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FDI, FII and FPI – Different Types of Foreign Investments

Investingly — Fri, 17 Nov 2023 10:49:25 +0000

There are multiple classes of foreign investments. On the basis of investment destination, these foreign investments are classified into three popular classes- FDI, FII, and FPI. This post discusses these three types of foreign investment

There is a plenty of investment in India that come from foreign countries. These investments are in the form of FDI, FII, and FPI.

What is Foreign Investment?

Foreign investment may be defined as the flow of capital from one country to another in order to acquire ownership in the domestic company or other kinds of domestic assets. For example, any investment made in India which has the source of funding outside India will be termed as a foreign investment. In this type of investment, the foreign investors may have the active role in management as a part of their investment.

Foreign investments may be made by the individuals as well as corporates. But mostly this type of investment is made by corporates with enough assets that wish to expand their reach globally. All foreign investment come in the form of FDI, FII, and FPI.

With an increase in the concept of globalization, multinational companies (MNCs) are investing in various countries across the world.

Types of Foreign Investments

All the foreign investment fall into various classes like commercial loans, official flows, FDI, FII, FPI etc. Following are the popular classes of foreign investments:-

Foreign Direct Investment (FDI),
Foreign Institutional Investment (FII), and
Foreign Portfolio Investment (FPI)

Foreign Direct Investment (FDI)

When a company located in any country invests in another company which is located in a different country in order to acquire controlling ownership is called the Foreign Direct Investment (FDI). This investment can be made by an individual or by a corporate. This type of investment is welcomed in an open economy where skilled workforce with potential growth prospects is proposed to the investors.

The FDI is made in many ways. It includes the opening of a subsidiary or associate company in a foreign country, or acquiring controlling ownership of a foreign company, or merging or joint venture with a foreign company.

There are three types of FDI:-

Horizontal: When a company does the same type of business in a foreign country what it does in the home country. Example- Mobile phone companies opening stores in India.
Vertical: When a company does a different but related business in a foreign country. Example A car manufacturing company acquires dealership in India.
Conglomerate: When a company starts or invests in a totally different business in a foreign country.

Foreign Portfolio Investment (FPI)

This type of investment consists of securities such as stocks, bonds, debentures held by foreign investors. Foreign Portfolio Investment (FPI) is different from Foreign Direct Investment (FDI). In FPI, the investor does not hold the controlling ownership of the company. The only goal of the investor in this type of investment is to create a good return on the invested amount. It is less risky than FDI. These portfolio investments are made directly by the investor or it is managed by financial professionals.

Foreign Institutional Investment (FII)

The Foreign Institutional Investment (FII) is a type of foreign investment in which the investor, mostly investment fund, who is investing in a country is registered in an outside country. Institutional investors are generally mutual funds, pension funds, insurance companies, and hedge funds. This type of foreign investment is very much popular in India. Investors in this class are generally large investors like banks, large corporates buyers or representatives of large institutions. These investors take a position in the financial market of the foreign country on behalf of their home country.

India is a country with the highest volume of foreign institutional investment. Since India is a developing economy and developing economies provide higher growth potential. This is the reason why India is a favourite destination of FIIs. These all investments are monitored by the Securities and Exchange Board of India (SEBI). SEBI has more around 1450 FIIs registered with it. All FIIs are allowed to invest in India only through the primary and secondary capital markets.

Tags: #FDI #FPI #FII #Foreign Investment

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ITI Arbitrage Fund – NFO- Upcoming Hybrid Fund of ITI Mutual Fund

Investingly — Mon, 19 Aug 2019 10:42:11 +0000

ITI Mutual Fund is launching its new fund named ITI Arbitrage Fund. This new fund is a hybrid mutual fund which is being launched in the NFO (New Fund Offer) from 20^th August 2019 to 3^rd September 2019. During this offer, the units of the new fund will be offered to the investors at a price of Rs 10 per unit.

ITI Mutual Fund is sponsored by The Investment Trust of India (ITI) Limited (60% holding) and Fortune Credit Capital Limited (40% holding). The Investment Trust of India Ltd. is the promoter of ITI Mutual Fund which has over 3000 employees across 190 branches in India.

ITI Arbitrage Fund – NFO Details

Type of Offer	NFO (New Fund Offer)
Name of the Fund	ITI Arbitrage Fund
Name of the Fund House	ITI Mutual Fund
Type of Scheme	Open-Ended
Category of Scheme	Hybrid: Arbitrage
Offer Starts	20^th August 2019
Offer Ends	3^rd September 2019
Plans	Regular and Direct
Options	Growth and Dividend
NFO Unit Price	Rs 10 Per Unit
Minimum Investment	Rs 5,000
Entry Load	Nil
Exit Load	If the Units are redeemed / switched out on or before 30 days from the date of allotment – 0.25%. If the Units are redeemed / switched out after 30 days from the date of allotment – NIL.
Investment Manager	ITI Asset Management Limited
AMC Address	Naman Midtown ‘A’ Wing, 21^st Floor, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013 Website: www.itimf.com

ITI Arbitrage Fund – Scheme Features

This is an Open-ended Scheme investing in arbitrage opportunities.
The invetment objective of this scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
As the benchamrk, it will follow Nifty 50 Arbitrage Index.

ITI Arbitrage Fund – Asset Allocation Scheme

Important Documents Related to the Upcoming NFO Issue

Please click here to read the Scheme Information Document (SID) of this upcoming NFO.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.

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Tags: #NFO #Mutual Fund #ITI Mutual Fund NFO #New Fund Offer #ITI Arbitrage Fund

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Motilal Oswal Nifty Bank Index Fund – NFO – Latest NFO on 2019

Investingly — Mon, 19 Aug 2019 10:05:16 +0000

Motilal Oswal Mutual Fund is launching its new fund named Motilal Oswal Nifty Bank Index Fund. It is an exchange-traded fund which will follow the Nifty Bank Index TRI. The Motilal Oswal Nifty Bank Index Fund is being launched in the NFO (New Fund Offer) from 19^th August 2019 to 30^th August 2019.

Motilal Oswal Mutual Fund is sponsored by Motilal Oswal Securities Limited. As on 30th June 2019, the total Asset Under Management (AUM) of the company stands at Rs 19,640.11 crores.

Motilal Oswal Nifty Bank Index Fund – NFO Details

Offer Type	NFO (New Fund Offer)
Fund Name	Motilal Oswal Nifty Bank Index Fund
Fund House	Motilal Oswal Mutual Fund
Scheme Type	Open-Ended
Scheme Category	ETF or, Exchange-Traded Fund
NFO Starts	19^th August 2019
NFO Ends	30^thAugust 2019
Plans	Regular, Direct
Option(s)	Growth
NFO Unit Price	Rs 10 Per Unit
Minimum Investment	Rs 500
Entry Load	Not Applicable
Exit Load	1%- If redeemed on or before 3 months from the date of allotment. Nil- If redeemed after 3 months from the date of allotment.
AMC	Motilal Oswal Asset Management Company Limited
Fund Manager	Mr. Swapnil Mayekar
AMC Address	10^th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai-400025. Website: www.motilaloswalmf.com

Motilal Oswal MF NFO – Scheme Features

This is an open-ended scheme which replicates / tracks the Nifty Bank Index.
The investment objective of this scheme is to generate a return that corresponds to the performance of Nifty Bank Index subject to tracking error.
As a benchamrk, it follows Nifty Bank Index TRI.

Asset Allocation Scheme of this Upcoming NFO

Imoprtant Documents of this Upcoming NFO

Please go through the Scheme Information Document (SID) of this upcoming NFO (New Fund Offer).

Who Can Invest?

Resident adult individuals, either singly or jointly (not exceeding three) or on anyone or Survivor basis.

Minors through Parents/Lawful Guardian.
Hindu Undivided Family (HUF) through its Karta.
Partnership Firms in the name of any one of the partner.
Proprietorship in the name of the sole proprietor.
Companies, Body Corporate, Societies, (including registered cooperative societies), Association of Persons, Body of Individuals, Clubs and Public Sector Undertakings registered in India if authorized and permitted to invest under applicable laws and regulations.
Banks (including co-operative Banks and Regional Rural Banks), Financial Institutions.
Mutual Fund schemes registered with SEBI.
Non-Resident Indians (NRIs) / Persons of Indian Origin (PIOs) residing abroad on repatriation basis and on non-repatriation basis. NRIs and PIOs who are residents of U.S. and Canada cannot invest in the Schemes of MOMF.
Foreign Institutional Investors (FII) registered with SEBI on repatriation basis (subject to RBI approval) and Foreign Portfolio Investor (FPI)
Charitable or Religious Trusts, Wakf Boards or endowments of private trusts (subject to receipt of necessary approvals as “Public securities” as required) and private trusts authorized to invest in
units of Mutual Fund schemes under their trust deeds.
Others (Please refer to the SID)

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.

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Tags: #Mutual Funds #Investment #ETF #Upcoming NFO #Motilal Oswal Mutual Fund

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Best Hybrid Funds in 2019 – Based on 5 Years Return Value

Investingly — Sun, 18 Aug 2019 07:04:18 +0000

During last 1 year, many of the other equity mutual funds are bleeding but many hybrid funds are still giving good returns on investment. This post lists Best Hybrid Funds in 2019 based on 5 year return value. Top 5 funds of several categories in hybid fund class are listed below. We strongly advise you to please consult your investment adviser before making any investment decison.

(Read: What is Mutual Fund? How to invest in Mutual Funds? How Do Mutual Funds work?)

Hybrid Mutual Funds are considered as good retuning funds funds and safer in comparison to other equity mutual funds. These funds invest their assets in both equity and debts. They choose stocks and bonds for investment. Stocks have higher return but are less safe while bonds are safe but comparatively low return. Amid high pressure arond stock market, bonds give better return in comparison to stocks. Because of these benefits, hybrid funds manage to avail a good return because of partial investment in stocks and manage risk because of partial investment in bonds.

(Read: What is Hybrid Mutual Fund? What are the various types of Hybrid Mutual Funds? How hybrid funds do Asset Allocation?)

Best Hybrid Funds in 2019

Below is the list of top 5 hybrid funds in each categoyy

Aggresive Hybrid Funds

An Aggressive Mutual Fund is a type of mutual fund that which includes both equity and debt instruments in the portfolio but it focuses on risk instruments, i.e. equities. They invest 65-80% of the total asset in equities.

S.No.	Name of the Fund	5 Years Return (%)
1	SBI Equity Hybrid Fund – Regular Plan – Growth	11.11
2	DSP Equity & Bond Fund – Regular Plan – Growth	10.89
3	HDFC Hybrid Equity Fund – Growth	10.39
4	Canara Robeco Equity Hybrid Fund – Regular Plan – Growth	10.23
5	ICICI Prudential Equity & Debt Fund – Growth	10.11

Conservative Hybrid Funds

These funds invest 75-90% of the total asset in bond instruments and rest in equity stocks,

S.No.	Name of the Fund	5 Years Return (%)
1	ICICI Prudential Regular Savings Fund – Growth	9.74
2	Kotak Debt Hybrid – Growth	8.28
3	SBI Debt Hybrid Fund – Growth	8.20
4	Baroda Conservative Hybrid Fund – Plan A – Growth	8.20
5	IDFC Regular Savings Fund – Regular Plan – Growth	7.99

Dynamic Asset Allocation or Balanced Advantage

These funds keep changing the focus between equity and debts depending on the market conditions. The allocation of asst varies between asset classes.

S.No.	Name of the Fund	5 Years Return (%)
1	HDFC Balanced Advantage Fund – Growth	9.53
2	ICICI Prudential Balanced Advantage Fund – Growth	9.06
3	Invesco India Dynamic Equity Fund – Growth	9.01
4	Reliance Balanced Advantage Fund – Growth	8.99
5	Aditya Birla Sun Life Balanced Advantage Fund – Growth	8.39

Multi Asset Allocation

These hybrid mutual funds invest in at least three asset classes. At least 10% of the total asset is allocated in each class. The variety of asset classes may be equity, debt, cash, or mutual funds.

S.No.	Name of the Fund	5 Years Return (%)
1	ICICI Prudential Multi-Asset Fund – Institutional – Growth	9.82
2	ICICI Prudential Multi-Asset Fund – Growth	8.84
3	SBI Multi Asset Allocation Fund – Growth	8.31
4	Axis Triple Advantage Fund – Growth	6.88
5	Quant Multi Asset Fund – Growth	6.87

Equity Savings Fund

These mutual funds invest in debt instruments, equities and equity arbitrage. They maintain 65% focus on equities.

S.No.	Name of the Fund	5 Years Return (%)
1	DHFL Pramerica Equity Savings Fund – Growth	8.86
2	HDFC Equity Savings Fund – Growth	7.81
3	Principal Equity Savings Fund – Growth Accumulation Plan	6.41
4	Tata Equity Savings Fund – Regular Plan – Growth	6.07
5	L&T Equity Savings Fund – Growth	5.95

Disclaimer: These are the Best Hybrid Funds in 2019 based on their return value. This post does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read all the related documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.

(You are Reading Best Hybrid Funds in 2019)

Tags: #Mutual Funds #Investment #Hybrid Funds #Best Hybrid Funds in 2019

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ITI Long-Term Equity Fund – ELSS Fund – NFO of ITI Mutual Fund

Investingly — Sat, 17 Aug 2019 11:07:08 +0000

ITI Mutual Fund is launching its new fund named ITI Long-Term Equity Fund. This new fund is being launched in the NFO (New Fund Offer) from 15^th July 2019 to 14^th October 2019. During this offer, the units of the new fund will be offered to the investors at a price of Rs 10 per unit. The upcoming fund is an open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.

ITI Long-Term Equity Fund – NFO Details

Type of Offer	NFO (New Fund Offer)
Name of the Fund	ITI Long-Term Equity Fund
Name of the Fund House	ITI Mutual Fund
Type of Scheme	Open-Ended
Category of Scheme	ELSS (Equity-Linked Saving Scheme) Fund
Offer Starts	15^th July 2019
Offer Ends	14^th October 2019
Plans	Regular and Direct
Options	Growth and Dividend
NFO Unit Price	Rs 10 Per Unit
Minimum Investment	Rs 500
Entry Load	Nil
Exit Load	Nil
Investment Manager	ITI Asset Management Limited
Fund Manager(s)	Mr. Pradeep Gokhale, Mr. George Heber Joseph
AMC Address	Naman Midtown ‘A’ Wing, 21^st Floor, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013 Website: www.itimf.com

ITI Long-Term Equity Fund – Scheme Features

This is an open-ended ELSS (Equity-Linked Saving Scheme) with a statutory lock in of 3 years and tax benefit.
The investment objective of this scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities.
It will follow Nifty 500 Total Return Index as a benchmark.

ITI Long-Term Equity Fund – Important Documents

Please click here to read the Scheme Information Document (SID) of this upcoming NFO.

Tags: #NFO #Mutual Fund #ITI Mutual Fund NFO #New Fund Offer #ITI Long-Term Equity Fund

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Sundaram Equity Fund – A Multicap Fund – NFO of Sundaram Mutual Fund

Investingly — Sat, 17 Aug 2019 10:11:15 +0000

Sundaram Mutual Fund is launching its new fund named Sundaram Equity Fund. This new fund is being launched in the NFO (New Fund Offer) from 16^th August 2019 to 30^th August 2019. During this offer, the units of the new fund will be offered to the investors at a price of Rs 10 per unit. The upcoming fund is an open-ended equity scheme which will invest across large cap, mid cap, small cap stocks. Sundaram Mutual Fund is sponsored by Sundaram Finance Limited, a subsidiary of Sundaram Finance Group, a Chennai based financial services company. The assets of this company are managed by Sundaram Asset Management Company Limited, a joint venture between Sundaram Finance Limited and Mauritius based Stewart Newton Holdings Limited. As on 30^th June 2019, the Asset Under Management (AUM) of Sundaram Mutual Fund stands at Rs 31,220.13 crore.

Sundaram Equity Fund – NFO Details

Type of Offer	NFO (New Fund Offer)
Name of the Fund	Sundaram Equity Fund
Name of the Fund House	Sundaram Mutual Fund
Type of Scheme	Open-Ended
Category of Scheme	Equity: Multi Cap Fund
Offer Starts	16^th August 2019
Offer Ends	30^th August 2019
Plans	Regular and Direct
Options	Growth and Dividend
NFO Unit Price	Rs 10 Per Unit
Minimum Investment	Rs 100
Entry Load	Nil
Exit Load	Nil; 1% if redeemed within 12 months
Investment Manager	Sundaram Asset Management Company Limited
Fund Manager(s)	Equity: S Krishnakumar and Bharath S Fixed Income: Dwijendra Srivastava Investments in overseas securities: Rohit Seksaria
AMC Address	Sundaram Towers, I & II Floor, 46, Whites Road, Chennai – 600 014. India Website: www.sundarammutual.com

Sundaram Equity Fund – Scheme Features

This is an open ended equity scheme investing across large cap, mid cap, small cap stocks.
The investment objective of the scheme is to generate capital appreciation by investing in a diversified portfolio of equity & equity related instruments across market capitalisation.
This scheme will follow the S&P BSE 500 TRI index.

Sundaram Equity Fund – Asset Allocation

Sundaram Equity Fund – Important Documents

Please click here to read the Scheme Information Document (SID) of Sundaram Overnight Fund.

Tags: #NFO #Mutual Fund #Sundaram NFO #New Fund Offer #Sundaram Mutual Fund #Sundaram Equity Fund

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Tata Nifty Private Bank Exchange Traded Fund – NFO of Tata Mutual Fund

Investingly — Sat, 17 Aug 2019 09:24:00 +0000

Tata Mutual Fund is launching its new fund named Tata Nifty Private Bank Exchange Traded Fund. It is an exchange-traded fund which will follow the Nifty Private Bank Index. The Tata Nifty Private Bank Exchange Traded Fund will be launched in the NFO (New Fund Offer) from 16^th August 2019 to 29^th August 2019. Tata mutual fund is sponsored by Tata Sons Limited and Tata Investment Corporation Limited. As on 30^th June 2019, the total Asset Under Management (AUM) of Tata Mutual Fund stands at Rs 53,640.70 crore. By clicking this link, you may visit the company’s website for more details.

Tata Nifty Private Bank ETF – NFO Details

Offer Type	NFO (New Fund Offer)
Fund Name	Tata Nifty Private Bank ETF (Exchange Traded Fund)
Fund House	Tata Mutual Fund
Scheme Type	Open-Ended
Scheme Category	ETF or, Exchange-Traded Fund
NFO Starts	16^th August 2019
NFO Ends	29^th August 2019
NFO Unit Price	Rs 10 Per Unit
Minimum Investment	Rs 5,000
Entry Load	Not Applicable
Exit Load	No
AMC	Tata Asset Management Limited
Fund Manager	Shailesh Jain
AMC Address	1903, B-Wing, Parinee Crescenzo, G-Block, BKC, Bandra (East), Mumbai – 400 051 Website: www.tatamutualfund.com

Tata Mutual Fund NFO – Scheme Features

This is a mutual fund which is sponsored by Tata Sons Limited (TSL) and Tata Investment Corporation Limited (TICL).
Earnings of the Fund is exempt from income tax under Section 10(23D) of the Income Tax Act, 1961.
This is an open-ended Exchange Traded Fund (ETF) which will be tracking Nifty Private Bank Index.
The investment objective of the scheme is to provide returns that is closely correspond to the total returns of the securities as represented by the Nifty Private Bank index.
Being an Exchange Traded Fund, the Units of the Scheme will be listed on the NSE and/or any other stock exchange within such time as the Exchange may allow or within such time as the Regulations permit. An investor can buy/sell Units on the Exchange during the trading hours like any other publicly traded stock.

Tata Nifty Private Bank ETF (Exchange Traded Fund) – Investment Pattern

Equity & Equity Related Instrumentscomprising the Nifty Private Bank Index in the same proportion (weightage) as in the Index and endeavor to track the benchmark index.
Investment in Money Market Instruments like Commercial Paper, Certificate of Deposit, Treasury Bills and short term debt instruments etc

For more details about the scheme, please refer to this Scheme Information Document (SID).

Tags: #NFO #Mutual Fund #Tata NFO #New Fund Offer #Tata Nifty Private Bank ETF

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SREI Equipment Finance NCD 2019 – Coupon Rate, Date, Prospectus

Investingly — Fri, 16 Aug 2019 13:40:06 +0000

SREI Equipment Finance Limited, a Kolkata based financial services company of Srei Group, is issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 8,000 crore through the tranche-2 issue. SREI Equipment Finance NCD 2019 opens for investment on 19^th August 2019 and closes on 18^th September 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate (rate of interest) of up to 10.92% on investment.

About SREI Equipment Finance Limited

This company was founded in the year 2006 in Kolkata, West Bengal. It is one of the major equipment finance companies in India. It operates across 21 states with 89 branches and 4 offices. As of 30-Sep-2017, the company has more than 64,000 customers who are fresh users, fleet owners, contractors, large corporations and project owners.

The company finances for the purchase of equipment including construction, mining and allied equipment, tippers, IT and allied equipment, farm equipment and other assets. They are also engaged in providing equipment on leases as and when required by the customers across the business verticals. They offer financial services at the different stages of the equipment lifecycle including acquisition, deployment, maintenance, second life financing, and exiting.

SREI Equipment Finance NCD 2019 – Issue Details

Issue Type	Secured Non-Convertible Debentures (NCDs)
Issuer Company	SREI Equipment Finance Limited
Issue Opens	19^th August 2019
Issue Closes	18^th September 2019
Coupon Rate (ROI)	Up to 10.92%
Face Value	Rs 1,000
Issue Price	Rs 1,000
Minimum Order Quantity	10 NCD (Rs 10,000)
Issue Size	Up to Rs 8,000 Crores
Listing	BSE
Listing Date	Within 6 Working Days of Issue Closing Date
Rating	BWR AA/Negative ACUITE AA/Negative
Lead Managers	Karvy Investor Services Limited SMC Capitals Limited
Registrar	Karvy Fintech Private Limited
Company Contact Details	Room no. 12 & 13, 2^nd Floor, 6A, Kiran Shankar Roy Road, Kolkata – 700 001, West Bengal Website: www.sreiequipment.com

Issue Prospectus and Other Details

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Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.

Tags: #Investment #Debentures #NCD #Tata Capital

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BNP Paribas Global Innovative Technology Fund – Upcoming NFO 2019

Investingly — Tue, 13 Aug 2019 11:06:28 +0000

BNP Paribas Mutual Fund is launching a new fund with the name BNP Paribas Global Innovative Technology Fund during NFO (New Fund Offer). This is an open-ended equity fund of fund which aims at investing predominantly in units of Parvest Disruptive Technology. The BNP Paribas NFO 2019 opens on 16^th August 2019 and closes on 30^th August 2019. During the offer, the units of this mutual fund will be issued at a price of Rs 10 per unit.

BNP Paribas Mutual Fund was incepted in the year 2004. Its earlier name was ABN AMRO Mutual Fund. The funds of this mutual fund are managed by BNP Paribas Asset Management Asia Limited which is one of the world’s largest asset management company having the presence in 30 countries. As on 30-June-2019, the Asset Under Management of the company is Rs. 7242.52 crore.

BNP Paribas NFO 2019 – Offer Details

Type of Offer	NFO (New Fund Offer)
Fund House	BNP Paribas Mutual Fund
Name of the Fund	BNP Paribas Global Innovative Technology Fund
Type of Scheme	Open-Ended
Category of Scheme	Internnational
NFO Starts	16^th August 2019
NFO Ends	30^th August 2019
NFO Unit Price	Rs 10 per unit
Minimum Investment	Rs 5,000/-
Plans	Regular, Direct
Options	Growth, Dividend
Entry Load	Not Applicable
Exit Load	1% if redeemed within a year; otherwise Nil
Investment Manager	BNP Paribas Asset Management India Private Limited, BNP Paribas House, 1, North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (E), Mumbai – 400051. India
Fund Manager (s)	Mr Abhijeet Dey, Mr Karthikraj Lakshamanan

BNP Paribas NFO 2019 – Scheme Features

The investment objective of the mutual fund scheme is to get capital appreciation by investing majorly in the units of Parvest Disruptive Technology Fund.
This is an open-ended equity fund, which is Fund of Fund (FoF).
This fund will invest is asset in existing Parvest Disruptive Technology Fund from Luxembourg.
There is a high risk associated with this scheme.

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Tags: #NFO #Mutual Fund #BNP Paribas NFO #New Fund Offer #BNP Paribas Mutual Fund #BNP Paribas NFO

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Wipro Buyback 2019 – Date, Price, Letter of Offer

Investingly — Tue, 13 Aug 2019 08:51:27 +0000

Wipro Limited has announced the buyback of 32,30,76,923 equity shares from the shareholders at a price of Rs 325 per equity share. The record date for this buyback offer is 21^st June 2019. Wipro Buyback 2019 offer starts on 14^th August 2019 and it closes on 28^th August 2019. The board meeting of the company was held on 16^th April 2019. in which this buyback was approved by the board of directors. The last date for the extinguishment of equity shares is scheduled as 16^th September 2019.

Wipro Limited was incorporated on December 29, 1945. It is a leading global information technology, consulting and business process services company. The Company has over 1,70,000 dedicated employees serving clients across six continents. The name of the Company was changed from Western India Vegetable Products Limited to Wipro Products Limited on June 7, 1977, and subsequently to Wipro Limited on April 28, 1984. The Equity Shares of the Company were listed in the year 1995 on the NSE and an application for listing of equity shares was filed with BSE in the year 1946-47. The ADRs of the Company were listed on NYSE in the year 2000.

Wipro Buyback 2019 – Offer Details

Offer Type	Buyback of Fully Paid-up Equity Shares
Record Date	21^st June 2019
Buyback Starts	14^th August 2019
Buyback Ends	28^th August 2019
Number of Shares	32,30,76,923 Equity Shares
Face Value	Rs 2/-
Buyback Price	Rs 325 Per Equity Share
Maximum Buyback Size	Rs 10,500 crores
last Date for the Extinguishment of Equity Shares	16^th September 2019
Broker of the Company	Choice Equity Broking Private Limited
Designated Stock Exchange	BSE
Letter of Offer	Click Here
Manager of the Buyback	JM Financial Limited
Registrar of the Buyback	Karvy Fintech Private Limited
Company’s Office	Doddakannelli, Sarjapur Road, Bengaluru-560035, India

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Tags: #Buyback Offer #StockMarket #Wipro

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