DIRECT DISTRIBUTORS
Mamaearth vs distributors; PharmEasy¡¯s financials
Honasa Consumer, Mamaearth's parent, addressed recent allegations, labelling them as "misinformation." This and more in today¡¯s ETtech Top 5.
Mamaearth parent dismisses distributors¡¯ claim of Rs 300 crore unsold inventory as ¡®misinformation¡¯
Mamaearth's parent company, Honasa Consumer, refuted claims of excessive unsold inventory, stating their total inventory is significantly lower than alleged. The company acknowledged a challenging quarter due to a strategic shift in distribution, leading to a net loss. Despite this, Honasa Consumer assured investors they are actively managing returns and addressing distributor concerns.
Mutual help: AssetPlus and ZFunds receive venture capital support
According to two people in the know, ZFunds is in talks with Elevation Capital to lead a Rs 25 crore equity funding round, which will be its first institutional funding round. AssetPlus, which had previously raised equity funding from Rainmatter and InCred, has secured Rs 50 crore in another institutional funding round led by Eight Roads Ventures, a global investment firm backed by Fidelity.
Irdai Chairman pitches for 100% FDI in insurance sector
Debasish Panda, IRDAI Chairman, advocated for 100% foreign direct investment in the insurance sector during the Business Standard's annual BFSI event. He emphasized the need for increased capital and new players to achieve the 'insurance for all' goal by 2027. Panda believes opening the sector to full FDI will attract more participants and boost domestic investment.
One mn monthly orders of fast moving consumer goods on ONDC but mostly served by brands directly: Kiko Live
Direct brand-led FMCG on ONDC has surpassed 1 million monthly orders, mainly fulfilled from central warehouses. Kirana stores have seen up to a 35% drop in sales in tier 1 markets. Kiko Live is helping kiranas offer quick commerce, integrating inventory management and logistics to sustain their business.
Amazon India wholesale arm posts revenue of Rs 3,577 crore in FY24, trims loss by 44%
Amazon Wholesale, the ecommerce giant¡¯s wholesale unit narrowed its net loss by 44% to Rs 342 crore in FY24 from Rs 616 crore the previous year, according to regulatory filings sourced from business intelligence platform Tofler.
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Retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
In a letter dated Oct. 18, All India Consumer Products Distributors Federation (AICPDF), which represents 400,000 retail distributors of major companies including Nestle and Hindustan Unilever, told the antitrust body quick commerce firms were practising predatory pricing - or offering deep discounts and selling below cost to lure customers.
Are you asking your mutual fund distributor the right questions?
Mutual Fund Distributors (MFDs) assist investors in choosing suitable mutual funds. They are certified professionals, regulated by SEBI. MFDs earn commissions from fund houses and offer regular portfolio reviews. Investors should verify MFD credentials, understand commission structures, and stay vigilant about conflicts of interest to ensure their investments align with financial goals.
Quick commerce market booming: FMCG distributors raise red flags, seek scrutiny
FMCG distributors in India have urged government scrutiny of quick commerce platforms, citing threats to small retailers and potential FDI violations. Their letter to Commerce Minister Piyush Goyal sought an immediate investigation into these platforms' operational models and protective measures for traditional distributors. The rapid expansion of platforms like Blinkit, Zepto, and Instamart was highlighted.
What is the difference between regular and direct mutual funds?
A growth option is suitable for investors who are not seeking Income Distribution cum capital withdrawal. This option focuses on capital appreciation and compounding impact for the investors. On the other hand, the IDCW option provides investors with regular income in the form of dividends.
Scripbox goes direct; launches subscription plans for advisory
Investors can now buy mutual funds directly from AMCs without paying any commission to the platform. For its services, the Accel-backed startup will charge the customer a small fee. The startup has also launched a subscription fee-based advisory product for its direct clients, which will help them choose the right funds.
For MF investors, multi-asset approach is way to go
According to mutual funds research firm Value Research, at present flexi-cap schemes on average have an allocation of 50.9% to blue-chips, 19.9% to large-caps, 22.9% to mid-caps and 6.8% to small-caps.
VC funds take a shine to new gen¡¯s D2C brands
Direct-to-customer (D2C) startups founded by scions of traditional business families are raking in venture funding across sectors like food, apparel, and wellness. Investors see these entrepreneurs' deep understanding of the business and connections in the supply chain ecosystems as a recipe for modernising legacy businesses.
TV distributors bet on bundling to arrest churn
TV distribution companies are bundling services to prevent churn, with players like Airtel and Jio offering diverse packages. This strategy aims to retain subscribers amid industry churn, improve customer stickiness, and reduce acquisition costs. For years, Bharti Airtel and Reliance Jio have been offering bundled data and content services to their customers. In the realm of standalone providers, DTH company Tata Play has been bundling linear TV and OTT services, allowing subscribers to access both through a unified billing system.
Energy player and gas distributor gets ready to give 7% gains each
Nifty opened lower and remained under selling pressure throughout the day. It closed with a loss.
Switched AUM trail commissions: What does it mean for investors and distributors? Sanjay Shah answers
Sanjay Shah, CMD of Prudent Corporate Advisory Services, discusses the impact of AMFI's new circular on AUM trail commissions, the benefits for investors, and the shift in investor preferences for lump sum investments away from small and midcaps. Shah says there is no change as far as TR or expense ratio is concerned because otherwise also, the AMC used to pay trail to old advisors.
Pure-play online D2C brands step up offline presence to push growth
Mamaearth, one of India's prominent D2C brands, is expanding its reach with over 1.7 lakh retail touchpoints, marking a shift towards physical retail. Other brands like Licious and Minimalist are also adopting an omnichannel approach. However, entering offline retail comes with challenges, including adapting product assortments and building trust with trade participants. Despite the challenges, brands like Slurrp Farm, Just Herbs, and Nykaa are rapidly expanding their offline presence, recognizing the value of physical touchpoints in customer engagement and sales.
Interim Budget: Focus on technology, R&D a step in the right direction
The emphasis on innovation, infrastructure, and inclusivity are the big positives for India¡¯s economic growth.
Direct vs regular mutual funds: Which one is better?
According to Chirag Muni, Executive Director, Anand Rathi Wealth, direct mutual funds have a lower expense ratio compared to regular ones. Managed portfolios involve strategic decisions to generate alpha. Investment advisors help with financial planning, asset allocation, and fund selection to optimize returns and increase the probability of better returns.
FMCG companies to limit B2B sales to level field for distributors
Leading consumer goods companies like Britannia, Dabur, Amul, and Parle are restricting sales to organized wholesalers like Flipkart Wholesale, Udaan, and Reliance Cash and Carry to avoid margin issues and cannibalization by traditional distributors. This helps them reach the vast network of kirana stores in India.
More MF investors going for direct plans
Increasing adoption of fintech platforms to invest in mutual funds by retail investors played a key role in this trend.
Fintechs cornering SIP business as direct mutual funds gain ground
Data from last year, sourced from asset management companies, showed that on an average SIPs through platforms such as Groww, PhonePe and ET Money ranged between Rs 1,500 to Rs 2,500 against Rs 5,000 for traditional firms.
Income tax payable on winnings from online, offline games of chance
E-commerce websites like Amazon, CRED, others oftentimes runs free to play gaming contests like spin-the-wheel and others. For the purpose of income tax these games are a game of chance and are taxed at flat 30% rate plus cess, etc. Nonetheless there are some things to consider if an individual has won prizes by playing similar offline or online games.
Amway, ED and India¡¯s direct-selling sector
Amway, an American company that popularised direct sales at a mass level in India, has got into criminal cases related to money-laundering and running pyramid or money-circulation schemes. The Enforcement Directorate has alleged it of promoting a pyramid scheme, ET has reported. The ED has alleged that the company ¡°was running a multi-marketing scheme and money-circulation scheme to collect money from subscribers¡±.
From iPhone to Dettol, how a distributor for Apple created a Rs 530-crore logistics company
Moving products for a leading tech brand helped this company evolve into a full-fledged logistics player. Today, ProConnect is using all its experience in dealing with IT companies to become a serious B2B player in the logistics space.
Eveready Industries cuts number of direct distributors to 1,000 from 5,000 earlier
Eveready Industries India has made changes to its distribution network, which involves trimming direct distributors from 5,000 to a more manageable and efficient 1,000. The change, however, will not affect business with the remaining manufacturers, and the others will continue business with the company as sub stockists.
How to invest in a direct mutual fund scheme
Investors who like to invest on their own, prefer the direct plan as this does not include commission charges. Those who prefer doing the investments through an agent can invest through the regular plan, which has a relatively higher expense ratio compared to the direct plan.
Sebi proposes rules for platforms providing execution-only services in mutual funds' direct plans
At present, there is no specific framework available for technology or digital platforms to provide execution-only services in direct plans of Mutual Fund (MF) schemes and obtain data feeds with respect to such transactions.
Jammu pharmaceutical distributors urge Prime Minister Modi to pass directions on MRP
"The larger mandate of the NPPA was to seal the MRP keeping in view the margins allowed under the Drug Price Control Order to the wholesalers and retailers," Rakesh Gupta, president of the Jammu Pharmaceutical Distributors Association said in Srinagar. He was accompanied by Naveen Kumar Bali, president of Jammu Chemists Association.
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