Inflation at 8-yr low, Tata Capital IPO listing, HeroMoto enters Italy, & more - Groww Digest
Monday, 13 October 2025
Markets opened below Friday’s closing point.
Nifty 50 stayed within a range and closed in the red.
PSU bank stocks and media stocks rose the most today. FMCG stocks and consumer durables stocks fell the most.
Global markets: US markets and Asian markets fell. Most European markets rose (as of 6 pm IST).
News
India’s retail inflation rate fell to 1.54% year-on-year in Sept (vs 2.07% in Aug), the lowest since June 2017.
China’s exports grew 8.3% year-on-year in Sept (vs 4.4% in Aug). Imports grew 7.4% (vs 1.3% in Aug). The country’s trade surplus stood at $90.45 billion (vs $102.33 billion in Aug).
Tata Capital IPO listed on the stock exchanges at a premium of 1.23% over the issue price and closed 1.38% up at the end of the day.
Canara HSBC Life Insurance IPO has been subscribed 0.27 times. Retail subscription: 0.27 times. IPO closes tomorrow (14 Oct).
Canara Robeco IPO was subscribed 9.74 times. Retail subscription: 1.91 times. IPO is closed for subscription.
Rubicon Research IPO was subscribed 103.9 times. Retail subscription: 35.47 times. IPO is closed for subscription.
Stocks Updates
Asian Paints: company subsidiary, Asian White Inc. FZE, began commercial production of white cement and clinker at its Fujairah (UAE) facility.
Hindustan Zinc: received a Rs 70.45 lakh penalty with tax and interest GST order from Udaipur authorities for FY18 to FY23.
L&T: received large orders (Rs 2,500 crore to Rs 5,000 crore) for grid infrastructure in the Middle East, including 400kV and 132kV substations and 380kV transmission lines.
Bajaj Housing Finance: raised Rs 1,000 crore through non-convertible debentures at 6.95% interest, maturing in Jan 2028.
Hero Moto: entered the Italian market through a partnership with Pelpi International, launching 2 of its models — Hunk 440 and Xpulse 200.
HCL Tech: net profit remained flat at Rs 4,235 crore in the July-Sept quarter. Dividend declared: Rs 12 per share; record date: 17 Oct.
Word of the Day
Expense Ratio
It is the fee charged by mutual funds for managing investor money
It is calculated as a percentage of the total money invested. It applies annually but is deducted every day based on the latest value of the investment.
It is automatically deducted from your investment every day, you do not have to pay it separately.
Usually passively managed funds have lower expense ratios than actively managed funds.
Different funds have different expense ratios.
The returns that you see are after the expense ratios are already deducted.
6 Day Course
Theme: importance of timing in mutual funds
Day 1: Monday
Should we be timing our investments in mutual funds?
We will explore the topic this week.
When you invest in any mutual fund, you get units based on the NAV price.
But the NAV price changes every day. So which day’s NAV will you get?
For all mutual funds, the cut-off time is 2 pm.
- Investment before 2 pm: same day’s NAV
- Investment after 2 pm: next day’s NAV
But for liquid funds and overnight funds, the cut off timing is different:
- Investment before 12 noon: yesterday’s NAV
- Investment after 12 noon: same day’s NAV
If you are investing a very large amount (Rs 10 lakh, etc), it may take 1-2 days for the money to reach the mutual fund.
The cut-off time applies only when the amount reaches the mutual fund — not when you make the payment.
Also, these cut off timings can be slightly different on different mutual fund platforms.
How much does this matter? We will explore tomorrow.
We explored the question “What if I only bought the highest-dividend stocks?”
Check out the full report here
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