By Renuka

MOIL was originally set up in the year 1896 as Central Province Prospecting Syndicate which was later renamed as Central Provinces Manganese Ore Company Limited (CPMO), a British Company incorporated in the UK. In 1962, as a result of an agreement between the Government of India and CPMO, the assets of the latter were taken over by the Government and MOIL was formed with 51% capital held between the Govt. of India and the State Governments of Maharashtra and Madhya Pradesh and the balance 49% by CPMO. It was in 1977, the balance 49% shareholding was acquired from CPMO and MOIL became a 100% Government Company under the administrative control of the Ministry of Steel. MOIL Ltd(BSE: 533286 | NSE: MOIL ) Board has approved a proposal for buyback of up to 87.66 lakh shares at Rs 240 per share, aggregating Rs 210.4 cr which is 3.29% of a total number of paid-up equity shares. FacebookTwitterShare Buy Back Offer Deal: Buyback Type: Tender Offer Buyback Record Date: Dec 31 2021 Bu

DSP Investment Managers launches NFO DSP Investment Managers announced the launch of India’s first SIP focused NFO for DSP Global Innovation Fund of Fund (DSP GIF). DSP GIF is a Fund of Funds (it will itself invest in different international funds) which focuses on innovation as its key driver and identifies companies that have innovative thinking at their core, are likely to remain relevant and have the potential to succeed in the long term. These include emerging innovation themes like Metaverse, Semiconductors, Blockchain, 5G, Gene Technology, Artificial Intelligence, Space Exploration, Electric Vehicles & Robotics, among others. Currently, there are very limited opportunities in the Indian listed space to participate in these emerging sectors.Indian investors have matured & adopted SIPs as the right way of long-term investing. They invest around Rs 12,000 crore every month as SIPs. Another emerging trend is diversifying globally to take advantage of innovative companie

WHAT IS INVESCO INDIA FLEXI CAP FUND NFO? NFO review: Invesco India Flexi Cap Fund Invesco Mutual Fund has floated a new fund offer for the launch of its Flexi-cap fund. The fund will dynamically manage its equity holdings across large-cap, mid-cap, and small-cap stocks. The new fund offer (NFO) is open for subscription since January 24, 2022, and will close on February 7, 2022. The fund will be managed by Taher Badshah and Amit Nigam. The fund is benchmarked against S&P BSE 500 TRI On September 11, 2020, SEBI came out with a circular for multi-cap schemes, wherein it asked fund houses to invest a minimum of 25 per cent in all large-, mid- and small-cap market segments. Majority of the AMCs exercised the option of converting their existing multi-cap scheme into a flexi-cap in order to retain flexibility in their existing portfolio mandate to dynamically invest across market-caps. Invesco was one of the few AMCs that decided to comply with the new regulation for multi-caps

BRIEFLY EXPLAIN ABOUT JOONKTOLLEE TEA& INDUSTRIES RIGHTS ISSUE ? Joonktollee Tea & Industries is mainly engaged in the business of cultivation and manufacturing of Tea. In addition, the company also has cultivation activity of Coffee and Rubber. The company sells its Coffee through an auction sale in bulk to the export houses exporting in Europe, and Rubber to other manufacturers in different industries in India. The company has taken several large-scale initiatives and has invested in equipment like vibratory fluidized bed dryers, enclosed withering troughs, modern humidification plants to improve quality and productivity. The company has also invested in irrigation facilities in all its estates. The Company's tea garden area under cultivation is spread over 1827.55 hectares in Northeast and South India. The company's Coffee and Rubber gardens are in South India. About Company - Joonktollee Tea & Industries Joonktollee Tea & Industries Ltd is engaged in the

Motilal Oswal Asset Management Company on Friday launched Motilal Oswal Nifty200 Momentum 30 ETF and Motilal Oswal Nifty200 Momentum 30 Index Fund. The new fund offer (NFO) of the scheme will close for subscription on February 4. These schemes replicate the performance of the Nifty200 Momentum 30 index. The Nifty200 Momentum 30 index selects the top 30 companies with the highest six-month and 12-month ‘momentum’ as defined in the index methodology. The constituents need to be p .. Investment Objective The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty200 Momentum 30 TRI, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved Type of Scheme An open ended scheme replicating/tracking Nifty200 Momentum 30 Index Date of Allotment 10-Feb-2022 NFO Period 21-Jan-2022 to 04-Feb-2022

EXPLAIN ABOUT ADITYA BIRLA SUN LIFE NIFTY NEXT 50 INDEX FUND? Aditya Birla Sun Life Mutual Fund has announced the launch of Aditya Birla Sun Life Nifty Next 50 Index Fund, an open ended scheme that will track the Nifty Next 50 Index. The New Fund Offer will close for subscription on February 14. The minimum application amount for this fund is Rs 100 and in multiples of Re 1 thereafter, during the NFO. According to a press release, the scheme is suitable for investors seeking long-term capital growth. Since this is an index fund, investors do not need a Demat account to invest in the index and can avail both Systematic Investment Plan (SIP) and lumpsum route. Nifty Next 50 is a well-diversified index with consumer and commodities sector constituting 25.6% and 20.1% respectively, followed by Financial Services with 20%, as on January 15. EXPLAIN THE FINANCIAL POSITION OF THE COMPANY? Launched in 1996, the Nifty Next 50 Index represents the 50 companies from Nifty 100, after e

Navi US Total Market Fund of Fund invests in the Vanguard Total Stock Market ETF (VTI). VTI tracks the performance of the CRSP US Total Market Index which has 4000+ constituents, across small, mid and large cap companies, representing nearly 100% of the US investable equity market. The NFO will start on 4th February 2022 and close on 18th February 2022. What's so special? This is currently the only fund in India which provides an opportunity to invest in Vanguard, the pioneer of low cost passive fund management schemes. VTI is the 3rd largest ETF in the world. It has $1.3 trillion in assets, which is 10% of all assets in US stock mutual funds & ETFs. CRSP US Total Market Index is a comprehensive and broader index having exposure to multiple sectors. In contrast, most of the US-focused index funds currently offered in India have NASDAQ 100 as their benchmark, which is a large cap index with a higher exposure to the technology sector. This investment can act as a potentia