The primary market is set for a busy week, with six mainboard and two SME initial public offerings (IPOs) scheduled to open, collectively targeting around Rs 11,000 crore.
Zetwork Manufacturing is the largest of the offerings, seeking to raise nearly Rs 5,000 crore through a fresh issue and an offer for sale. Bonfiglioli Transmission plans to raise around Rs 2,500 crore, followed by Tonbo Imaging India, which is targeting Rs 1,500 cr.
When comparing equity mutual funds, looking at returns alone can give only part of the picture. A fund may deliver strong returns over three years, but investors also need to see how those returns compare with the fund’s benchmark and whether the fund has added value over what the benchmark delivered. Among diversified equity funds,…
The new Merchant Discount Rate (MDR) on specified UPI transactions is set to create a new revenue stream for the digital payments ecosystem, with the money collected from merchants to be divided among banks, payment gateways, UPI apps and sponsoring banks. Finance Minister Nirmala Sitharaman has rejected allegations that the decision to introduce the charge…
Many deliberating on buying a home consider multiple options to finance their investment while ensuring maximum tax relief. One such case relates to whether a home buyer can use Systematic Withdrawal Plan (SWPs) from long-term mutual funds or stocks for monthly home loan prepayments. Cleartax founder and chief executive Archit Gupta provided an insightful answer…
Gold and silver prices: The price of the yellow metal in India’s retail market declined on Wednesday, 2 September, amid ongoing uncertainty over the US-Iran conflict in the Middle East, and fears of a Fed rate hike. In the international markets, gold fell on Wednesday to its lowest in more than three weeks, as the…
After rewarding investors handsomely in 2025, several of last year’s best-performing mutual fund categories have struggled to maintain their momentum in 2026, underlining how quickly market leadership can change. An analysis by Value Research of category-wise mutual fund returns through July shows that six of the seven major fund categories have seen their performance rankings…
Mumbai: India’s latest suite of dedicated forex-inflow programmes could net about $100 billion, nearly three times the proceeds from the last such exercise during the 2013 taper tantrum, if the special drives retain the early momentum displayed so far, market experts and economists said. “If the current pace of FCNR(B) inflows, as reflected in the…
ET Bureau
