Latest news with #ConsolidatedAccountStatement
Mint
31-07-2025
- Business
- Mint
NSDL IPO Day 2 Live: Issue subscribed 1.95x so far. Check GMP, review, key dates, more
31 Jul 2025, 11:32 AM IST Maintaining Allotment and Transfer of Ownership Records Account Opening and Management Settlement of Market and Off-Market Transfers Dematerialisation of Securities Corporate Actions Pledge Margin Pledge Non-Disposal Undertakings (NDUs) Consolidated Account Statement (CAS) Providing a Comprehensive Suite of APIs: 31 Jul 2025, 11:17 AM IST "The company plans to strengthen and modernize its IT infrastructure to improve operational efficiency, elevate service standards, and bolster resilience. Additionally, it aims to broaden its range of services, enhance its database management capabilities, and expand the market share of its payments bank division. At the upper price band company is valuing at P/E of 46.6x to its FY25 earnings, and market cap of ₹ 1,60,000 million with Return on net worth of 17.1% post issue of equity shares. We believe that the IPO is fairly priced and recommend a 'Subscribe' rating to the IPO," said the brokerage. 31 Jul 2025, 10:49 AM IST NSDL's revenue model is diversified, generating income from core depository services, including custody fees, transaction fees, and annual maintenance charges, which constitute a stable recurring revenue stream. In FY25, consolidated operating revenue reached ₹ 1,420.1 Cr, marking a significant increase from ₹ 1,268.2 Cr in FY24. Net profit for FY25 stood at ₹ 343.1 Cr, with EBITDA of ₹ 375.5 Cr. The company's robust financial performance is reflected in its 24.2% PAT margin and strong Return on Equity (ROE) of 17.1%. 31 Jul 2025, 10:35 AM IST Financial Infrastructure & Duopoly, Stable Revenue Model, Tech-Forward Approach, Beneficiary of Financialization 31 Jul 2025, 10:16 AM IST NSDL IPO subscription status is 1.99 times on day 2, so far. The retail portion was subscribed 2.08 times, and NII portion has been booked 3.27 times, Qualified Institutional Buyers (QIBs) portion received 84% bids. The employee portion has been booked 4.00 times. The company has received bids for 6,98,04,036 shares against 3,51,27,002 shares on offer, at 10:12 IST, according to data on BSE. 31 Jul 2025, 09:39 AM IST "With demat penetration still at ~13.4% of the population, and financialization of household savings gaining pace, NSDL is well-positioned to benefit from India's rising capital market participation. NSDL's forward strategy of diversifying into adjacent domains through its subsidiaries—NPBL (payments bank), NDML (e-governance and KYC), and insurance repositories—adds new levers of monetization. The NSDL Jiffy platform, Cash Management Services, and expansion in regtech and blockchain-backed infrastructure further strengthen its ecosystem approach. These initiatives are likely to not only deepen customer stickiness but also elevate revenue intensity per user. We recommend to subscribe to the issue due to NSDL's dominant market share in demat value, strong institutional franchise, regulatory tailwinds, diversified fintech initiatives, and high-quality revenue visibility," said SMIFS Ltd. 31 Jul 2025, 09:14 AM IST NSDL secured over ₹ 1,201 crore from institutional investors on Tuesday, just one day prior to the commencement of its initial share-sale for public subscriptions. The anchor segment saw participation from both domestic and international institutional investors, including Life Insurance Corporation of India (LIC), Smallcap World Fund Inc, SBI Mutual Fund (MF), Fidelity Funds, and Nippon India MF, according to a bulletin released on the BSE's website. SBI Life Insurance Company and HDFC Life Insurance Company, along with the Abu Dhabi Investment Authority, Ashoka WhiteOak India Opportunities Fund, ICICI Prudential MF, and HDFC MF, also joined as investors. Among these contributors, LIC was the leading investor, purchasing nearly 18 lakh shares, which accounts for 11.99 percent of the total anchor book, for a total of ₹ 144 crore. According to the bulletin, NSDL has allocated over 1.5 crore equity shares to 61 funds at a price of ₹ 800 each, resulting in a total transaction volume of ₹ 1,201.4 crore. 31 Jul 2025, 08:58 AM IST India's first and leading depository operating a wide range of technology-driven businesses Strong focus on technology-led product innovation Diversified Asset Classes held in Demat Accounts and Well-diversified Business Verticals 31 Jul 2025, 08:50 AM IST As of March 31, 2025, NSDL stands as India's largest depository regarding the number of issuers, active instruments, market share in dematerialized value of settlement volume, and assets under custody, according to the CRISIL Report. Additionally, as of March 31, 2025, NSDL operated a network of 65,391 service centers for depository participants, in contrast to CDSL's 18,918 centers. As per the red herring prospectus (RHP), the sole peer is Central Depository Services (India) Limited. 31 Jul 2025, 08:45 AM IST NSDL IPO GMP is +135. This indicates NSDL share price was trading at a premium of ₹ 135 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of NSDL share price was indicated at ₹ 935 apiece, which is 16.88% higher than the IPO price of ₹ 800. Analyzing the grey market activities from the last 27 sessions, the IPO GMP is currently on the rise, indicating a promising listing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP has reached ₹ 167, as stated by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
05-06-2025
- Business
- Economic Times
This mutual fund investment platform to shut down from June 30, 2025: What happens to your active SIPs, existing investments?
Getty Images Piggy platform closure Piggy, a popular mutual fund investment platform, will cease operations in June. The company has recently notified all its customers through emails about this matter. Several users express concerns regarding the future of their ongoing investments, SIP (Systematic Investment Plan) mandates, and access to tax and transaction records.'After much reflection, we've decided to discontinue further development and support for the Piggy app and web portal. The platform will go offline 30 days from today,' the company announced in an email on May 30, company has clarified various topics through mail to guide customers on managing their SIPs, pending redemptions, and dividend payouts. Can I transfer my SIP to other MF platforms? It's important to note that SIP mandates cannot be transferred to another platform. You need to set up new SIPs on MF Central, individual AMC websites, or any other investment platform you choose. What happens to my active Piggy SIPs, can they be transferred? All SIP mandates set up through Piggy will be automatically cancelled between June 15 and 20, 2025, according to the company's email. If you prefer to stop them earlier, you can do so manually through the Piggy app. Alternatively, you can contact your bank to cancel any standing instructions issued in the name of BSE Star or are the FAQs from the Piggy platform, which customers should note:Do I need to withdraw my money before Piggy shuts down? No. Your mutual fund units live with the fund houses and their RTAs (CAMS or KFintech). Piggy is just a viewing/transacting layer. Even after our app goes dark, you can:Log in at individual AMC/RTA portals, or their mobile a Consolidated Account Statement (CAS) from CAMS or MF Central any time you need a snapshot of all holdings. Bank holidays in June 2025: Check full list of state-wise bank holidays What happens to my active SIPs? Can they be moved? Automatic stop: Every SIP mandate set up through Piggy will be cancelled between 15 and 20 June it sooner: Open the Piggy app, tap your profile (top-left), go to upcoming events, click on 'Stop SIP.'Bank route: You can also tell your bank to cancel any standing instructions in the name of BSE Star / ICCL. Transfer? Sadly, SIP mandates cannot be ported. You'll need to start fresh SIPs on MF Central, AMC sites, or another platform of your choice. Can I buy or sell from other platforms? Absolutely. Because these are 'physical' (RTA-held) units, any service that supports importing external folios can handle them. Popular options:MF Central (industry-wide)Fund house or RTA portals/appsThird-party investment apps that let you link existing folios (check with their support teams). What about pending redemptions or dividend payouts? Redemption orders placed before Piggy shuts down will be processed normally. Dividends will keep flowing straight to your registered bank account. Piggy's closure doesn't affect AMC payouts. How do I get tax statements after Piggy is gone? Capital gains reports: MF Central and CAMS both offer period-wise capital gains statements. Is my personal data still safe? Yes. We're following standard data-retention rules and will wipe or anonymise what's no longer required by law.
Mint
02-05-2025
- Business
- Mint
How to download your dividend statement from HDFC Securities? A step-by-step guide
For investors in India, maintaining a clean and accurate record of dividend income is crucial for proper financial planning and income tax compliance. To meet the same expectations HDFC Securities provides multiple avenues through which dividend statements can be obtained. The objective of providing various platforms to investors for downloading dividend statements is to bring more transparency and ease in the entire process. Here are step by step process for downloading the dividend statements from HDFC Securities: HDFC Securities doesn't provide a standalone dividend statement. The dividend details instead are integrated within the Consolidated Account Statement (CAS) and the Profit and Loss (P&L) statement. Now, all these documents cumulatively provide a crisp and comprehensive insight into your investment activities, including the total dividends received in a particular financial year. The CAS provides for a holistic view of your total holdings across mutual funds and depositories detailing transactions along with dividend credit information. To download your CAS: Visit the CAMS online portal: Navigate to the online portal of CAMS. Opt for investor services: Select the 'Investor Services' section. Request CAS to provide your dividend statement: Click on 'CAS – CAMS, Karvy, FT, or SBFS' tab to request for your consolidated dividend and mutual fund statement from the respective registrar. Submit the requested details: Enter your registered email address, mobile number and PAN for the verification process. Set a new password: Choose a password for the PDF statement. Receive your statement: Your consolidated account statement will be emailed to you. It will have the details of dividends and other transactions carried out by you throughout the financial year. Note: Be careful with your email registration details. Ensure that your email is registered with your mutual fund manager to receive the CAS at the correct email address. To check your detailed account of trading activities including dividends you can refer to your P&L statement: Log in to HDFC Securities: Carefully enter your details on the HDFC Securities. Navigate to 'Portfolio': Select the 'Portfolio' option and select 'Profit & Loss Statement' Choose parameters: Select the financial year, asset type (example equities) and period. Download the statement: Click on the export icon. This will help you in downloading the statement in your preferred format. This statement will provide you a list of all the dividends received during the selected period by you. This document will come in handy when you are moving ahead with tax filing purposes. If you've invested in mutual funds through HDFC, you can request a dividend statement directly: Visit the HDFC mutual fund's request page: Go to the official website of HDFC Mutual fund and click on the request page. If in doubt, discuss with the concerned customer service executive. Enter your folio number details: Submit your folio number details and select the tab 'Dividend Statement'. Select the method of delivery: You can opt to receive the statement either through mail or simply download it from the link and save. Note: Ensure your contact details are up-to-date to receive the statement without issues. Hence by following the above given simple steps you can download your dividend statement from HDFC Securities. This can go a long way in assisting you with your income tax filing and efficient financial planning and management. Disclaimer: The information provided in this guide is intended for general informational purposes only. For personalised advice or specific queries related to your dividend statement, please consult HDFC Securities or a financial professional. First Published: 2 May 2025, 03:39 PM IST
