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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.

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

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.

📢SBI Cards to raise Rs 5,000 Cr. via NCDs. 🔶SBI Cards Market Cap(Rs.Cr.):- 74,852 Market Share:- 786.95 📍Key Points: 🔸SBI Cards board of directors has approved raising Rs 5,000 crore through the issuance of NCDs. 🔸The NCDs will be issued on a private placement basis, meaning they won't be offered to the general public. 🔸The funds raised will be used for general corporate purposes, which could include expanding operations, investing in technology, or repaying debt. 🔸SBI Cards stock price fall by 1.63% on the day the news was announced, likely due to concerns about dilution from the issuance of new shares. 🔸As it could help SBI Cards strengthen its financial position and capitalize on growth opportunities.

SBI Strengthens Core Capital with ₹50 bn AT-1 Bond Issue Stock Details: SBI CMP: ₹787.35 Market Cap: ₹7,014.31 bn Nifty 50: ₹24,462.95 Key Highlights: -₹50 bn Raised: SBI has issued Additional Tier-1 (AT-1) bonds, raising ₹50 billion to boost its core capital base. -7.98% Coupon Rate: These bonds come with a 10-year call option and a 7.98% coupon, which is lower than previous issues, reflecting strong investor confidence. -Strengthened Financials: The raised capital supports SBI’s growth and positions it to meet increasing credit demand in a challenging economic environment. Conclusion: This bond issuance, with a reduced coupon rate, signals positive market sentiment and investor confidence in SBI’s financial stability and future growth trajectory.

🌜 *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*

Credit to BizBuzz September 13,2024 SM Investment Inc. (SM) takes ‘interest’ in Rizal Commercial Banking Corp (RCBC) https://lnkd.in/gXPxGeBF Hardly making any splash but not exactly being coy about it, the SM Group is now among the top 10 stockholders of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). Looking at the published roster of top 100 stockholders as of end-June, several holding firms of the Sy family have accumulated around 5.24 percent of RCBC common shares—and these even exclude those picked up by individual Sy family members. Market sources said the SM Group has been buying shares of RCBC from the open market “for years” alongside individual Sy family members. As such, SM Investments Corp. now holds 53.86 million shares or 2.22 percent while privately held holding firm Sybase Equity Investment Corp. has around 2.9 percent. Also, Sysmart Corp. has 3 million shares or 0.12 percent. Based on RCBC’s current market capitalization of P53.5 billion, their combined stake is valued at around P2.8 billion. Asked about this matter, a source from the SM Group told Biz Buzz that this buying of RCBC shares is not to launch any hostile takeover. “It’s really an investment opportunity because the shares are undervalued,” the source noted. “In fact, it’s not only RCBC, but also PNB (Philippine National Bank). We’ve been buying shares of undervalued banks for years.” In the case of PNB, however, any shares bought aren’t lodged under any known SM affiliate. Of course, SM’s investment is but a small fraction of the sum that Japanese banking giant Sumitomo Mitsui Banking Corp. has invested in RCBC. The foreign bank first bought 4.99 percent of RCBC in 2021 and gobbled up an additional 15 percent for P27.13 billion just last year. Meanwhile, the Ayala and Yuchengco groups are already partners in the education business, having merged their interests thereof into iPeople. While there’s no similar partnership (that we know of) in the works for the banking businesses, by taking a passive—but not negligible—interest in RCBC, it’s a signal that the Sys want to be in the loop, and subtly say, “We’re here, too!” — Doris Dumlao-Abadilla

You know Mutual funds benefits in tax saving. Let's discuss how? 🤔 I have scanned 150+🎯 ELSS mutualfund funds. Find the top funds for you. Read it, it will be worth it for you. Follow the page for more such insights. Equity Linked Savings Scheme (ELSS) 👉ELSS Funds give you a Double Benefit of Tax Saving with the Growth Potential of Equities. ▪️ ELSS Funds have the Shortest Lock-in period of just 3 years. ▪️ Eligible for deduction up to ₹ 1,50,000 under Section 80C of the Income Tax Act. ELSS Tax Saver Funds preference List. Choose any one of them. 1. Motilal Oswal ELSS tax saver fund. 2. Quant ELSS tax saver fund. 3. SBI long term equity fund. These are the best ELSS funds for the retailers. Like share and repost. Choose the best in the category for you. #mutualfunds #ELSS #stockmarketindia #ipoAlert

SBI Secures Rs 7,500 Crore in Tier-II Bond Issue at 7.33% https://lnkd.in/dGrdWJKe #SBI #TierIIBonds #BondIssuance #InvestmentOpportunities #DebtMarket In a successful move, SBI raised Rs 7,500 crore through its second tranche of Tier-II bonds at a coupon rate of 7.33%. This fully subscribed 15-year bond issue attracted significant interest from various institutional investors, reflecting strong market confidence in the bank. Discover the implications of this issuance and what’s next for SBI in the evolving debt market.