Latest news with #UPI-based
Mint
6 days ago
- Business
- Mint
Mutual funds, retail investors raise stake in this mid-cap multibagger stock in Q1. Do you own it?
Mutual funds have increased their stake in Computer Age Management Services (CAMS)—India's largest registrar and transfer agent for mutual funds—during the first quarter of the current fiscal year (Q1FY26). As of the end of June 2025, 33 mutual funds collectively held an 11.4% stake in CAMS, equivalent to 56 lakh shares. This marks a notable increase from the 10.69% stake held at the end of the March quarter, according to shareholding data from Trendlyne. Meanwhile, Life Insurance Corporation of India (LIC) also held a 2.85% stake in the company. Key mutual funds currently invested in the stock include Canara Robeco Small Cap Fund, UTI Mid Cap Fund, Axis Small Cap Fund, and ICICI Prudential Innovation Fund. Retail investors, similar to mutual funds, also increased their stake in the company to 30.7%, up from 28.3% in the March quarter. Foreign investors, on the other hand, trimmed their stake to 52% from 55% in Q1FY25. CAMS holds a 68% market share among registrars and transfer agents in the mutual fund industry, based on mutual fund average assets under management (AAUM). It services 26 out of 50 fund houses, including 10 of the top 15 mutual funds. In FY25, CAMS managed about 132 new fund offers, mobilizing a cumulative amount of ₹ 73,400 crore. The growth in mutual fund AUM has gained momentum, supported by consistent SIP inflows and mark-to-market (MTM) gains. Domestic brokerage firm Motilal Oswal expects this trend to continue, driven by the increasing adoption of mutual funds as a preferred savings product. Direct investing through discount brokers has also grown in popularity, and with mutual fund penetration still at just 4%, the brokerage expects this growth trajectory to be sustained. CAMS Pay recorded significant growth in UPI-based mandate registrations, rising 25% quarter-on-quarter in Q4FY25. As UPI AutoPay becomes the preferred method for SIPs and recurring purchases, CAMS is well-positioned as a key infrastructure partner for AMCs and distributors. With strong backend integration, CAMS Pay is emerging as a critical component of the recurring digital payments infrastructure for the financial services sector. Despite several tailwinds for the company, the brokerage has largely maintained its earnings estimates for FY26 and FY27. It believes that healthy AUM growth and increasing traction in non-mutual fund segments will offset the decline in yields, as indicated by the management. The brokerage expects CAMS' revenue and PAT to grow at a CAGR of 11% and 12%, respectively, over FY25–FY27E. It has retained a BUY rating on the stock with a one-year target price of ₹ 5,000, based on a P/E multiple of 42x on FY27E earnings. The company's shares made a strong comeback in March 2025 after witnessing severe selling pressure in the preceding two months. From the February low of ₹ 3,126, the stock has gained 64%, ending the last four months in the green. Over the past three years, the shares have more than doubled. In December, the stock crossed the ₹ 5,000 mark for the first time, hitting a fresh all-time high of ₹ 5,367 apiece. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
7 days ago
- Business
- Mint
Get iPhone 16 under ₹20,000? Here's how the deal works
In a major boost for smartphone shoppers, Flipkart has launched exciting deals on the latest iPhone 16 series as part of its ongoing GOAT Sale 2025. The much-anticipated iPhone 16 (128GB variant) is now available at a special price of ₹ 69,999, down from its original retail value of ₹ 79,900. Interestingly, the e-commerce platform is offering multiple ways for consumers to maximise their savings. In addition to the flat price drop, customers can also benefit from exchange offers of up to ₹ 59,700, subject to eligibility and the condition of the old device. Moreover, those making purchases using an Axis Bank Credit Card, specifically for non-EMI transactions, can enjoy an extra discount of ₹ 3,000. Flipkart has also partnered with other leading banks, including HDFC Bank and IDFC First Bank, to extend up to 10 per cent instant savings on qualifying card payments. Shoppers looking to further reduce their final bill can take advantage of UPI-based payment offers or redeem Flipkart SuperCoins for additional benefits. Apple's latest flagship, the iPhone 16, boasts a 6.1-inch Super Retina XDR OLED display with Ceramic Shield protection for enhanced durability. It runs on the new iOS 18 operating system and is powered by the cutting-edge A18 chipset, coupled with 8GB of RAM. In terms of optics, the base model comes with 128GB of internal storage, with options going up to 512GB for higher variants. Photography enthusiasts will appreciate the 48MP main camera and 12MP ultra-wide sensor on the rear, while a 12MP front-facing camera handles selfies and video calls.
Mint
7 days ago
- Business
- Mint
Get iPhone 16 under ₹20,000? Here's how the deal works
In a major boost for smartphone shoppers, Flipkart has launched exciting deals on the latest iPhone 16 series as part of its ongoing GOAT Sale 2025. The much-anticipated iPhone 16 (128GB variant) is now available at a special price of ₹ 69,999, down from its original retail value of ₹ 79,900. Interestingly, the e-commerce platform is offering multiple ways for consumers to maximise their savings. In addition to the flat price drop, customers can also benefit from exchange offers of up to ₹ 59,700, subject to eligibility and the condition of the old device. Moreover, those making purchases using an Axis Bank Credit Card, specifically for non-EMI transactions, can enjoy an extra discount of ₹ 3,000. Flipkart has also partnered with other leading banks, including HDFC Bank and IDFC First Bank, to extend up to 10 per cent instant savings on qualifying card payments. Shoppers looking to further reduce their final bill can take advantage of UPI-based payment offers or redeem Flipkart SuperCoins for additional benefits. Apple's latest flagship, the iPhone 16, boasts a 6.1-inch Super Retina XDR OLED display with Ceramic Shield protection for enhanced durability. It runs on the new iOS 18 operating system and is powered by the cutting-edge A18 chipset, coupled with 8GB of RAM. In terms of optics, the base model comes with 128GB of internal storage, with options going up to 512GB for higher variants. Photography enthusiasts will appreciate the 48MP main camera and 12MP ultra-wide sensor on the rear, while a 12MP front-facing camera handles selfies and video calls. Powering the Apple device is a 3561mAh battery that supports both 25W wired and wireless charging, promising improved efficiency and longevity. The iPhone 16 is available in a range of colour choices including Ultramarine, Pink, White, Black, and Teal.
Hans India
14-07-2025
- Business
- Hans India
GST notices to small traders spark concern
Bengaluru: Small businesses across Karnataka — including tea stalls, bakeries, salons, and local eateries — have raised concerns after receiving GST notices based on their UPI transaction volumes. The Commercial Tax Department has issued these notices to entities whose annual digital receipts exceeded ₹40 lakh for goods or ₹20 lakh for services, even if they are not GST-registered. Tax consultants are urging affected traders to respond to the notices within the stipulated deadline to avoid penalties and interest. 'Traders need not panic or pay tax immediately. But they must respond with proper transaction details to the department, either online or in person,' said M Chandrashekhar of Regina GST Consultants. He added that not all UPI-based business receipts were taxable under GST, and correct classification of goods and services could significantly reduce liability. For instance, bread is tax-exempt while packaged snacks attract 5% GST. Experts also recommended eligible traders to register under the GST Composition Scheme. 'Those with turnover below Rs1.5 crore can opt for the scheme and pay only 1% tax, though they cannot claim input tax credit,' explained Madhukumar D of U Rao & Associates. To address confusion, the Commercial Tax Department clarified that the notices are based on verified UPI data from 2021–22 to 2024–25 and are intended only for those exceeding the turnover threshold. 'We're not targeting small traders arbitrarily,' said a senior official. 'If eligible, they can regularise their status under the Composition Scheme.' Traders can visit for registration and guidance. Experts and officials have jointly urged timely compliance to avoid legal complications and ensure continued business operations.
New Indian Express
12-07-2025
- Business
- New Indian Express
GST notices based on UPI data: Tax department
BENGALURU: Following reports of notices issued to small traders by the Commercial Tax Department, the state government clarified on Friday that the action was based on data collected from Unified Payments Interface (UPI) service providers to ensure compliance with Goods and Services Tax (GST) laws. Under the GST Act, in force since July 1, 2017, suppliers with an annual turnover exceeding Rs 40 lakh (for goods) or Rs 20 lakh (for services) are required to register for GST. This turnover includes both taxable and exempt goods and services, although tax is applicable only on taxable items. The department said while essential items like bread are exempt from GST, packaged snacks attract a 5% tax. It said UPI-based transaction data from 2021–22 to 2024–25 showed that many traders had received over Rs 40 lakh via UPI alone, excluding cash and other payment methods, indicating even higher total turnover. Based on this data, the department issued notices to traders. ENS
