FINANCIAL ADVISORS RECOMMENDATION
What if the secret to creating wealth wasn't high returns - But saving more?
While chasing high investment returns is tempting, consistently saving more proves more effective for wealth accumulation. Anjali, prioritizing savings, surpasses Rahul, who focuses on high-return investments, over time. Increasing savings, especially early on, offers greater control and impact than solely relying on market performance. Automating savings and leveraging strategies like Top-Up SIPs can significantly boost financial growth.
Are Americans with 401(k) accounts saving enough for retirement? Fidelity's latest report has this to say
Americans are nearing retirement readiness, particularly those with 401(k) plans. Fidelity Investments reports the average total 401(k) savings rate reached a record 14.3% in early 2025, approaching the recommended 15% benchmark. Increased employer matches and auto-enrollment policies are driving this progress, with Gen Z also demonstrating promising savings habits.
How Bimal Parekh became favourite CA of top Bollywood actors and actresses. He also co-owns a football team
Bimal Parekh is a trusted financial advisor to many Bollywood celebrities. He began his career in the mid-80s. Parekh's initial clients included Zeenat Aman and Aamir Khan. He expanded his services to financial advisory. Parekh helped establish major production houses. He co-owns Mumbai City FC with Ranbir Kapoor. Parekh handles the team's operations.
PMS Tracker: Top 15 funds gain up to 16.5% in May; Elever, Axis strategies lag
PMS returns May 2025: At least 15 PMS strategies posted over 13% returns in May 2025, led by Money Grow Asset’s Small Midcap strategy. Smallcap and thematic funds rebounded strongly, while quant-based and sectoral strategies underperformed, widening the performance gap among portfolios.
Sacheerome IPO booked 17 times on Day 2 so far, GMP points to 29% listing pop
The Rs 61.62 crore Sacheerome IPO consists entirely of a fresh issue of 60.41 lakh shares. Retail investors must apply for a minimum of 1,200 shares, translating to an investment of at least Rs 1,22,400. The issue opened for subscription on June 9 and will close on June 11.
The Wealth Company aims to raise Rs 2,000 cr fund for realty, infra investments
The Wealth Company Asset Management, part of Pantomath Group, aims to raise over Rs 2,000 crore via its Bharat Bhoomi Fund, a Category II AIF targeting execution-ready real estate projects. The fund will invest across data centers, renewables, residential and retail segments, with a strong focus on India's infrastructure-led growth corridors.
Kent RO Systems among four firms to win Sebi nod for IPOs
IPO approvals have been granted to four companies: Kent RO Systems, Vidya Wires, Karamtara Engineering, and Mangal Electrical Industries. Their planned public offerings, comprising a combination of fresh issues and offers for sale, represent a diverse range of sectors—including water purifiers, kitchen appliances, transformers, and specialty wires.
Nifty Bank hits 57,000. Is it time for mutual fund investors to bet on banking funds?
Nifty Bank crossed the 57,000 mark for the first time, driven by strong earnings, low NPAs, and improved valuations. Experts suggest aggressive investors may consider 5–10% exposure to banking funds, but diversified equity funds remain preferable for broader stability.
How technology is empowering new-age insurance models and micro-entrepreneurs
India's insurance sector is undergoing a significant transformation, driven by increased internet access, smartphone usage, and supportive regulations. This shift emphasizes simplicity and accessibility, empowering micro-entrepreneurs through the PoSP model. These digitally enabled individuals are expanding insurance reach to underserved areas, fostering financial inclusion and livelihood opportunities, making insurance more inclusive and local.
Solar body urges govt to extend transmission fee waiver for delayed projects
The National Solar Energy Federation of India (NSEFI) is urging the government to extend the Inter-State Transmission System (ISTS) charges waiver to renewable energy projects commissioned by June 2026. This request addresses risks from delays beyond developers' control, potentially impacting projects worth ?5 lakh crore.
Chennai-based Lalithaa Jewellery Mart files DRHP for Rs 1,700 crore IPO to fuel southern expansion
Lalithaa Jewellery Mart, a prominent South Indian jewellery retailer, has filed its DRHP with SEBI to raise Rs 1,700 crore through an IPO. The IPO includes a fresh issue and an offer-for-sale, with proceeds aimed at expanding its store network across India.
Best large & mid cap funds to invest in June 2025
According to mutual fund advisors, large & mid cap mutual funds will evolve over a long period. There will be schemes that will be inclined towards large cap stocks and some schemes will be leaning toward mid cap stocks. This will make it easier for investors to choose the schemes based on their risk tolerance.
Sacheerome IPO opens today: Check GMP, price band and other details
Sacheerome's IPO opens on June 9, aiming to raise Rs 61.62 crore through a fresh issue of equity shares, with listing on NSE SME platform tentatively set for June 16. The company, specializing in fragrances and flavors, plans to utilize the IPO proceeds for a new manufacturing facility and general corporate purposes, following a year of revenue growth and profitability.
Govt appoints RBI Deputy Governor T Rabi Sankar as 16th FinComm member
T Rabi Sankar, Reserve Bank of India Deputy Governor, joins the Sixteenth Finance Commission as part-time member. This follows Ajay Narayan Jha's resignation. Arvind Panagariya chairs the commission. The panel includes full-time members Annie George Mathew and Manoj Panda. Soumya Kanti Ghosh is also a part-time member. The commission will submit its report by October 31, 2025.
Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock
Nomura acquired over 4.1 lakh shares in Azad Engineering for Rs 66 crore through a block deal at an 8% discount. Despite the investment, Azad’s stock fell over 5% and remains volatile, underperforming Nifty in 2025.
IREDA launches Rs 5,000 crore QIP, but who really owns the stock?
Indian Renewable Energy Development Agency or IREDA has launched a Qualified Institutional Placement. It aims to raise up to Rs 5,000 crore. The floor price is Rs 172.4 per share. Retail shareholders have nearly doubled since December 2023. The government remains the dominant shareholder with 75%. IREDA reported a rise in net profit in the March quarter.
IREDA shares slip 2% as firm launches QIP to raise up to Rs 5,000 crore
Indian Renewable Energy Development Agency (IREDA) has launched a QIP to raise up to Rs 5,000 crore. The board has set the floor price at Rs 173.83 per share with a possible 5% discount. IREDA posted strong Q4 earnings with a 49% rise in net profit and continues to attract positive analyst attention despite a mixed yearly performance.
Not just you, even HNIs are struggling to save and invest
The India Wealth Survey 2025, conducted by Marcellus Investment Managers and Dun & Bradstreet, reveals that while India's high-net-worth individuals (HNIs) are becoming more aspirational, many remain financially unprepared. Despite rising incomes and a prolonged bull market, nearly 43% of HNIs save less than 20% of their post-tax earnings.
In booming bull market & high-flying economy, it's the high & mighty that are coming up short
A recent survey showed that many High Net-Worth Individuals (HNIs) in India are not achieving their financial aspirations. Despite a flourishing economy, limited savings and heavy debt burdens plague HNIs, particularly those aged 30 to 45. The survey stressed the need for better financial planning and personalised advice to help them reach their goals.
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