Profitsheets

If you are keen on investing in An exchange-traded fund (ETF), you should be using a demat account to hold your mutual funds Mutual funds can be held in a demat account. You could also hold them in a statement of account (SOA) form. In both cases, the holding is in digital mode and there is no physical certificate as such. Here are some of the key factors you should consider before deciding your holding mode. Are you into ETFs? If you are keen on investing in ETFs, you should be using a demat account to hold your mutual funds. You can access ETFs through the fund of fund route as well and hold them in SOA format. The biggest advantage of a demat account is you get to hold most of your financial investments such as shares, mutual funds, bonds and sovereign gold bonds in one account. It makes tracking simple. Consolidated account statement issued by CDSL or NSDL resolves this issue to some extent if you are holding in the SOA form. Transactions: The biggest advantage of holding units in ...

Apollo Hospitals Enterprise's share price rose after the National Stock Exchange (NSE) had announced that the stock would be included in the benchmark Nifty 50 index effective from March 31. Apollo Hospitals has been included in the Nifty 50 index replacing Indian Oil Corporation. This change will be effective from March 31 (close of March 30, 2022), the Exchange has announced. Apollo Hospital's will become the first ever healthcare services company to become part of the benchmark index and will replace Indian Oil Corporation. Brokerage firm Edelweiss Securities expects the inclusion of Apollo Hospitals into Nifty 50 to result in inflows of $143 million from exchange-traded funds that mirror the index. Also Read :  Apollo Hospitals shares edge higher as Jefferies retains ‘buy’, expects 29% upside Dealers said that the stock could see buying from traders ahead of the inclusion in the index in the hope of selling the shares to exchange-traded funds after the inclusion. The inclus...

There are some grocery credit cards that can help you save a considerable amount on online or offline grocery purchases by offering cashback, rewards and direct discount with select brands Grocery shopping is an unavoidable . However, you can save a lot of money if you use the right credit card to pay your grocery bills. To help you find your perfect companion, Paisabazaar has researched and identified the best credit cards for grocery shopping available in the market. ICICI Bank: Amazon Pay ICICI Credit Card offers 5 percent cashback on Amazon for PRIME members, 3 percent cashback on Amazon for non-PRIME Members, 2 percent cashback on payments to 100+ partner merchants on Amazon Pay and 1 percent cashback on other transactions. This is a lifetime free credit card. Axis Bank: Flipkart Axis Bank Credit Card offers 5 percent cashback while shopping on Flipkart and Myntra, 4 percent cashback on Cleartrip, Cure.fit, PVR, Swiggy, Uber, etc. and 1.5 percent cashback on all other categories...

Bikaji Food Files For Rs 1000 Crore IPO:  Bikaji Foods International is a leading company in the category of snacks and sweets. The company has filed preliminary papers with markets regulator SEBI for an initial public offer (IPO) which’s estimated worth Rs. 1,000 crore. The company plans to sell nearly 2.93 crore shares in the public issue, which will be a pure offer for sale (OFS) by its promoters and existing shareholders, as per its draft papers. The company will not receive any proceeds from the issue. Shiv Ratan Agarwal, Deepak Agarwal, Shiv Ratan Agarwal (HUF) and Deepak Agarwal (HUF) are the promoters of the company. Bikaji was the largest manufacturer of Bikaneri bhujia with annual production of 26,690 tonnes in fiscal year of 2021 and is a leading maker of packaged sweets like packaged rasgulla, soan papdi and gulab jamun. The company is planning to sell as many as 2,93,73,984 shares. The selling shareholders include two promoters — Ratan Agarwal and Deepak Agarwal. Both ...

Demat is an acronym for Dematerialized Account. A demat account is a depository account that provides the holder with facilities to trade securities without physically moving them, like shares, stocks, bonds etc. In other words, demat accounts are used to track the ownership of securities. In India, demat accounts can be opened by either individuals or corporates and there are two types of accounts- Transferable and Non-transferable. In a transferable demat account, one can deposit shares from a non-transferable demat account or vice versa. Non-transferable accounts can only hold shares of a single company and cannot be used to hold shares from another company's transferable D-Mart account. Initial public offerings.  Bonds.  Government securities. Mutual Fund. Exchange Traded Fund. HOW TO OPEN A DEMAT ACCOUNT? First we should decide on a depository account that is any authorized bank. Submit filled account opening form and KYC form. There is a need for a signature of yours on ...

All the stocks ended in the green with PSU Bank, power, metal and realty indices rising between 4-6 percent. BSE midcap and smallcap indices rose 4 percent each. Benchmark indices snapped their seven-day losing streak on February 25 and gained over 2 percent amid supportive global markets and buying across the sectors. At close, the Sensex was up 1,328.61 points or 2.44% at 55,858.52, and the Nifty was up 410.40 points or 2.53% at 16,658.40 levels. Adani Power : CMP: Rs 123.30: The share price jumped 11 percent after the Supreme Court in a ruling ordered the Rajasthan-based three discoms to pay up the balance dues, in a legacy dispute over compensatory tariffs. The apex court held that the three Rajasthan discoms are in contempt of court, as they had not paid the dues despite their review petition having been dismissed earlier this year. The discoms had sought to review the order passed in 2020, which directed them to pay the compensatory tariff to Adani Power. Indus Towers : CMP: Rs ...

Share price of Adani Power surged over 14 percent intraday on February 25 after the company won payment of compensatory tariff. Stock price of the company are on fire, after the Supreme Court in a ruling ordered the Rajasthan-based three discoms to pay up the balance dues, in a legacy dispute over compensatory tariffs. The apex court held that the three Rajasthan discoms are in contempt of court, as they had not paid the dues despite their review petition having been dismissed earlier this year. The discoms had sought to review the order passed in 2020, which directed them to pay compensatory tariff to Adani Power. The Supreme Court has now directed Rajasthan discoms to pay the compensatory tariff to Adani Power within four weeks, which amounts to Rs 4,200 crore in total. Some payments had been paid, but the entire due to Adani Power had not been cleared. Also Read :  Adani Power rise 4.5% on Q3 profit but high coal prices hit capacity utilisation The stock at 11:17 hours was tradi...