Nummus Prosperity

Understanding Mutual Fund Cut-Off Timings: How a Few Minutes Can Impact Your Wealth When you invest in a mutual fund, you might assume that the moment you click "Invest," your money is instantly put to work at that exact moment's value. In reality, mutual fund transactions operate on a strict schedule dictated by cut-off timings . As shown in the schedule below, whether you submit your transaction a few minutes before or after 3:00 PM completely alters the date your investment is processed—and consequently, the Net Asset Value (NAV) you receive. The Cut-Off Schedule At a Glance The table below illustrates exactly how a 3:00 PM cut-off determines your transaction date, especially when weekends come into play: What is Mutual Fund Cut-Off Timing? Unlike stocks, which trade continuously throughout the day with fluctuating prices, mutual funds are priced only once a day at the end of the trading market session. This price is known as the Net Asset Value (NAV) . ...

The SME IPO Paradox: How Smaller Issues Are Outrunning Macro Fears and FII Outflows It seems contradictory at first glance. The broader stock market faces deep corrections, foreign institutional investors (FIIs) are pulling out billions, and geopolitical tensions—like the US-Israel-Iran conflicts—frequently trigger "risk-off" panic globally. Yet, the primary market for Small and Medium Enterprises (SMEs) in India continues to see robust activity and massive subscription numbers. The decoupled success of SME IPOs during macro volatility boils down to several distinct structural, financial, and behavioural factors. 1. Domestic "Sip" Liquidity vs. FII Outflows The secondary market correction is heavily driven by massive Foreign Institutional Investor (FII) selling (with tens of billions leaving Indian equities). However, SME IPOs do not rely on foreign capital. They are heavily fuelled by domestic liquidity —from retail investors, High Net Worth I...

Rajesh Exports Scam Explained: How a ₹15 Lakh Crore Financial Fraud Unravelled This is indeed one of the most staggering corporate governance and financial misrepresentation stories to hit the Indian capital markets in years. On June 3, 2026 , the Securities and Exchange Board of India (SEBI) issued a massive 109-page interim order that completely blew the lid off the financials of Bengaluru-based gold refiner Rajesh Exports (REL). The numbers being thrown around are almost hard to process: SEBI alleges that 97% to 99% of the company's consolidated revenue was inflated , amounting to a mind-boggling ₹15.15 lakh crore ($158 billion) over a five-year period (FY21 to FY25). To understand how we got here and why the market is reeling, let’s break down the anatomy of this crisis from its inception. 1. The Trigger: How the House of Cards Was Exposed The downfall didn't happen overnight, but the official investigation began with a spark from the public: The Sharehold...

Cabinet Deploys Rs 10,000-Cr Circuit Breaker For Aviation Sector: Inside The Fiscal Architecture And What It Means For Investors The Union Cabinet, chaired by Prime Minister Narendra Modi, has cleared a strategic Rs 10,000-crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund. Designed to insulate scheduled Indian airlines from a severe external crude shock, the intervention comes after international jet fuel prices skyrocketed 2.5 times—surging from Rs 60.5 per litre in March 2026 to Rs 142 per litre in May 2026 due to the escalating West Asia crisis and Pakistan's airspace closure. By routing interest-free advances to state-owned Oil Marketing Companies (OMCs), the government has capped domestic ATF at Rs 75.6 per litre and established a fixed-price predictability mechanism for international routes. Crucially for macro-watchers, this package is structured as a self-liquidating revolving advance, ensuring a neutral long-term impact on India's fiscal deficit. HOW THE...

India engaged with US on proposed 12.5% Section 301 tariffs, FTA framework talks USTR Proposes New Tariffs: India Engaged in Consultations The Office of the United States Trade Representative (USTR) has proposed additional tariffs on imports from 60 economies, including India, following investigations under Section 301 of the U.S. Trade Act of 1974 . The investigations cantered on the alleged failure of these nations to adequately prohibit the importation of goods produced with forced labour. Key Takeaways Proposed Tariffs: The USTR has proposed a 12.5% additional duty on goods from most of the 60 investigated economies, including India.  A lower 10% duty is proposed for six economies (e.g., Canada, Pakistan, EU) that have demonstrated partial commitment or specific trade agreements regarding forced labour. Status: These measures are not final .  The proposal is currently in a consultation phase, allowing for public comment and hearings before a final decision is reached. ...