Latest news with #RakeshPrajapati
Time of India
07-06-2025
- Politics
- Time of India
State Information Commission recommends cyberfraud cases to be brought under RTI purview
Ahmedabad: The State Information Commission has recommended to the state home department that cyberfraud cases be brought under the purview of the Right to Information Act. It suggests supplying details about cyber offences and investigations to complainants by making amendments in the notification. Tired of too many ads? go ad free now At present, the cybercrime cell refuses to share details about investigations and progress made in cyberfraud cases, citing that the cell functions under CID (Crime), which is exempted from the obligation of furnishing information under the provisions of Section 24 of the Act. Information Commissioner Nikhil Bhatt has suggested the state govt withdraw the investigation of cyberfraud cases from the exemption granted to CID (Crime) by making amendments in its gazette notification of Oct 25, 2005, under the provisions of Section 25(3)(j) of the Act. The commission further stated that the govt has granted exemption to the local crime branch and crime branch in rural and urban areas from RTI obligations. It has recommended the withdrawal of this exemption in connection with these agencies as well, as far as cybercrime complaints are concerned. It has sought a periodic report of progress in this direction if the home department agrees to do it. "If the amended notification is issued by the state govt as recommended by the commission, a copy of it shall be sent to the commission," the order reads. The commission's recommendation came after one Rakesh Prajapati, a complainant in a cyberfraud case, sought details under RTI provisions regarding progress in the investigation of his case. However, he was denied the information by the authorities on the grounds that the cybercrime cell functions under CID (Crime), which is exempted from RTI obligations. The commission said that innocent citizens lose their hard-earned savings in cyberfraud, and they file complaints with the Cybercrime Cell. Tired of too many ads? go ad free now They are eager to know when they will get their money back and what action has been taken on their complaints. Upon denial of such information, they feel dejected. "This commission firmly believes that information related to cyber offences registered with the Cybercrime Cell, which functions under CID (Crime) at present, should be shared with the victims of cyberfraud. " The commission further said that CID (Crime) probes sensitive cases and hence is exempted from RTI purview. However, cyberfrauds are less serious in nature and it is not a "core activity" of CID (Crime). Moreover, the Cybercrime Cell was not in existence when CID (Crime) was exempted from RTI obligations. "The commission does not agree with the decision of not sharing information related to cyberfrauds under the guise of secrecy or by taking the shield of exemption granted under Section 24 of the RTI Act," it said.
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Business Standard
02-06-2025
- Business
- Business Standard
New to Midcaps? Tata's Passive fund offers low-cost, diversified exposure
Tata Asset Management on Tuesday launched a new passive fund that gives investors a low-cost way to ride the midcap growth wave. The Tata Nifty Midcap 150 Index Fund, open from June 2 to June 16, 2025, tracks a diversified portfolio of mid-sized companies that are rapidly gaining market share across sectors. What is it? This is a passive index fund that aims to mirror the performance of the Nifty Midcap 150 Index, which includes 150 mid-sized companies across 20 sectors. These are businesses that are not yet giants like large caps but have shown consistent growth and potential. Key dates: NFO (New Fund Offer) period: June 2 to June 16, 2025 Minimum investment: ₹5,000 (and in multiples of ₹1 thereafter) Exit load: 0.25% if redeemed within 15 days Why Midcaps Matter to You Midcap companies often lie at the heart of India's economic momentum — they're agile, growth-oriented, and often industry leaders in the making. Historically, midcaps have outperformed both large caps and small caps: 1-year rolling return: Midcap index delivered 21.89%, vs 16.37% by Nifty 50 3-year rolling return: Midcaps returned 15.8%, vs 12.38% by large cap (Source: NSE, ICRA-MFI, Apr 2005–Apr 2025) What you are investing in: This open-ended index fund mirrors the Nifty Midcap 150 Total Return Index (TRI), offering exposure to 150 mid-sized companies ranked 101st to 250th by market cap in the Nifty 500 universe. Fund Managers: Kapil Menon & Rakesh Prajapati (combined 40+ years of experience) Why choose this fund? Diversification: The fund offers exposure to 74 industries, including those not represented in large-cap indices — like chemicals, realty, capital goods, and more. Growth Potential: Over the last five years, 17 midcap companies graduated to the large-cap category, showing the potential for wealth creation. Lower Costs: Being passively managed, it avoids the higher fees of actively managed funds. Risk-Spreading: Instead of betting on one stock, your money is spread across 150 companies. Plus, it avoids stock-specific risks. Who should invest? Long-term investors looking to benefit from India's evolving economic landscape Investors who prefer low-cost, rule-based investing Those seeking diversification beyond blue-chip stocks SIP (Systematic Investment Plan) investors aiming for compounded returns over 5–10 years Point to note: Midcap investments come with higher short-term volatility. Stay invested long enough to ride out the ups and downs. 'Midcaps represent India's growth frontier. Through the Tata Nifty Midcap 150 Index Fund, investors can get access to potential growth sectors and companies that are integral to India's next phase of economic expansion,' said Anand Vardarajan, Chief Business Officer, Tata Asset Management. 'The fund is suitable for long-term investors seeking a blend of growth and diversification, backed by discipline of passive investing.' The Nifty Midcap 150 index comprises companies across 20 sectors and 74 basic industries. "Notably, 39 industries present in the midcap space but absent in the large cap space, account for over 40% of the total weight of the index, highlighting the unique diversification benefit that the segment offers. Nifty 100 is considered as a universe for large caps and Nifty Midcap 150 is considered as universe for mid-caps). Over the past five years, 17 companies from the midcap segment have transitioned into large caps, illustrating the segment's capacity to aim for wealth creation," the company said in a release. Why Midcaps Make Sense in 2025 While large caps offer stability, midcaps provide growth. These are companies typically valued between ₹33,000 crore and ₹1 lakh crore—big enough to be established, but small enough to grow rapidly. Key insights from the fund presentation: Midcaps have historically outpaced GDP growth, with their market cap-to-GDP ratio doubling in the last 10 years. They are less sensitive to foreign investor outflows compared to large caps, as promoter holding is higher (~55%). In the last 5 years, 17 midcap companies became large caps, showcasing the segment's transition power.
