Bernstein flags risk to SIP inflows if Indian markets fail to deliver returns


Global brokerage Bernstein said systematic investment plans (SIPs) remain a structural savings habit for Indian investors, but warned that domestic equity inflows could face near-term turbulence if markets fail to generate meaningful returns over the next 12 months.

In a report titled “Indian Capital Markets: Markets are on a clock to generate returns”, the brokerage said markets have been under pressure since peaking in September 2024 amid high valuations, weaker earnings growth, concerns around India’s AI opportunity, Middle-East tensions and currency movements.

Bernstein said strong market returns during CY23 and 9MCY24 have helped sustain domestic inflows so far. However, as those gains gradually roll off from trailing return calculations, investor flows may come under pressure if returns remain muted.

Resilient inflow

The brokerage’s proprietary investor survey showed that SIP investors have largely remained resilient despite market volatility. Around 35 per cent of respondents said they increased their SIP allocations over the past year, while another 38 per cent maintained their existing investments.

However, Bernstein cautioned that investor patience may not be unlimited during prolonged periods of weak returns. Nearly one in three respondents said they would wait only another 3 to 12 months before reassessing their SIP allocations if market performance remains lacklustre. Another 17 per cent said they could wait up to two years before reconsidering allocations.

The report added that about 38 per cent of respondents claimed they would continue SIP investments even if markets fail to generate returns over the next three years. Bernstein, however, noted that actual investor behaviour during periods of sustained underperformance could differ from stated intentions.

The brokerage also highlighted that investors in regular mutual fund plans appeared more resilient compared to direct-plan investors. Bernstein said direct-plan investors showed greater sensitivity to returns, indicating that fund houses with higher dependence on direct-plan flows may witness more volatility in inflows during weaker market phases.

Despite the near-term caution, Bernstein maintained a constructive long-term view on domestic flows, saying SIPs continue to remain deeply embedded in India’s retail investment ecosystem.

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Published on June 9, 2026



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Redington spurts after Apple unveils software, AI upgrades at WWDC

Redington spurts after Apple unveils software, AI upgrades at WWDC


Redington jumped 6.14% to Rs 243.70 after Apple announced major software and artificial intelligence upgrades at its annual Worldwide Developers Conference (WWDC).

Apple unveiled updates across its operating systems, including new Apple Intelligence features, an upgraded Siri, enhanced productivity tools and a refreshed software design language.

The developments lifted sentiment around Apple-linked companies in India.

Redington is one of Apple’s key distribution and supply chain partners in India. The company distributes iPhones, iPads, MacBooks and other Apple products through its extensive channel network.

Traders often view major Apple product and software announcements as positive for Redington due to its exposure to Apple’s hardware ecosystem and sales growth in India.

 

Redington, a technology solutions provider, enables end-to-end distribution for IT/ITeS, telecom, lifestyle, and solar products across various markets. It has presence in over 40 markets, over 450 brand associations, and more than 70,000 channel partners.

On a consolidated basis, Redington’s net profit declined 41.21% to Rs 391.32 crore while net sales rose 25.62% to Rs 33213.03 crore in Q4 March 2026 over Q4 March 2025.

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ये 5 लक्षण दिख रहे हैं तो भूलकर भी न खाएं मखाना, वरना बिगड़ जाएगी सेहत

ये 5 लक्षण दिख रहे हैं तो भूलकर भी न खाएं मखाना, वरना बिगड़ जाएगी सेहत


5 Symptoms That Mean You Should Avoid Makhana: मखाना आज के समय में सबसे लोकप्रिय हेल्दी स्नैक्स में से एक माना जाता है. कम कैलोरी, अच्छी मात्रा में फाइबर और कई जरूरी पोषक तत्वों से भरपूर होने के कारण इसे सुपरफूड भी कहा जाता है. वजन घटाने से लेकर दिल की सेहत और ब्लड शुगर कंट्रोल तक, मखाने के कई फायदे गिनाए जाते हैं. लेकिन हर हेल्दी चीज हर व्यक्ति के लिए फायदेमंद हो, यह जरूरी नहीं है. कुछ स्वास्थ्य स्थितियों में मखाने का सेवन परेशानी बढ़ा सकता है. 

पेट की दिक्कत में क्या करना चाहिए?

अगर आपको बार-बार पेट फूलने, गैस बनने या पेट में भारीपन की शिकायत रहती है, तो मखाना सोच-समझकर खाना चाहिए. इसमें फाइबर अच्छी मात्रा में होता है, जो आमतौर पर पाचन के लिए लाभदायक माना जाता है. लेकिन इरिटेबल बाउल सिंड्रोम या इंफ्लेमेटरी बाउल डिजीज जैसी समस्याओं से जूझ रहे लोगों में यही फाइबर पेट दर्द, गैस और ब्लोटिंग की समस्या को बढ़ा सकता है.

इसे भी पढ़ें – Summer Fatigue: गर्मियों में बार-बार महसूस हो रही थकान, जान लें यह किस बीमारी का संकेत?

 यूरिक एसिड बढ़ने या गाउट की समस्या

जिन लोगों को यूरिक एसिड बढ़ने या गाउट की समस्या है, उन्हें भी सावधानी बरतने की जरूरत है. मखाने में मध्यम मात्रा में प्यूरिन पाए जाते हैं. शरीर में प्यूरिन टूटकर यूरिक एसिड बनाते हैं। ऐसे में पहले से हाई यूरिक एसिड की समस्या वाले लोगों में जोड़ों का दर्द और सूजन बढ़ सकती है.

किडनी की दिक्कत

जर्नल ऑफ यूरोलॉजी की एक रिपोर्ट के अनुसार, अगर आपको किडनी स्टोन की समस्या रही है या डॉक्टर ने इसके खतरे के प्रति आगाह किया है, तो मखाने का अधिक सेवन नुकसानदायक हो सकता है. एक्सपर्ट के अनुसार इसमें ऑक्सालेट मौजूद होते हैं, जो कुछ लोगों में किडनी स्टोन बनने के जोखिम को बढ़ा सकते हैं. ऐसे लोगों को अपनी डाइट में इसकी मात्रा सीमित रखने की सलाह दी जाती है.

एलर्जी वाले लोगों को बचना चाहिए

कुछ लोगों को मखाने से एलर्जी भी हो सकती है। यदि इसे खाने के बाद त्वचा पर खुजली, लाल चकत्ते, सूजन या सांस लेने में परेशानी जैसे लक्षण दिखाई दें, तो इसे तुरंत बंद कर देना चाहिए. नट्स और सीड्स से एलर्जी वाले लोगों को विशेष सावधानी बरतनी चाहिए. जर्नल ऑफ एलर्जी एंड क्लिनिकल इम्यूनोलॉजी  में पब्लिश स्टडी के अनुसार, बीजों  में मौजूद प्रोटीन कुछ अन्य एलर्जी पैदा करने वाले खाद्य पदार्थों के साथ क्रॉस-रिएक्शन कर सकते हैं.

इनको भी बचना चाहिए

इसके अलावा यदि आप खून पतला करने वाली दवाएं ले रहे हैं, तो भी मखाना नियमित रूप से खाने से पहले डॉक्टर की सलाह लेना जरूरी है. इसमें मौजूद विटामिन- के ब्लड के थक्के बनने की प्रक्रिया को प्रभावित कर सकता है, जिससे कुछ दवाओं का असर बदल सकता है. हालांकि इसका मतलब यह नहीं कि मखाना नुकसानदायक है. कई रिपोर्ट्स में इसे दिल की सेहत, वजन नियंत्रण और ब्लड शुगर मैनेजमेंट के लिए फायदेमंद बताया गया है. 

इसे भी पढ़ें – Summer Health Tips: दिनभर धूप में करते हैं काम तो जा सकती है जान, इन स्मार्ट तरीकों से खुद का रखें ख्याल

Disclaimer: यह जानकारी रिसर्च स्टडीज और विशेषज्ञों की राय पर आधारित है. इसे मेडिकल सलाह का विकल्प न मानें. किसी भी नई गतिविधि या व्यायाम को अपनाने से पहले अपने डॉक्टर या संबंधित विशेषज्ञ से सलाह जरूर लें.

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CPU vs GPU vs TPU vs NPU: Understanding the processors powering AI

CPU vs GPU vs TPU vs NPU: Understanding the processors powering AI


  Artificial intelligence (AI) may be grabbing headlines through chatbots, image generators, and smart assistants, but the technology’s true foundation lies elsewhere. From training large language models in vast data centres to enabling real-time features on smartphones, CPUs, GPUs, TPUs, and NPUs are the silent engines shaping the future of AI. 


Traditional computing relied heavily on the Central Processing Unit (CPU), which remains the brain of most devices. However, AI applications require massive amounts of data to be processed simultaneously, which has created a demand for specialised processors. 


Instead of relying on a single type of chip, modern systems often combine multiple processors, with each handling the tasks it performs best.

 


CPU: The all-purpose processor


The CPU, or Central Processing Unit, is the general-purpose processor found in every computer, smartphone, and server. 


It is designed to handle a wide variety of tasks, including operating systems, applications, web browsing, and business software. CPUs excel at sequential processing, where instructions are executed one after another with high accuracy and flexibility. 


Key strengths of CPUs include:


  • Managing overall system operations

  • Running general software applications

  • Handling complex decision-making tasks

  • Coordinating other processors in a system


While CPUs can run AI models, they are generally not the fastest or most efficient option for large-scale AI workloads.


GPU: The parallel processing powerhouse


Graphics Processing Units, or GPUs, were originally developed to render graphics for gaming and visual applications. However, their ability to perform thousands of calculations simultaneously made them ideal for AI and machine learning. 


Unlike CPUs, which focus on a few powerful processing cores, GPUs contain thousands of smaller cores that can process large volumes of data parallelly. 


This makes GPUs particularly effective for:


  • Training large AI models

  • High-performance computing

  • Image and video processing

  • Scientific simulations


TPU: Google’s AI specialist


The Tensor Processing Unit, or TPU, is a specialised AI accelerator developed by Google. Unlike GPUs, which serve multiple purposes, TPUs are specifically designed for machine learning operations involving neural networks and tensor calculations. This focused design allows them to deliver high efficiency for AI training and inference workloads. 


TPUs are primarily used within Google’s cloud ecosystem and power many of the company’s AI services. Recent generations have been built to support increasingly large AI models while improving performance and energy efficiency.


NPU: Bringing AI directly to devices


The newest member of the processor family is the NPU, or Neural Processing Unit. NPUs are designed specifically for AI tasks and are increasingly appearing in smartphones, personal computers, bringing AI capabilities directly to devices instead of sending every task to remote data centres. 


Their primary advantage is efficiency, as they can perform AI calculations while consuming significantly less power than CPUs or GPUs. 


Common NPU-powered functions include:


  • Real-time language translation

  • AI photo and video enhancements

  • Voice recognition

  • On-device generative AI features


Since AI processing can happen locally, NPUs can improve privacy, reduce latency, and lower dependence on cloud services.


Where hyperscalers fit in


The rise of AI has also increased the importance of hyperscalers, cloud companies that operate enormous data centres capable of scaling computing resources globally. 


Major hyperscalers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud rely on a mix of CPUs, GPUs, TPUs, and other specialised accelerators to deliver cloud computing and AI services at scale. 


As demand for AI grows, hyperscalers are investing in their own specialised chips to improve performance and manage costs. Google’s TPU is a prominent example of how cloud giants are building custom hardware to strengthen their AI capabilities. 

 



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Last day! Hexagon Nutrition IPO ends; subscription tops 16x, GMP at 14%

Last day! Hexagon Nutrition IPO ends; subscription tops 16x, GMP at 14%


Hexagon Nutrition IPO subscription, Day 3: Hexagon Nutrition continued to attract strong investor interest for its initial public offering (IPO), which closes for public subscription on Tuesday, June 9. The ₹138.87-crore maiden share sale of the research-oriented pure-play nutrition company was subscribed 16.09 times, led by robust demand from non-institutional investors (NIIs), who subscribed 40.98 times their reserved quota. 


Retail investors followed, subscribing 14.38 times their allotted portion. Qualified institutional buyers (QIBs), however, showed relatively muted interest, with the category subscribed only 0.41 times, or 41 per cent, of the shares reserved for them. 

Investor sentiment towards the issue has also been supported by activity in the grey market. According to sources tracking the unofficial market, the company’s unlisted shares were trading at ₹51.5 apiece, indicating a grey market premium (GMP) of ₹6.5, or 14.44 per cent, over the upper end of the IPO price band of ₹45 per share. 
READ | SpaceX IPO frenzy: Can Indian investors tap $75-bn blockbuster offering?

 


Hexagon Nutrition IPO details


Through its maiden share sale, Hexagon Nutrition aims to raise ₹138.87 crore via an entirely offer-for-sale (OFS). The issue comprises the sale of up to 30.9 million equity shares by promoters Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Aditya Kelkar, and Nutan Subhash Kelkar. 


The company has fixed the price band at ₹42–₹45 per share, with a lot size of 333 shares. Investors can bid for a minimum of 333 shares and in multiples thereof. At the upper end of the price band, retail investors are required to invest at least ₹14,985 for one lot, while the maximum permissible retail application of 13 lots (4,329 shares) would entail an investment of ₹1,94,805. 


With the public issue closing for subscription today, the basis of allotment is expected to be finalised on Wednesday, June 10. Shares are likely to be credited to successful applicants’ demat accounts on Thursday, June 11. 


Hexagon Nutrition shares are scheduled to list on the stock exchanges on Friday, June 12, 2026. 


KFin Technologies is the registrar to the issue, while Cumulative Capital and Catalyst Capital Partners are acting as the book-running lead managers. 


Should you subscribe to Hexagon Nutrition IPO?

Brokerages have expressed mixed views on the issue. Swastika Investmart has recommended the IPO for investors with a long-term investment horizon of two to three years, while advising those seeking listing gains to avoid the issue. 
Equivision, on the other hand, has suggested that investors may consider subscribing. It said that, given the company’s diversified nutrition portfolio, established manufacturing footprint, and industry positioning, the issue appears reasonably priced relative to listed peers. READ MORE 
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(Disclaimer: View and outlook shared belong to the respective brokerages/analysts and are not endorsed by Business Standard. Readers’ discretion is advised.)

 



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