage in equity derivatives (up to 20% of the equity portfolio), securities lending (up to 15% of net assets), and limited investments in liquid and money market mutual fund schemes.

Investment Strategy

The scheme will adopt a passive investment approach, aiming to replicate the performance of the Nifty 500 Quality 50 Index. It will invest in the same securities and in similar proportions as the index without active stock picking or market timing. The fund may use derivatives and rebalancing to minimise tracking error.

Portfolio Turnover

Turnover is expected to be limited to rebalancing activities triggered by changes in the index composition and corporate actions, helping to keep transaction costs low.

Fund Manager

The scheme will be managed by Mr Jitendra Tolani, who brings over 18 years of experience in equity markets. He currently manages multiple index and sectoral funds within Nippon India Mutual Fund’s passive investment division.

Key Scheme Details

  • NFO Price: ₹10 per unit
  • Minimum Investment (NFO and Ongoing): ₹1,000 and in multiples of ₹1 thereafter
  • Exit Load: Nil
  • NAV Disclosure: Calculated daily and published on the AMC and AMFI websites by 11:00 p.m.

Plans and Options

Both Regular and Direct Plans will be available under:

  • Growth Option
  • Income Distribution cum Capital Withdrawal (IDCW) – with Payout and Reinvestment options

Risk Factors

As an equity index fund, the scheme is exposed to market risk, tracking error, and concentration risk linked to index methodology. It will not actively adjust holdings in response to market movements or macroeconomic events.

Expense Ratio

The annual recurring expenses are capped at 1% of daily net assets, with additional expenses permissible under SEBI guidelines. Direct plans will have a lower expense ratio as they exclude distribution commissions.

Special Features and Facilities

  • SIP, STP, and SWP options
  • Auto-switch facility from debt/liquid schemes during NFO
  • Digital investment platforms including website, app, and MF Utility
  • ASBA support for NFO participation

Conclusion

Nippon India Mutual Fund’s proposed Nifty 500 Quality 50 Index Fund aims to provide investors a convenient and low-cost way to access a portfolio of high-quality companies from the broader Nifty 500 universe. As this is a draft filed with SEBI, the fund is currently under review and subject to final approval and updates.

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

ICICI Prudential Files Nifty Private Bank Index Fund with SEBI

ICICI Prudential Mutual Fund has announced the launch of its Nifty Private Bank Index Fund, an open-ended index scheme tailored to replicate the Nifty Private Bank TRI. This fund offering is crafted for investors seeking long-term wealth creation by passively investing in India’s leading private-sector banks.

Objective of the Scheme

The fund’s investment objective is to provide returns that closely correspond to the total returns of the Nifty Private Bank Index, subject to tracking error. It aims to mirror the index by investing in the same constituents and in similar proportions.

Benchmark

The scheme will track the Nifty Private Bank Total Return Index (TRI) as its benchmark. This index is designed to reflect the performance of major private sector banks in India and is considered appropriate for performance comparison.

Category and Type of Scheme

The fund is classified as an “Other Scheme – Index Fund” under SEBI’s mutual fund categorisation. It is an open-ended scheme, meaning units can be bought or redeemed on any business day.

Asset Allocation

The scheme’s asset allocation is as follows:

  • 95–100% in equity and equity-related securities of companies forming part of the Nifty Private Bank Index.
  • 0–5% in money market instruments, including TREPs and debt mutual funds, primarily for liquidity management.

The scheme may also engage in stock lending, up to 20% of its net assets, in line with SEBI regulations.

Investment Strategy

ICICI Prudential Nifty Private Bank Index Fund follows a passive investment strategy, seeking to replicate the benchmark index rather than actively selecting stocks. Key highlights of the strategy include:

  • Investing in all index constituents in the same weight as the index.
  • Rebalancing the portfolio within 7 calendar days in the event of index changes.
  • Maintaining tracking error within the regulatory limit of 2%.

Where Will the Scheme Invest?

The fund will primarily invest in:

  • Equity shares of companies included in the Nifty Private Bank Index.
  • Equity derivatives (for short-term liquidity or rebalancing purposes).
  • TREPs and money market instruments to meet liquidity needs.

Fund Managers

The scheme will be jointly managed by:

  • Mr. Nishit Patel – Chartered Accountant and CFA (Level 1), associated with ICICI Prudential since 2018, with extensive experience managing various passive and index-based products.
  • Ms. Ashwini Shinde – M.Com and Inter CA, with years of experience at ICICI Prudential AMC across treasury operations and now managing passive schemes.

Plans and Options

The fund offers 2 plans:

  • Regular Plan
  • Direct Plan

Each plan provides the following options:

  • Growth Option (Default)
  • Income Distribution cum Capital Withdrawal (IDCW) with Payout and Reinvestment sub-options.

Load Structure

  • Exit Load: Nil
     Investors can exit the scheme without incurring any charges.

Minimum Investment Amounts

  • Initial purchase: ₹1,000 and in multiples of ₹1.
  • Additional purchase: ₹1,000 and in multiples of ₹1.
  • Minimum switch-in amount: ₹1,000.
  • Minimum redemption: Any amount.

Expense Ratio

The Total Expense Ratio (TER) is capped at 1.00% of the daily net assets. An additional 0.30% may be charged for retail inflows from specified B30 cities, subject to SEBI guidelines.

The direct plan will have a lower expense ratio as it excludes distributor commissions.

Special Facilities

The scheme supports Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), and Systematic Withdrawal Plan (SWP), offering flexibility in investing and withdrawing funds.

Conclusion 

The ICICI Prudential Nifty Private Bank Index Fund provides investors with an opportunity to invest passively in the growth and evolution of India’s private banking sector. By mirroring the Nifty Private Bank Index, the scheme seeks to deliver index-like returns with a disciplined, low-cost strategy.

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

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.

Tata Capital IPO: Board Gave Approval to Go Public in EGM

As per news reports, Tata Capital Ltd., the financial services arm of the Tata Group, has moved a step closer to entering the public markets. In a significant development, the company’s shareholders have approved its proposed Initial Public Offering (IPO) during an Extraordinary General Meeting (EGM) held recently. This approval marks a pivotal milestone in the company’s listing journey and aligns with its strategic growth objectives.

Shareholders Vote in Favour of the IPO

According to a news report, the proposal to initiate the IPO was passed by the requisite majority during the EGM. A total of 367.9 crore votes were cast in favour by 230 members, while just 361 votes from eight members opposed the motion, as per the company’s exchange filing. The decision sets the stage for Tata Capital to become the 17th publicly traded entity under the Tata Group umbrella.

EGM Clears Additional Key Proposals

Alongside the IPO resolution, shareholders also approved several other significant proposals during the EGM. These included:

  • An increase in investment limits for non-resident Indians (NRIs) and overseas citizens of India (OCIs).

  • Amendments to the company’s Employee Stock Option Scheme (ESOP), which could pave the way for greater employee participation in the company’s equity.

IPO Structure and Fundraising Potential

As per news sources, Tata Capital’s IPO could raise around $2 billion (equivalent to over ₹17,000 crore), potentially valuing the company at approximately $11 billion. The offering is expected to comprise a fresh issue of 2.3 crore equity shares and an offer-for-sale by certain existing shareholders.

This dual structure suggests that the company aims to infuse fresh capital into its operations while also providing an exit route for some of its early investors.

Pre-IPO Fundraising Activity

Ahead of the proposed public listing, Tata Capital completed a rights issue earlier this week, raising ₹1,500 crore. Tata Sons, which currently holds a 93% stake in the company, fully subscribed to its entitlement. Other shareholders, including the International Finance Corporation, also participated in the issue. The capital raised is expected to support the company’s lending activities and improve its leverage ratios.

Regulatory Milestones and Classification

Tata Capital has already received board approval for the IPO and is classified as an ‘upper-layer’ non-banking financial company (NBFC) by the Reserve Bank of India (RBI). This classification brings it under tighter regulatory supervision, highlighting the significance of transparency and governance in its operations.

The company is also awaiting a final order from the National Company Law Tribunal (NCLT) regarding its proposed merger with Tata Motors Finance. The order is expected by the end of the current financial year, following which Tata Capital is likely to file its draft red herring prospectus with the Securities and Exchange Board of India (SEBI).

Conclusion

With shareholder approval now secured and other regulatory steps underway, Tata Capital’s IPO journey appears to be gaining momentum. If successful, the public listing will mark a new chapter in the company’s evolution and expand the Tata Group’s presence in the capital markets. However, it is important to note that the listing timeline and final structure remain subject to regulatory approvals and market conditions.

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.

SEBI Cancels Licenses of 72 Research Analysts for Failing to Renew Registration

The Securities and Exchange Board of India (SEBI) has cancelled the registrations of 72 research analysts for failing to pay the required renewal fees. The action aims to prevent the misuse of expired certificates by ensuring compliance with market norms. Additionally, SEBI imposed penalties on several entities for engaging in non-genuine trades in the BSE’s illiquid stock options segment.

SEBI Cancels Research Analyst Registrations

SEBI took regulatory action against 72 entities registered as research analysts after they failed to pay their renewal fees, leading to the expiration of their registration certificates. As per SEBI (Research Analyst) Regulations, 2014, every registered research analyst must pay a renewal fee every five years to maintain their registration. The failure of these entities to comply resulted in a summary proceeding under the intermediaries’ rules.

In February 2024, SEBI issued show-cause notices to the defaulters, seeking an explanation for the violation. Following their non-compliance, SEBI’s Chief General Manager Bithin Mahanta exercised his regulatory powers and officially cancelled their registrations. The regulator clarified that this move prevents the potential misuse of expired certificates by misleading investors. SEBI also directed these entities to maintain and preserve records related to investor grievances, client transactions, and fund transfers.

Penalties for Non-Genuine Trades in Illiquid Stock Options

In addition to the registration cancellations, SEBI penalised seven entities for conducting non-genuine trades in the illiquid stock options segment of the BSE. These trades created artificial volumes through large-scale reversal transactions between April 2014 and September 2015.

The entities penalised with fines of Rs. 5 lakh each include Sahadev Paik HUF, Paritosh Saha HUF, Tripta Shroff, and Daksh Share Brokers. Additionally, Abhishek Gupta, Faithful Cloth Merchants Pvt Ltd, and Bajaj Pratisthan Pvt Ltd were also fined for similar violations. SEBI’s investigation revealed that these entities participated in fraudulent trading practices that distorted market integrity, prompting enforcement action.

Conclusion

SEBI’s latest regulatory actions reinforce its commitment to market transparency and compliance. By cancelling expired registrations and penalising non-genuine trades, the regulator aims to uphold investor confidence and curb market malpractices.

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.