Pranamya Luniya’s Post

SBI ; Bank raised Rs. 10,000 crores today at a coupon rate of 7.36% through its sixth infrastructure bond issuance. The issue attracted overwhelming response from investors with bids in excess of Rs. 18,145 crores and was oversubscribed by around 3.6 times against the base issue size of Rs. 5,000 crores. The total number of bids received was 120 indicating wider participation with heterogeneity of bids. The investors were across provident funds, pension funds, insurance companies, mutual funds, corporates etc. The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment.

🌜 *Don't miss it NFO closes today* As you are aware, ongoing *NFO - ICICI PRU EQUITY MINIMUM VARIANCE Fund*🎊 , closing *Today(*02-12-24*) Seek your support by participating in this NFO. Happy to know if any support is required in this regard. 🎗️ *Note: Would you like to participate in this new fund directly from your side, plz use the Below given link.* 👉https://lnkd.in/gXyHeb-n 👉Min contribution amount:5000/- Today's savings never let you down tomorrow. *MUTUAL FUNDS SHAI HAI*

🏦Starting 2025, Employees’ Provident Fund Organisation (EPFO) subscribers may get the convenience of withdrawing their provident fund (PF) directly from ATMs. 🏦If this happens, will be a big relief to so many. Access to your own money without any rejection from the government. 🏦The Ministry is revamping its IT infrastructure to make PF withdrawals as seamless as withdrawing cash from a bank account. 🏦Subscribers will no longer need to go through lengthy claim filing processes or wait for fund disbursals. 🏦Direct access: EPFO plans to link PF accounts to an ATM-compatible system. 🏦Subscribers will be able to access their funds through their registered UAN (Universal Account Number) or linked bank account

Members of EPFO may soon be able to withdraw funds from their EPF account directly from ATMs. Employees' Provident Fund Organisation ( EPFO )

𝐆𝐨𝐯𝐭 𝐭𝐨 𝐩𝐚𝐲 𝐌𝐓𝐍𝐋'𝐬 𝐛𝐨𝐧𝐝 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐛𝐲 𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲 The government plans to rescue MTNL and ensure its bondholders are paid the interest guaranteed to them. It will deposit the necessary funds by Wednesday. In July 2023, MTNL had raised Rs 2,480 crore ($296.97 million) through 10-year sovereign-guaranteed bonds at a semi-annual coupon rate of 7.59 per cent. While the latest interest payment is due on July 20, the financially beleaguered PSU last week informed the exchanges it was unable to make interest payments due to insufficient funds. The tripartite agreement (TPA) signed for this purpose among MTNL, DoT and Beacon Trusteeship Ltd, which is the debenture trustee, mandates that MTNL has to fund the semi-annual interest into the escrow account with adequate funds 10 days before the due dates. #funds #payments #interest #annual #revenue #operations  

Are You Making This Common Mutual Fund Mistake? Don’t worry—you’re not alone. 99% of investors make this mistake. But here’s how you can avoid it. Say you read about the SBI Small Cap Fund delivering stellar returns last year. Excited, you decide to invest. But then you see multiple options with nearly identical names: SBI Small Cap Fund – Regular Growth SBI Small Cap Fund – Regular IDCW SBI Small Cap Fund – Direct Growth SBI Small Cap Fund – Direct IDCW Confusing, right? But the choice you make here could significantly affect your returns. Here’s why: Regular Plans: You pay a commission to an agent, resulting in higher annual fees (e.g., 1.7%). Direct Plans: No intermediaries, so lower fees (e.g., 0.7%). That fee difference means more money for you. Over time, if your Regular Plan earns ₹20 lakh, the Direct Plan could earn ₹21.5 lakh—₹1.5 lakh more! What about Growth vs. IDCW? Growth: Dividends are reinvested, avoiding tax and compounding your returns. IDCW: Dividends are paid out directly, but you’ll pay tax, reducing long-term gains. These small choices make a big difference. Share this post and help your friends make better decisions too! #MutualFunds #InvestSmart #PersonalFinance #FinancialPlanning #InvestingTips #WealthManagement #StockMarket #MoneyMatters #FinancialLiteracy #Investments

REC Ltd raised Rs.5,000cr via ZCB @ 6.2483 Tenor - 10years1month (121months) Coupon - Zero Coupon Bond (ZCB, Issued at discount and redeemed at par) Issue Size - Base issue Rs.1,000cr plus Greenshoe of Rs.4,000cr totaling to Rs.5,000cr Yield - 6.2483% Bids Received - Rs. 33,671cr from 264 bids. Special Status - Issuer is pursuant to the CBDT notification number No. 56/2023/F.No.164/1/2023-ITA-1 dated August 1, 2023 which allows the income to be treated as capital gain. The demand was seen from many Family Offices, Wealth firms, corporate treasuries and Ultra HNIs. The spread was around 60bps lower than the Benchmark G-Sec #FixedIncome #DebtMarket #Bonds #NCDs #Debentures #REC #PSU #ZCB #ZeroCouponBond #FamilyOffice #Treasury #HNI #UHNI #HighNetworthIndividual #CBDT #CentralBoardofDirectTaxes #EBP #ElectronicBiddingPlatform #CapitalGain #India #LKPSecurities

We may know about ELSS mutual funds as a good tax-saving option under Section 80C, but what if you don’t have the need to save tax? 🤔 See why ELSS can still encourage disciplined investments through monthly SIPs making it a powerful tool for long-term wealth creation! 🤑 Join our host Sumaira Abidi on this episode of Mind Over Money, presented by SBI MUTUAL FUND. Subscribe now and transform the way you look at money! 🎙️ 🎬 . . . #ivmpodcasts #sbimutualfund #longterminvesting #wealthcreation #sumairaabidi

SkyBridge Invest is proud to announce that the Astana Financial Services Authority has registered the first non-exempt fund for retail investors – SBI Active Fund.   This milestone opens up new opportunities for retail investors, granting them access to a broad range of investment products previously available only to professional investors.   What SBI Active Fund Offers: 📈 Dynamic Investment Strategy – A flexible and adaptive approach to investing  💼 Low Entry Barrier – Designed to be accessible to a broad spectrum of investors. 🏦 AIFC Platform Advantages    Advantages of Non-Exempt Funds: 🔍 Increased Transparency and Regulation – Enhanced oversight ensures better protection for investors 💡 Diverse Financial Products – A wide range of offerings for various categories of investors  🌐 Market Inclusivity – Fewer restrictions on participation, leading to increased market liquidity and activity.   AFSA CEO Nurkhat Kushimov commented:  "This is a significant development that offers a lot more opportunities for retail clients and while I know that it is a step forward, I would also like to remind that customers wishing to use this new opportunity should be aware of the higher risks that go with it. And while AFSA has the protections in place that retail clients should use, consumers should ensure that they make informed and well-researched decisions and make sure that any AIFC financial services firms they deal with have appropriate licences from AFSA."   🔗 Learn more   Once the administrative processes are completed, we look forward to officially announcing the opening of applications for shares in the SBI Active Fund.   #SkyBridgeInvest #Investments #SBIActiveFund #AIFC #Finance #Highlights   @skybridgeinvest

💼 SBI Cards to Raise ₹5,000 Cr. via NCDs 💼 SBI Cards is set to raise ₹5,000 crore through the issuance of Non-Convertible Debentures (NCDs), following approval by its Board of Directors. This move signifies the company's strategy to strengthen its financial position and support future growth. 📊 Key Highlights: NCD Issuance: ₹5,000 Cr on a private placement basis (not available to the public) 📈 What This Means: Use of Funds: The funds will be deployed for general corporate purposes, including expansion, technology investments, and potential debt repayment. Stock Performance: SBI Cards' stock saw a 1.63% dip on the announcement, reflecting concerns about potential dilution from the NCD issuance. 🔍 Strategic Outlook: This fundraise will likely help SBI Cards capitalize on growth opportunities in the fast-growing credit card market and bolster its financial footing for future initiatives. The company’s focus on investing in technology and expanding operations could lead to a stronger market presence over time. Rishabh Kale