SIF gains traction as AUM doubles, smaller cities drive growth in new SEBI category

SIF gains traction as AUM doubles, smaller cities drive growth in new SEBI category


Specialised Investment Funds (SIF), introduced by SEBI, are witnessing rapid growth with strong participation from smaller cities.
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The Specialised Investment Fund, introduced recently by the market regulator SEBI for sophisticated investors, is fast catching on, with 50 per cent participation from smaller cities (beyond the top 30).

Fund houses are rushing to capitalise on the first-mover advantage, as the minimum investment of Rs 10 lakh is set at the fund house level. In a way, this may be advantageous to large mutual fund houses as a person who has invested ₹10 lakh with a large fund house’s SIF can invest even ₹50,000 in subsequent offerings of the same fund house.

Madhu Nair, Chief Executive Officer, Union Mutual Fund, said that as of now, there is no clear distinction between large and small fund houses, as the SIF playfield has just opened, and no one knows who will make it big.

Rising participation from smaller cities

The SIF asset holding is also interesting, with investors from smaller cities accounting for 30 per cent, compared with 20 per cent in MF business, and this clearly shows that aspiration has no pin-codes, he said.

“SIF as a category for the industry should have an AUM of ₹1 lakh crore in next 3 years,” he added.

Fund houses see strong growth potential

Anand Vardarajan, Chief Business Officer, Tata MF, said the fund house is extremely excited about SIF because it solves problems around tax, ticket size, and talent.

“At ₹10 lakh, investors are getting a very superior product. Over the next couple of years, this category can become very big. Until now, for investments to do well, markets had to go up. In this product, you can participate 100 per cent of the time, regardless of whether the market is in a bull, bear or sideways phase,” he said.

AUM and offerings see sharp rise

In fact, the SIF AUM has more than doubled to ₹10,620 crore in March, up from ₹4,892 crore in December. The number of offerings has also doubled to 14 quarter-on-quarter as of March-end, according to the Association of Mutual Funds data.

Early movers gain ground in SIF space

SBI Mutual Fund’s Magnum SIF has taken the early lead with AUM of ₹2,994 crore against ₹1,181 crore logged in the December quarter, followed by ₹2,366 crore (₹508 crore) of early-mover Altiva SIF of Edelweiss MF and ₹1,036 crore of the latest entrant iSIF of ICICI MF.

Others who have made a mark in SIF include qSIF of quant MF (₹867 crore), Titanium SIF of Tata MF (₹404 crore) and Diviniti SIF of ITI MF (₹355 crore).

Distribution remains a challenge

Though the industry is rushing to the market, distribution has remained the weak link, with only 6,000 distributors clearing the NISM’s 150-mark test covering derivative market basics, trading strategies, risk management, and regulations.

Interestingly, there is also negative marking: 1 mark is deducted from the total score for every 4 wrong answers. The exam also includes currency derivatives, which are hardly used in SIF.

Industry seeks changes in certification norms

Besides hand-holding distributors to clear exams, the industry has been pushing SEBI to remove the negative marks and currency derivatives from the syllabus.

Published on May 2, 2026



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India-linked tanker laden with cooking fuel attempts Hormuz exit

India-linked tanker laden with cooking fuel attempts Hormuz exit


An India-linked supertanker laden with liquefied petroleum gas is attempting to transit the Strait of Hormuz, a rare crossing that underscores the country’s struggle to alleviate a historic energy crisis.

The Marshall Islands-flagged Sarv Shakti — laden with around 45,000 tons of LPG, commonly used as cooking fuel — appeared to move northward through the waterway, toward and then past Iran’s Larak and Qeshm islands on Saturday, in the direction of the Gulf of Oman, according to ship-tracking data.

The very large gas carrier has previously made runs between the Persian Gulf and Indian ports and is broadcasting that it is heading to the country and has Indian crew, a safety measure frequently adopted by ships since the Iran war began.

State-run Indian Oil Corp. was listed as the buyer of the cargo, according to a shipping document seen by Bloomberg. IOC did not immediately respond to an email seeking comment.

If successful, Sarv Shakti’s passage would mark the first observed passage by an India-linked tanker since a weeks-old US blockade of ships tied to Iran began, pushing transits through Hormuz back down to nearly zero. It will also be one of the largest carriers to make the outbound crossing since a chaotic weekend last month, when the strait was briefly opened and then rapidly closed.

As the world’s third-largest oil importer and the second-biggest consumer of LPG, India has scrambled to fill the supply gap left by Middle East producers. Acute shortages of the cooking fuel have triggered panic, queues and pared-down menus.

New Delhi has focused on the safe passage of LPG carriers since the US and Israel began strikes on Iran at the end of February, even ordering its own ports to prioritize these tankers for berthing and discharging, while cranking up domestic production.

Momentum was disrupted, however, by the April weekend when Iran initially said the thoroughfare was restored, only for its military to shoot at ships attempting to cross, forcing many to U-turn. One India-linked vessel, Aframax-sized crude tanker Desh Garima slipped through, though only by switching off its transponder signals. 

Since then, traffic has returned to a near-standstill in Hormuz.

India has managed to move eight LPG vessels through Hormuz during the conflict after bilateral negotiations with Tehran, and has been working on other exits.

India has also raised domestic production of LPG by 60% to 54,000 tons in order to cope. Its consumption has dropped by 10,000 tons to 80,000 tons daily, Oil Minister Hardeep Puri said Friday.

Sarv Shakti entered the Persian Gulf in early February. It received its cargo via a ship-to-ship transfer off Dubai, but Bloomberg News could not immediately identify the exact origin of the cargo.

Sarv Shakti’s full transit of Hormuz could take about 10 to 14 hours. Electronic interference in the region can falsify the apparent position of a ship. Some ships may also spoof, or go dark, during transits, in order to hide their tracks.

Dubai-based Foresight Group Services Ltd. is listed as the carrier’s manager, with its owner Zhe Yin Shan Zhou No. 4 Tianjin that shares the same address, on database Equasis. Foresight Group did not immediately respond to a query submitted via its website.

More stories like this are available on bloomberg.com

©2026 Bloomberg L.P.

Published on May 2, 2026



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Lower valuations may see India outflows moderate: RBI Governor

Lower valuations may see India outflows moderate: RBI Governor


Foreign outflows from Indian markets may slow this year as asset values have corrected, the head of the nation’s central bank said at an event Friday, according to a speech copy made available on its website.

The country’s net capital account position should be better than last year, Reserve Bank of India Governor Sanjay Malhotra said at an event organized by a fixed income industry body in Amsterdam on Friday, according to the speech copy.

Malhotra’s comments come at a time when the rupee is marking new lows, pressured by overseas withdrawals from Indian assets.

The rupee has declined more than 5 per cent so far this year, ranking as Asia’s worst performer, while the benchmark Nifty 50 stock index has lost 8 per cent. The index is now trading at about 18 times its 12-month forward earnings, lower than its one-year average of 20 times.

Global funds are selling Indian equities at a record pace as an energy shock from the US-Iran conflict threatens to derail the outlook for the oil-importing nation. Overseas investors have pulled more than $20 billion from local shares this year, with capital rotating towards artificial intelligence-linked markets.   

While elevated energy prices pose challenges for India, some of those headwinds should be offset by capital flows emanating from the numerous free trade agreements that the country has signed, Malhotra said. 

Over the past few months, India has signed trade pacts with various partners, including the UK, the European Union and New Zealand.

The Governor also said that if the global Indian rupee market were to be popularized, local banks would need to evolve as international market makers, noting that domestic lenders were dealing with overseas entities rather than end-users. 

The observation comes after the RBI temporarily placed sweeping curbs on offshore rupee trading in April as the currency hit record lows amid risks to India’s inflation and public finances from the oil price shock of the Iran war. While those steps had helped the rupee, the currency has resumed its slide, marking a record low on Thursday.

More stories like this are available on bloomberg.com

Published on May 2, 2026



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Gold-Silver Price: 24K और 22K गोल्ड की कीमतों में बदलाव, चांदी के रेट्स में उछाल

Gold-Silver Price: 24K और 22K गोल्ड की कीमतों में बदलाव, चांदी के रेट्स में उछाल


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Key points generated by AI, verified by newsroom

  • वैश्विक अनिश्चितताओं के कारण सोने की कीमतों में उतार-चढ़ाव।

Gold-Silver Price Today: आज 2 मई शनिवार को भारत के खुदरा बाजार में सोने की कीमतों में ज्यादा बदलाव नहीं देखा गया है. देश के प्रमुख शहरों में 24 कैरेट और 22 कैरेट सोने के दाम लगभग स्थिर बने रहे. मल्टी कमोडिटी एक्सचेंज ऑफ इंडिया (MCX) वीकेंड पर बंद रहता है, इसलिए लाइव ट्रेडिंग  के आंकड़े उपलब्ध नहीं थे. पिछले बंद स्तरों के मुताबिक, सोना अभी भी लगभग 1.5 लाख प्रति 10 ग्राम के ऊपर बना हुआ है, हालांकि पिछले कुछ सत्रों में इसमें हल्की नरमी देखी गई है.

सोना और चांदी के ताजा रेट जाने

  • 24 कैरेट सोना – 151,810 प्रति 10 ग्राम
  • 22 कैरेट सोना- 139,159 प्रति 10 ग्राम
  • चांदी (999 फाइन)- 251,170 प्रति 1 किलोग्राम

यह भी पढ़ें – Petrol-Diesel Price: खतरे की बज गई घंटी! अगले 5-7 दिनों में बढ़ सकते हैं पेट्रोल-डीजल के दाम, इतनी होगी बढ़ोतरी

अपने शहर के रेट जाने (2 मई)

मुंबई में सोने की कीमतें

  • 24-कैरेट सोने की दर – ₹151,530/10 ग्राम.
  • 22-कैरेट सोने की दर -₹138,903/10 ग्राम.
  • 999 फाइन चांदी की दर – ₹250,720/1 किलोग्राम.

नई दिल्ली में सोने की कीमतें 

  • 24-कैरेट सोने की दर – ₹151,270/10 ग्राम.
  • 22-कैरेट सोने की दर -₹138,664/10 ग्राम.
  • 999 फाइन चांदी की दर – ₹250,290/1 किलोग्राम. 

अहमदाबाद में सोने के दाम

  • 24 कैरेट सोने का रेट – ₹151,730/10 ग्राम.
  • 22 कैरेट सोने का रेट- ₹139,086/10 ग्राम.
  • 999 फाइन चांदी का रेट – ₹251,050/1 किलोग्राम.

बेंगलुरु में सोने के दाम 

  • 24 कैरेट सोने का रेट – ₹151,650/10 ग्राम.
  • 22 कैरेट सोने का रेट – ₹139,013/10 ग्राम.
  • 999 फाइन चांदी का रेट – ₹250,920/1 किलोग्राम.

कोलकाता में सोने के दाम 

  • 24 कैरेट सोने का रेट – ₹151,330/10 ग्राम.
  • 22 कैरेट सोने का रेट – ₹138,719/10 ग्राम.
  • 999 फाइन चांदी का रेट – ₹250,390/1 किलोग्राम.

हैदराबाद में सोने के दाम

  •  24 कैरेट सोने का रेट – ₹151,770/10 ग्राम.
  •  22 कैरेट सोने का रेट – ₹139,123/10 ग्राम.
  • 999 फाइन चांदी का रेट – ₹251,120/1 किलोग्राम.

चेन्नई में सोने के दाम 

  • 24 कैरेट सोने का रेट  – ₹151,970/10 ग्राम.
  • 22 कैरेट सोने का रेट – ₹139,306/10 ग्राम.
  • 999 फाइन चांदी का रेट – ₹251,450/1 किलोग्राम.

 वैश्विक बाजार में गिरावट क्यों आई?

अंतरराष्ट्रीय बाजारों में सोने की कीमतों में गिरावट दर्ज की गई है, क्योंकि मिडिल ईस्ट में तनाव बढ़ने से आर्थिक अनिश्चितता बनी हुई है. इससे ब्याज दरों में कटौती की उम्मीदें भी कम हो गई हैं. एक्सपर्ट्स का मानना है कि अगर ब्याज दरें लंबे टाइम तक ऊंची रहती हैं तो बिना रिटर्न वाले इन्वेस्ट जैसे सोना-चांदी पर दबाव बना रह सकता है. पिछले कुछ महीनों से जारी भू-राजनीतिक तनाव और आर्थिक परिस्थितियों के चलते सोने की कीमतों में लगातार उतार-चढ़ाव देखने को मिला है.



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खतरे की बज गई घंटी! अगले 5-7 दिनों में बढ़ सकते हैं पेट्रोल-डीजल के दाम, इतनी होगी बढ़ोतरी

खतरे की बज गई घंटी! अगले 5-7 दिनों में बढ़ सकते हैं पेट्रोल-डीजल के दाम, इतनी होगी बढ़ोतरी


Petrol-Diesel Price Hike News: देश में महंगाई का एक ऐसा तूफान आने वाला है जो आपके घर के पूरे गणित को बिगाड़ कर रख देगा. सरकारी गलियारों से ऐसी खबरें छन कर बाहर आ रही हैं, जो सीधे आपकी जेब पर डाका डालने वाली हैं. सूत्रों ने बताया है कि अगले पांच से सात दिनों के भीतर तेल कीमतों पर सरकार एक बड़ा फैसला लेने जा रही है.

सरकारी सूत्रों के मुताबिक, पश्चिम एशिया में बदलते हालातों और वैश्विक ऊर्जा बाजार पर पड़ने वाले इसके असर पर सरकार की पैनी नजर है. अभी भले ही अंतिम मुहर न लगी हो, लेकिन संकेत साफ हैं कि बहुत जल्द पेट्रोल, डीजल की कीमतों में तगड़ी बढ़ोतरी हो सकती है. सिर पर तलवार लटक रही है, क्योंकि आंतरिक चर्चाएं जोरों पर हैं और अधिकारी इस बात का आकलन कर रहे हैं कि आखिर कितना बोझ जनता पर डाला जाए.

एयर इंडिया का बड़ा फैसला, रोजाना 100 फ्लाइट्स की होगी कटौती, महंगाई ने रोकी उड़ान

पेट्रोल-डीजल के दाम में 4 से 5 रुपए तक के उछाल की आशंका

बता दें कि पेट्रोल-डीजल के दाम में 4 से 5 रुपए तक के उछाल की आशंका है. सरकार इस समय ‘दोराहे’ पर खड़ी है. एक तरफ तेल कंपनियों का वित्तीय दबाव है तो दूसरी तरफ बढ़ती महंगाई का डर. लेकिन जनता को अब फूंक-फूंक कर कदम रखने की जरूरत है, क्योंकि अगर ये कीमतें बढ़ीं तो इसका असर सीधे आपकी थाली और आपके सफर पर पड़ेगा.

ईंधन और रसोई गैस की कीमतों में होने वाली किसी भी बढ़ोतरी का व्यापक असर होता है. जब डीजल महंगा होता है तो ट्रकों का किराया बढ़ता है और जब किराया बढ़ता है तो फल-सब्जियों से लेकर हर जरूरत का सामान महंगा हो जाता है. मध्यम वर्ग के लिए यह लोहे के चने चबाने जैसा होने वाला है, क्योंकि घरेलू बजट पहले से ही खिंचा हुआ है. 

होटल एसोसिएशन का बड़ा फैसला, ग्राहकों को ही देना होगा महंगे सिलेंडर का पैसा, रेस्टोरेंट्स में बढ़ेंगे दाम

संतुलन बनाने की कोशिश कर रही सरकार- सूत्र

सूत्रों ने बताया कि सरकार फिलहाल संतुलन बनाने की कोशिश कर रही है, ताकि महंगाई बेकाबू न हो, लेकिन वैश्विक अनिश्चितता के इस दौर में यह एक बेहद संवेदनशील नीतिगत फैसला है. खतरे की घंटी बज चुकी है और अगले एक हफ्ते में तस्वीर बिल्कुल साफ होने की उम्मीद है.



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Q4 Results 02nd May Live: Kotak Mahindra Bank, Avenue Supermarts, APL Apollo Tubes, Epigral, Netweb Tech to announce Q4 results

Q4 Results 02nd May Live: Kotak Mahindra Bank, Avenue Supermarts, APL Apollo Tubes, Epigral, Netweb Tech to announce Q4 results


4 Results Today, 02nd May 2026 Live Updates: Find all the latest Q4 results 2026 updates of APL Apollo Tubes, Ashoka Metcast, Bhageria Industries, Avenue Supermarts, Epigral, Family Care Hospitals, Galaxy Bearings, Gujarat Containers, IKIO Technologies, India Shelter Finance Corporation, Kanpur Plastipack, Kotak Mahindra Bank, LG Balakrishnan & Bros, Mitsu Chem Plast, Netweb Technologies India, Nila Infrastructures, Nitta Gelatin India, Omax Autos, Rhetan TMT, Sharp Investments, Shetron, SMC Global Securities, Swastika Investmart, and Tacent Projects. 

  • May 2, 2026 10:20

    Square Yards Q4 results live: Square Yards record FY26 Financial results with ₹2,086 crore revenue and EBITDA of ₹176 crore

    Revenue Growth: Revenue of ₹ 2,086 crore (~USD 223 million), up 48 per cent Y-Y, achieving a 5-year CAGR of ~53 per cent. Revenue has grown 8.5x from ₹ 246 crore in FY21. 

    Profitability Milestone: EBITDA of ₹ 176 crore (~USD 19 million), up ~269 per cent Y-Y, with EBITDA margin expanding 504 bps from 3 per cent in FY25 to 8 per cent in FY26 – the third consecutive year of positive EBITDA. 

    Gross Profit: Gross Profit reached ₹ 476 crore (~USD 51 million), growing 49 per cent Y-Y, with gross margins sustained at 23 per cent on a significantly larger revenue base. 

    Segmental EBITDA: Segmental EBITDA grew 71 per cent Y-Y to ₹ 314 crore, with margins expanding from 13 per cent to 15 per cent (+206 bps). 

    India remains the engine: India revenue grew 57 per cent Y-Y vs 48 per cent overall, with India now contributing 88 per cent of total revenue. International (GCC + ROW) contributes the balance 12 per cent. 

    Q4 Acceleration: Q4 FY26 delivered 53 per cent Y-Y revenue growth, the strongest quarter of the year, setting strong exit momentum for FY27. 

    FY27 Outlook: Square Yards targets 40 per cent+ revenue growth and double-digit EBITDA margins for FY27. 

    “We are at an interesting trisection of scale, growth and profitability. And with network flywheel effects and leverage playing out across the ecosystem, this is the best operational phase we have ever been in. Even with the scale, we are still operating at low single digit market share and that allows us room to think beyond the next 5 years of growth.” 

    — Tanuj Shori, Founder and CEO, Square Yards 

  • May 2, 2026 10:16
    Quarterly results
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    Filatex India Q4 results live: Filatex India posts 37% PAT jump in FY26, margins improve despite revenue dip

    Polyester filament yarn maker Filatex India Limited reported a 36.66 per cent year-on-year rise in net profit for FY26, even as annual revenue contracted marginally, the company disclosed in its earnings release on Thursday. 

    Profit after tax for the full year ended March 31, 2026, came in at ₹183.90 crore, up from ₹134.57 crore in FY25. Revenue from operations fell 2.15 per cent to ₹4,160.52 crore from ₹4,252.52 crore a year ago. EBITDA surged 34.47 per cent to ₹346.52 crore, with margins expanding sharply to 8.33 per cent from 6.06 per cent in FY25. 

    For the fourth quarter alone, the company posted a PAT of ₹40.25 crore, down slightly from ₹41.38 crore in Q4FY25. Quarterly revenue declined 8.75 per cent to ₹985.49 crore. EBITDA, however, improved 13.89 per cent to ₹86.24 crore with a margin of 8.75 per cent, up from 7.01 per cent a year earlier. 

    Production volumes were broadly stable at 3,89,027 MT for the year, while sales volumes dipped marginally to 3,88,813 MT. 

    The company flagged that geopolitical tensions in West Asia pushed up crude-linked raw material costs — specifically PTA and MEG — in March 2026, causing cautious buying and lower operating rates industry-wide. Higher freight and insurance costs compounded the pressure. However, the government’s removal of customs duties on PTA and MEG from April 2, 2026, for an initial three-month period is expected to ease near-term input cost pressures. 

    On the capital expenditure front, Filatex said its ₹300 crore textile-to-textile recycling project (26,750 TPA capacity) and a ₹235 crore brownfield capacity expansion of roughly 55,000 TPA are both on track for commissioning by September 2026. A renewable energy push — targeting an increase in renewable power share from 26 per cent to 55 per cent — is slated for completion by November 2026. 

    The company also signed a memorandum of understanding with American & Efird Global, LLC to trial chemically recycled polyester yarn in thread manufacturing, a move aimed at validating its recycled yarn offering in higher-value segments.

Published on May 2, 2026



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