Holding‑company discount: listed holding companies that are fully transparent trade at roughly 70 % discount to their net asset value.
Record SIP inflow in August 2026 was ₹32,297 crore, up from ₹31,961 crore in July 2026.
Independent directors should protect all minority shareholders, not merely stay independent of promoters or insiders.
SEBI study shows anchor‑manager funds sell about 50 % of their IPO allocations within a year.
RBI charges a fixed fee of 3 % p.a. for issuing USD to NRIs under the FCNR redemption reserve, with the NRI USD rate around 6 % p.a.
- Titan (Rakesh Jhunjhunwala) 3400× over 23 years
Based on these observations I recommend mandatory disclosure of anchor‑manager IPO activity for the past three years, mirroring existing lead‑manager IPO performance disclosures.
- Page Industries 102× over 18 years
- Atul Auto 60× over 12 years
- Jindal Stainless 16× over 15 years
In September 2026 I posted on X about the Helios Mid‑Cap Fund, its AUM, portfolio moves, and broader industry observations ranging from overseas‑investment capacity limits to corporate‑governance issues at Hikal Ltd. and the Tata Group saga.
AUM now sits at 13,715 crore rupees.
My personal stake increased by ≈4 crore rupees after adding Swiggy, V2 Retail and GMR Airports.
Service request ID HMFI0004356 (stuck 3 days).
8,70,770 shares × ₹510.42 = ₹44.42 crore ka more exposure.
The overseas‑investment capacity limit for Indian mutual funds is USD 7 bn, and I questioned whether excess capacity should be pooled centrally for redistribution.
Holding companies in India typically trade at a discount to NAV, while Bajaj Holdings trades at a premium, probably the only exception in listed space in India.
Tata Sons is valued in media at US$ 125 billion to US$ 150 billion, and despite Tata Trusts wanting it private, RBI rejected that request, sparking market rallies on listing hopes.
The chairmanship election at Hikal Ltd. sees votes roughly equal, leaving the decision to public shareholders and mutual‑fund votes.