Latest news with #NishitPatel
Time of India
21-05-2025
- Business
- Time of India
NFO Monitor: ICICI Prudential Mutual Fund launches Nifty200 Quality 30 Index Fund
ICICI Prudential Mutual Fund announces the launch of the ICICI Prudential Nifty200 Quality 30 Index Fund , an open - ended index scheme replicating Nifty200 Quality 30 Index. This strategy is built on the 'Quality' factor, one of the foundational pillars of factor investing, which emphasises investing in financially sound businesses with strong fundamentals. The new fund offer or NFO of the scheme is open for subscription and will close on June 4. Also Read | NFO Insight: Can Motilal Oswal Services Fund help you gain stability and long-term growth potential? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Factor investing in general targets key performance drivers such as quality, momentum, low volatility, value, and size to optimise returns while managing risk. This new scheme aims to provide investors with access to a curated portfolio of 30 companies from the Nifty 200 universe that scores high on key quality parameters, including return on equity, a low debt-to-equity ratio, and stable earnings growth. 'Through this product, we aim to offer investors a scheme that brings together the core principles of quality investing—resilience, efficiency, and relative stability. This scheme is suitable for those looking to build long-term wealth using a transparent, rule-based approach that has historically performed well during market downturns,' said Abhijit Shah, Chief Marketing and Digital Business Officer at ICICI Prudential AMC. Live Events The exit load is nil. The minimum amount for SIP investment is Rs 1,000 with minimum six installments. The scheme will be benchmarked against Nifty200 Quality 30 TRI. The scheme will be managed by Nishit Patel and Ashwini Shinde. Also Read | 27 equity mutual funds offer over 25% CAGR in both 3 and 5 years. Have you added any to your portfolio? The Scheme provides investors an opportunity to build long-term wealth by owning a portfolio of fundamentally strong companies, particularly at a time when quality stocks are available at reasonable valuations. It follows a passive, rules-based strategy that replicates an index which selects 30 high-quality stocks from the Nifty 200 universe, ensuring transparency and discipline in portfolio construction.
Time of India
25-04-2025
- Time of India
Gujarat man using fake Portuguese passport to travel to UK since 2009 held in Delhi
Ahmedabad: A man from Gujarat's Kheda district who had been travelling to the United Kingdom using forged documents and a fake Portuguese passport since 2009 was apprehended at the Indira Gandhi International (IGI) Airport in Delhi early this month. The man stole the identity of an Indian with Portuguese roots and was travelling between India and London via Nepal for the past 15 years, said the police FIR. The accused, Nishit Patel , is a resident of Chaklasi town in Kheda district. According to the FIR registered at IGI Airport Police Station, Patel was arrested on April 5 during an immigration check after arriving in Delhi. He was carrying an Indian voter identity card. During questioning, immigration officers found irregularities in his travel history and documents. The investigation revealed that Patel first travelled to the United Kingdom on Sep 10, 2009, using his Indian passport. Later, he obtained a Portuguese passport by forging the identity of one Ritesh Bicu, who was born in India but had Portuguese roots. Patel used Bicu's identity to obtain documents and travelled between London and India using the counterfeit Portuguese passport several times. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like In Gelnhausen steigt das Interesse an diesem Männer-Booster Welness Today Online Learn More Undo To avoid Indian immigration scrutiny, Patel had been using the Nepal route since 2009. He would travel from India to Nepal using his voter ID card and then continue his onward journey from Nepal to London using his Portuguese passport. This time, however, he entered India through a legal route via Delhi, where he was caught. The FIR also mentions that Patel forged documents, including a marriage certificate that falsely showed Ritesh Bicu was married to Khushbu Patel — who is actually Nishit Patel's wife. Patel was booked under various sections of the BNS for forgery, cheating, and misuse of identity documents, along with charges under the Passports Act. The case was registered after immigration officials filed a formal complaint. Officials have seized several documents, including the fake passport, voter ID, boarding pass, marriage certificate, and a Nepal visa, for further examination.
