Latest news with #MTF
News18
2 days ago
- Business
- News18
HDFC Securities rolls out margin trading on ETFs
Agency: Mumbai, Jul 21 (PTI) HDFC Securities on Monday announced the launch of its margin trading facility (MTF) on Exchange Traded Funds (ETFs), allowing investors to leverage up to four times their capital through its InvestRight and HDFC SKY platforms. The facility covers 74 ETF schemes across major indices, sectors, commodities and international themes, with funding offered at competitive daily interest rates. The minimum margin requirement starts at 25 per cent and can go up to 40 per cent, depending on the scheme, HDFC Securities said in a statement. A dedicated section on the platforms enables users to track MTF positions in real time, it added. 'ETFs have gained significant popularity in India due to their straightforward nature, lower costs, and ease of understanding, making them attractive to a broad spectrum of market participants," Dhiraj Relli, MD & CEO, HDFC Securities, said. PTI HG MR MR 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.
Morocco World
5 days ago
- Business
- Morocco World
Morocco's 2030 World Cup to Create Over 100,000 Jobs Annually
Marrakech – Morocco's co-hosting of the 2030 FIFA World Cup alongside Spain and Portugal will generate more than 100,000 jobs per year and boost economic growth by 1.7%, Economy and Finance Minister Nadia Fettah announced Friday in Rabat. 'The economic benefits of co-organizing the 2030 World Cup have been rigorously modeled, with an estimated impact of 1.7% additional growth and the creation of over 100,000 jobs annually,' Fettah stated at the eighth Morocco Today Forum (MTF). The minister stressed that this momentum presents opportunities for both large Moroccan companies with the necessary scale to accelerate growth and for small and medium enterprises (SMEs) that must be fully integrated into this transformation. 'What we are experiencing today constitutes a transformation boulevard for our country, not on the horizon of 2030, but right now, serving a more inclusive future,' she added. Fettah noted that the World Cup co-hosting also offers a major opportunity to accelerate artisans' access to financial services through mobile banking while strengthening mobility and connectivity infrastructure essential for sustainable and equitable territorial transformation. Building trust in digital Morocco In the digital sphere, Amal El Fallah Seghrouchni, Minister Delegate for Digital Transition and Administrative Reform, outlined the foundations of a new service culture necessary to support this strategic project. She described three essential pillars: trust in digital technology, citizens' capacity to interact with digital tools, and accountability, which is crucial for evaluating public services. Regarding trust, 'we are currently working on the digital law, which will be proposed next fall after validation by the competent authorities, then submitted to Parliament,' Seghrouchni revealed. This law, developed in close collaboration with the National Commission for the Control of Personal Data Protection (CNDP), the General Directorate of National Security (DGSN), the General Directorate of Information Systems Security (DGSSI), and the Digital Development Agency (ADD), aims to establish a lasting climate of trust between citizens and digital services, she explained. The minister added that beyond training and awareness initiatives, her department is investing in generative artificial intelligence, an essential vector for democratizing digital access. World Cup as catalyst for growth Expanding on the economic benefits, Industry and Commerce Minister Ryad Mezzour pointed out that the mega-event drives public investments by offering enhanced visibility and stronger incentives across industrial sectors. 'Today, this unifying project accelerates our investments, particularly public ones, by offering better visibility and reinforced incentives for investment in various industrial sectors,' Mezzour said. He identified construction, railway, and airport sectors as prime candidates to attract investors, noting these sectors align with Morocco's structured development process that increasingly distinguishes itself through sustained growth and a recognized position among the world's most competitive economies. 'The challenge is to make the 2030 World Cup a sustainable transformation lever by mobilizing long-term investments that will allow Morocco to take a significant step in the Kingdom's development,' Mezzour explained. 2030: Morocco's strategic leap Contributing to the discussion, Fouzi Lekjaa, President of the 2030 World Cup Committee and the Royal Moroccan Football Federation (FRMF), affirmed that the joint organization of the World Cup will inject new momentum into infrastructure, economy, and employment while enhancing Africa's image globally. 'More than a football event, this World Cup is an institutional, economic, strategic, geopolitical, and civilizational occasion that serves as an accelerator of growth and ongoing transformations,' Lekjaa declared in an address read by Mouad Hajji, General Coordinator at FRMF. He clarified that this sporting event provides an exceptional platform to consolidate achievements, stimulate investments, strengthen infrastructure, modernize territorial governance, and cement Morocco's international influence. Lekjaa added that organizing this sporting event 'is neither coincidental nor a matter of circumstance but part of a clear strategic process guided by King Mohammed VI's enlightened vision.' On the international front, Miguel Angel Moratinos, UN High Representative for the Alliance of Civilizations, praised Morocco's profound transformations across various fields under Royal leadership. Speaking at the forum's opening, Moratinos expressed admiration for 'Morocco's progress path, aligned with the King's visionary guidance.' 'The 2030 deadline constitutes an opportunity for the Kingdom to continue its momentum of reforms and move forward in implementing its major development projects,' Moratinos stated. He added that for the UN, 2030 is a reference year to evaluate results of the 2030 agenda in various domains, particularly poverty elimination and education improvement, with Rabat poised to make important contributions to this international dynamic. The former Spanish foreign minister also mentioned growing support for Morocco's autonomy initiative to resolve the Sahara dispute, as evidenced by backing from numerous countries across different continents, including Spain. World Cup to boost GDP Shifting to the business perspective, Confederation of Moroccan Enterprises (CGEM) President Chakib Alj asserted that the projects and expected benefits from co-hosting would position Morocco as a key driver for the entire region. He urged the Moroccan private sector to fully seize opportunities in tourism, transport, and digital sectors. In the financial sector, Mohamed El Kettani, CEO of Attijariwafa Bank, declared that the Moroccan banking sector plays a central role in national economic advancement by mobilizing long-term financing for structural infrastructure projects and actively supporting economic modernization through public-private partnerships. At the government level, Head of Government Aziz Akhannouch characterized the tournament as more than a sporting event, calling it a 'strategic transformation accelerator' that consolidates Morocco's ongoing development. 'It's an opportunity to realize, at all levels, the Royal Will to consolidate the foundations of a dynamic, inclusive and sovereign Morocco,' Akhannouch stated in a video address. The scope of investment is substantial, with plans approaching MAD 500 billion ($50 billion), according to Mohammed Haitami, CEO of Le Matin Group, which organized the forum. Based on FIFA projections and macroeconomic analyses cited by Morocco's Ambassador to the United States Youssef Amrani, the World Cup could generate a direct and indirect impact equivalent to 4% of Morocco's GDP through investment, employment, tourism, and global image enhancement. The MTF 2025, themed 'Vision of a King – Morocco 2030: Consolidating the Foundations of a Great Nation,' brought together national and international decision-makers, researchers, and key figures from sports, economic, digital, and media sectors.
Morocco World
5 days ago
- Business
- Morocco World
World Cup 2030: Akhannouch Calls It ‘Strategic Transformation Accelerator'
Marrakech – Head of Government Aziz Akhannouch stated Friday that Morocco's co-hosting of the 2030 FIFA World Cup alongside Spain and Portugal represents far more than a global sporting event – it serves as a 'strategic transformation accelerator' for the North African country. Speaking via video address at the 8th Morocco Today Forum (MTF) in Rabat, the country's executive leader outlined the tournament's transformative potential. 'It's an opportunity to realize, at all levels, the Royal Will to consolidate the foundations of a dynamic, inclusive and sovereign Morocco,' he said. The forum, held under the patronage of King Mohammed VI, centered on the theme 'Vision of a King – Morocco 2030: Consolidating the Foundations of a Great Nation.' Akhannouch mentioned numerous projects either completed or underway throughout the country. These include internationally-compliant infrastructure, high-speed rail networks, major airport hubs, highways, urban ring roads, and tourism and hospital infrastructure. He added that Morocco's partners, including global leaders in their respective sectors and national businesses, are engaging with opportunities created by the country's openness to cutting-edge industries, clean energy, telecommunications, digitalization and other promising sectors. 'In many sectors, Morocco is moving toward becoming a continental, regional, and even international reference,' he continued. 'The organization of the 2030 World Cup will come to consolidate and accelerate this metamorphosis of Morocco under the enlightened leadership of King Mohammed VI,' Akhannouch asserted. The prime minister noted that sporting infrastructure is experiencing considerable development to meet top international standards. These facilities are designed not only to host major international sporting events but also to drive growth and social cohesion across multiple cities. He pointed out that the hotel sector is undergoing profound overhaul, supported by unprecedented growth in demand for Morocco as a destination, with a record 17.4 million tourists in 2024. 'It's about embodying tomorrow's Morocco' In his contribution to the forum, Youssef Amrani, Morocco's Ambassador to the United States, framed the 2030 World Cup as more than a privilege – it's 'a moral contract with oneself and with the world.' 'It's not about building a few stadiums or developing infrastructure. It's about embodying tomorrow's Morocco,' Amrani said. 'A horizon cannot be decreed. It must be prepared for, anticipated, and earned.' The MTF 2025 is structured around three key panels: placing human capital at the heart of development, accelerating sustainable and inclusive economic growth, and building a resilient 'Digital Nation.' Mohammed Haitami, president of Le Matin Group which organizes the forum, clarified that this prestigious global sporting event is not merely about hosting twenty football matches but driving a national leap forward. 'It's a unique opportunity to mobilize the country around a structuring project, to modernize our infrastructure, to converge our efforts toward the same goal,' Haitami explained. The planned investment approaches MAD 500 billion ($50 billion). The event is gathering national and international decision-makers, researchers, and key figures from the sports, economic, digital, and media sectors. High-level participation includes the Head of Government, six ministers, and Fouzi Lekjaa, president of the 2030 World Cup Committee, alongside Miguel Ángel Moratinos, former Spanish minister and current UN High Representative for the Alliance of Civilizations. Based on projections from FIFA and macroeconomic analyses cited by Ambassador Amrani, the World Cup could generate a direct and indirect impact equivalent to 4% of Morocco's GDP through investment, employment, tourism, and global image enhancement. Since its inception in 2016, the MTF has established itself as a space for strategic reflection aligned with the Royal Vision. Each edition produces a White Paper submitted to decision-makers as a contribution to national development strategy. Read also: Morocco Prepares for 2030 FIFA World Cup with New National Sports Foundation Tags: 2030 World CupAziz Akhannouch
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Business Standard
15-07-2025
- Business
- Business Standard
How to build a smart portfolio? Dhiraj Relli of HDFC Securities suggests
The integration of ETFs and MTF offers a compelling proposition: the ability to construct diversified, cost-efficient portfolios that are adaptable to market conditions India's investment landscape is undergoing a significant transformation, driven by technological advancements, evolving investor preferences, and innovative financial products. Among these, Exchange Traded Funds (ETFs) and Margin Trading Facility (MTF) are emerging as powerful tools that, when combined, offer a smarter, more flexible approach to portfolio construction. This synergy enables investors to navigate today's dynamic markets with efficiency, agility, and strategic precision. Over the past five years, ETFs have transitioned from niche investment products to mainstream constituents of Indian portfolios. According to data from the Association of Mutual Funds in India (AMFI), as of June 2025, assets under management (AUM) in ETFs have soared to approximately Rs. 9.24 trillion, a fourfold increase from approximately Rs. 1.86 trillion in June 2020. This meteoric rise reflects a confluence of factors: the allure of low-cost passive investing, transparency, liquidity, and an increasing awareness of diversification benefits among retail and institutional investors alike. Equity ETFs dominate the segment, with assets exceeding Rs. 7.4 trillion, capturing investor confidence in India's economic growth story. Debt ETFs have accumulated around Rs. 97,000 crore, appealing to risk-averse investors seeking stability. Gold ETFs, serving as a safe haven amid global uncertainties, have crossed Rs. 64,000 crore in AUM. The expansion of thematic and smart beta ETFs—strategies that deviate from traditional market-cap weighting—has further enriched the investment landscape, catering to investors seeking tailored exposure aligned with specific themes or factors. Retail participation has also seen robust growth, with retail AUM having tripled between March 2020 and March 2025, growing from Rs. 5,335 crore to over Rs. 17,800 crore, driven by digital platforms providing seamless access to a broad spectrum of ETF products. Institutional investors have ramped up their ETF holdings as well, and this institutional endorsement underscores ETFs' credibility as a strategic component of long-term asset allocation. Amplifying returns with Margin Trading Facility (MTF) While ETFs provide a cost-effective and transparent avenue for diversification, MTF introduces an additional layer of strategic flexibility. By allowing investors to borrow funds to purchase securities, including ETFs, MTF enables leveraged investing. When used prudently, this approach can magnify gains, provided risk management principles are rigorously adhered to. The combination of ETFs and MTF is particularly compelling because it facilitates broad market exposure with leverage, reducing the concentration risk associated with individual stocks. For example, an optimistic investor with a positive outlook on India's growth trajectory might choose to buy units of a Nifty 50 ETF using MTF. This strategy offers instant diversification across 50 of India's leading companies and amplifies market exposure without requiring additional capital upfront. The liquidity and real-time pricing of ETFs ensure that positions can be adjusted swiftly in response to market movements, while daily mark-to-market settlements provide transparency and control over leverage-related risks. Data-driven growth The momentum behind ETFs and MTF is evident. The share of ETFs within total mutual fund AUM has nearly doubled since 2020, now accounting for approximately 12.4 per cent of total mutual fund AUM. Industry forecasts project strong growth over the next several years, driven by regulatory support, fintech innovations, and rising investor education. Smart beta and thematic ETFs are poised to become even more prominent as investors seek strategies aligned with specific risk profiles, ESG considerations, or thematic preferences. Advances in digital infrastructure will continue to democratize access to sophisticated tools like MTF, allowing both retail and high-net-worth investors to build more nuanced, resilient portfolios. Building smarter portfolios To leverage the combined potential of ETFs and MTF effectively, investors must adopt a disciplined and strategic approach. It begins with aligning leverage strategies with individual risk tolerance, investment horizon, and financial objectives. Selecting ETFs with high liquidity and low tracking error is essential to ensure efficient execution and minimised deviation from benchmark indices. Moreover, understanding the interest costs associated with MTF is crucial, as these can impact net returns, especially over longer holding periods. The integration of ETFs and MTF offers a compelling proposition: the ability to construct diversified, cost-efficient portfolios that are adaptable to market conditions. This approach not only enhances growth prospects but also fosters prudent risk management, enabling investors to navigate volatility with confidence.
The Star
12-07-2025
- Automotive
- The Star
‘Suspend drivers' vocational licences only for fatal accidents'
PETALING JAYA: The vocational licences of errant drivers involved in road accidents should only be suspended if there are fatalities, says the Malaysia Trucking Federation (MTF). Its president Datuk Ng Koong Sinn noted that punitive measures will serve as a deterrent to prevent mishaps and help inculcate a sense of responsibility among road users. 'However, we are of the view that suspensions should only be enforced in cases where lives have been lost. 'While JPJ (Road Transport Department) may wish to impose penalties on these offenders, we appeal for these actions to be balanced with compassion. 'In fact, the number who engage in dangerous driving is relatively small compared to the majority of law-abiding drivers. 'Unfortunately, these errant drivers have tarnished the image of the industry with their reckless behaviour. 'In this respect, we support the idea that suspensions should only be lifted once the driver has demonstrated competency through defensive driving training,' Ng said in a statement. He was responding to the announcement by JPJ that it will suspend the vocational licences of commercial vehicle drivers involved in road accidents until investigations are completed. Ng said the issuance of driver cards accompanied by JPJ's inspections and safety audit system, known as Jisa, is a further positive step toward building a comprehensive driver database. 'With this system in place, traceable records of drivers, including accident history, drug and alcohol abuse as well as criminal records, will be readily accessible. 'This will serve as a preventive measure to ensure unscrupulous drivers are not allowed behind the wheel. 'We believe our practices such as managing drivers' hours of service, enforcing blackout periods from midnight to five in the morning and thorough route planning have helped us address driver fatigue. 'We will continue to encourage our members to adopt this safety culture and work to change the public perception of heavy vehicles,' said Ng. On July 6, JPJ director-general Datuk Aedy Fadly Ramli said that to ensure commercial vehicle drivers are competent, suspended individuals must pass a refresher course before their licences are reactivated or removed from the suspension list.
