NSE's investor base crosses 12 cr, HAL signs Rs 62,370 cr deal with MoD, & more -Groww Digest
Thursday, 25 September 2025
Markets opened below yesterday’s closing point.
Nifty 50 fell throughout the day and closed in red.
All sectors’ stocks fell today except for the metal stocks. Realty stocks and IT stocks fell the most.
Global markets: US markets fell. Asian markets showed a mixed trend. European markets fell (as of 6 pm IST).
News
The RBI issued guidelines to make two-step verification mandatory for all digital payments from April 2026.
The NSE’s unique investor base crossed 12 crore, with total investor accounts reaching 23.5 crore.
PhonePe has filed a Draft Red Herring Prospectus (DRHP) with SEBI through the confidential route.
IValue Infosolutions IPO was listed on the stock exchanges at a loss of 4.70% to the issue price and closed 5.74% down at the end of the day.
TruAlt Bioenergy IPO has been subscribed 0.44 times. Retail subscription: 0.30 times. IPO closes on 29 Sept.
Jain Resource Recycling IPO has been subscribed 1.24 times. Retail subscription: 1.28 times. IPO closes tomorrow (26 Sept).
Epack Prefab Technologies IPO has been subscribed 0.59 times. Retail subscription: 0.72 times. IPO closes tomorrow (26 Sept).
Anand Rathi IPO was subscribed 20.66 times. Retail subscription: 4.78 times. IPO is closed for subscription.
Seshaasai Technologies IPO has been subscribed 68.13 times. Retail subscription: 9.17 times. IPO is closed for subscription.
Stocks Updates
L&T: the company and Bharat Electronics have formed a strategic partnership for the 5th generation fighter aircraft programme of the Indian Air Force.
Tata Steel: has infused Rs 4,055 crore into its Singapore-based subsidiary, T Steel Holdings, as part of its capital support.
HAL: has signed a deal worth Rs 62,370 crore with the Ministry of Defence for supplying 97 Light Combat Aircraft (LCA) to the Indian Air Force.
Waaree Energies: has invested Rs 300 crore in its battery-focused arm, Waaree Energy Storage Solutions, a wholly-owned subsidiary, through a rights issue to build a lithium-ion cell plant.
Word of the Day
Dividend Payout Ratio
It shows how much of a company’s profit is given to shareholders as dividends
Based on the profits a company earns, it may give dividends to its shareholders. The percentage of profit paid as dividends is called the dividend payout ratio.
Dividend payout ratio = (dividends paid ÷ profit) x 100
Example: a company earns Rs 1,000 and out of that, pays Rs 300 as dividends. The dividend payout ratio will be 30% — meaning 30% of the profit went to shareholders as dividends. The rest was kept for growth, R&D, or other uses.
6 Day Course
Theme: tax on shares & mutual funds
Day 4: Thursday
Now, let’s talk about SIPs.
SIPs are actually not taxed any differently. Whatever rules apply to mutual funds apply pretty much the same to SIPs.
This is because SIPs are not different investments, they are just a method of investing in mutual funds.
What investors need to keep in mind is that each SIP payment is treated as an individual investment.
So, let’s say you invested in an equity mutual fund via SIPs in Jan 2023. If you:
- Withdraw this investment before Jan 2024, pay STCG tax
- Withdraw this investment after Jan 2024, pay LTCG tax
For the investment made in Feb 2023, the 1-year cutoff point will be considered as Feb 2024.
This does make calculations a bit complicated because investors usually do not withdraw month wise. They withdraw larger amounts at one go.
But the fact remains. The calculation will be done considering each month’s investment separately.
Featured Question
Q. “like LTCG which is virtually exempt up to the stock market only income of 5.25lakh as stated in todays six day course. does STCG also exempt up to the same limit (i.e.) 5.25 lakh?”
The exemption is up to Rs 4 lakh for income tax.
So, if your income + STCG is below Rs 4 lakh, you will pay Rs 0 as tax.
Since long term equity mutual fund gains have a Rs 1.25 lakh exemption, it gets added to the Rs 4 lakh income tax exemption.
So, if your income + LTCG is below Rs 5.25 lakh, you can pay Rs 0 as tax.
Effectively, the exemption limit is:
- Up to Rs 4 lakh for STCG
- Up to Rs 5.25 lakh for LTCG
(if we consider income as Rs 0)
Do note, even if you owe no taxes, you still have to file and show your tax returns.
Also, another point to remember is that STCG and LTCG apply on investing gains.
Trading gains are taxed based on the income tax slabs. STCG and LTCG tax do not apply on them.
This means that income made from intraday trading, F&O, commodity trading, forex trading, etc are taxed as per income tax slabs.
Did you like this edition?
Leave a feedback here!