…Source: SEBI consultation Table 1 · reproduced by TaxGuru A closing auction in plain language Explanation: During an auction, orders are collected and matched through a price-discovery process. A continuous market matches trades…
…& thematic 0.93 Flexi cap 0.87 Focused 0.85 ELSS (tax saver) 0.77 Large cap 0.73 Small cap 0.65 Value & contra 0.62 Dividend yield 0.6 Median of Direct Growth schemes in each category. Source: AMFI NAVs, MF Analyser calculation…
…Value (%) Large cap -0.74 Dividend yield -1.11 ELSS (tax saver) -1.23 Focused -1.33 Flexi cap -1.36 Value & contra -1.38 Sectoral & thematic -1.44 Large & mid cap -1.47 Multi cap -1.57 Mid cap -2.01 Small cap -2.18 Median of…
…economic outcome because their entry date, quantity, taxes and eventual sale date can differ. A useful valuation review asks what future operating performance is needed to justify the share price. That review belongs alongside…
…is 0.90 × 1.03 − 1 = minus 7.3%, before costs and taxes. If the currency move goes the other way by 3%, the result is 0.90 × 0.97 − 1 = minus 12.7%. Neither currency outcome is a forecast. The example shows why an overseas-market…
…a real friction before considering accrued interest, taxes, charges or any change in value. Opening another hour does not automatically narrow that spread. For a ₹1 lakh exposure, a 1% execution shortfall is ₹1,000. If expected…
…IDBI Bank reported ₹2,205 crore of profit after tax for the quarter ended 30 September 2026, compared with ₹3,627 crore a year earlier. That is a fall of about 39%. The same release reports approximately 14% growth against its…
…reading bank growth. The headline shows profit after tax up 38% year on year and advances up 23%. The bank also publishes advances growth of 19% after a specified FCNR(B)-related adjustment. A reader who records only the biggest…
…of profit momentum. Standalone profit after tax grew 4.7% year on year. The bank also disclosed growth of approximately 12.6% when treasury trading gains are excluded. Both measures deserve a place in the discussion, because they…
…costs. Excludes underlying scheme expenses and taxes. Source: MF Analyser worked example A service can justify a cost through useful work, but the work and the total charge should be visible. Compare the fee base, fixed and…
…costs, central overhead, financing, depreciation, tax and other items can consume part or all of it. The investor should understand each margin definition before comparing businesses. The same logic applies to an order book. It…
…is a reason to examine depreciation, financing, tax and other items rather than treating an operating margin as shareholder cash. Hospitals also have different collection arrangements. Patients, insurers and government programmes…