Reserve Bank of India – Annual Report

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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4 Mutual Fund NFOs That Are Currently Active

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1. Mirae Asset S&P 500 Top 50 ETF NFO:

This is an open-ended scheme replicating/tracking S&P 500 Top 50 Total Return Index. S&P 500 Top 50 includes 50 largest companies from S&P 500 index, one of the 3 major US index. So, investment in the scheme offers an investor an opportunity to park funds across 50 top Amercian companies.

Other relevant details:

Issue period: September 1- September 14

Minimum investment amount- Rs. 5000 and in multiples of Rs. 1 thereafter

Allotment price: offer for sale of units at 1/10000th of the S&P 500 Top50 Index on the date of allotment

Who can go for the Mirae Asset NFO?

Investors looking for diversification and those seeing further capital growth opportunity through exposure in international markets. There will be exposure provided to different sectors as well. This can also be a good bet to diversify in global markets at low cost and benefit from rupee depreciation.

2. Axis Value Fund NFO:

2. Axis Value Fund NFO:

The proponent of growth investing has lately launched the Axis Value Fund primarily to take on the opportunity that is seen in the space because of the recent performance improvement of value stocks.

Typically the NFO, will work on the principle of value investing which suggest that the mutual fund will scout out for sectors or stocks that are available at cheaper valuation but over the course of time may see or have the potential for re-rating.

Key details:

Offer period: September 2- September 16, 2021

Minimum investment amount: Rs. 5000

Benchmark- S&P BSE 200 TRI

Exit load:0-1%

Minimum SIP/STP for Quarterly frequency is Rs. 1,000

Minimum SWP for Quarterly frequency is INR 3,000

Exit Load – 1% if redeemed before 365 days and 0% if redeemed after.

Other benefits:

-Long term capital appreciation

-Also, the fund will not lap up deep value or highly leveraged stocks.

-Not purely value and includes a mix of growth stock such that the fund does not underperforms when the market gets out of favour

-Quality portfolio with exposure across sectors as well as market cap.

“In the past 10 years, value has been a high-risk, low-return proposition-more volatile than growth and yet giving lower returns. Instead, our approach will take the health of the business account as well as its valuations. Jinesh Gopani will manage the fund for now and we have internal filters in place to create a universe of suitable companies for this fund. But if in the future we believe it needs a dedicated manager, we will appoint one,” said Patni-head of products and alternatives, Axis Mutual Fund.

3. HSBC mid cap fund NFO:

3. HSBC mid cap fund NFO:

Key details- September 6- September 20

Minimum lump sum – Rs. 5000

Minimum SIP- Rs. 1000 for 6 months

Exit load: Within 1 year 1%

Investments will be channelized in mid cap stocks and partially in small cap to generate alpha

Benchmark – Nifty Mid Cap 150 index TRI

Fund Manager- Mr. Ankur Arora

‘4Q’ investment approach will be made use of: Focus shall be on the quality of business, quality of management, quality of earnings, and quantum of earnings.

Who can invest in HSBC mid cap fund NFO?

As since the pandemic has struck in March 2020 and the financial crisis then, mid cap stocks have returned their glory, there may be seen higher returns over the long term. Nevertheless, higher return will come at a high risk given the fund deployed in relatively less mature companies.

4. Kotak Multicap fund NFO:

4. Kotak Multicap fund NFO:

As per the mandate for multicap fund, a minimum of 25% each shall be deployed into small, mid and large cap. For the remaining, the fund’s model will provide a light on when to hold a particular market cap in higher proportion and for how long.

Issue details- September 8-September 22, 2021

Minimum- Rs. 5000

Via SIP- Rs. 1000 for 6 months

NAV- Rs. 10 during NFO period

Exit load- Within 1 year-beyond 10% of investments-1% exit load

Benchmark- Nifty 500 Multicap 50:25:25 TRI

Who should invest in Kotak Multicap fund NFO?

This shall be a good option for investors who are in the process of building up their MF folio as the fund will provide apt exposure across m-capitalisation. Furthermore this can be a good option for those on the hunt to add

Disclaimer

Disclaimer

The above mentioned NFOs are not a call for investment in them but as being seen NFOs are raking in huge money and both AMCs as well as investors are capitalising on the current momentum, here is collated information on all the NFOs that are currently open.

GoodReturns.in



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Reserve Bank of India – Annual Report

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Reserve Bank of India – Press Releases

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Auction Results 5.63% GS 2026* GOI FRB 2034** New GS 2035*** 6.67% GS 2050
I. Notified Amount ₹11000 Crore ₹3000 Crore ₹10000 Crore ₹7000 Crore
II. Underwriting Notified Amount ₹11000 Crore ₹3000 Crore ₹10000 Crore ₹7000 Crore
III. Competitive Bids Received        
(i) Number 232 91 249 211
(ii) Amount ₹34591 Crore ₹14166.452 Crore ₹32519 Crore ₹22513.5 Crore
IV. Cut-off price / Yield 100.10 100.02   96.02
(YTM: 5.6036%) (YTM: 4.4481%) 6.67% (YTM: 6.9901%)
V. Competitive Bids Accepted        
(i) Number 43 12 67 48
(ii) Amount ₹11547.708 Crore ₹3375.45 Crore ₹10932.744 Crore ₹6996.018 Crore
VI. Partial Allotment Percentage of Competitive Bids 99.94% 100% 99.94% 66.86%
(16 Bids) (2 Bids) (30 Bids) (6 Bids)
VII. Weighted Average Price/Yield 100.10 100.02 100 96.09
(WAY: 5.6036%) (WAY: 4.4481%) (WAY: 6.6700%) (WAY: 6.9842%)
VIII. Non-Competitive Bids Received        
(i) Number 3 1 3 3
(ii) Amount ₹2.292 Crore ₹0.002 Crore ₹2.256 Crore ₹3.982 Crore
IX. Non-Competitive Bids Accepted        
(i) Number 3 1 3 3
(ii) Amount ₹2.292 Crore ₹0.002 Crore ₹2.256 Crore ₹3.982 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹11000 Crore ₹3000 Crore ₹10000 Crore ₹7000 Crore
XI. Devolvement on Primary Dealers 0 0 0 0
*Greenshoe amount of ₹550 crore has been accepted.
**Greenshoe amount of ₹375.452 crore has been accepted.
***Greenshoe amount of ₹935 crore has been accepted.

Ajit Prasad
Director   

Press Release: 2021-2022/841

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Ujjivan Financial Services appoints Sanjeev Barnwal as CEO, effective Friday, BFSI News, ET BFSI

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Ujjivan Financial Services today appointed Sanjeev Barnwal as the company’s chief executive offer, with effect from Friday, the company said in an exchange filing.

Barnwal will continue to serve as the Company Secretary and Key Managerial Personnel, and was unanimously approved by the board’s Nomination and Remuneration Committee.

According to reports, the position at Ujjivan Financial Services was left vacant after Carol Furtado, who was appointed as the CEO on August 13, resigned to be the interim CEO of Ujjivan Small Finance Bank Limited, after Nitin Chugh‘s abrupt exit.

Nitin Chugh resigned from the position of Managing Director and CEO of Ujjivan Small Finance Bank on August 19 on account of personal reasons.

Also read : Nitin Chugh resigns as MD and CEO of Ujjivan SFB for personal reasons

Barnwal has been with the the company for over seven years and has played pivotal roles in key milestones including private equity raise, IPO and listing, banking licence application and processing, among others.

Prior to Ujjivan, Barnwal worked with SMC Capitals Limited as Associate Vice President and Company Secretary.

In April, shareholders of Ujjivan Financial Services had rejected a special resolution to appoint founder Samit Ghosh as managing director and CEO.

(The image was sourced from Google stock images)



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Reserve Bank of India – Press Releases

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India is the current Chair of the BRICS. In the Second BRICS Finance Ministers’ and Central Bank Governors (FMCBG) Meeting held on August 26, 2021, the Reserve Bank of India tabled the Report on Digital Financial Inclusion in BRICS; the e-Booklet on BRICS Information Security Regulations; and the Compendium of BRICS Best Practices on Information Security Risks: Supervision and Control, which were prepared by the respective teams of the BRICS central banks. The BRICS FMCBG approved these documents during this meeting.

The Report on Digital Financial Inclusion in BRICS provides a glimpse of the initiatives, innovations and reforms undertaken in the BRICS countries in the area of financial inclusion by leveraging digital technology tools and by mapping them against select G-20 High-Level Policy Guidelines on digital financial inclusion.

The e-booklet on Information Security Regulations and the Compendium of BRICS Best Practices on Information Security Risks cover information security regulations and best practices across the BRICS jurisdictions, with an objective of strengthening the cyber incidents management systems.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/839

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4 Best Small Cap Equity Mutual Fund SIPs To Consider For Long Term In 2021

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Axis Small Cap Fund

The Axis Small Cap Fund Direct-Growth manages a total of 7,095 crores in assets (AUM). The fund charges a 0.39 percent expense ratio, which is lower than most other Small Cap funds.

The 1-year returns for the Axis Small Cap Fund Direct-Growth are 85.24 percent. It has had an average yearly return of 26.91 percent since its debut.

The volatility of small-cap funds is higher than that of large-cap and mid-cap funds. Small-cap funds suffer a lot when the markets aren’t performing well because they’re newer and are more likely to go out of business.

The majority of the money in the fund is invested in the construction, technology, chemicals, fast-moving consumer goods, and financial industries.

With just Rs. 500 each month, you can start investing in mutual funds through a systematic investment plan (SIP). This can be a cost-effective approach to invest each month without breaking the bank. With the SIP step-up function, you can increase your monthly investment amount as your income rises.

Kotak Small Cap Fund 

Kotak Small Cap Fund 

The assets under management of Kotak Small Cap Fund Direct-Growth total 5,349 crores (AUM). The fund charges a 0.48 percent expense ratio, which is lower than most other Small Cap funds.

The recent one-year returns on Kotak Small Cap Fund Direct-Growth are 106.58 percent. It has had an average yearly return of 22.24 percent since its debut.

The Kotak Small Cap Fund invests in a range of equities and equity-related securities in order to create financial appreciation. across sectors, the program mostly invests in assets with a market capitalization of less than $1 billion.

Rupee cost averaging is a strategy that involves buying more units when the fund’s Net Asset Value (NAV) is low and fewer units when the NAV is high. Essentially, it averages out your acquisition costs across the investing time. When you invest through a SIP, you don’t have to worry about market timing.

Union Small Cap Fund

Union Small Cap Fund

Union Small Cap Fund Direct-Growth manages a total of 553 crores in assets (AUM). The fund’s expense ratio is 1.72 percent, which is higher than the expense ratios charged by most other Small Cap funds.

The 1-year returns for the Union Small Cap Fund Direct-Growth are 82.93 percent. It has generated an average yearly return of 16.25 percent since its inception. The plan invests in a portfolio of equities and equity-related assets, primarily from small size businesses, with the goal of long-term capital appreciation.

Small-cap funds are seen to have substantial yet untapped potential to one day be a “multi-bagger”.

Nippon India Small-Cap

Nippon India Small-Cap

Nippon India Small Cap Fund Direct-Growth has assets under management (AUM) of 16,633 crores, making it a medium-sized fund in its category. The fund’s expense ratio is 1.06 percent, which is higher than the expense ratios charged by most other Small Cap funds.

The Nippon India Small Cap Fund Direct’s 1-year growth returns are 97.20 percent. It has returned an average of 26.74 percent per year since its inception.

Small-cap funds are an excellent investment option for those who are willing to take on more risk and seek more aggressive growth. The fund is invested in Indian stocks to the tune of 97.61 percent, with 4.62 percent in large-cap companies, 6.19 percent in mid-cap stocks, and 77.63 percent in small-cap stocks.

Who Should Invest In Small Cap Funds?

Who Should Invest In Small Cap Funds?

Small-cap equity funds can be appropriate for investors with long-term goals such as saving for retirement, taking a family trip to an exotic location, paying off medium-term debt, and so on.

When the markets are optimistic, these funds have historically provided larger returns than the broad benchmark. These bets, however, can be quite dangerous. Please take benefit of their propensity to generate high profits by investing for longer periods of time. Otherwise, diversified stock funds are a better option. These funds don’t always provide good returns in the short term.

They take their time to weather the storm of volatility before producing substantial profits. Those with a high-risk appetite may want to consider investing in these funds. These funds put their money into businesses that have a lot of potential for making money.

Disclaimer

Disclaimer

Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.



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HomeLane raises ₹370 crore for expansion, branding

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HomeLane, an online home interior company, has raised $50 million (₹371 crore) in its Series-E funding round on Thursday, led by IIFL AMC’s Late Stage Tech Fund, OIJIF II (Oman India Joint Investment Fund) and Stride Ventures.

Existing investors Pidilite, Evolvence, NuVentures, Sequoia and Accel also participated in this round of fundraising. With the current round, HomeLane has raised over $104 million (about ₹765 crore) in the last seven years.

Srikanth Iyer, Co-Founder, HomeLane said the fresh fund will be used in brand building as the company ventures into new markets in smaller cities and strengthen technology capabilities to enhance the consumer experience.

Revenue target

The new funding will also help HomeLane accelerate its revenue target of ₹2,500 crore by FY24. Despite pandemic challenges, the demand in the second half of last fiscal has already bounced back to the pre-pandemic levels and achieved record cash profitability last November, he said.

The company also plans to enter into new verticals including painting and close this fiscal with a topline of $100 million (about ₹742 crore) as the order book has already doubled to ₹1,500 crore.

Tanuj Choudhry, Co-Founder, HomeLane said the company looks forward to consolidating its position as a leading player in the home interiors segment in India with greater reach, better technologies, and a seamless customer experience.

Chetan Naik, Fund Manager (Private Equity), IIFL AMC said the company is at the forefront of digitisation of home interiors space which has largely been an unorganised play.

Other existing investors in HomeLane include JSW Ventures, Growth Story, Aarin Capital, Baring Private Equity Partners, RB Investments and BCCL.

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Kotak Mahindra Bank cuts home loan interest rate to 6.5% for 60 days, BFSI News, ET BFSI

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Kotak Mahindra Bank has cut its interest rate on home loans to 6.50% from 6.65% per annum, starting from Friday till November 8.

The bank is offering these rates in view of the upcoming festive period. These rates will be prevalent for both fresh home loans and balance transfers, and will be available across all loans amounts and is linked to a borrower’s credit profile.

The bank’s home loan rates are linked to an external benchmark, that is the Reserve Bank of India’s policy repo rate of 4%

With Kotak Digi Home Loans, home loan applicants can apply and receive an instant in-principle sanction letter, loan amount eligibility, tenure of the loan, interest rate and EMI in an end-to-end contactless process.
Following are the features of the home loans:
> Starting at 6.50% per annum, on fresh home loans and balance transfer loans
> Attractive rates for both salaried and self-employed customer segments
> Instant in-principle sanction with Kotak Digi Home LoansConsumers can also apply through Kotak’s bank branches across India. The bank’s home loans are available across over 100 cities and towns in India. Existing Kotak customers can also apply through the Kotak mobile banking app or net banking.



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Government Stock – Auction Results: Cut-off

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    5.63% GS 2026* GOI FRB 2034** NEW GS 2035*** 6.67% GS 2050
I. Notified Amount ₹11,000 cr ₹3,000 cr ₹10,000 cr ₹7,000 cr
II. Cut off Price / Implicit Yield at cut-off 100.10/5.6036% 100.02/4.4481% 6.6700% 96.02/6.9901%
III. Amount accepted in the auction ₹11,550 cr ₹3,375.452 cr ₹10,935 cr ₹7,000 cr
IV. Devolvement on Primary Dealers Nil Nil Nil Nil
*Greenshoe amount of ₹550 crore has been accepted
**Greenshoe amount of ₹375.452 crore has been accepted
***Greenshoe amount of ₹935 crore has been accepted

Ajit Prasad
Director   

Press Release: 2021-2022/838

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