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News18
4 days ago
- Business
- News18
Why Adding Nominee To Your EPF, Mutual Funds And Bank Accounts Is A Must And How To Do It Online
Last Updated: Appointing a nominee ensures your savings go to the right person without legal hassle. Appointing a nominee for your financial accounts is one of the most important steps in protecting your family's future. A nominee is the person who will receive your money, whether it is in your bank account, mutual fund, or provident fund, after your death. If you haven't added a nominee, your family may face lengthy legal processes to claim the money. The good news is that most banks and financial platforms now let you update this online in just a few steps. If you invest in mutual funds using apps like Zerodha, Groww, Paytm Money, or websites like CAMS or KFintech, adding a nominee is also simple. – Log in to the app or platform you use. – Go to your profile settings or the nominee details section. – Fill in the nominee's name, date of birth (DoB), and relationship. – If the nominee is a minor, you will need to enter guardian details too. – Confirm the nomination using an OTP or e-sign it using Aadhaar. Most Indian banks now allow you to register or update a nominee through internet banking or their mobile apps. – Log in to your bank's app or website. – Go to 'Service Requests" or 'Account Services." – Look for the 'Register/Update Nominee" option. – Enter the nominee's name, date of birth, relationship with you, and contact information. – Confirm the request using the OTP sent to your registered mobile number. Once the nomination is done, you will get a confirmation message via SMS or email. You can change or update your nominee anytime. However, in joint accounts, you may need all account holders to agree on the nominee change. If you are a salaried employee, your EPF account also needs a nominee. This can be done easily through the EPFO member portal. – Go to the EPFO website. – Log in using your UAN and password. – Click on the 'Manage" tab and select 'e-Nomination." – First, update your family details. – Then add your nominee(s) and assign a percentage share to each. – Finally, verify and e-sign using the OTP sent to your Aadhaar-linked mobile number. Your employer's approval is not needed, and the change is updated immediately. Do This Now, Save Trouble Later Having a nominee in place for your financial accounts can save your family from stress and legal delays if something happens to you. Since all nomination processes are now digital and quick, it is a good idea to log in and check if your accounts are updated. You can make changes anytime, so take a few minutes now; it could make a big difference later. tags : bank Business mutual funds view comments Location : Delhi, India, India First Published: July 28, 2025, 14:46 IST News business Why Adding Nominee To Your EPF, Mutual Funds And Bank Accounts Is A Must And How To Do It Online Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


The Hindu
23-07-2025
- Business
- The Hindu
Karnataka tech ecosystem sees funding drop, Bengaluru fares better: Report
The Karnataka tech ecosystem saw a noticeable funding slowdown in the first half of 2025, witnessing a sharp drop of 44% compared to the corresponding period in the previous year, shows the newly released Karnataka Tech H1 2025 Funding Reportby market research firm Tracxn. 'A total of $1.7 billion was raised in Karnataka in H1 2025, marking a significant decrease of 30% compared to $2.4 billion raised in H2 2024, and a drop of 44% compared to $3.0 billion raised in H1 2024. This decline reflects subdued investor activity across several segments when compared to prior periods,' noted the report. Sharp drops Seed stage saw a total funding of $141 million in H1 2025, a drop of 39% compared to $233 million raised in H2 2024, and a drop of 41% compared to $239 million raised in H1 2024. Early-stage funding showed healthier trends with total funding of $611 million in H1 2025, going up by 15% from $531 million raised in H2 2024. Late-stage funding witnessed the steepest fall. The funding amount stood at $930 million in H1 2025, a drop of 44% compared to $1.6 billion raised in H2 2024, and a drop of 56% compared to $2.1 nillion raised in H1 2024. Top performers Bengaluru-based tech firms accounted for the majority of the funding raised by tech companies across Karnataka. FinTech, Enterprise Applications, and Retail were the top-performing sectors in H1 2025. While Fintech and Enterprise Applications recorded an increase of 57% and 3% respectively compared to the corresponding period in the previous year, Retail saw an increase of 27% compared to H2 2024. The first half of the year witnessed two $100 million+ funds as opposed to five in H1 2024 and four in H2 2024. Tech companies in Karnataka saw 26 acquisitions in H1 2025, a drop of 4% compared to 27 in H2 2024, and a rise of 24% compared to 21 in H1 2024. Accel emerged as the most active investor. Despite fewer mega-rounds and only one IPO, the ecosystem still witnessed the creation of two new unicorns and notable acquisitions led by Groww.


Time of India
23-07-2025
- Business
- Time of India
India's IPO market set to soar with Rs 2.58 lakh crore offerings in pipeline
India's primary market is set for a significant IPO surge in the remainder of 2025, with over ₹2.58 lakh crore worth of offerings in the pipeline, driven by financial services firms, startups, and unicorns. Strong investor participation, particularly from mutual funds fueled by consistent equity scheme inflows, and private equity firms seeking exits are contributing to this robust IPO activity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: From Tata Capital's ₹17,200-crore offer and LG Electronics' ₹15,000-crore issue to Groww's ₹5,950-crore share sale - India's primary market is gearing up for a blockbuster round of initial public offerings (IPOs) in the rest of 2025. Financial services firms, startups, unicorns and others are among those preparing to list on the domestic to data from Prime Database, IPOs worth ₹1.15 lakh crore have received approval from the Securities and Exchange Board of India (Sebi) and are awaiting market entry. Another ₹1.43 lakh crore of share sale proposals are awaiting regulatory ₹2.58 lakh crore of offerings are in the the first half of 2025 (January-June), 26 companies raised ₹52,200 crore. The largest among them was HDB Financial Services , which raised ₹12,500 crore. The pipeline for 2025 includes new age businesses such as Meesho, fintech unicorn PhonePe, Boat, WeWork India, Lenskart, Shadowfax, Groww and Physics Wallah, among sizes are expected in the range of ₹1,500 crore to ₹9,000 crore. Pine Labs, Amagi, Wakefit, Urban Company, TableSpace and Shiprocket are among the other firms looking to raise money through the first half of 2024, 34 public offerings were launched, collectively raising ₹29,607.95 crore, and in the second half, 56 hit the market, mobilising ₹1.30 lakh calendar year 2024 saw a total of 90 IPOs raising Rs 1.60 lakh crore, according to strong pipeline of issuances is driven by confidence that investor appetite for IPOs remains strong."The growth in fundraising through IPOs has been on the back of growing investor participation, both retail and institutional, as well as retail through institutional, particularly mutual funds," said Bhavesh Shah, managing director and head of investment banking , Equirus funds, armed with a continuous flow of money into equity schemes, have been among the top participants in IPOs, as rich valuations in the secondary market have prompted money managers to deploy money in these the past 12 months to June 30, equity scheme assets grew 22% from Rs 26.82 lakh crore to Rs 32.69 lakh crore. About Rs 27,000 crore gets added to equity-oriented schemes each month by way of systematic investment plans (SIPs).Several IPOs have been driven by private equity firms nearing the end of their fund cycles, triggering a wave of exit activity."IPOs are picking up as many PE funds are nearing the end of their life cycle and need exits," said Mihir Vora, chief investment officer at Trust Mutual Fund.


Economic Times
23-07-2025
- Business
- Economic Times
India's IPO market set to soar with Rs 2.58 lakh crore offerings in pipeline
Live Events Agencies (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: From Tata Capital's ₹17,200-crore offer and LG Electronics' ₹15,000-crore issue to Groww's ₹5,950-crore share sale - India's primary market is gearing up for a blockbuster round of initial public offerings (IPOs) in the rest of 2025. Financial services firms, startups, unicorns and others are among those preparing to list on the domestic to data from Prime Database, IPOs worth ₹1.15 lakh crore have received approval from the Securities and Exchange Board of India (Sebi) and are awaiting market entry. Another ₹1.43 lakh crore of share sale proposals are awaiting regulatory ₹2.58 lakh crore of offerings are in the the first half of 2025 (January-June), 26 companies raised ₹52,200 crore. The largest among them was HDB Financial Services , which raised ₹12,500 crore. The pipeline for 2025 includes new age businesses such as Meesho, fintech unicorn PhonePe, Boat, WeWork India, Lenskart, Shadowfax, Groww and Physics Wallah, among sizes are expected in the range of ₹1,500 crore to ₹9,000 crore. Pine Labs, Amagi, Wakefit, Urban Company, TableSpace and Shiprocket are among the other firms looking to raise money through the first half of 2024, 34 public offerings were launched, collectively raising ₹29,607.95 crore, and in the second half, 56 hit the market, mobilising ₹1.30 lakh calendar year 2024 saw a total of 90 IPOs raising Rs 1.60 lakh crore, according to strong pipeline of issuances is driven by confidence that investor appetite for IPOs remains strong."The growth in fundraising through IPOs has been on the back of growing investor participation, both retail and institutional, as well as retail through institutional, particularly mutual funds," said Bhavesh Shah, managing director and head of investment banking , Equirus funds, armed with a continuous flow of money into equity schemes, have been among the top participants in IPOs, as rich valuations in the secondary market have prompted money managers to deploy money in these the past 12 months to June 30, equity scheme assets grew 22% from Rs 26.82 lakh crore to Rs 32.69 lakh crore. About Rs 27,000 crore gets added to equity-oriented schemes each month by way of systematic investment plans (SIPs).Several IPOs have been driven by private equity firms nearing the end of their fund cycles, triggering a wave of exit activity."IPOs are picking up as many PE funds are nearing the end of their life cycle and need exits," said Mihir Vora, chief investment officer at Trust Mutual Fund.


Time of India
23-07-2025
- Business
- Time of India
D Street Decked Up for Debutants Ball
From Tata Capital's ₹17,200-crore offer and LG Electronics' ₹15,000-crore issue to Groww's ₹5,950-crore share sale — India's primary market is gearing up for a blockbuster round of initial public offerings (IPOs) in the rest of 2025. Financial services firms, startups, unicorns and others are among those preparing to list on the domestic bourses. According to data from Prime Database, IPOs worth ₹1.15 lakh crore have received approval from the Securities and Exchange Board of India (Sebi) and are awaiting market entry. Another ₹1.43 lakh crore of share sale proposals are awaiting regulatory approval. Explore courses from Top Institutes in Please select course: Select a Course Category MBA PGDM Leadership Design Thinking Degree CXO Healthcare Technology Project Management Public Policy Operations Management Others MCA Digital Marketing Data Science Artificial Intelligence Product Management Data Science others Finance Data Analytics Cybersecurity Management healthcare Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Altogether, ₹2.58 lakh crore of offerings are in the pipeline. In the first half of 2025 (January-June), 26 companies raised ₹52,200 crore. The largest among them was HDB Financial Services, which raised ₹12,500 crore. The pipeline for 2025 includes new age businesses such as Meesho, fintech unicorn PhonePe, Boat, WeWork India, Lenskart, Shadowfax, Groww and Physics Wallah, among others. Issue sizes are expected in the range of ₹1,500 crore to ₹9,000 crore. Pine Labs, Amagi, Wakefit, Urban Company, TableSpace and Shiprocket are among the other firms looking to raise money through IPOs. In the first half of 2024, 34 public offerings were launched, collectively raising ₹29,607.95 crore, and in the second half, 56 hit the market, mobilising ₹1.30 lakh crore. Overall, calendar year 2024 saw a total of 90 IPOs raising Rs 1.60 lakh crore, according to ETIG. The strong pipeline of issuances is driven by confidence that investor appetite for IPOs remains strong. 'The growth in fundraising through IPOs has been on the back of growing investor participation, both retail and institutional, as well as retail through institutional, particularly mutual funds,' said Bhavesh Shah, managing director and head of investment banking, Equirus Capital. Mutual funds, armed with a continuous flow of money into equity schemes, have been among the top participants in IPOs, as rich valuations in the secondary market have prompted money managers to deploy money in these offerings. In the past 12 months to June 30, equity scheme assets grew 22% from Rs 26.82 lakh crore to Rs 32.69 lakh crore. About Rs 27,000 crore gets added to equity-oriented schemes each month by way of systematic investment plans (SIPs). Several IPOs have been driven by private equity firms nearing the end of their fund cycles, triggering a wave of exit activity. 'IPOs are picking up as many PE funds are nearing the end of their life cycle and need exits,' said Mihir Vora, chief investment officer at Trust Mutual Fund.