Lucknow Stock：In Photos： Inside Air India’s New Airbus A350

In Photos： Inside Air India's New Airbus A350

The static display featured Air India’s recently acquired A350-900 aircraft at this year’s Farnborough Airshow. The aircraft presented was VT-JRH, their sixth A350 in the fleet. This new-generation plane displayed a version of AI’s latest cabin design. However, the experience of flying in the new Maharajah class still needs to be fully revealed. So, before we hop onboard, let’s find out why.

In 2023, Air India, the national airline of India, introduced a refreshed brand image to mark its reintegration into the TATA Group. This makeover included the launch of new uniforms, a redesigned livery, and the announcement of several new aircraft orders. Air India plans to update its fleet by adding Airbus A350s (including the -900 and -1000 models), Boeing 777Xs, and Boeing 737 MAX aircraft. It will soon also merge with Vistara.

The airline acquired Airbus A350 aircraft initially intended for its Russian counterpart, Aeroflot. However, due to unavoidable circumstances, Aeroflot could not deliver these aircraft. To expedite the delivery process, the airline retained the aircraft interior but modified the fabrics and color palette to reflect its brand image and identity better.

For our readers who collect registrations, the unique aircraft to look out for are:

VT-JRA VT-JRB VT-JRE VT-JRF VT-JRH VT-JRI

As press members, Simple Flying journalists were invited to visit the Air India aircraft – a unique opportunity to capture the rebirth of one of Asia’s legacy flag carriers.Lucknow Stock

The media tour participants waited for airline representatives in front of the aircraft, which was painted in the brand new livery—bold red titled “AIR INDIA” with a golden swoosh going from underneath the nose to the tail.

The group climbed the staircase and stepped through the cabin’s front door. They were warmly welcomed by attentive staff members eager to showcase the new business class product. They also demonstrated some of the upcoming first class amenities and provisions on the business class seat.

The initial detail that immediately caught our attention was the ambiance created by the mood lighting. It was illuminated in the colors of the Indian flag, effectively setting the tone for both the destination and the cultural experience that awaited us onboard.Mumbai Wealth Management

Passengers traveling in this class can expect privacy with suites featuring sliding doors, a high-res screen, a touchscreen remote control, and a lie-flat bed. For those looking to get some shut-eye, the cushion rolls out to become a mattress!

Gone are the 2-2-2 seats that do not offer direct aisle access, replaced with a more intimate 1-2-1 configurationNew Delhi Investment. The seat chosen for this cabin is the Collins Aerospace Horizon, of which the cabin has 28.

There is ample storage, with a small wardrobe available to put away jacketsBangalore Wealth Management. This innovation ensures that there won’t be clutter while lying back.

Located just behind the business class section, after doors 2, you’ll find the all-new premium economy class. This section features a spacious 2-3-2 configuration, allowing passengers extra comfort and space.

Each seat has recliners that enable passengers to adopt a relaxing lounging position, enhancing the overall flight experience. According to Aerolopa, the seats are 24 Collins Aerospace MiQs.

The seats in this class may resemble economy class at first glance, but upon closer inspection, passengers will notice additional features that set them apart. However, the real differentiator is the exceptional service offered in this class. Like business class, passengers can expect a premium dining experience complete with cutlery, although the meals may not be served on traditional ceramic plates. Nonetheless, visually, the dining experience will still exude a sense of luxury and exclusivity.

In the aircraft’s aft section, you will discover the economy class seating directly following the premium economy area. These seats are specifically Aspire models manufactured by Collins Aerospace. The seating configuration features 264 seats arranged in a 3-3-3 layout.

In this section, the airline places a strong emphasis on sustainability without compromising on comfort. The seats are designed to be lightweight, enhancing passenger comfort and contributing to fuel savings. Additionally, the meals are served with cardboard cutlery, a conscious effort to reduce pollution by minimizing the use of plastics. It’s important to note that this sustainability focus increases the quality of the service. Similar to the offerings on previous Air India flights, passengers can still expect to enjoy delicious Indian cuisine on their journey to their final destinations.

Air India has done a commendable job customizing Aeroflot’s hard product to make it their own. The cabin design seamlessly integrates the airline’s identity, and there are no visual indications of its previous ownership. The attention to detail is such that most passengers would not even realize that the aircraft is not fresh off of the assembly line.

New Delhi Stock Exchange

Udabur Wealth Management：What you can do with your pension pot

What you can do with your pension pot

This page applies to ‘defined contribution’ pensions. ‘Defined contribution’ pensions are built up over time by you or your employer making regular payments into it. The total amount of money you have for your retirement depends on how much was paid into the pot and how the fund’s investment performed. Check with your pension provider if you’re not sure what type of pension you have.

The earliest you can start getting a defined contribution pension is usually when you’re 55 – you should check this with your pension provider. You might be able to get your pension sooner if you’re retiring due to ill health.

You should get financial advice before making decisions about your personal or workplace pension. You might have to pay for financial advice but it can save you money long term.

You have a number of options for how to access the money in your pension pot. Your options for taking your personal pension are:

take some or all of your pension pot as a cash lump sum, no matter what size it is

buy an annuity – you can take a cash lump sum too

take money directly from the pension fund, and leave the rest invested (income drawdown) – there won’t be any restrictions for how much you can take

a mix of these options

It’s important to know the different tax rules for each option.

You can take your whole pension pot as cash straight away if you want to, no matter what size it is. You can also take smaller sums as cash whenever you need to.

25% of your total pension pot will be tax-freeUdabur Wealth Management. You’ll pay tax on the rest as if it were income.

If you take smaller sums of money at different times, 25% of each sum is tax free.

Any taxable money you take from your pension will be added to your other income for that year and taxed at the relevant income tax band. This may take you into a higher tax bracket than normal.

You can use your pension pot to buy an annuity from an insurance company.

An annuity is an annual income that will be paid to you for the rest of your life.

You can take some of your pension fund as a tax-free cash sum and buy an annuity with the rest.

There are many types of annuity available to buy – you should shop around to find the best one that suits you.

Check guidance on buying an annuity on MoneyHelper.

You can’t usually change your mind once you’ve bought an annuity.

Income drawdown lets you take an income from your pension pot, while the rest is left invested. You should check with your pension provider to see if they offer income drawdown – some won’t offer it.

There are no restrictions on the amount you can take using income drawdown.

You can still take 25% of your pension pot as a tax-free lump sum.

You’ll be able to mix any of these pension options at different times in your retirement. For example, you can take some cash from your pot first and buy an annuity later.

Pension scams have become more common since April 2015, when new rules allowed people to take some or all of their pension pot as a lump sum. These scams are fake investments designed to con you out of your money. They are often extremely convincing and anyone can be caught out.

Check the signs of a pension scam on MoneyHelper.

Some benefits are worked out based on how much income and capital you have – these are called ‘means tested benefits’. Capital is money you have in your savings and investments. Means tested benefits include:

Housing Benefit

Income Support

income based Jobseeker’s Allowance

income related Employment and Support Allowance

Pension Credit

Taking money out of your pension could affect your eligibility for these benefits.

The rules are different depending on if you’ve reached State Pension age. State Pension age isn’t the same for everyone – it depends on when you were born and your sex. You can work out when you’ll reach State Pension age on GOV.UK.

If you apply for means tested benefits, money from your pension that you would be entitled to (as well as any money that you withdraw) will be considered when working out your capital and income.Hyderabad Wealth Management

If you already get means tested benefits they could be reduced or stopped if you don’t take money out of your pension that you’re entitled to take. If you don’t take money out, you will be treated as having ‘notional income’, which means this money will affect your entitlement to benefits.

If you take a lump sum amount from your pension and spend it quickly then apply for benefits, you might not be eligible because the money you’ve taken from your pension could be counted as ‘notional capital’ – this means it’s counted as capital when working out if you’re eligible for benefits.

So you should consider the following when deciding whether to take money out of your pension pot:

if you take income from your pension pot, the amount will be considered when working out if you’re eligible for means tested benefits – so your entitlement will reduce or you could lose your eligibility

if you are entitled to take income from your pension and choose not to take it you will be treated as having notional income

the more capital or income you take at once the more it will affect your entitlement

any money you take out as a lump sum could mean your entitlement gets reassessed

if you spend a lump sum quickly and become entitled to more benefit as a result the benefit decision maker could decide your motivation for spending the money was to make sure it didn’t affect your means tested benefits, you could be seen to still have the money and have your benefits reduced or lose benefits

Only the money you actually take out of your pension is counted as income or capital, not the full amount that you’re entitled to take. The rules are the same otherwise. This means:

money you take out of your pension will be considered as income or capital when working out your eligibility for benefits – the more you take the more it will affect your entitlementJaipur Wealth Management

if you already get means tested benefits they could be reduced or stopped if you take a lump sum from your pension pot

if you already get benefits, any money you take out and spend quickly could mean your entitlement gets reassessed

if the benefit decision maker decides a your motivation for spending the money was to make sure it didn’t affect your means tested benefits, you could be seen to still have the money and have your benefits reduced or lose benefits

You can use the Turn2us benefits calculator to check which benefits you can get. You can also get financial advice.

Pension Wise is a free and impartial service to help you understand what your pension options are.

You can find out about Pension Wise on the MoneyHelper website.

You can book a free appointment with a pensions guidance specialist who will talk through your pension options with you. Appointments will be either over the phone or face to face with specialists from The Pensions Advisory Service and Citizens Advice.

An appointment will be relevant to you if:

you have a defined contribution pension pot

you’re approaching retirement or 50 or over

Book a Pension Wise appointment on the MoneyHelper website, or call 030 0330 1001 between 8am and 8pm, Monday to Friday. You can also book an appointment by visiting your nearest Citizens Advice.

You should get financial advice before making a decision about how to take your pension pot. You might have to pay for financial advice, but it can save you money in the long term.

Contact MoneyHelper for free and impartial advice on your pension.

MoneyHelper

Telephone: 0800 011 3797

Monday to Friday, 9am to 5pm. Closed on bank holidays.

Calls to this number are free.

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Udabur Stock

Surat Stock：Diesel dilemma： Demand drop in India and China puts pressure on crude oil prices

Diesel dilemma： Demand drop in India and China puts pressure on crude oil prices

Chinese and Indian diesel markets — which account for the bulk of Asian demand — are showing signs of a slowdown, potentially leading to more weakness in crude oil prices.

In China, the biggest oil importer, demand for the fuel is contracting, while in India, consumption growth has collapsed. Against that backdrop, the profits for refiners across the region from turning Dubai crude into diesel have fallen by more than 40% since the start of the year, Bloomberg Fair Value data show.

Diesel’s fortunes matter because the workhorse industrial fuel is a pillar of the traditional global energy market, powering trucks, mining, construction and agriculture. It accounts for the single largest share of products made from crude worldwide, according to data from the International Energy AgencySurat Stock. Weaker conditions for diesel impact oil, with global benchmark Brent hitting the lowest since late 2023 this week amid concern about a global glut.

The weakness for diesel in Asia echoes trends in Europe, where futures hit the lowest level since mid-2023 this weekLucknow Wealth Management. In recent days, a key metric for measuring the profitability of making the fuel in that region fell to its weakest in more than 15 months, creating a headwind for refiners.

In China — where economic growth is slowing, a property crisis is grinding on, and concerns are mounting that the government won’t meet GDP targets — apparent consumption of diesel has fallen by more than 10% so far this year, putting it on course for the first full, on-year decline in three, according to Bloomberg calculations based on official figures.

Part of the reason for the drop-off in China is cyclical — cooling growth eats into demand as activity slows — but there’s also a structural element from the spread of alternativesHyderabad Investment. More trucks are turning to natural gas, while for autos, the percentage of new natural-gas and electric commercial cars increased to 5.2% and 11.7% in 2024, up from 2.9% and 0.7% in 2020.

In India — where economic growth has been outstripping China’s by a wide margin — diesel still faces challengesPune Wealth Management. In the first eight months of the year, consumption rose 2.4%, showing a market that’s still growing, but well down from the 6.7% in the same period of 2023, and almost 10% in 2022.

“Tightening emission norms, fear of a complete ban on diesel vehicles, and near-parity in the price of petrol and diesel in the country is changing customers’ perceptions,” said Mudit Nautiyal, a senior research analyst at Wood Mackenzie LtdGuoabong Wealth Management. Longer term, demand faces risks from electrification, he said.

Mumbai Stock Exchange

Kolkata Wealth Management：Best Ethanol Stocks in India 2024

Best Ethanol Stocks in India 2024

The following table highlights the list of best ethanol shares in India 2024 as per analyst ratings. The list is based on stock ratings provided by analysts who rate a stock after a detailed study of the market-

Best Ethanol Stocks in India (as per analyst ratings)

BUY Analyst Rating (in %)

Dwarikesh Sugar Industries

Triveni Engg

Balrampur Chini Mills Limited

*Our stock selection criteria for top stocks based on analyst ratings are mentioned at the bottom of this blog.

The following table gives a list of the best ethanol company stocks in India based on their market capitalisation:

Best Ethanol Sector Stocks in India (as per Market Capitalisation)

₹ Crore

EID-Parry (India)

₹14,533

Shree Renuka Sugars

₹9,985

Balrampur Chini Mills Limited

₹11,493

Triveni Engg

₹9,853

Bajaj Hindusthan Sugar

₹5,181

*Our stock selection criteria for top stocks based on Market Capitalisation are mentioned at the bottom of this blog.

Here is a brief overview of the top ethanol shares in India as per analyst ratings and market capitalisation outlined above.

Revenue

(Rs Cr)

Revenue CAGR growth (%)

Profit/Loss

(Rs Cr)

Profit CAGR growth

Q1 FY25

3 year

5 year

Q1 FY 25

3 year

5 year

Dwarikesh

341.25

E.I.D. Parry (India)

29,413

6,746.79

225.87

Shree Renuka Sugars

11,319

-32.48

Balrampur Chini Mills

1421.59

Triveni Engineering & Industries

1300.65

Bajaj Hindusthan Sugar

1,385.68

-56.17

-33.13

Working Capital Days

Price to Earnings(P/E)

RoCE (%)

Price to Sales (P/S)

Debt to Equity

Dwarikesh Sugar

E.I.D. Parry (India)

Shree Renuka Sugars

-13.46

Balrampur Chini Mills

Triveni Engineering & Industries

Bajaj Hindusthan Sugar

-42.07

Incorporated in the year 1993, Dwarikesh Sugar Industries Limited is a producer of sugar, ethanol, power, sanitisers, bagasse, fertilisers, pesticides, molasses, and many other products.

Dwarikesh Sugar works with around 1.54 lakh sugarcane farmers across three locations spanning more than 1.17 lakh hectares. Its sugarcane procurement amounts to approximately 382 lakh quintals. Its primary manufacturing units are located in Uttar Pradesh at Bundki village, Bahadurpur village in Dhampur Tehsil, and Faridpur Tehsil in Bareilly District. It has operations in other parts of India too, such as Maharashtra, Delhi, and Rajasthan.

Particulars

Change (%)

Q1 FY25

Q1 FY24

Change (%)

Revenue (Rs Cr)

1,709.50

2102.9

-18.71%

341.25

571.21

-40.26%

Gross Profit (Rs Cr)

450.34

-3.77%

-62.85%

Net Profit (Rs Cr)

104.74

-20.26%Kolkata Wealth Management

-123.93%

EBITDA Margin (%)

12.67%

10.87%

16.56%

13.60%

-93.75%

ROE (%)

10.70%

14.83%

-27.85%

-1.18%

-121.49%

ROCE (%)

12.59%

15.47%

-18.62%

-1.10%

-112.50%

During the first quarter of the financial year 2024-25 (Q1 FY25), the company sold 6.75 lakh quintals of sugar vis-à-vis 9.70 lakh quintals in the corresponding quarter of the previous year – that’s about three lakh quintals less. The primary reason was the early closure of the sugar season 2023-24, which resulted in lower sugarcane crushing activities in Q1.

However, the company was able to sell sugar at a higher price of Rs 3,833 per quintal in Q1 FY25 compared to Rs 3,608 in Q1 FY24. That’s a 6% increase in the current quarter.

The company sold about 123 lakh litres of industrial alcohol compared to 303 lakh litres year-on-year (YoY).

Sugar is sold only against releases. So, since releases were lower during FY24, sales were also lower. In the full year FY24, the company sold 27.52 lakh quintals versus 42 lakh quintals in the last year, which included exports of about 10 lakh quintals. This year there was a ban on exports.

For the full year, industrial alcohol sales were about 94,407 kilolitres compared to 84,175 kilolitres sold in the previous year. During FY24, only 20,944 kilolitres of industrial alcohol were made from sugarcane juice and syrup, compared to 46,203 kilolitres in the corresponding period last year.

No capex is planned for the current year because the crushing numbers were low and due to the negative surprise from the ethanol policy.

Ethanol sales were low during the quarter. This was due to the restrictions imposed by the government on the use of B-heavy molasses and juice for producing ethanol.

In Q1, the net loss of Rs 9.72 crore was chiefly due to overheads not being able to be absorbed. Going forward, the company sees this issue being mitigated.

Triveni Engineering, founded in 1932, is one of India’s largest sugar manufacturing companies. The company has seven state-of-the-art FSSC 22000-certified sugar mills strategically located in the sugarcane-rich belt of Uttar Pradesh.

Triveni Engineering works with over 300,000 sugarcane farmers. A long and close relationship with these farmers has helped the company maintain its product quality and seamless value chain.

Triveni Engineering also operates in various other businesses, viz., engineering, power transmission, water and wastewater treatment solutions, and defence.

Using molasses from sugar production, it produces ethanol and extra-neutral alcohol. According to reports, the company plans to divert 4.5 million tonnes of sugar towards the ethanol program, which amounts to almost 12% of its total sugar production. It also aims to increase its ethanol capacity from 660 kilolitres (kl) per day to 1,100 kl per day.

ParticularsNew Delhi Wealth Management

Change (%)

Q1 FY25Simla Investment

Q1 FY24

Change (%)

Revenue (Rs Cr)

6,151.40

6,310.10

-2.52%

1300.65

Gross Profit (Rs Cr)

1,620.65

2,551.00

-36.47%

301.46

-13.62%

Net Profit (Rs Cr)

1,791.80

-77.94%

-54.16%

EBITDA Margin (%)

13.20%

12.40%

11.40%

-34.21%

ROE (%)

14.21%

78.83%

-81.97%

-66.67%

ROCE (%)

17.57%

57.50%

-69.44%

Net turnover recorded a rise of 8.6% due to a 12% higher turnover in sugar sales and a 5% increase in the sale price of the sweetener. Despite the higher contribution from sugar, profitability of the sugar business was lower on lower output and higher charges by way of off-season expenses.

The industry-wide ban on sugar exports and the prohibition on the use of sugarcane juice to manufacture ethanol negatively affected revenues and profits.

During the quarter, the company did not export sugar.

While the government had set a target of 15% ethanol blending with fossil fuels, the final figure was 13%Bangalore Investment. Though content with this figure for now, going forward, it hopes this number will rise to 20%.

An interesting development was the introduction of maize as a feedstock. Triveni experimented with maize and was successfulLucknow Investment. It now uses maize too, as a feedstock for the production of ethanol, which is then supplied to oil marketing companies (OMCs).

Despite weaker revenues, the profit before interest and taxes (PBIT) for the year improved to 29.4% Y-o-Y due to cost optimisation and savings in the various projects that were executed during the year.

The company does not propose to undertake any fresh capex.

Headquartered in West Bengal and established in 1975, Balrampur Chini Mills Limited produces and distributes sugar, alcohol, ethanol, molasses, bagasse, and organic manure. The company operates power plants at the time of sugar production to fulfil its power needs and sells any excess bagasse in the market.

It has 80,000 tonnes per day sugarcane crushing capacity, a distillery capacity of 1,050 kl per day (KLPD) and a saleable co-generation capacity of 175.7 megawatts. The company operates 24 facilities across 10 locations. It uses composting technology to create bio-composts under various brands like Paudh-Sakti, Jaiv-Shakti, and Devdoot.

Particulars

Change (%)

Q1 FY25

Q1 FY24

Change (%)

Revenue (Rs Cr)

5593.74

4,665.86

19.89%

Gross Profit (Rs Cr)

1,676.81

1,256.00

33.50%

-5.77%

Net Profit (Rs Cr)

534.47

284.16

88.09%

-4.76%

EBITDA Margin (%)

14.05%

10.97%

28.08%

12.73%

13.01%

-2.15%

ROE (%)

17.04%

10.03%

69.89%

-18.90%

ROCE (%)

20.82%

10.44%

99.43%

-14.58%

Q1 FY25 revenues and profit after tax (PAT) fell over 2% and 5%, respectively. The muted numbers were mostly due to regulatory issues surrounding its distillery operations. This resulted in lower ethanol production.

Sugar sales volumes and realisation grew by 3.1% and 5.5%, respectively. The earnings before interest and taxes (EBIT) margins of the distillery business rose by 96 bps y-o-y to 19.1%.

Sugarcane crushing was lower by about 54%, and sugar production fell by about 48%. This was due to lower sugarcane availability. This in turn negatively affected the distillery segment. Also, the fixed overheads could not be absorbed fully in this quarter owing to a lesser number of crushing days (season). Consolidated revenue was up 2.3% YoY to Rs 1,422 crore on a 3% growth in sugar volumes and a 5% growth in sugar realisations.

EID-Parry (India) Limited is engaged in the production of sugars, sanitisers, super grains, and nutraceuticals. Based in Chennai, it is part of the ₹57,000-crore Murugappa Group.

The company is renowned for establishing India’s first sugar plant in 1842. It operates six sugar plants and one standalone distillery across South India, with cutting-edge facilities for sugar crushing, co-generation and distillation. These state-of-the-art plants have a combined sugarcane crushing capacity of 40,300 TCD, co-generation capacity of 140 MW and a distillery capacity of 417 KLPD. It works with over 100,000 farmers by training them on scientific methodologies to increase yield and productivity.

Additionally, EID Parry leads globally in organic spirulina and microalgal products. Its nutraceuticals business includes major international certifications and manufacturing plants in Tamil Nadu. The company also has subsidiaries involved in refined sugar and farm inputs.

Particulars

Change (%)

Q1 FY25

Q1 FY24

Change (%)

Revenue (Rs Cr)

29,413.11

35,244

-16.54%

6,746.79

7,026.45

-3.98%

Gross Profit (Rs Cr)

6,766.56

7,322.00

-7.59%

-8.51%

Net Profit (Rs Cr)

1,617.00

1,827.00

-11.49%

225.87

-30.48%

EBITDA Margin (%)

-15.73%

ROE (%)

24.67%

32.10%

-23.15%

-41.06%

ROCE (%)

-45.65%

-36.21%

During the quarter, YoY revenue was lower due to lower release, and no exports.

In the distillery operations, Q1 sales were about Rs. 3.9 crores litres, consisting of 1.73 crore extra neutral alcohol (ENA) and 2.17 crore litres of ethanol. YoY, sales were 3.43 crore litres, of which 1.2 crore litres were ENA and 2.23 crore litres of ethanol. The average price realisation was Rs 64.31 per litre compared to Rs 61.8 per litre in the previous year.

Going forward, policy changes in ethanol blending, exports, and MSP will set the tone for the company.

Shree Renuka Sugars is one of the biggest ethanol producers and sugar refiners in India. The company’s green energy business includes producing ethanol for blending into petrol and generating electricity. It is one of the major contributors to the Indian government’s ethanol blending program. The company operates eight modern sugar mills, some of which produce ethanol.

The company has an ethanol production capacity of 1,250 kl per day. It is aiming to increase this capacity even further.

Particulars

Change (%)

Q1 FY25

Q1 FY24

Change (%)

Revenue (Rs Cr)

13,319.00

47.66%

32.83%

Gross Profit (Rs Cr)

1,921.70

1,570.36

22.37%

23.30%

Net Profit (Rs Cr)

-627.20

-196.70

218.86%

-166.2

-138.9

19.65%

EBITDA Margin (%)

13.95%

-44.01%

ROE (%)

ROCE (%)

20.89%

11.74%

77.94%

-2.50%

-8.80%

-71.59%

(Will be updated after AGM is conducted on 24 September 2024.)

Bajaj Hindusthan Sugar Limited is one of the top sugar and ethanol manufacturers in India. Based in Maharashtra, it operates 14 sugar plants in Gola Gokaran Nath, Thana Bhawan, Budhana, Palia Kalan, and Khambharkhera, among others. These plants have a combined crushing capacity of 136,000 tonnes of sugarcane per day and a distilling capacity of 800 kl of alcohol daily.

The company is a major ethanol producer, making 38 million litres annually, with plans to increase it to around 218 million litres a year. Additionally, Bajaj Hindusthan generates about 430 megawatts of power from bagasse at its sugar mills. It also operates five coal-fired power plants, generating an extra 450 megawatts for the state grid.

Bajaj Hindusthan is a major player in the sugar industry in India. During the 2021-22 sugar season (October to September), the company accounted for a significant 12% of the sugar production in Uttar Pradesh. However, its debts have been a problem for a long time.

To resolve this issue, it had undergone two debt resolution plans. That still didn’t solve the issue and Bajaj Hindusthan owed banks about Rs 4,771 crore. Of this, a maximum of around Rs 1,192 crore was owed to SBI. The company was declared a non-performing asset (NPA), and SBI and other banks took the company to the National Company Law Tribunal (NCLT).

However, the NCLT allowed SBI to withdraw the petition when the management said it would pay the entire dues. In fact, banks would not have to take a haircut in this case.

Particulars

Change (%)

Q1 FY25

Q1 FY24

Change (%)

Revenue (Rs Cr)

10,832.70

24.72%

Gross Profit (Rs Cr)

1,921.70

1,570.36

1464.9

41.08%

Net Profit (Rs Cr)

-627.20

-196.70

16.43%

EBITDA Margin (%)

-78.61%

ROE (%)

ROCE (%)

While you might find ethanol stocks appealing for investment, it is in your best interest to consider the influencing factors before making a decision. Some of these critical factors are as follows:

The Indian Government may offer subsidies and tax incentives to ethanol producers, influencing stock prices positively.

Policies like the National Biofuel Policy and the Ethanol Blending Program promote biofuel usage, encouraging investment in ethanol companies. You should check the ethanol blending targets set by the government in the past and for the future and see if these targets are being met.

While looking for ethanol stocks for investment, study in detail the demand for ethanol in the country and the potential for exports.

Ethanol production relies on crops like corn and sugarcane, which are sensitive to weather. Droughts, floods, and other extreme weather events can reduce crop yields, negatively affecting ethanol production and stock prices.

Ethanol is used as a fuel additive with petrol and diesel. When crude oil prices rise, ethanol becomes more attractive, potentially increasing the stock prices of companies in this sphere. Conversely, falling crude oil prices can lead to decreased demand for ethanol and lower stock prices.

The production capacity of ethanol companies is crucial. Higher production capacity allows companies to meet demand effectively, potentially boosting stock prices. Also, the technology used and efficiency levels in ethanol production are vital factors prospective investors should consider.

Ethanol producers may export their products, and fluctuations in exchange rates can impact revenue. A weaker local currency can make exports more competitive, increasing revenue and potentially elevating stock prices.

You should carefully analyse the ethanol company’s financial performance by examining its revenue, profit, cash flow trends, growth ratios, and debt levels over the recent years. When evaluating ethanol stocks, prioritise companies with robust financial statements.

When considering investing in the best ethanol stocks, prioritise companies that have a consistent and reliable supply of raw materials like sugarcane and maize, besides infrastructure for manufacturing and sales. This helps reduce the risk of production disruptions and ensures smoother operations for the company.

Ethanol stocks compete for sales through auctions held by oil marketing companies (OMCs). Companies with better margins will have an advantage over their peers.

Also, look for companies that command a bigger market share, as their strengths would be greater than those of other smaller players.

Prospective investors should look at entry barriers for new entrants. The lower the entry barriers, the greater the competition, and vice versa.

Factors such as availability of raw materials, regulatory environment, capital requirements, availability of latest technology, and ready buyers are some of the factors that need to be looked at closely.

It is important to study the management quality to be able to decide on investing. If the company is being led by a team of professional managers, that will give a lot of comfort for all investors – current and prospective.

If the company has a track record of making profits and sharing it with the shareholders, a transparent management style, and not giving undue shocks to investors, the investing public would have a good view of the company.

Thorough research and a balanced approach will help you make informed investment decisions in the ethanol sector. Seek professional advice if needed.

Investing in ethanol stocks requires careful consideration. Factors like commodity prices, government policies, and competition from alternative fuel sources influence the ethanol sectors.

While there is potential for growth in this sector, regulatory changes, market dynamics, and technological advancements can impact their performance.

Before investing in ethanol stocks, it is crucial to undertake research and stay informed about industry developments and government policies. Make sure you regularly review your investment strategy to keep it aligned with your financial goals and risk tolerance.

The ethanol sector in India offers promising investment opportunities amidst the country’s increasing focus on renewable energy sources and reduced reliance on fossil fuels.

Before investing in the top ethanol stocks in India, it is crucial to understand the various factors that influence the market. Moreover, seeking advice from a financial expert who can help you select the best ethanol stocks for maximum return on investment will be a good idea.

You may also be interested to know

Best Gold Stocks in India

Best Metal Stocks in India

Best Textile Stocks in India

Best Drone Stocks in India

Best Sugar Stocks in India

*Stock Selection Criteria for Top Stocks Based on Analyst Rating

Investors must carefully read through the following information on stock selection criteria while running through the stocks based on analyst ratings-

These stocks have been shortlisted as per Analyst ratings provided by the I/B/E/S (The Institutional Broker’s Estimate System) database, further aggregated by Refinitiv. Ratings are determined by analysts’ forecasts of company performance, taking into account metrics like earnings per share, sales, and net income. These ratings should not be construed as investment advice/recommendations/offer/solicitation of an offer to buy/sell any securities by Groww Invest Tech Pvt. Ltd. (formerly known as Nextbillion Technology Pvt. Ltd.).

Before investing, investors must conduct independent research and not solely rely on the information provided here. This will allow investors to make appropriate investment decisions based on their financial goals, investment objectives and risk tolerance.

*Stock Selection Criteria for Top Stocks Based on Market Capitalisation

These stocks are chosen based on their market capitalization, which represents the total value of a company’s outstanding shares. The selection is arranged in descending order, placing the largest companies first and the smaller ones later. This helps prioritize stocks based on their market size.

It is important to note that market capitalization in no way guarantees a company’s performance or the returns from its stocks. However, it can be used as a criterion for shortlisting companies from within a sector. Investors should recognize that other factors, such as financial health, management efficiency, and market trends, play crucial roles in determining the actual success of an investment.

This stock selection should not be construed as investment advice/recommendations/offer/solicitation of an offer to buy/sell any securities by Groww Invest Tech Pvt. Ltd. (formerly known as Nextbillion Technology Pvt. Ltd.).

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

Agra Wealth Management

Kolkata Investment：Annuity Investment Fraud Lawyers

Annuity Investment Fraud Lawyers

Colorado Bankers Life Insurance Investors Continue To Explore Their Legal Options

Our Annuity Investor Loss Lawyers Are Filing Broker Fraud Lawsuits

Shepherd Smith Edwards and Kantas (investorlawyers.com) are continuing to speak with annuity investors who have suffered losses in a number of Greg Lindberg-owned entities, including Colorado Bankers Life Insurance, Bankers Life Insurance, Southland National Insurance Corp., Southland National Reinsurance Corp., PB Investment Holdings, and Northstar Financial Services (Bermuda)Kolkata Investment. All of these companies are under scrutiny and in some kind of financial trouble with many of them in liquidation.

Meanwhile, Lindberg, who is currently out of prison after his wire fraud and bribery conviction was tossed out, now has a retrial date of November 6, 2023. But that criminal case is just the tip of the iceberg when it comes to his legal problems. In August 2022, the US Securities and Exchange Commission (SEC) accused Lindberg of defrauding his own insurance companies in an allegedly massive scamNagpur Investment. In February 2023, a federal grand jury indicted him again, this time on new wire fraud and other charges that allegedly involved him lending $2B from his insurance companies to his other companies.

Now, thousands of annuity investors, many of them senior citizens, and retirees, have found themselves struggling with significant losses related to these Lindberg-own companies. Many are saying that their funds have been frozen for years.Ahmedabad Investment

While waiting out the liquidation proceedings involving these insurance companies is one way to try and get some of your money back, you may want to explore other options. In a recent Wall Street Journal article, Shepherd Smith Edwards and Kantas Senior Partner and annuity fraud attorney Kirk Smith talked about investors potentially going after the brokerage firms that may have unsuitably sold them the annuities.

The allegations that Lindberg funneled funds from his insurers to special purpose vehicles are not new news nor are the fraud charges against him. As a matter of fact, our annuity investment loss attorneys have already filed dozens of broker fraud lawsuits against many of the financial firms that sold annuities in Lindberg-owned properties to investors. This includes US-based investors who purchased annuities issued by Colorado Bankers Life Insurance, as well as investors living abroad who were sold annuities and annuity-like investments in Northstar Financial Services (Bermuda) and PB Investment Holdings.

Why You Want To Work With Our Savvy Annuity Investment Fraud Lawyers

For over thirty years, Shepherd Smith Edwards has been representing all kinds of investors, including retail investors, retirees, older investors, accredited investors, high-net-worth investors, institutional investors, and others against broker-dealers and investment advisers. Often, this has meant suing financial firms and pursuing damages from them in arbitration, mediation, and litigation.

More than 90% of investors we have represented have received full or partial financial recovery—that’s the collective equivalent of many millions of dollars for the thousands that we’ve helped. Our team of skilled securities fraud attorneys, legal assistants, and consultants make it a point to be directly involved with each client’s claim and when you hire us you are availing of over a century’s worth of combined experience in the securities industry and securities law.

The reasons why annuities issued by Greg Lindberg’s insurance companies became financial product failures are very familiar to us after years of investigating policyholders’ losses. We are also knowledgeable about how broker misconduct and negligence, including what in many instances appears to be the lure of high commissions, may have compelled financial advisors to sell these investments even when customers needed/requested safe, conservative investments with ample protections for their funds.Jaipur Investment

How To Contact Our Team of Annuity Investment Fraud Lawyers:

Call (800) 259-9010 today to request your free, no-obligation case consultation.Agra Stock

Indore Stock

Jaipur Investment：Gold Price Today： Yellow metal at new all-time high, touches 76k mark

Gold Price Today： Yellow metal at new all-time high, touches 76k mark

Following a high of Rs 75,049 on Tuesday, Gold October futures contracts at MCX soared to a new all-time high of Rs 76,000 per 10 grams, reflecting an increase of 0.24% or Rs 177.

Gold prices have been surging for a week now post the US Fed cut rates by 50 bps, going up by Rs 2,900 per 10 grams.

Meanwhile, silver December futures contracts were trading at Rs 92,221/kg, down by 0.19% or Rs 172. The same has gained Rs 3,900/kg in one week.

“Gold prices hit record highs on Tuesday, extending a recent run of gains amid persistent optimism over U.S. interest rate cuts, with focus turning to more upcoming cues this week. Another fresh reason is that the Chinese government announced a barrage of stimulus measures, raising hopes of an economic recovery,” said Anuj Gupta of HDFC securities.

Along with a bumper rate cut of 50 bps by the Federal Reserve last week, concerns regarding further ease off in the labour market and revised dot plot increased the prospect of further cuts presenting more upside for the yellow metal.

“On the data front, preliminary manufacturing PMI numbers were reported lower than estimates in major economies. US consumer confidence data was also reported lower at 97 v/s expectations of 103.9 supporting the rally in bullion,” said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal.

Several Fed officials said that they supported the bank’s 50 bps cut last week, but expected its pace of cuts to slow in the coming months. This week along with Governor Powell we have more than 9 other Fed officials scheduled to speak. Any change in tone from the recent Fed meeting could trigger volatility in prices, Modi added.

Today, the US Dollar Index, DXY, was hovering near the 100.28 mark, falling 10.19 or 0.19%.

Distress in the Middle East between Hezbollah and Israel has also increased. Hezbollah evening confirmed Israel had killed one of its top commanders, Ibrahim Qobeissi, in an air strike that rocked the southern suburbs of Beirut.

Modi further believes that the attacks from Israel killed more than 500 people and a further escalation and updates could boost safe haven appeal for gold and silver prices.Jaipur Investment

“The daily chart of MCX Gold October futures reveals a robust uptrend, with prices moving above an ascending trendline and consistently forming higher highs and higher lows. A bullish engulfing candlestick pattern has emerged, signaling continued bullish momentumMumbai Stock Exchange. The price is also trading above the 21-day Exponential Moving Average (EMA), highlighting the ongoing upward trendAhmedabad Wealth Management. Additionally, the RSI shows positive divergence, reinforcing the bullish outlookChennai Stock. Key resistance levels are located at 75,500 and 75,700, while important support zones are marked at 74,730 and 74,440,” said Neha Qureshi, Senior Technical & Derivative Analyst, Anand Rathi Commodities & Currencies.

Buy MCX October gold futures at Rs 75,000 with a stop loss of Rs 74,700 and a price target of Rs 75,500Buy MCX December silver futures at Rs 92,400 with a stop loss of Rs 91,000 and a price target of Rs 95,000(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Hyderabad Stocks

Varanasi Wealth Management：ETF Vs Index Fund – Meaning and Where to invest？

ETF Vs Index Fund – Meaning and Where to invest？

It’s no news that the popularity of passive investing is on the rise.

Take a look at the chart on your screen. It shows the assets of passive funds – ETFs, index funds, and funds of funds or FoFs.

At the end of 2018, the assets of passive funds stood at Rs 1.22 lakh crore. By 2022-end, they grew to 6.36 lakh crore, a jump of over 400% in just 5 years.

Now, there are many reasons responsible for the rise of the passives, including their low cost, low maintenance, and wider suitability, but one reason that stands out is their active counterparts’ underperformance.

A look at the percentage of funds underperforming the Nifty 100, Nifty Midcap 150, and Nifty Smallcap 250 indices will give you an idea.

As you can see, in 2022, nearly 67% of active large-cap funds underperformed the Nifty 100. For mid-caps % of funds underperforming was 55%. And even though just 13% of small-cap funds didn’t beat the benchmark in 2022, this number was quite high in the preceding two years.

So, underperformance by active funds possibly significantly boosted passive funds.

However, when it comes to passive investing there are two options available to investors – ETFs and Index Funds.

But, is one better than the other? If yes, then which one?

That’s exactly we will cover in this article. We will discuss key parameters you can use to evaluate ETFs and index funds, and also evaluate some of the most popular ones to see what comes out on top.

So even if you know the nuances of investing in ETFs and index funds, the in-depth analysis in this article will still give you some useful insights.

Alright, let’s start with a quick recap of the differences between ETFs and index funds.

ETFs and index funds are the two main avenues of passive investing.

Other emerging options are funds of funds or FoFs. A FoF puts money in another fund, which could be both active or passive. There could even be multiple underlying funds of a FoF.

However, from the perspective of how you invest, FoFs and index funds are similar. You can invest in both, as you would invest in any mutual fund.

So, mainly, we will talk about the difference between index funds and ETFs.

The table below highlights the key differences between the two.

Now, broadly, the difference between index funds and ETFs lies in the fact that index funds can be bought and sold like any other mutual fund.

But for ETFs, you will require a demat and a trading account, and you buy and sell them the way you buy and sell stocks.

ETFs and index funds track an underlying index, so they are similar here.

So, which is the better option?

Let’s see.

There are about 160 ETFs, 88 index funds, and 124 FoFs available. They are of various types. There are index ETFs/index funds, sectoral/thematic ones, international FoFs, factor ETFs and so on.

So, it’s nearly impossible to compare them all, and hence for our analysis, we will focus on the index funds and ETFs based on the Nifty 50.

You can use the framework we discuss to compare any other ETF and index fund you want.

We will look at factors that impact the performance of an index fund or an ETF. These include expense ratio, tracking error, the purchase price of ETFs, and their liquidity.Varanasi Wealth Management

So, let’s start. The first criterion is the expense ratio.

As we discussed earlier, one of the reasons for the popularity of passive investing is that the expenses are quite low.

So how do Nifty 50 ETFs and index funds compare in terms of expense?

We looked at the Maximum, Minimum, and Average expenses charged for this. As you can see, ETFs have a clear edge. They have average expenses of just 0.07% as against index funds’ 0.22%.

Now, ETFs look like a no-brainer when it comes to expense ratio, but there are trading costs associated with ETF investing that you need to keep in mind.

For example, on buying and selling Rs 1 lakh worth of ETFs, you have to pay Rs 239 as fees and duties. That’s around 0.24% additional cost. This is without the brokerage charges. So, depending on your plan, there will be additional brokerage costs.

Until around 2015, the average expense ratio on ETFs was about 60 to 70 basis points. Over the years, it has come down drastically. We saw a similar trend in the average expense ratio of index funds.

Now this is excellent news for investors, and it is happening because of the rising competition in this space. As more investors flock to passive investors, more AMCs have launched ETFs and index funds.

Alright, now let’s talk about the next parameter: Tracking error.

So, as we discussed earlier, an index fund or an ETF tracks an index. So you would want a fund that exactly replicates the index. If a fund falls or rises more than the index, it destroys the purpose of investing in an index.

How well the fund has replicated the index can be measured through a parameter called tracking error. If the fund behaves just like the index, the tracking error will be low. If a scheme is not doing a good job, the tracking error will be high. So, the lower the tracking error, the better.

The chart below compares the tracking errors of Nifty 50 ETFs and index funds.

ETFs have a lower tracking error on average, which suggests that they do a better job of tracking the Nifty 50 index.

Now, there are a few things that lead to tracking error. But mainly, there are three big reasons.

Let’s understand them one by one.

Tracking error is the most important parameter to look at when you are choosing an index fund or an ETF.

But we, as investors, are more interested in returns. So, let’s look at the difference in returns between ETFs and index funds.

If all schemes track an index, their returns should be similar. But that’s not the case.

Expenses and tracking efficiency differ for each scheme, and the two parameters directly affect the returns.

While it’s true that the difference would be small over long periods, even such minor differences can significantly impact your final corpus.

So, on your screen, you can see how Nifty 50 ETFs and index funds compare in terms of returns.

Here also, ETFs do well. Against an average 5-year return of 13.53% from Nifty 50 ETFs, Nifty 50 index funds delivered 13.23%.

So, given that ETF returns are better, they have a lower tracking error and expense ratio, they may look like a better option over index funds.

However, the story isn’t over yet. With ETFs, there are two important determinants: the price-to-NAV gap and the liquidity.

Let’s understand these two metrics as well.

As ETFs trade in the market, demand and supply often control their prices. This often results in their prices deviating from their NAVs.

This means the ETF price could be higher or lower than its NAV.

If the price is higher, you are actually paying more than what the ETF is worth.

If the price is lower, you are getting the ETF cheap.

But how big is this difference? Let’s take an example to help understand this. We looked at the SBI Nifty 50 ETF, the largest ETF on the Indian exchanges. It has assets of about 1.62 lakh crore as of June 2023.

Until about October 2022, this ETF had a price greater than its NAV. So, if someone invested in it around that time, they would have bought it expensive.

However, after that, the price has been at a discount. So, you are getting this ETF cheaper than what it is worth.

Is it a great thing?

Maybe. But if the price always remains at a discount, it may not be.

By the same logic, if the price always remains at a premium, it may not be a problem.

The problem will come if this premium/discount is significant. Or worse, if you have bought at a premium and now the ETF is selling at a discount.

Hence, you must assess the price-NAV gap of an ETF before you buy it.

If the price is at a premium to the NAV, it’s better to wait or simply buy any other ETF tracking the same index. You can very much buy an index fund as well.

Because index funds don’t trade in the market, they don’t face this issue. This is where they have an edge over ETFs.

Okay, what if you want to buy an ETF and you want to know its NAV at that point?

NAV is reported at day-end, so all you will have is the previous day’s NAV, which may not be the best guide if the index has moved significantly.

What to do, then? Thankfully, SEBI has got you covered. SEBI has instructed fund houses to publish iNAV or intraday NAV for ETFs. This iNAV can tell you what the actual worth of one unit of an ETF is.

You can find the iNAV both on the exchange and the AMC website. The image below shows the iNAV of SBI Nifty 50 ETF on the NSE website and the website of SBI Mutual Fund.

Now see the table below.

It shows the average one-year premium/discount to NAV of the available ETFs. It also shows the maximum discount or premium that a particular ETF showcased.

Some outlier values have been highlighted.

Given that the deviations could be really steep, do make sure you check the price-NAV gap before buying an ETF.

Let’s now come to the next parameter: liquidity.

In the stock market, liquidity means how easy it is to buy or sell a stock or an ETF. The higher the liquidity, the easier buying and selling an ETF is

Liquidity is not an issue with index funds as the fund house has to honor the buy and sell orders with index funds.

So, with index funds, you place a buy order with the fund house, and units are allotted to you.

You place a redemption request, the units are redeemed, and the amount is transferred to your account.

But with ETFs, you must be mindful of liquidity. If you somehow end up buying a low-liquidity ETF, you may find it challenging to sell it as there may not be a corresponding buy order at the moment.

To assess liquidity, we use a metric called volume. Volume is the number of units of a stock or ETF that is traded in a period. Or it can be the value of those units.

Take a look at the table on your screen. It mentions the available Nifty 50 ETFs and their average volume in rupees.

From about Rs 62 crore in a day to just Rs 80,000, the liquidity of the Nifty 50 ETFs varies widely.

So, if you want to invest Rs 1 lakh in Invesco Nifty 50 ETF, which has a volume of about Rs 80,000.New Delhi Stock Exchange

Similarly, selling Rs 1 lakh worth of this ETF would be difficult.

But if you want to buy or sell Nippon India ETF Nifty 50 BeES, it’s no problem at all. The order will go through like a breeze.

Another related point: the less liquidity, the more the gap between the price and the NAV of an ETF could be.

Why? Because a less-liquid ETF can show wild moves in price depending on the order size.

The same thing happens with less liquid stocks. If a large buy order is placed for such stocks, their prices skyrocket. If a large sell order comes, the price can tank.

So, while buying ETFs, be very careful about the liquidity.

Here, we have talked about just the Nifty 50 ETFs. These are expected to be the most liquid.

There are a plethora of other ETFs as wellBangalore Stock Exchange. There are sectoral ETFs, factor ETFs, thematic ETFs and so on. And many of them have very thin volumes.

As discussed earlier, index funds don’t have any such issues.

While ETFs have an edge based on expenses, returns, and tracking error, the situation gets complicated when the price-NAV gap and the liquidity troubles come into the picture.

Which should you invest in then: ETFs or index funds?

Let’s see.

So, ETFs or index funds?

I think the question itself is wrong. Let me rephrase it?

Which do you like better?

Did you say ETFs? You are right.

Did you say index funds? You are right too.

So, there is no right or wrong answer to this question. It depends on the investor.

Suppose you are comfortable operating a demat and a trading account and can assess ETFs for their price-NAV gap and liquidity. In that case, ETFs can save you money and get better returns than corresponding index funds.

However, if you want to keep it simple, index funds are the way to go.

As we suggested in the video on the differences between ETFs and index funds, you can even see them from the standpoint of investment horizon.

Index funds provide the SIP facility and are more suitable for long-term investors.

ETFs provide buying and selling during market hours and can be useful as tactical bets.

But this is not to suggest that ETFs can’t act as long-term investment instruments. You can do manual SIPs in them and today many brokers provide the SIP option as well on stocks and ETFs.

So, pick whichever suits your requirements better.

Whether you pick ETFs or index funds, invest regularly and keep a long-term horizon. Both are capable of getting you to your goals and creating wealth for your future.

If you haven’t begun your investment journey yet, now is the perfect time to get started with ET Money. By choosing ET Money, you can invest in mutual funds without any commission charges and conveniently track all your investments in a single place. The best part? You’ll also receive a comprehensive portfolio health check-up absolutely free of cost.

Kolkata Investment

Pune Investment：The Best ETFs For Global Dividend Stocks

The Best ETFs For Global Dividend Stocks

An investment in high-dividend-yielding stocks is seen as a solid investment. Dividends are usually paid by profitable and established companies. For investors seeking regular income in times of low interest rates, dividend stocks can provide attractive yields.

There are different index concepts available for investing with in global high-dividend equities. This Investment Guide for global dividend stocks will help you to differentiate between the most important indices and to select the best ETFs tracking indices on global dividend stocks.

The tracks high dividend stocks from developed and emerging economies worldwidePune Investment. Selecting the stocks with the highest dividend yields from its parent index, the FTSE All-World index (excluding REITs), the FTSE All-World High Dividend Yield index aims to reflect 50 percent of the parent index. With 2,165 constituents (as of 28.06.24), the FTSE All-World High Dividend Yield index is by far the largest available dividend index. The selection method is rather straightforward and based on the expected dividend yield for the next 12 months. The selected companies are weighted by their free float market cap.

The focuses on the highest dividend stocks from developed countries worldwide. This dividend index includes 177 companies (as of 28.06.24) which are selected according to quality factors and dividend strength. The selection criteria include a dividend yield of at least 30 percent above the average of the underlying index (MSCI World index) and a non-negative dividend growth rate over the last 5 years. Moreover, the stocks included are filtered according to ESG criteria (environmental, social and corporate governance). The selected stocks are weighted by their free float market capitalization.

The aims at long-term and sustainable dividend growthChennai Investment. It is based on the S&P Global Broad Market Index (BMI), which tracks stocks from developed and emerging economies worldwide. A company is only included in the S&P Global Dividend Aristocrats index if it has at least 10 consecutive years of a controlled dividend policy with rising or stable dividend paymentsJaipur Wealth Management. In addition, pre-defined yield criteria must be met. Despite the strict inclusion rules, the limits for individual securities, sector and country weightings ensure that no cluster risks arise in the indexKanpur Stock. The selected stocks are weighted by their indicated dividend yield.

The tracks 25 to 75 high dividend stocks from developed economies worldwideKolkata Stocks. Financials are excluded. The selection process of the SG Global Quality Income index is based on comprehensive quality criteria (with respect to profitability, solvency, internal efficiency) and balance sheet valuation. To be selected, a firm’s dividend yield must be at least 4 percent. Both the expected and the indicated dividend yield are taken into account. A special feature of the index is the equal weighting of all selected dividend stocks.

The includes a selection of 100 companies from developed countries worldwide that meet criteria for high dividend quality. The global index is formed from the three regional indices STOXX® Europe Select Dividend 30, STOXX® North America Select Dividend 40 and STOXX® Asia/Pacific Select Dividend 30. Securities are selected in the sub-regions based on their indicated dividend yield and their historical dividend policy. The selected stocks are weighted by their indicated dividend yield.

When choosing a global dividend ETF one should consider several other factors in addition to the methodology of the underlying index and performance of an ETF. For better comparison, you will find a list of all global dividend ETFs with details on size, cost, age, income, domicile and replication method ranked by fund size.

Jaipur Stock

Surat Wealth Management：Safe Investment Options in India

Safe Investment Options in India

For making an investment, a lot of people seek out investment opportunities that will be secure, dependable, and protect them from risk. It is natural to secure the hard-earned money one has accumulated over the years while earning an investment return at the same time. Here the idea of safe investment options comes into the picture. A safe investment option is an investment with little or no risk involved. It is considered the best option for people who prioritize their financial security over capital growthSurat Wealth Management. These low-risk investment options are particularly suited to senior citizens with a low-risk appetite and shorter time horizons.

Here are the safest and risk-free investment options for people to make investments with the negligible risk involved.

Savings Account: A savings bank account is a deposit account that you have with a bank. The money deposited in this account earns interest of around 3 to 4 percentIndore Investment. They are the safest choice for those who wish to make moderate returns on their investment as the money is not invested anywhere and there is no risk of losing money.

One should keep money in the savings account only for immediate liquidity requirements and for emergency needs as low interest is earned on it. Also, zero maintenance fee is charged if a certain amount of money is deposited in the account.

Bank Fixed Deposit: Fixed deposits are considered the safest option by Indians for making an investment. It offers a higher rate of return on surplus funds than a savings account. According to Section 80C of the Income Tax Act of 1961, people can deduct up to Rs. 1,50,000 by investing in 5-year tax-saving FDs. Slightly higher interest rates on fixed deposits are offered to senior citizens. The rate of interest of the fixed deposits varies with the bank, amount invested, tenure of investment, etc.

Fixed deposits have a lock-in period. If you wish to withdraw a fixed deposit before maturity in case of any emergency, the amount can be withdrawn with a certain amount fee charged as a penalty. It also provides options for partial withdrawals and loans against balances.

Recurring Deposit: The recurring deposit is most appropriate for investors looking for a secure investment choice who want to deposit a small fixed amount on a regular basis with the bank. The individual receives the lump-sum payout plus interest in a recurring deposit at the conclusion of the policy duration. This is a profitable alternative for investing in the short term since it encourages long-term saving habits in investors.

Some banks offer flexible recurring deposits where no fee is charged if the amount is not deposited for a particular month or if you want to withdraw the deposit before maturity.

Post Office schemes: These are the investment options backed by the government, making them highly secure and requiring minimal paperwork to invest and enroll. The majority of these Post Office Savings Schemes are eligible for tax rebates on the deposit amount.

Some of the post office schemes include the Post Office Savings Account, National Savings Certificate (NSC), Senior Citizen Savings Scheme account (SCSS), etc.

Public Provident Fund (PPF): It is one of the safest and most secure options for making long-term investments in India. The PPF account can be opened either at the bank or post office. It is a guaranteed investment with a lock-in period of 15 years which can further be extended after every 5 years. The amount can be borrowed against the balance in your PPF account if you ever need the money and can be withdrawn partially only after a period of 6 years.

The minimum premium amount to be invested annually ranges from Rs 500 to Rs 1.5 lakh which can be exempted from income tax. PPF offers an additional tax benefit under Section 80C of the Income Tax Act, with an approved deduction of up to Rs 1.5 lakh in a particular fiscal year.Hyderabad Stocks

National Pension Scheme (NPS): NPS is a low-risk investment option, a retirement program backed by the government and managed by Pension Fund Regulatory and Development Authority. This provides relatively better returns than other investments like PPFs or FDs as it invests in a basket of financial instruments including equities, corporate debt, etc. Any subscriber to an NPS may claim a tax benefit up to the aggregate limit of Rs. 1.5 lakh.

Even when you retire, NPS enables you to live a financially independent life. Pension wealth accumulation increases over time with a compounding effect up until retirement. Due to the minimal account maintenance fees, the subscriber eventually receives a sizable advantage from the accrued pension wealth.Jaipur Stock

Non-equity Mutual Funds or Balanced Funds: These are a low-risk investment option that ensures liquidity in case of financial emergencies. One can earn a relatively high rate of return from such funds as compared to bank fixed deposits. They include government bonds, debt funds, money market funds, etc.Guoabong Stock

This type of investment is suitable for people who have short-term goals and also provides a tax benefit to those who fall under high slab rates.

Simla Wealth Management

Kanpur Investment：Deloitte announces China’s 2022 Best Managed Companies

Deloitte announces China's 2022 Best Managed Companies

The view of the skyscrapers of the Central Business District (CBD) in Beijing, capital of China. [Photo/Xinhua]

Deloitte China on Friday announced 50 winners of the 2022 China’s Best Managed Companies awards program, with their annual average revenue hitting 37.1 billion yuan ($5.5 billion) and growth rate reaching 21 percent despite COVID-19 challenges.

BMC is co-launched by Deloitte, Bank of Singapore, HKUST Business School and Harvard Business Review. The global BMC program has a history of 27 years with a purpose to find companies with systematic and excellent management capabilities.

Among those awarded this year, 40 companies have stayed on the list for two to four consecutive years and 10 are new comers. Four companies have seen their revenue surpass 100 billion yuan and four others saw revenue range from 50 billion yuan to 100 billion yuan.

A total of 21 awarded companies are in the manufacturing sector and 11 companies are categorized in the industry of consumption goods manufacturing, retail and restaurants. The rest are in areas of information and technology, healthcare, real estate, and education.Kanpur Investment

“The 2022 Best Managed winners have demonstrated strong business performance as well as brand valuesSimla Wealth Management. Despite those companies having faced multiple challenges like COVID-19, they exemplified the resilience and ability to rapidly recover from the pandemic and adapt to new situations,” said Frank Xu, managing partner of Deloitte Private China.

“Those awarded companies had a few characteristics in commonGuoabong Investment. At the strategic level, they had adaptable and forward-looking strategic management systems and they strived to create core products or services with innovative technologies,” Xu said.Agra Investment

“At the capability level, they focused on the improvement of organizational management capabilities and digital transformation capabilities, with particular emphasis on building risk management capabilitiesUdabur Stock. At the commitment level, they paid attention to talent cultivation, had a long-term sense of mission and adhered to company culture and value.”

“At the financial level, they have stable financial strategies, good cash reserves and cost control capabilities. They also demonstrated strong resilience and shouldered corporate social responsibilities facing challenges brought by COVID-19,” he said.

Zhao Jian, BMC managing partner, said unique core values, strategic goals, ability to integrate values with a focus on customers, precise regulations and excellent operations are the key points to businesses’ sustainable development.

Mumbai Investment