Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Gautam Adani, one of Asia’s wealthiest business tycoons, has faced increasing challenges in his overseas ventures, especially with his projects in Bangladesh and now Sri Lanka. With the recent political shift in Sri Lanka, Adani’s $1 billion wind energy project could be at risk due to environmental concerns and a potential change in government policy. New President, New Challenges for Adani Group Sri Lanka’s new president, Anura Kumara Dissanayake, is a Marxist leader with a strong stance on national sovereignty. During his election campaign, he promised to cancel foreign projects that he deemed a threat to Sri Lanka’s energy independence,…
The recent interest rate cut by the Federal Reserve in the US has raised expectations that India’s Reserve Bank of India (RBI) may follow suit in the coming months. Although the RBI has made it clear that controlling inflation is its priority, a gradual reduction in interest rates is expected in the second half of the financial year. If the RBI lowers rates by 25 basis points twice, the cost of funds for both banks and Non-Banking Financial Companies (NBFCs) will reduce. But, how will this impact the profitability of banks and NBFCs differently, and which sector could be a…
Investing in mutual funds can often outperform the stock market, as evidenced by the outstanding performance of several Axis Mutual Fund schemes. Over the past three years, six equity schemes from Axis Mutual Fund have delivered annualized SIP returns ranging from 30% to 40%, offering investors significant wealth growth in a relatively short period. A simple monthly SIP of ₹10,000 in these funds has grown to over ₹6 lakhs in just 36 months, making them some of the top-performing schemes in the market. Let’s explore these six high-performing Axis Mutual Fund schemes and how they have helped investors multiply their…
Investing in mutual funds, especially mid-cap funds, has proven to be a wealth-generating strategy for investors over the years. Some of these mid-cap funds have multiplied the money of their investors four to five times in the last five years, which is quite impressive. Let’s dive into these 7 top-performing mid-cap funds, but before that, let’s understand what makes mid-cap mutual funds unique. What Are Mid-Cap Funds? Mid-cap mutual funds primarily invest in companies that are medium-sized in terms of market capitalization. As per SEBI regulations, at least 65% of a mid-cap mutual fund’s investment must be in mid-cap stocks.…
Investors looking for long-term wealth creation through mutual funds have found a winner in the Tata Midcap Growth Fund. This fund has transformed the small SIP (Systematic Investment Plan) of Rs 3,000 per month into a massive Rs 3.5 crore over 30 years. Starting with a modest total investment of Rs 10.8 lakh, investors have reaped a net profit of approximately Rs 3.4 crore. The success of this fund shows how long-term investing and compounding can create significant wealth for investors. Impressive Growth of Tata Midcap Growth Fund Over the Years Launched in 1994, Tata Midcap Growth Fund has consistently…
Deepak Shenoy, once a software engineer, has turned his passion for the stock market into a full-time career. Shenoy, who began as a stock enthusiast, eventually became a fund manager and now, after receiving approval from SEBI, is set to launch his own mutual fund. The founder and CEO of Capitalmind Financial Services, he has taken an interesting journey from the tech world to the financial sector, gaining notable success in managing assets worth over Rs 2,200 crore. From Software Engineer to Fund Manager Shenoy’s story stands out among many professionals who have shifted their careers due to their growing…
The buzz around Swiggy’s upcoming IPO is growing as the online food delivery giant gets a green light from SEBI. Set to be one of the most anticipated IPOs of 2023, Swiggy is likely to launch its public offering in November. While the general public eagerly awaits the stock market debut, it appears that some of the biggest names from the worlds of sports and entertainment have already placed their bets. The pre-IPO shares of Swiggy have been attracting significant attention from celebrities. According to reports, notable figures like Bollywood legend Amitabh Bachchan, director Karan Johar, and cricket stars Rahul…
India’s Commerce Minister, Piyush Goyal, has put forward a unique proposal inspired by the Russian startup model, which could revolutionize the country’s growing startup ecosystem. This new plan involves building dedicated townships to support startups, providing them with much-needed infrastructure, affordable workspaces, and access to resources. Here’s what the model entails and how it could benefit India’s entrepreneurs. What Is the Russian Startup Model? In Russia, the government has set up several startup townships, designed specifically to nurture innovation. These include Skolkovo near Moscow, Innopolis near Kazan, Zhigulevsk Valley Technopark, and Akademgorodok in Siberia. Startups in Russia register with the…
Zerodha, India’s largest discount brokerage firm, has reported an impressive 62% jump in profit for the financial year 2023-24, taking its earnings to Rs 4,700 crore. The company also achieved a 21% revenue increase, bringing the total to Rs 8,320 crore. CEO Nithin Kamath confirmed these results on 25th September, emphasizing the company’s consistent financial success. The firm continues to set a benchmark for the industry with robust growth in both revenue and profit. Operating Margin Hits 57%, Topping Global Companies Zerodha’s operating margin for FY24 reached an extraordinary 57%, outperforming several major global tech companies. When unrealized gains of…
The much-anticipated Initial Public Offering (IPO) of KRN Heat Exchanger kicked off on 25th September 2024, and it has already created a stir in the market. The IPO, open for subscription until 27th September, has witnessed an impressive rise in the Grey Market Premium (GMP), crossing 100% on its first day. With a total IPO size of Rs 341.5 crore, the company is offering fresh equity shares, setting a price band between Rs 209 and Rs 220 per share. Given the promising start and expert opinions from leading brokerage houses, many investors are wondering whether they should subscribe to this…