Latest news with #HDFCAssetManagementCompany
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Business Standard
a day ago
- Business
- Business Standard
Dividend, bonus, rights issue, demerger: BoB, Concor & 23 others in focus
Bank of Baroda, Concor, HDFC Asset Management Company, and 22 others will be in focus today as they will trade ex-date on Friday, June 6, 2025. Following the recent announcements regarding corporate action such as dividends, bonus issues, and rights issues, drawing attention from investors. It should be noted that the record date and ex-date for the mentioned stocks are the same. Shares trading ex-date for final dividend Bank of Baroda has declared a final dividend of ₹8.35 per share, Concor ₹2, HDFC Asset Management Company ₹90, High Energy Batteries India ₹3 per share, ICICI Lombard General Insurance Company ₹7, IFGL Refractories Ltd ₹1, and IndiaMART InterMESH ₹30, according to corporate action data on BSE. That apart, JSW Energy has declared a final dividend of ₹2, Dr. Lal PathLabs ₹6, L&T Technology Services ₹38, Panchsheel Organics ₹0.8, Tata Steel ₹3.6 and Torrent Power ₹5. These dividends will only be paid to shareholders who own the shares before June 6, 2025, which is the ex-dividend and record date. A final dividend is the amount given by a company to its shareholders after the end of its financial year, based on its full-year profits, and approved by shareholders at the Annual General Meeting (AGM). Shares trading ex-date for interim dividend Maithan Alloys has declared an interim dividend of ₹7, Nicco Parks & Resorts ₹0.4, QGO Finance Ltd ₹0.15 and Ramkrishna Forgings ₹1. Meanwhile, TAAL Enterprises has declared an interim dividend of ₹30, Technocraft Industries (India) ₹20, and Toss The Coin ₹0.5. An interim dividend is a dividend payment made by a company to its shareholders before its annual earnings have been determined and finalised. It is usually declared and paid mid-year, often after the quarterly or half-yearly financial results. Catch Stock Market Updates Today LIVE Special dividend IndiaMART InterMESH has declared a special dividend of ₹20. This dividend will only be paid to shareholders who own the shares before June 6, 2025, which is the ex-dividend and record date. A special dividend is a one-time dividend payment made by a company to its shareholders that is separate from the regular, recurring dividend payments. Demerger/Spinoff Khadim India will trade the ex-demerger on Jun 6, 2025. The company received a nod from the National Company Law Tribunal (NCLT) for the demerger of its footwear business--KSR Footwear-- on March 27, 2025. Bonus issue Shilchar Technologies' board approved a bonus issue in the ratio of 2:1, which means, shareholders will receive one new fully paid-up equity share of ₹10 each, for every two existing fully paid-up shares of the company. A bonus issue is when a company gives free additional shares to its existing shareholders, based on the number of shares they already own. Rights issue Som Datt Finance Corporation has announced a rights issue involving 70,05,579 equity shares with a face value of ₹10 each, amounting to a total issue size of ₹49,03,90,530. The issue price is set at ₹70 per fully paid-up equity share (including a premium of ₹60 per share. The entire issue price will be payable at the time of making the application in the issue. A rights issue is a way for a company to raise additional capital by offering new shares to its existing shareholders, usually at a discounted price, in proportion to their current holdings. The ex-date marks the day a stock starts trading without the eligibility for dividends, bonus shares, stock splits, or rights issues. This means that investors who purchase the stock on or after the ex-date will not be entitled to these benefits. To be eligible, an investor must hold the stock before the ex-date. However, the final list of beneficiaries for dividends, stock splits, or rights issues is prepared by the company based on shareholders recorded at the close of the record date.
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Business Standard
30-05-2025
- Business
- Business Standard
Dividend stocks: TCS, L&T, 24 others to go ex-date next wk; do you own any?
Dividend stocks: Shares of Tata Motors, Tata Consultancy Services (TCS), Tata Steel, Larsen & Toubro (L&T), Container Corporation of India, Bank of Baroda, and 20 other companies are set to remain in focus next week — from Monday, June 2, 2025, to Friday, June 6, 2025 — following their announcements of dividend rewards for shareholders. Other notable names on the list include JSW Energy, Dr Lal PathLabs, L&T Technology Services, INOX India, HDFC Asset Management Company, Nuvama Wealth Management, Jindal Saw, Atishay, Sunshield Chemicals, Seshasayee Paper and Boards, Rallis India, East India Drums and Barrels Manufacturing, High Energy Batteries India, IFGL Refractories, IndiaMART InterMESH, Maithan Alloys, Nicco Parks & Resorts, QGO Finance, TAAL Enterprises, and Technocraft Industries (India). According to data available on the BSE, shares of these companies will trade ex-dividend during the next week. The ex-dividend date is when a stock begins trading without the entitlement to the declared dividend. To be eligible for the dividend, investors must hold the shares before this date. Companies, however, determine the final list of eligible shareholders based on their records on the record date. Among these, HDFC Asset Management Company has announced the highest dividend, with a final payout of ₹90 per share. The record date for this corporate action is Friday, June 6, 2025. This is followed by Nuvama Wealth Management, which has declared an interim dividend of ₹69 per share, with the record date set for Tuesday, June 3, 2025. Here's the complete list of stocks trading ex-dividend next week: Company Ex-date Purpose Record date Atishay June 3, 2025 Final Dividend - ₹1 June 3, 2025 Larsen & Toubro June 3, 2025 Final Dividend - ₹34 June 3, 2025 Nuvama Wealth Management June 3, 2025 Interim Dividend - ₹69 June 3, 2025 Sunshield Chemicals June 3, 2025 Final Dividend - ₹2.50 June 3, 2025 INOX India June 4, 2025 Final Dividend - ₹2 June 4, 2025 Seshasayee Paper and Boards June 4, 2025 Final Dividend - ₹2.50 June 4, 2025 Tata Motors June 4, 2025 Final Dividend - ₹6 June 4, 2025 Tata Consultancy Services June 4, 2025 Final Dividend - ₹30 June 4, 2025 Jindal Saw June 5, 2025 Final Dividend - ₹2 June 5, 2025 Rallis India June 5, 2025 Final Dividend - ₹2.50 June 5, 2025 Bank of Baroda June 6, 2025 Final Dividend - ₹8.35 June 6, 2025 Container Corporation of India June 6, 2025 Final Dividend - ₹2 June 6, 2025 East India Drums and Barrels Manufacturing June 6, 2025 Interim Dividend June 6, 2025 HDFC Asset Management Company June 6, 2025 Final Dividend - ₹90 June 6, 2025 High Energy Batteries India June 6, 2025 Final Dividend - ₹3 June 6, 2025 IFGL Refractories June 6, 2025 Final Dividend - ₹1 June 6, 2025 IndiaMART InterMESH June 6, 2025 Final Dividend - ₹30 June 6, 2025 IndiaMART InterMESH June 6, 2025 Special Dividend - ₹20 June 6, 2025 JSW Energy June 6, 2025 Final Dividend - ₹2 June 6, 2025 Dr Lal PathLabs June 6, 2025 Final Dividend - ₹6 June 6, 2025 L&T Technology Services June 6, 2025 Final Dividend - ₹38 June 6, 2025 Maithan Alloys June 6, 2025 Interim Dividend - ₹7 June 6, 2025 Nicco Parks & Resorts June 6, 2025 Interim Dividend - ₹0.40 June 6, 2025 QGO Finance June 6, 2025 Interim Dividend - ₹0.15 June 6, 2025 TAAL Enterprises June 6, 2025 Interim Dividend - ₹30 June 6, 2025 Tata Steel June 6, 2025 Final Dividend - ₹3.60 June 6, 2025 Technocraft Industries (India) June 6, 2025 Interim Dividend - ₹20 June 6, 2025
Mint
19-05-2025
- Business
- Mint
For asset managers, FY25 was a year worth forgetting. This year could be better.
Listed asset management companies witnessed slower growth in fourth-quarter revenue and profit amid a broader market correction that not only dampened investor sentiment but also squeezed earnings for fund managers. The aggregate profit after tax of India's top four listed asset managers declined 0.24% year-on-year in the March quarter, sharply lower than the 42% increase in their collective earnings a year earlier. Total revenue from operations grew 16.8% in the latest fourth quarter, slower than the 22% growth reported a year ago, showed a Mint analysis. Growth in their equity quarterly average assets under management (QAAUM) slumped to 22% in the fourth quarter from 63% a year ago. QAAUM is the average value of equity investments managed by a fund or asset management company over a three-month period. During the January-March quarter, HDFC Asset Management Company's equity QAAUM declined 4% from the preceding three months (October-December) to ₹4.6 trillion, while UTI AMC saw a sharper 6.2% drop to ₹90,800 crore. Nippon India Life AMC's QAAUM fell 4.7% to ₹2.7 trillion, and Aditya Birla Capital AMC's fell 5.7% to ₹1.7 trillion. Also read | HDFC AMC's valuation cooled off despite a strong quarter. Time to reconsider? 'Following the Nifty 50's all-time high on 27 September 2024, persistent market corrections created caution among investors," said Raj Gaikar, equity research analyst, SAMCO Securities. Global uncertainties, including concerns around US tariffs, further dampened sentiment, said Gaikar, adding that many investors chose to book profits or reduce positions for year-end tax planning, contributing to outflows. This would have led to the decline in equity AUM during the January-March quarter. That said, even with the market correction, growth equity schemes saw continued net inflows of ₹94,073 crore in the fourth quarter, up from ₹71,278 crore in the same year-earlier period, showed data from the Association of Mutual Funds in India (AMFI). However, inflows into new fund offers, or NFOs, and debt schemes were more modest, Centrum Institutional Research said in a report dated 10 May. NFOs in the equity segment remained subdued during the fourth quarter, with inflows of only ₹7,900 crore. On the fixed income side, debt mutual funds witnessed net outflows of ₹30,000 crore while liquid funds saw outflows of ₹49,800 crore. Also read | Invest in domestic businesses to insulate portfolio from uncertainty: CIO of Kotak AMC What's next? Analysts remain confident of strong mutual fund inflows in the current financial year. 'We expect mutual fund inflows to remain resilient in FY26, likely in the range of $40-45 billion," analysts at Bernstein said in a note to clients on 13 May. This, Bernstein said, will primarily be driven by steady systematic investment plan (SIP) contributions, with additional support from lump-sum investments expected in the second half of the fiscal year. Bernstein added that although monthly flows appeared weak during the March quarter due to a prolonged market correction, they had significantly outpaced expectations and were stronger than what is currently reflected in the flow growth of listed asset management companies. Alok Agarwal, head of quant and fund manager at Alchemy Capital Management, said the medium- to long-term outlook for the domestic AMC industry remains favourable due to low market penetration. 'With less than 6% of the population filing income tax returns and total unique equity folio holders estimated to be less than 5% of the population, there is significant headroom for growth, in our view," said Agarwal. Also read | Kotak AMC targets extra ₹800 cr for new credit fund after initial ₹1,200 cr raise As per capita income rises and mutual funds remain easy to access, investor participation in the equity market is expected to expand steadily, he said, adding that a structural tailwind is likely to drive strong long-term growth for the industry despite near-term volatility. Shweta Rajani, head of mutual funds, Anand Rathi Wealth Ltd, too, said that despite a slight moderation in inflows, net sales have remained stable, reflecting growing investor maturity as they continue to stay invested through market volatility. 'With global uncertainties easing and a potential US-China trade deal on the horizon, investor sentiment is improving," said Rajani. 'Since April, foreign flows have picked up, and domestic sentiment remains robust, supported by low inflation, strong GST collections, and fair valuations, which will likely lead to an uptick in domestic inflows going forward."
Mint
22-04-2025
- Business
- Mint
Navneet Munot's investment philosophy: Key takeaways from his journey
Navneet Munot, MD and CEO of HDFC Asset Management Company (HDFC AMC) is one of the most recognised names in India's mutual fund industry. He has over three decades of experience managing assets. Taking care of assets worth over ₹ 6 lakh crore, Munot has played an immensely important role in shaping up the investment landscape in India. He has also held several prominent positions at SBI funds management and Morgan Stanley investment management. His roles at these leading firms have contributed to the growth of the Indian financial sector. Serving as the Chairman of the Association of mutual funds in India (AMFI) he has also participated in key SEBI committees on ESG and market regulation. Now, at the core of Munot's investment strategy is the concept of STP. Further, STP stands for Sound investments, Time and Patience. He puts emphasis on long term, calm and disciplined investing over short term, thrill based speculation, stressing that wealth creation is a gradual process of taking several good investment decisions and is not about rushing with investments. This process of compounding wealth by thinking long term, benefits those who start with their investments early and remain committed. Munot's own investment journey started in the 1980s when Sensex was in its initial stages. Today the same index hovers around 79,500 levels. To further elaborate on the same and the role of compounding let us take a look at the past 5 year returns of Nifty 50: Year Nifty 50 (yearly return) 2025 1.66% (YTD) 2024 8.75% 2023 19.42% 2022 4.32% 2021 24.12% Source: PrimeInvestor The above data clearly directs investors to focus on the long-term compounding process instead of short term thrills. On a long term basis Nifty 50 generally compounds by 13-14%, that is why investors should keep these figures in mind while making investment decisions. Further, Munot's strategy elaborates on not only focusing on the process of compounding but also on the importance of composure, patience and staying invested in strong businesses that have delivered strong earnings. He has always encouraged new investors to stick to this simple investment strategy even during stock market corrections, volatility and economic downturns. Despite uncertainties related to Trump tariffs, US-China trade war and domestic market fluctuations, Munot has always stayed bullish on India's long-term growth potential. Indian equity markets are hence a stock picker's paradise if someone focuses on building knowledge, reading and understanding the fundamentals of the Indian economy. This simple idea has been elaborated by him through numerous press interactions. India's young population, demographic dividend and the ongoing economic reforms are key drivers of market potential and future growth possibilities. According to his thesis, It is also important to remember that market corrections in India present opportunities for those investors who can focus and identify undervalued stocks. The rapid financialisation of savings in India, with SIPs now contributing more than ₹ 24,000 crore in monthly inflows into mutual funds is also a crucial point to keep in mind while making investment decisions. Munot has long been a proponent of sensible investing, championing the integration of environmental, social and governance factors into his holistic investment thesis. He has been at the forefront of pushing for sustainable investment ideology in India during his association with SEBI as the chair of the first ESG committee. Through these ideas, investors can inculcate the habit of making sensible investment decisions while adhering to social responsibility norms and aligning with global standards. A key step in this particular process is to read and stay informed by reading extensively about the social, environmental and governance (ESG) aspects of investing and incorporating and inculcating these ideals into investment ideologies. Munot, like several other prominent investment leaders envisions India becoming a major player in the global investment ecosystem. Through his numerous media interactions he has projected that India's demographic dividend, coupled with its rapidly evolving digital infrastructure along with government led initiatives will create significant investment opportunities in the years to come. To make the most of this growth opportunity retail investors in India should diligently read, discuss with certified investment advisors, focus on the process of long term compounding and invest in businesses that can scale the numbers and deliver in the long run. SIPs have now turned a corner and are the real deal today in the country. The number of individuals opting for a disciplined and systematic approach towards investment have rapidly risen over the past few years. The major reason for this is both rising financial and digital literacy. Today with more than ₹ 24,000 crore flowing into mutual funds SIPs every month according to AMFI data, this trend is a major catalyst for the financialisation of savings in India. All sensible retail investors should read and understand this trend and apply the simple investment ideals shared by Munot to make considerable wealth in the years to come. The ideals of Munot as elaborated above are easy to replicate but difficult to sustain for longer periods of time. Still, if you can focus, select strong businesses, discuss with investment professionals and build a long-term portfolio. Post the same hold your ground for several years, then Indian equity markets can really transform your life as an investor. Hence, Navneet Munot's philosophy offers invaluable lessons for Indian investors. Particularly at a time when according to a recent report of SEBI 9 out of 10 individuals participating in F&O are losing big money. Not only this, the report further added that the aggregate losses of individual traders exceeded ₹ 1.8 lakh crores over the three - year period between FY22 and FY24. In such an explosive environment it becomes even more important for investors to learn and listen to the words of wisdom shared by reputable financial market leaders such as Navneet Munot and to practice sensible investing techniques after prudent discussions with their own financial advisor. Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers are advised to consult with a certified financial advisor before making any investment decisions. First Published: 22 Apr 2025, 09:56 AM IST
Business Standard
21-04-2025
- Business
- Business Standard
HDFC AMC rallies after Q4 PAT jumps 18% YoY to Rs 639 cr; declares final dividend of Rs 90/sh
HDFC Asset Management Company jumped 3.08% to Rs 4,346.15 after the company's standalone net profit rose 18.04% to Rs 638.73 crore on 20.46% surge in total income to Rs 1,025 crore in Q4 FY25 over Q4 FY24. Revenue from operations in the fourth quarter of FY25 stood at Rs 901.22 crore, registering a growth of 29.59% year on year (YoY). Profit before tax in the March 2025 quarter stood at Rs 835.34 crore, up by 23% YoY. Operating profit for the quarter ended 31 March 2025 was Rs 711.5 crore, up 36% from Rs 523.6 crore posted in the same period a year ago. The AMC had a QAAUM (quarterly average assets under management) of Rs 7,74,000 crore as of 31 March 2025 compared to Rs 6,12,900 crore as of 31 March 2024 and its market share was 11.5% in QAAUM of the mutual fund industry. QAAUM in actively managed equity-oriented funds, i.e., equity-oriented QAAUM excluding index funds, stood at Rs 4,60,900 crore for the quarter ended 31 March 2025, with a market share of 12.8%. The ratio of equity and non-equity oriented QAAUM is 64:36, compared to the industry ratio of 56:44 for the quarter ended 31 March 2025. As of March 2025, 70% of the companys total monthly average AUM is contributed by individual investors compared to 60% for the industry. According to the company, 10.98 million systematic transactions with a value of Rs 3,650 crore were processed during the month of March 2025. As on 31 March 2025, total live accounts stood at 23.3 million, and unique customers as identified by PAN or PEKRN stood at 13.2 million compared to 54.2 million for the industry, a penetration of 24%. On a full-year basis, the companys standalone net profit jumped 26.47% to Rs 2,461.05 crore on a 28.32% surge in total income to Rs 4,058.26 crore in FY25 over FY24. Meanwhile, the companys board has recommended a final dividend of Rs 90 per equity share for the financial year ended 31 March 2025, subject to approval by the shareholders at the upcoming Annual General Meeting. If approved, the final dividend will be dispatched or remitted within the applicable regulatory timelines following the Annual General Meeting. HDFC Asset Management Company (HDFC AMC) is the investment manager of HDFC Mutual Fund, one of the largest mutual funds in the country. The AMC has a diversified asset class mix across equity and fixed income/others. It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors, and national distributors.
