AXY Financial News

POMD token. At the time of this writing, POMD currently sells for $0.007 in the first stage of its presale. A 20x rally will see the token trade as high as $0.14.

Total deposits under the newly launched Mahila Samman Savings Certificate (MSSC) scheme have jumped over Rs 8600 crore and more than 14 lakh accounts have been opened across states, according to data shared by the Finance Ministry in Lok Sabha.

I have been investing varying amounts in seven different mutual fund schemes. Here are the details of my investments:Quant Tax Plan: Rs. 3500 per month Quant Small Cap Fund: Rs 2500 per monthMirae Asset Tax Saver Fund: Rs 2000 per month UTI Small Cap Fund: Rs 2000 per month Axis Small Cap Fund: Rs 1000 per monthAxis Long Term Equity Fund :Rs 500 per month Tata Small Cap Fund: Rs 1000 per month (started this month) Do I need to modify any of these investments? If yes, what adjustments would you suggest? Also, I'm looking to increase my SIP contribution by Rs 2,000 per month. Given my current portfolio and your understanding of the market, could you provide some suggestions on where this additional investment should be allocated? --Raghav Kapoor You are investing in three tax saving schemes and four small cap schemes. Investing a small amount in too many schemes doesn’t offer you the benefits of optimal diversification or maximise returns. Adding too many schemes often results in duplication of portfolios and over diversification. It also dilutes the overall returns.

₹525 for the nine months ending in December. During that time, the company made profit of ₹107. It has 137 branches spread throughout 105 locations, and as of December 2022, it had 94,997 customers, up from 40,432 in FY20.

Naveen Kulkarni, CIO, Axis Securities, says “there probably is still hope that Maruti Suzuki margin should improve because the commodity prices are low and production numbers are looking up. More importantly, premiumisation trends have been there in the segment. So, overall it should be fine in that way.

Mahila Samman Savings Certificate Scheme (MSSC) and mobilised Rs 8,630 crore, Parliament was informed on Monday. This is a newly launched small savings scheme of the government to commemorate the Azadi ka Amrit Mahotsav and is exclusively for women and girls in India, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.

₹54 to ₹57 per equity share of face value of ₹10 each. Bids can be made for a minimum of 260 equity shares and in multiples of 260 equity shares thereafter.

MUMBAI : Go Airlines India Ltd, the operator of bankrupt Go First airline, aims to secure higher interim financing of ₹600-700 crore from banks and start with fewer flights than earlier planned in its revised strategy to resume operations, two people directly aware of the plan said. “We have revised our original plan.

MPs belonging to the INDIA alliance will pause their protest in Parliament, demanding Prime Minister Narendra Modi’s statement on the Manipur issue, and participate in the debate and voting when the bill to replace the Delhi ordinance will come up in the Houses next week. This decision was taken after AAP members demanded so at the INDIA floor leaders’ meeting on Friday morning. But, this also triggered discontent among some Opposition MPs who wondered why the entire Opposition should be on their legislative vigil only for a bill about which the Arvind Kejriwal government and AAP are sensitive about whereas many other important bills were getting pushed through by the government by making use of the Opposition protests. While AAP’s Raghav Chaddha pitched for INDIA MPs’ presence in the Houses for debate and voting against the bill, Trinamool’s Derek O’Brien acted as the former’s zealous backer. “Evidently, AAP and Trinamool had come prepared to push the case and it is understandable given the Arvind Kejriwal-Mamata Banerjee axis in the Opposition,” quipped an Opposition leader after the meeting. While Congress is already tied down by its public promise to oppose the bill, as demanded by Kejriwal ahead of the Karnataka conclave, similar compulsion of others to keep “Opposition unity” also meant agreeing to AAP’s wish. The proposal for Opposition mobilisation against the bill included bringing ailing members such as former PM Manmohan Singh and Shibu Soren for voting.

Japan’s central bank opted to keep its benchmark interest rate at minus 0.1% but fine-tuned its bond purchases to allow greater flexibility. The BSE Sensex index ended 106 points or 0.16% lower at 66,160, while Nifty50 fell 14 points or 0.07% to settle at 19,646.

₹600 crore and an offer for sale (OFS) of ₹425 crore, according to the Red Herring Prospectus (RHP). The total offer size of SBFC Finance IPO now is ₹1,025 crore.

Federal Bank(up 1.61 per cent), IDFCBANK(up 0.91 per cent), Kotak Mahindra Bank(up 0.46 per cent), Bandhan Bank(up 0.46 per cent) and State Bank of India(up 0.28 per cent) were among the top gainers. HDFC Bank(down 1.04 per cent), ICICI Bank(down 1.01 per cent), Axis Bank(down 0.66 per cent), Punjab National Bank(down 0.48 per cent) and IndusInd Bank(down 0.12 per cent) were the top losers on the index.

US Federal Reserve, Indian equity indices opened lower on Friday, dragged by banking and financial stocks. The BSE Sensex was trading 211 points or 0.32% lower at 66,055. Nifty50 was trading at 19,619, down 41 points or 0.21% at around 9.24 am.

“We foresee NIFTY EPS to post Growth of 16%/13% in FY24/25. We maintained our Dec '23 Nifty target at 20,200 by valuing it at 20x on Dec '24 earnings,” says Neeraj Chadawar, Head — Quantitative Equity Research, Axis Securities. In an interview with ETMarkets, Chadawar said: “In the bull case, we value NIFTY at 22x, translating into a Dec '23 target of 22,200. Our bull case assumption is based on the overall reduction in volatility and the success of a soft landing in the US market” Edited excerpts: We have seen a dream run on D-St with Sensex hitting 67000 and Nifty50 heading towards the 20,000 mark. Is this too good to be true and we are running ahead of fundamentals? The Indian market performance has shown resilience in the last couple of months.

MUMBAI : Indians snapped up collateral-free loans at a brisk pace in the June quarter, at a time the banking regulator has turned uneasy over the unabated growth in consumption credit. Unsecured loan portfolios of banks grew in double digits in the first quarter, led by a surge in personal loans. The growth in personal loans at HDFC Bank was 19.5%, ICICI Bank 38.6%, Yes Bank 32%, and Axis Bank 21%.

Best-performing Mid Cap Mutual Funds in 10 years (till July 25): Most of the Mid Cap Mutual Funds have delivered high annualised returns in 10 years. Data on the website of the Association of Mutual Funds in India (AMFI) shows that direct plans of as many as 11 mid-cap funds have given over 21% annualised returns in 10 years. The regular plans of 10 mid-cap schemes have given over 19% annualised returns in 10 years. Most of the mid-cap funds have also beaten their respective benchmark indices.

Axis Bank has recently introduced some major changes for its credit card customers. This move will impact customers of the Axis Bank Magnus and Axis Bank Reserve credit cards. You must be aware of the changes if you use any of them.

DCM Shriram Industries(up 3.43%), Sakthi Sugars(up 3.01%), Rajshree Sugars & Chemicals(up 0.87%), Ponni Sugars(Erode)(up 0.65%), Simbhaoli Sugars(up 0.41%), EID Parry(up 0.18%) and Bannari Amman Sugars(up 0.13%) stood among the top gainers. AVADHSUGAR(down 2.18%), Balrampur Chini Mills(down 2.08%), Uttam Sugar Mills(down 1.60%), Dhampur Sugar Mills(down 1.26%), Triveni Engineering & Industries(down 1.24%), K.M.Sugar Mills(down 1.12%), Dwarikesh Sugar Industries(down 1.11%), BAJAJHIND(down 1.08%), Shree Renuka Sugars(down 1.07%) and Mawana Sugars(down 1.01%) were among the top losers of the day.

US Fed. The 30-share BSE benchmark Sensex declined 440 points or 0.66% to settle at 66,267. The broader NSE Nifty dropped 0.60% to end below the 19,700 level.

SBFC Finance will open for public subscription on August 3 and close on August 7. The allocation to anchor investors will be done on August 2. The price band for the issue will be announced soon.

US Federal Reserve raised its benchmark lending rate on Wednesday (July 26) to the range of 5.25 per cent - 5.50 per cent, the highest level since 2001, and also signalled that the war against inflation will stretch, with a possibility of further increases ahead. Federal Reserve Chair Jerome Powell said it is possible the central bank will follow its latest rate rise with another one at the policy meeting scheduled for September, or it may even take a pause, depending on the macro data.