Sundaram Asset Management Company Limited, a 100% subsidiary of Sundaram Finance Ltd., has announced the purchase of the asset management businesses of Principal Asset Management Pvt. Ltd. The deal value is Rs 338 crore. Sundaram will acquire the schemes managed by Principal Asset Management Pvt. Ltd and acquire 100% of the share capital of Principal […] Read More
Brookfield India Real Estate Trust, backed by Canada’s Brookfield Asset Management Inc., is seeking to raise upto Rs 3,808 crore in an initial public offering. This would be the third REIT in India, after Mindspace Business Parks REIT which debuted on the stock exchange in August 2020 and Embassy Business Office Parks that launched in […] Read More
Staff Writer As the financial year draws to a close, many tax-payers are searching for good ELSS (Equity Linked Savings Schemes) funds to invest in. ELSS funds are also called tax saving funds. The primary motive is to save tax under Section 80C and the long-term goal is to create wealth. Since tax-saving funds have […] Read More
Stove Kraft Ltd, a kitchen solutions and an emerging home solutions brand, is launching its initial public offer of equity shares on January 25. The company, promoted by Benguluru-based Gandhis, has raised a little over Rs 185 crore from anchor investors ahead of the over Rs. 400-crore IPO. Here are the details of the Stove […] Read More
The Price Earnings ratio, or the PE ratio, is a commonly used metric for investing. It is used to value a company. The ratio is known as “earnings multiple†or “price multiple†because it measures the present price of the share relative to its earnings. How to check PE ratio of stocks? PE ratio of […] Read More
Another interesting IPO is here. Home First Finance, founded in 2010 by PS Jayakumar, Jaithirth Rao and Manoj Viswanathan, is a technology-driven affordable housing finance play. The IPO opened for subscription on January 21 and will close on January. Shares are being offered at Rs 517-518 apiece, valuing the company at a market cap of […] Read More
SBI Mutual Fund has launched SBI Retirement Benefit Fund, a solution-oriented fund that offers four plans across risk profiles. The scheme also provides features like life cover up to a maximum of Rs 50 lakh per investor, option of two investment facilities of auto transfer and quarterly systematic withdrawal facility. The fund opened for subscription […] Read More
Educating children today isn’t as easy as it was decades ago. The cost of education is much higher and every parent wants their child to study in premier institutes. That’s the reason why many parents start saving for their children as soon as they are born. While making investments in your name for their education […] Read More
A Government Security (G-Sec) is a tradable instrument issued by the Central Government or the State Governments. So, what are the different types of government bonds? In India, the government issues short term as well as long term government securities (G-Sec). Short-term G-Sec are those that have a maturity of less than one year. These […] Read More
The stock markets keep changing every day. They can be flat or can go up or down depending on a number of reasons. These include domestic news, global events, business updates, corporate earnings etc. Most of the time, investors rebalance their portfolio when there are market changes that impact their investment portfolio. For instance, if […] Read More
