NFO Alert: UTI Mutual Fund Launches UTI Income Plus Arbitrage Active FOF

UTI Mutual Fund has launched a new open-ended scheme — UTI Income Plus Arbitrage Active FoF. The New Fund Offer (NFO) is open from March 21, 2025, to April 3, 2025. The fund will invest in a mix of debt-oriented mutual fund schemes and arbitrage mutual fund schemes.

Basic Details

  • Scheme Type: Open-ended fund of fund
  • Category: Debt: Others
  • Fund House: UTI Mutual Fund
  • Benchmark: 60% CRISIL Short Duration Debt A-II Index + 40% Nifty 50 Arbitrage TRI
  • Fund Manager: Anurag Mittal
  • Registrar & Transfer Agent: KFin Technologies Ltd.
  • Risk Level: Moderate
  • Exit Load: Nil
  • Lock-in Period: None
  • Plans: Growth

Investment Objective

The fund aims to generate long-term capital appreciation by investing in a mix of debt and arbitrage mutual fund schemes. It does not invest directly in equity or debt instruments, but rather in the units of other mutual fund schemes that follow these strategies.

Investment Strategy
The fund will allocate assets between two types of schemes:

  • Debt-oriented mutual fund schemes
  • Arbitrage mutual fund schemes

The debt portion focuses on short-duration instruments, while the arbitrage portion looks to benefit from pricing inefficiencies between cash and derivatives markets.

Minimum Investment and Plan Options

  • Minimum Investment: ₹1,000 and in multiples of ₹1 thereafter
  • Plans Available: Direct Plan and Regular Plan
  • Options: Growth Option only (No IDCW option available)

Suitability

This scheme is structured for investors who want capital appreciation through a mix of low-risk debt and market-neutral arbitrage strategies. It does not guarantee returns and carries a moderate level of risk, as per the scheme’s riskometer.

Conclusion 

The UTI Income Plus Arbitrage Active FoF combines two types of mutual fund strategies under a single scheme. With no lock-in, no exit load, and a relatively low minimum investment requirement, it is available for subscription until April 3, 2025.

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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.

TVS Motor Declares 1,000% Interim Dividend; Total Payout Stands at ₹475 Crore

TVS Motor Company Ltd, one of India’s leading 2 and 3-wheeler manufacturers, has announced an interim dividend of ₹10 per equity share for the financial year ending March 31, 2025. 

The dividend declared at a rate of 1,000% on the face value of ₹1 per share, amounts to a total payout of ₹475 crore. This significant declaration was made following a board meeting held on March 20, 2025.

The interim dividend reflects the company’s continued financial discipline and its ability to generate substantial shareholder value. This announcement comes as part of the company’s broader commitment to maintaining consistent capital allocation and rewarding its shareholders.

The share price of TVS Motor was up by 2.18% at  ₹2,400 as of 9:43 AM on March 21, 2025. 

Record Date and Payout Timeline

In accordance with SEBI regulations, TVS Motor has set March 26, 2025, as the record date for the interim dividend. Shareholders whose names appear in the company’s register or in depository records at the close of business on this date will be eligible to receive the dividend. 

The disbursement is expected to be completed within 30 days from the date of declaration.

Both physical and electronic shareholders are entitled to this payout, with the company ensuring compliance with regulatory norms to facilitate timely and efficient distribution.

Q3FY25 Financial Highlights

The dividend announcement follows a robust financial performance by the company in the third quarter of FY25. TVS Motor reported a net profit of ₹618 crore for Q3FY25, marking a 4% increase compared to the same period last year. Revenue also rose to ₹9,097 crore, reflecting a 10.3% year-on-year growth.

The company’s operational performance showed improvement, with EBITDA rising 17% year-on-year to ₹1,081 crore. Margins also expanded by 70 basis points to 11.9%, up from 11.2% in the corresponding quarter of the previous financial year.

Conclusion

TVS Motor’s interim dividend declaration, amounting to a substantial ₹475 crore, underlines its strong financial footing and commitment to shareholder return. Coupled with Q3FY25’s performance, the company continues to demonstrate resilience and operational efficiency in a dynamic market environment.

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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. 

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

DPIIT Signs MoU with Kyndryl to Support Indian Startups in Manufacturing and IT

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Government of India, has signed a Memorandum of Understanding (MoU) with Kyndryl Solutions Pvt. Ltd. to support the growth of startups in the manufacturing and IT sectors. The goal is to help early-stage companies build scalable digital solutions by offering technical and operational support.

Focus Areas and Target Sectors

The partnership will concentrate on sectors such as manufacturing, IT, automotive, pharmaceuticals, BFSI, oil & gas, and government services. Startups working in these areas will receive structured guidance on product development, cybersecurity, market readiness, and integration with enterprise systems.

Infrastructure and Market Access

As part of the agreement, Kyndryl will provide infrastructure support to startups to help them scale operations. The collaboration also includes mentorship and advisory sessions. These will cover areas such as digital transformation, generative AI, and cloud solutions. Startups will also be connected to potential customers, especially large enterprises, to help build market linkages.

Support Through Dedicated Programs

Kyndryl will design and implement dedicated programs for startups that are developing AI-based products or looking to deploy solutions at an enterprise level. This includes providing awareness about government incentives, helping with policy navigation, and preparing startups for global markets.

The MoU includes plans for industry workshops aimed at improving customer experience and operational processes. It also covers support for startups looking to expand beyond India, offering guidance on entering international markets.

Other DPIIT Collaborations

In a separate development, DPIIT has also partnered with Yes Bank to support startups through access to funding, financial services, and banking solutions. Through the bank’s HeadStartup programme, startups can access working capital and credit facilities to support their operational needs.

Conclusion 

The MoU with Kyndryl was signed by Dr. Sumeet Kumar Jarangal, Director at DPIIT, in the presence of senior officials from both organisations.

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.

Apple, Samsung Lead India’s Smartphone Export Surge in 2024

In 2024, Apple and Samsung together contributed 94% of India’s smartphone exports, as per news reports. Their expanding local manufacturing played a major role in pushing India’s overall smartphone exports up by 6% year-on-year (YoY), as per news reports.

Tata Electronics Reports Highest Growth

Tata Electronics recorded a 107% YoY growth in 2024, making it the fastest-growing manufacturer. The company’s growth was driven mainly by the production of iPhone 15 and iPhone 16 models. Tata has also entered semiconductor manufacturing with a new facility in Dholera, Gujarat.

Dixon Leads in Overall Mobile Manufacturing

In the broader mobile handset category, which includes both smartphones and feature phones, Dixon emerged as the leading manufacturer. Dixon’s smartphone segment alone grew 39% YoY, supported by new partnerships with Transsion brands and Realme.

Foxconn and Vivo 

Foxconn Hon Hai, one of Apple’s major suppliers, grew its manufacturing volumes by 19% YoY in 2024. Vivo, supported by offline retail expansion and distribution network strengthening, grew 14% YoY and captured a 14% shipment share, securing the second position in terms of smartphone shipments.

Samsung Maintains Its Position

Samsung registered 7% YoY growth, largely driven by export volumes. The company continued to maintain its strong presence in India’s electronics manufacturing sector.

Oppo’s Decline and DBG’s Expansion

Oppo’s shipments declined by 34% YoY, moving the brand to fourth place in manufacturing rankings. DBG, however, saw double-digit growth due to its growing partnerships with Xiaomi and realme.

Conclusion 

Apple is increasing hiring across locations like Bengaluru, Chennai, Hyderabad, and Delhi to support its manufacturing expansion. The company is also planning to begin production of AirPods in Hyderabad by April. In 2024, Apple produced 26.4 million iPhones worth $9.37 billion from India, with production expected to increase to 31.5 million units in 2025 and 40.68 million by 2026.

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.

TCS Collaborates with The Cumberland to Modernise Core Banking Systems

Tata Consultancy Services (TCS) has entered a partnership with The Cumberland Building Society in the UK to modernise its core banking infrastructure. The initiative will involve the deployment of TCS BaNCS for Core Banking, a digital solution aimed at improving operational resilience, mortgage services, and overall customer experience.

As of 1:00 PM on March 21, shares of Tata Consultancy Services Ltd shares were trading at ₹3,604.90, up ₹41.75 or 1.17% for the day.

Multiple digital tools to be integrated

In addition to BaNCS, TCS will implement its Digital Home Lending Solution and Quartz for Compliance as part of the transformation. These tools are to bring efficiency and automation across Cumberland’s banking operations. The solutions are to support a variety of functions, including fraud mitigation, communication management, and credit decisions.

About The Cumberland

Established in 1850, The Cumberland is among the top 10 building societies in the UK. It manages assets worth £3.2 billion and holds a mortgage lending portfolio of £2.6 billion. The society operates 31 branches across Cumbria, Northumberland, Lancashire, and southwest Scotland.

Banking Ecosystem 

TCS will also offer access to its TCS COIN (Co-Innovation Network) and the TCS BaNCS Marketplace, which allow financial institutions to integrate with third-party solutions. This setup is intended to give customers more flexibility in managing their finances, whether online, by phone, or in-branch.

Track record in UK financial sector

TCS currently supports 5 of the top 10 building societies in the UK. Its BaNCS solution is used by 20 financial institutions across the country. The platform has been adopted to replace legacy systems and offer cloud-native, API-driven, and AI-enabled capabilities.

Conclusion 

TCS has had a presence in the UK for over 50 years and employs around 24,000 people in the region. The company works with approximately half of the FTSE100 firms and has been ranked first in customer satisfaction among IT service providers in the UK.

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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. 

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

360 ONE Silver ETF NFO Deadline Extended to March 24

The New Fund Offer (NFO) period for the 360 ONE Silver ETF has been extended. The offer, which was earlier set to close on March 20, 2025, will now remain open for subscription until March 24, 2025. The extension gives investors 4 additional days to participate in the NFO.

Fund Details

The 360 ONE Silver ETF is an open-ended Exchange-Traded fund that falls under the Commodities – Silver category. It aims to provide returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.

  • Issue Opens: March 10, 2025
  • Revised Issue Close: March 24, 2025
  • Minimum Investment: ₹1,000
  • Plans Available: Growth
  • Exit Load: Nil
  • Lock-in Period: None

Fund Management and Registrar

The scheme is managed by Rahul Khetawat. The Registrar and Transfer Agent for the fund is Computer Age Management Services Ltd. (CAMS). The Riskometer categorises this fund under the ‘Very High’ risk category.

Benchmark and Investment Approach

The ETF is benchmarked against the domestic prices of silver. The investment objective is to track the price of physical silver in India as closely as possible. The performance of the scheme may differ from the actual price movements of silver due to tracking error.

Other Details

The fund does not have a dividend option under this NFO and is only offered under the Growth plan. There are no exit charges if units are redeemed, and investors are free to enter or exit without a lock-in.

Conclusion 

The 360 ONE Silver ETF NFO, originally closing on March 20, will now close on March 24, 2025. It offers commodity-based exposure through silver and is available at a minimum investment of ₹1,000.

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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.

SEBI to Launch Settlement Scheme for Brokers in Algo Violation Cases

The Securities and Exchange Board of India (SEBI) is preparing to introduce a settlement scheme for stock brokers who received show-cause notices related to their association with unregulated algorithmic trading platforms. The scheme will be presented to SEBI’s board on March 24 as an information memorandum and is expected to be notified soon after.

Low Settlement Amount, Limited Window

The proposed settlement amount is to be in the range of ₹1–2 lakh. Brokers who want to opt for the scheme must apply to SEBI. The application window will be open for 3 months and may be extended depending on the number of responses received.

Over 110 Brokers Issued Notices

In 2023, SEBI sent show-cause notices to more than 110 brokers, including Zerodha, 5Paisa Capital, and Motilal Oswal Financial Services. These brokers were found to be associated with platforms offering algorithmic trading strategies that promised assured returns, a practice not permitted under SEBI’s regulations.

Previous Warnings and Circulars

SEBI had issued a public warning in June 2022, followed by a circular in September 2022. The circular prohibited brokers from associating with unregulated platforms that claimed performance or return-based algo strategies. It also instructed brokers to terminate any such partnerships within seven days.

Despite these directives, SEBI found that several brokers continued their affiliations with such platforms, prompting further investigation and the issuance of show-cause notices.

New Rules Introduced in February 2024

On February 4, SEBI introduced new regulations requiring brokers to act as principals for all algo trading executed via APIs. Algo providers must now be empanelled with stock exchanges and will act as agents of the brokers. Brokers are prohibited from onboarding non-empanelled algo vendors.

Conclusion

SEBI has also issued a consultation paper suggesting changes to the Issue of Capital Disclosure Requirements (ICDR) and Share-Based Employee Benefits (SBEB) norms. These changes aim to clarify minimum holding periods and ESOP-related rules. Public comments on these proposals are open until April 10.

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

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

Kotak Mutual Fund Introduces ₹250 ‘Choti SIP’ for First Time Investors

Kotak Mahindra Asset Management Company Ltd (KMAMC) has announced the launch of ‘Choti SIP’, allowing investors to start a Systematic Investment Plan (SIP) with a minimum monthly contribution of ₹250. The facility is applicable across all eligible schemes of Kotak Mutual Fund.

Eligibility Criteria

The Choti SIP is specifically for first-time mutual fund investors. To qualify, the investor must not have previously invested in any mutual fund scheme, whether through SIP or lump sum, across the industry.

Mandatory Conditions for Participation

Under this facility, the investor must opt for the Growth Option only and commit to a minimum of 60 monthly instalments. Additionally, the SIP must be registered through NACH or UPI auto-pay systems, other payment modes are not accepted.

Sachet-Style Investing 

This launch aligns with the framework introduced by the Securities and Exchange Board of India (SEBI) and the Association of Mutual Funds in India (AMFI) to encourage small-ticket SIPs. The announcement of this initiative took place on February 21 in Mumbai, where SEBI and AMFI jointly introduced the small SIP model to promote greater retail participation.

Mutual Fund Participation in India

India currently has around 5.4 crore unique mutual fund investors, according to industry estimates reports. The goal of initiatives like Choti SIP is to reduce barriers to entry and widen access to mutual fund investments, especially for individuals with limited capital.

Previous Launches by Other AMCs

Before Kotak, SBI Mutual Fund launched a similar micro SIP offering called JanNivesh SIP, which also allowed investments starting from ₹250. Other asset management companies, including Aditya Birla Sun Life Mutual Fund, have also introduced small-ticket SIPs under the same regulatory framework.

Conclusion

The purpose of this product is to make mutual fund investing more accessible and to promote regular savings among new investors. Kotak Mutual Fund has clarified that while the facility lowers the minimum investment amount, it does not guarantee returns and advises users to assess their financial plans accordingly.

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.

Eli Lilly Launches Mounjaro Drug in India for Weight Loss and Type 2 Diabetes

Eli Lilly has introduced Mounjaro (tirzepatide), a once-weekly injectable drug approved by the Central Drugs Standard Control Organisation (CDSCO), for the treatment of type 2 diabetes and weight loss in India. The drug is expected to be available in pharmacies across the country in the coming weeks with a valid prescription.

Dual Receptor Mechanism

Mounjaro is the first drug in its class to activate both GIP and GLP-1 receptors. This dual-action mechanism helps regulate blood sugar levels, promote insulin secretion, reduce glucagon, slow digestion, and influence appetite and fat metabolism. It is not insulin but a receptor agonist that increases the body’s sensitivity to insulin.

The 2.5 mg vial of Mounjaro has been priced at ₹3,500, while the 5 mg vial is set at ₹4,375. These prices are specific to the Indian market.

Clinical Trial Data

In the SURMOUNT-1 clinical trial conducted in the United States, participants with obesity taking tirzepatide recorded an average weight loss of 21.8 kg at the highest dose (15 mg) and 15.4 kg at the lowest dose (5 mg) over 72 weeks. Additionally, 1 in 3 participants lost over 25% of their body weight, compared to 1.5% in the placebo group.

Comparison with Other Drugs

Mounjaro and Ozempic (semaglutide) are both used for type 2 diabetes, but only Mounjaro has dual GIP and GLP-1 action. Ozempic targets GLP-1 alone. Both drugs are also prescribed off-label for weight loss, though Mounjaro’s clinical trials have shown greater average weight loss figures.

Conclusion 

The company stated that the previous shortage of tirzepatide has been resolved. Since 2020, Eli Lilly has invested over $50 billion to scale up manufacturing operations globally.

Eli Lilly is coordinating with healthcare providers, insurers, and policymakers in India to support distribution and access for patients managing type 2 diabetes and obesity.

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.

CDSL Arm Centrico Insurance Repository Partners with LIC for Digital Insurance Services

Centrico Insurance Repository, a subsidiary of Central Depository Services, has signed an agreement with the Life Insurance Corporation of India (LIC) to offer insurance repository services. This collaboration aims to enhance digital access and management of insurance policies.

Expanding Digital Insurance Services

The insurance repository system, introduced by regulators, allows policyholders to store policies electronically. It also enables seamless modifications and updates, ensuring a more efficient and paperless insurance experience.

Centrico’s Growing Network and LIC’s Market Presence

Centrico is already partnered with 43 insurers, including 23 life insurance companies. LIC, India’s largest life insurer, has achieved a new business premium of Rs. 3.36 trillion in FY25, reinforcing its dominant position in the industry.

CDSL Share Performance 

As of March 21, 2025, at 11:15 AM, CDSL Ltd share price is trading at ₹1,205.65 per share, reflecting a surge of 3.02% from the previous day’s closing price. Over the past month, the stock has fallen by 3.98%. The 52-week high and 52-week low of the stock stand at ₹1,989.80 and ₹837.50 per share ,respectively.

Conclusion

The partnership between Centrico and LIC marks a significant step toward digital transformation in the insurance sector, offering policyholders greater convenience and accessibility.

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.