SBI Funds Management, one of India’s leading asset management companies, is launching an initial public offering (IPO) to raise up to ₹9,812.91 crore. The issue opens for subscription on July 14, 2026, and will close on July 16, 2026, with a price band fixed at ₹545 to ₹574 per share. Since the IPO is entirely an offer for sale (OFS), the company will not receive any proceeds from the issue. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 21, 2026, subject to allotment and necessary regulatory approvals.
SBI Funds Management IPO Day 3 Subscription Status
On Day 3, SBI Funds Management. IPO witnessed a strong investor turnout, closing with an overall subscription of 41.72 times. The QIB category led the demand approx 140.11 times, The Non-Institutional Investors 22.50 times subscription Overall, indicating good participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 26.01 times, while the sNII (less than ₹10 lakh) segment saw 15.50 times subscription. The Retail Individual Investors (RII) category was subscribed 3.74 reflecting healthy retail interest, the issue garnered 63,36,302 applications, with total bids amounting to approximately 2,98,279.95 crore, showcasing confidence across investor categories in the company’s growth potential.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
140.11
Non-Institutional Investors (NII)
22.50
bNII (above ₹10 lakh)
26.01
sNII (less than ₹10 lakh)
15.50
Retail Individual Investors (RII)
3.74
Total Subscriptions
41.72
Total Applications: 63,36,302 crore
Total Bid Amount (₹ Crores): 2,98,279.95
How to Check SBI Funds Management IPO Allotment Status?
SBI Funds Management IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
For SBI Funds Management IPO, the issue is a 100% Offer for Sale (OFS) with no fresh issue component. Therefore, the company will not receive any proceeds from the IPO. The entire proceeds of approximately ₹9,812.91 crore will be received by the selling shareholders after deducting applicable expenses and taxes.
Use of IPO Proceeds
Amount (₹ Cr)
Proceeds to be received by selling shareholders through Offer for Sale (OFS)
9,812.91
SBI Funds Management – Day 3 Update
The grey market premium (GMP) of the SBI Funds Management stands at ₹95 as of July 16, 2026 (Day 3). Considering the upper end of the price band at ₹574 per share, the estimated listing price is around ₹669, reflecting a potential gain of approximately 16.32% per share in the grey market.
Date
GMP
Est. Listing Price
Gain
16-07-2026 (Day 2)
₹95
₹669
16.32%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
SBI Funds Management IPO – Key Details
Particulars
Details
IPO Opening Date
July 14, 2026
IPO Closing Date
July 16, 2026
Issue Price Band
₹545 to ₹574 per share
Total Issue Size
17,09,56,631 shares (aggregating up to ₹9,812.91 Cr)
Important Dates for SBI Funds Management IPO Allotment
Event
Date
Tentative Allotment
July 17, 2026
Refunds Initiation
July 20, 2026
Credit of Shares to Demat
July 20, 2026
Listing Date
July 21, 2026
Overview Of SBI Funds Management
SBI Funds Management Limited is one of India’s leading asset management companies, offering a wide range of mutual funds and investment solutions across equity, debt, hybrid, and other asset classes. The company serves retail and institutional investors through an extensive distribution network across India. Backed by SBI and Amundi, SBI Funds Management has established a strong presence in India’s growing mutual fund industry. With increasing financial awareness, rising mutual fund participation, and growing demand for professionally managed investments, the company continues to strengthen its position in India’s asset management sector.
Frequently Asked Questions (FAQs)
What is the opening and closing date of SBI Funds Management IPO ?
SBI Funds Management IPO will open on 14 July 2026 and will close on 16 July 2026.
What is the price band of the SBI Funds Management IPO ?
Its price band is fixed from ₹545 to ₹574 per share.
What is the GMP (Grey Market Premium) of SBI Funds Management IPO today?
The GMP on 16 July 2026 is ₹95, which leads to a possible listing price of ₹669.
What is the total issue size of SBI Funds Management IPO?
The total issue size of the SBI funds Management IPO is ₹9,812.91 crore, The IPO is entirely an Offer for Sale (OFS).
What is the expected listing date of SBI Funds Management ?
This IPO is expected to be listed on BSE and NSE on July 21, 2026.
Many individuals seek ways to participate in this digital revolution without the risk of picking individual stocks. A simple and highly effective method exists to achieve this financial goal. This type of investing means putting your money in a basket of top software and technology companies.
Information technology market is highly dynamic and volatile. Holding a diversified portfolio of software stocks can be highly rewarding. Today, the discussion explores how individuals can easily take part in this exciting financial journey.
What is an Information Technology ETF?
An IT ETF stands for Information Technology Exchange Traded Fund. This is a special type of mutual fund that trades on the stock market just like regular shares. Finding the best it etf in india helps investors buy a small piece of all the top technology companies at one single time.
By doing this, individuals avoid the huge risk of relying on just one single company. An it etf list usually includes industry giants like Tata Consultancy Services, Infosys, and HCL Technologies. There are several excellent it etfs in india available today for regular investors.
These funds track a specific market index, such as the Nifty IT index. The main goal of an it etf india is to mirror the performance of this underlying technology index exactly. When the overall technology sector performs well, the fund’s value also increases. This provides a very simple and low-cost way for regular people to invest in the software and digital services industry.
The Nifty IT Index consists of the largest and most liquid Indian information technology companies. These companies represent a massive portion of India’s technology exports. Funds that track this index buy shares in the exact same proportion as the index itself. This passive management style keeps the overall running costs very low for investors.
List of Best 5 IT ETFs in India
The following table presents the top five information technology funds in India. They are ranked by their Assets Under Management (AUM).
ETF Name
Ticker Symbol
AUM (₹ Cr)
Price (₹)
Expense Ratio (%)
1Y Return (%)
3Y Return (%)
5Y Return (%)
Nippon India ETF Nifty IT
ITBEES
3,532.65
32.16
0.19
-25.57
0.47
1.35
ICICI Prudential Nifty IT ETF
ITIETF
532.42
31.02
0.17
-25.44
0.55
1.42
Kotak Nifty IT ETF
IT
234.00
31.06
0.08
-25.21
0.68
1.54
DSP Nifty IT ETF
ITADD
145
29.67
0.41
-25.31
0.54
NA
Axis NIFTY IT ETF
ITAXIS
143
308.41
0.21
-25.54
0.45
1.36
Overview of Best 5 IT ETFs in India
1. Nippon India ETF Nifty IT
Nippon India ETF Nifty IT is the largest fund in this category. It currently manages assets worth ₹3532.65 crore. It trades under the popular symbol ITBEES on the stock exchanges. Having 0.19 expense ratio. The fund was launched in june 2020.
Over the past five years, it has delivered an annualised return of 1.35 percent. The recent one-year negative return of -25.57 percent reflects a global slowdown in technology spending. High interest rates globally have temporarily affected the profit margins of these Indian companies.
ETF Name
AUM (₹ Cr)
1Y Return (%)
3Y Return (%)
5Y Return (%)
Nippon India ETF Nifty IT
3532.65
-25.57
0.47
1.35
2. ICICI Prudential Nifty IT ETF
ICICI Prudential Nifty IT ETF is the second-largest fund in the segment. It holds an AUM of ₹532.42 crore. It trades under the symbol ITIETF and was launched in August 2020.
This scheme provides a highly accessible way for individuals to invest in the technology sector. The fund maintains a low expense ratio of 0.17 percent. It strictly replicates the Nifty IT index by investing heavily in major technology firms.
Being relatively new, its five-year return data is not yet available. However, it closely mirrors the broader market trends with a one-year return of -25.44 percent.
ETF Name
AUM (₹ Cr)
1Y Return (%)
3Y Return (%)
5Y Return (%)
ICICI Prudential Nifty IT ETF
532.42
-25.44
0.55
1.42
3. Kotak Nifty IT ETF
Kotak Nifty IT ETF manages assets worth ₹231.00 crore. It is highly notable for having the lowest expense ratio among its peers. The expense ratio stands at just 0.09 percent.
This incredibly low cost makes it very attractive for long-term investors. Launched in March 2021, the fund aims to generate returns that match the Nifty IT index. The fund holds a basket of reliable technology stocks.
Investors can buy this fund efficiently through any standard brokerage platform. Like other funds, it has faced short-term pressure with a one-year return of -25.21 percent.
ETF Name
AUM (₹ Cr)
1Y Return (%)
3Y Return (%)
5Y Return (%)
Kotak Nifty IT ETF
234.00
-25.21
0.68
1.54
4. DSP Nifty IT ETF
DSP Nifty IT ETF is a relatively newer entrant in the market. It was launched recently in July 2023. It currently holds assets under management worth ₹145 crore.
The fund trades under the symbol ITADD on the national exchanges. The expense ratio for this fund is at 0.17 percent. Since it is a new fund, five-year return metrics are not applicable yet.
It continues to provide targeted exposure to India’s top ten liquid and large-cap IT stocks. The fund experienced a one-year return of -25.31 percent due to the ongoing global tech sector correction.
ETF Name
AUM (₹ Cr)
1Y Return (%)
3Y Return (%)
5Y Return (%)
DSP Nifty IT ETF
145
-25.31
0.54
NA
5. Axis NIFTY IT ETF
Axis NIFTY IT ETF manages an AUM of ₹143 crore. It trades under the ticker symbol ITAXIS. It has a slightly higher unit price, trading around ₹308.41.
The fund charges a competitive expense ratio of 0.25 percent. This fund was introduced to the market in March 2021. It has shown a positive long-term trend with a five-year return of 7.62 percent.
The investment strategy focuses on the physical replication of the Nifty IT index components. The higher absolute share price does not affect the percentage returns for the investor.
Instant Diversification: Buying just one unit gives an investor exposure to multiple top software companies. This strategy significantly reduces the risk compared to investing all funds in one single stock.
Cost-Effective Investment: These funds generally feature a very low expense ratio. Investors save a lot of money on management fees, which naturally helps increase long-term profits.
Easy Liquidity: These funds trade directly on the stock exchange during normal market hours. Individuals can buy or sell them instantly, exactly like regular company shares.
Transparent Holdings: Investors do not need to spend hours researching individual companies. The fund automatically tracks the top technology businesses, and the portfolio is disclosed daily.
Disadvantages of investing in IT ETF
Sector Concentration Risk: All the invested money goes into the technology sector only. If the technology industry faces a tough period, the entire investment value will drop at the same time.
No Market Outperformance: These funds are designed only to copy the market index. They cannot beat the market or give higher returns than the index itself.
Brokerage and Demat Charges: Buying and selling these funds requires an active demat and trading account. Investors must pay brokerage fees and other small taxes for every single transaction.
Tracking Error: Sometimes the returns of the fund slightly differ from the actual index returns. This minor difference occurs due to internal cash management and daily expense deductions.
How to invest in IT ETF
Step 1: Open a Demat Account. An investor needs a valid demat and trading account to buy these funds.
Step 2: Complete the KYC Process. The user must submit basic identity documents online. This includes providing a PAN card, an Aadhaar card, and linked bank account details for smooth verification.
Step 3: Search for the ETF. Once the trading account is fully active, the investor can log into the app or website. Searching for the desired ticker symbol, like ITBEES or ITAXIS, will instantly bring up the fund details.
Step 4: Place the Buy Order. The investor simply needs to enter the number of units they wish to purchase. Clicking the buy button will execute the trade immediately, and the units will appear in the demat account shortly.
The Indian technology sector continues to hold immense potential for the future. Investing in ETFs, technology-focused funds offers a very straightforward path to participate in this ongoing digital growth. While there are certainly risks tied to focusing on a single sector, the clear benefits of low costs and instant diversification remain highly attractive.
A well-planned investment approach can help individuals build steady wealth over a long period. Selecting the right online trading platform, such as Pocketful, makes the entire investment journey smooth and completely hassle-free.
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It is a passive mutual fund traded directly on the stock exchange. It invests solely in the top information technology companies in India.
What are the main benefits?
These funds offer very low management costs, and easy trading on stock exchanges. Investors gain safe exposure to tech giants without picking individual stocks.
How do individuals use these funds?
Investors hold them in a standard demat account to build long-term wealth. They serve as a focused technology portion within a much broader investment portfolio.
Are these investments risky?
Yes, they carry sector concentration risk. If the global software industry struggles due to economic factors, the fund value will drop accordingly.
Do these funds pay dividends?
Most of these funds automatically reinvest company dividends back into the fund’s net asset value. This internal process helps in compounding the invested money much faster.
Picking the best stock broker in India is a decision that shapes every rupee you earn or lose to fee over the next decade. A full-service broker can charge you ten times more per trade than a discount broker for the exact same order. This gap grows over years and can cost you a lot.
That is why we have listed the top 20 stock brokers in India based on verified pricing pages, platform stability, and product depth. The aim is to help you pick the best broker for trading or investing without wading through affiliate-driven noise.
How We Ranked the Top Brokers in India
Every broker on this list was evaluated on six factors that actually affect your returns:
Brokerage charges, including delivery, intraday, F&O, AMC, and DP fee.
Platform stability during high-volume trading sessions.
Margin trading and leverage offerings.
Research, charting, and trading tools.
Customer support quality and speed.
SEBI registration and regulatory compliance.
Quick Comparison: Best Stock Brokers in India at a Glance
S.No
Broker
Account Opening
AMC
Delivery Brokerage
Intraday/F&O
Best For
1
Groww
Free
₹0
₹20 or 0.1% (lower)
₹20 flat
Beginners, SIP investors
2
Zerodha
Free
₹300 + GST
₹0
₹20 or 0.03%
Long-term investors, active traders
3
Angel One
Free
₹240/yr
₹20 or 0.1%
₹20 flat
Research-backed discount trading
4
Upstox
Free
₹300/yr (1st yr free)
₹20/order
₹20/order
F&O traders who want TradingView
5
Pocketful
Free
₹0
₹0
₹20 flat or 0.03%
Active traders wanting AI tools and low MTF
6
Dhan
Free
₹0
₹0
₹20/order
Options traders, zero AMC seekers
7
ICICI Direct
Free
₹700/yr
~0.29%
~0.029%
3-in-1 banking convenience
8
HDFC Securities
₹999
₹750/yr
0.32%
0.032%
HDFC Bank customers
9
Kotak Securities (Neo)
Free
Plan-based
Plan-based
Tiered plans
Young investors under 30
10
Motilal Oswal
Free
Standard
% based
% based
Research-driven investors
11
Paytm Money
Free
Low/nil
₹20-level
₹20-level
Casual mobile-first investors
12
Fyers
Free
Low
₹0 to ₹20 tier
₹20/order
Technical, chart-heavy traders
13
5paisa
Free
Low
Flat fee
₹20/order
Budget-conscious traders
14
m.Stock (Mirae Asset)
One-time fee plans
Plan-based
Zero-brokerage plan
Zero-brokerage plan
High-volume traders
15
SBI Securities
Standard
Standard
% based
% based
SBI account holders
16
Axis Direct
Standard
Standard
% based
% based
Axis Bank 3-in-1 users
17
Sharekhan
Standard
Standard
% based
% based
Offline branch support
18
IIFL Securities
Standard
Standard
% based
% based
Advisory and wealth products
19
Geojit
Standard
Standard
% based
% based
South India branch network
20
Rupeezy
Free
Low
₹0
₹20 or 0.03%
Strategy builders, MTF
Note: Charges above exclude statutory levies, which are identical across every broker since the government sets them. The data is based on information available online and is bound to change. Use it for educational needs only.
Now that you know the top ones, let’s take a quick deep dive into each to understand better. This will help you while making decisions.
1. Groww: Best Investing Platform for Beginners
Groww started as a mutual fund platform before expanding into stocks, with its founders deliberately building a product around simplicity. That approach helped it become the biggest stock broker in India by active clients.
Account opening is fully digital with ₹0 AMC, making it one of the best stock brokers for Investing. The trade-off is that charting remains basic, and commodity trading is still unavailable.
2. Zerodha: Best Overall Trading Platform for Indian Stocks
It was founded in 2010. It actually changed the Indian broking industry. It introduced the flat-fee pricing model, making it one of the top brokers in India. Its Kite platform handles high-volatility sessions well, while Varsity offers free market education for beginners.
As the best broker for trading, it balances reliability and simplicity, although customer support is primarily ticket-based with no physical branch network.
3. Angel One: Best Hybrid of Research and Discount Pricing
Angel One began as a traditional full-service broker. It recently transformed into a digital-first platform with discount pricing. Its AI-powered ARQ advisory engine and nationwide branch network make it suitable for investors who value research alongside affordability.
It remains one of the top 20 stock brokers in India, though the app frequently promotes additional financial products beyond stockbroking.
4. Upstox: Best for F&O Traders on a Budget
Founded in 2009, Upstox expanded rapidly after receiving backing from investors. These included Ratan Tata. Today, it offers TradingView integration, over 100 technical indicators, and useful derivatives tools without additional charges.
Platform stability has improved significantly in recent years, making it one of the best broker for trading for active F&O participants seeking advanced charting at a competitive cost.
5. Pocketful: Best for Active Traders Who Want AI Tools and Low-Cost Margin
Pocketful is a new aged technology-driven platform Backed by 27+ years of market experience, it combines low brokerage with modern technology. Features like Pocketful GPT, built-in TradingView charts, Advance tools for F&O and MTF rates starting at 5.99% have helped position it among the fastest growing stock brokers.
While its offline presence is smaller than legacy firms, it offers strong value for traders looking for an AI-powered best stock broker in India.
6. Dhan: Best Zero-Cost Structure for Options Traders
Launched in 2021, Dhan has quickly built a reputation among options traders with features like strategy builders, draggable chart orders, and TradingView integration. With ₹0 AMC and free equity delivery, it offers excellent value for active traders.
As one of the fastest growing stock brokers, Dhan keeps adding new features, although its research ecosystem is still developing compared to older brokers.
7. ICICI Direct: Best Full-Service Broker
This has been a trusted name since 2000. It is one of the top brokers in India for investors seeking a full-service experience. Its integrated 3-in-1 account, Trend Scanner, and extensive research appeal to long-term investors.
While the platform offers convenience and reliability, its standard brokerage charges are higher than those of most discount brokers.
8. HDFC Securities: Best for HDFC Bank Loyalists
HDFC Securities is known for its detailed research and relationship manager support. It offers smooth integration with HDFC Bank accounts. Its Smart Order Routing compares prices before placing trades. This helps investors secure better execution.
It remains a preferred choice among the best stock brokers for investing, though higher account opening fees and annual maintenance charges may discourage cost-conscious investors.
9. Kotak Securities (Neo): Best for Investors Under 30
Operating since 1994, Kotak Securities combines the trust of an established financial institution with the modern Neo trading platform. It also offers access to international stocks and advanced trading tools like Kotak Nest.
For young investors, it has been one of the top 20 stock brokers in India. But its pricing structure has changed several times.
10. Motilal Oswal: Best for Research-Driven Investors
It offers great in-depth equity research and long-term investment advice. It is not known for low brokerage alone. Investors also benefit from features like My Wallet and margin funding on select stocks.
If research is your priority, it remains one of the best stock brokers for Investing. But its pricing is generally higher than most discount brokerage platforms.
11. Paytm Money: Best for Casual, Mobile-First Investors
Paytm Money began as a direct mutual fund platform before expanding into stock and F&O trading. Leveraging the Paytm ecosystem, it offers a simple digital investing experience with paperless account opening and zero commission on direct mutual funds.
It is a good choice among the top brokers in India for casual investors, although advanced charting and trading tools remain fairly limited.
12. Fyers: Best Charting-First Platform for Technical Traders
It was built in 2015 with active traders in mind. It offers TradingView-powered charts. IT also has a well-documented API for strategy automation. Its trader-first approach helped to earn a loyal following despite a smaller customer base.
If technical analysis is your priority, Fyers is among the best broker for trading even when the presence is small.
13. 5paisa: Best for Budget-Conscious Traders
5paisa was one of India’s earliest discount brokers to popularise flat-fee brokerage across multiple investment products. Backed by the IIFL Group, it continues to attract cost-conscious traders with affordable pricing.
It remains one of the top 20 stock brokers in India for those focused on keeping trading costs low, although its charting capabilities are less advanced than many newer platforms.
14. m.Stock (Mirae Asset): Best for High-Volume Traders
Backed by Mirae Asset, m.Stock introduced a lifetime subscription model that offers zero brokerage on equity delivery, intraday, and F&O after a one-time payment.
Frequent traders can recover this cost quickly, making it an attractive option among the fastest growing stock brokers. However, occasional investors may not benefit enough from the upfront subscription fee.
15. SBI Securities: Best for SBI Account Holders
SBI Securities combines the trust of India’s largest public sector bank with a convenient 3-in-1 banking, trading, and Demat account. It also offers portfolio management, forex, derivatives, and regular market research.
For investors who prioritise reliability, it remains one of the best stock brokers for Investing, although its technology and trading interface still trail many modern discount brokers.
16. Axis Direct: Best for Axis Bank 3-in-1 Users
Axis Direct combines banking, trading, and Demat services. All these are through its seamless 3-in-1 account. It also offers detailed research reports, investment advice, and webinars for investors.
Among the top brokers in India, it appeals to research-focused users. Its percentage-based brokerage is high which can be a drawback for many traders.
17. Sharekhan: Best for Offline Branch Support
Sharekhan has built its reputation through a strong branch network. It runs investor education initiatives like Sharekhan Classroom. Along with research-backed recommendations, it allows traders to use fixed deposits as collateral for F&O positions.
It remains one of the best stock brokers for Investing. If you value personalised support, then its newer app-first platforms are the best.
18. IIFL Securities: Best for Advisory and Wealth Products
IIFL Securities blends traditional advisory services with modern investing tools, offering access to research platforms like Trendlyne and Refinitiv, along with IPO and mutual fund investing.
It is a suitable option among the top 20 stock brokers in India for investors seeking a broader wealth management experience. However, the absence of a dedicated 3-in-1 banking setup adds an extra step when transferring funds.
19. Geojit: Best for South India Branch Network
It was established in 1987. It has built a strong presence across South India and among NRIs in the Middle East. Its Flip platform works well with all assets. This makes it a well-rounded offering.
It remains one of the best stock brokers for Investing. It is still lacking in some of the top features for many newer digital-first competitors.
20. Rupeezy: Fastest Growing New-Age Broker to Watch
Rupeezy has rapidly expanded to over 300,000 customers by combining competitive pricing with trader-focused technology. Features like a no-code options strategy builder, F&O scanner, and unified ledger have helped position it among the fastest growing stock brokers.
Its product range is still growing. Based on it, this is now in the list of the best stock broker in India with advanced trading tools.
Discount Broker vs Full-Service Broker: Which Should You Choose
The choice is mainly based on cost and need. The table below can help you out.
Feature
Discount Broker
Full-Service Broker
Brokerage
Flat fee (usually ₹20 or less per order)
Percentage-based (around 0.3%–0.5% per trade)
Advisory
No personalised advice
Research reports and investment recommendations
Relationship Manager
Not available
Usually included
Best For
Active traders and DIY investors
Beginners, NRIs, and investors seeking guidance
Examples
Zerodha, Groww, Pocketful, Dhan
ICICI Direct, HDFC Securities
Example: For a ₹2 lakh delivery trade, a discount broker may charge ₹0–₹20. But a full-service broker may charge around ₹600. Self-directed investors usually save more with discount brokers.
Go to Intermediaries, then Recognised Intermediaries.
Search by the broker’s registered legal entity name.
Match the SEBI registration number with one on the broker’s website footer.
Cross-check active NSE membership on nseindia.com.
Read the broker’s mandatory Investor Charter and monthly complaint disclosure.
Confirm your demat account is with CDSL or NSDL before starting.
Note: Avoid brokers asking for payments to personal accounts or promising guaranteed returns.
Start Your Investment Journey with Pocketful
After comparing the top 20 stock brokers in India, choose a platform that matches your financial goals. Pocketful combines low brokerage, AI-powered research, TradingView charts, and competitive MTF rates, making it an excellent choice for both new and experienced investors. Open your account today and take the next step in your investing journey.
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Which is the best stock broker in India for beginners?
Groww and Zerodha are best for beginners. But Pocketful is a strong option for beginners who also want access to AI-assisted research without extra charges.
Which broker has the lowest brokerage charges in India?
Zerodha, Dhan, and Pocketful all charge ₹0 on equity delivery. For intraday and F&O, most of these brokers charge a flat ₹20 per order. All these are the deciding factors for traders.
Is Pocketful a good broker for active trading?
Yes. Pocketful offers zero brokerage on equity delivery and AMC. It offers a flat ₹20 per order on intraday and F&O. It also offers the lowest Margin Trading Facility rates starting at 5.99% PA.
What is the safest stock broker in India for large investments?
Safety depends on regulation rather than broker size. But if you wish to find the safest and low charge one, then Pocketful, Dhan, Zerodha, and a few others top the list.
Which are the best brokers for trading options and futures in India?
Pocketful and Dhan both offer zero AMC with strong options tooling, including advanced option chains and strategy features. This can help with stable trades.
SBI Funds Management, one of India’s leading asset management companies, is launching an initial public offering (IPO) to raise up to ₹9,812.91 crore. The issue opens for subscription on July 14, 2026, and will close on July 16, 2026, with a price band fixed at ₹545 to ₹574 per share. Since the IPO is entirely an offer for sale (OFS), the company will not receive any proceeds from the issue. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 21, 2026, subject to allotment and necessary regulatory approvals.
SBI Funds Management IPO Day 2 Subscription Status
On Day 2, SBI Funds Management. IPO witnessed a strong investor turnout, closing with an overall subscription of 2.80 times. The NII category led the demand, The Non-Institutional Investors 6.53 times subscription Overall, indicating good participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 7.07 times, while the sNII (less than ₹10 lakh) segment saw 5.43 times subscription. The Retail Individual Investors (RII) category was subscribed 1.69 times, reflecting healthy retail interest, QIB approx 1.50 times the issue garnered 27,21,076 applications, with total bids amounting to approximately 19,989.98 crore, showcasing confidence across investor categories in the company’s growth potential.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
1.50
Non-Institutional Investors (NII)
6.53
bNII (above ₹10 lakh)
7.07
sNII (less than ₹10 lakh)
5.45
Retail Individual Investors (RII)
1.69
Total Subscriptions
2.80
Total Applications: 27,21,076 crore
Total Bid Amount (₹ Crores): 19,989.98
How to Check SBI Funds Management IPO Allotment Status?
SBI Funds Management IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
For SBI Funds Management IPO, the issue is a 100% Offer for Sale (OFS) with no fresh issue component. Therefore, the company will not receive any proceeds from the IPO. The entire proceeds of approximately ₹9,812.91 crore will be received by the selling shareholders after deducting applicable expenses and taxes.
Use of IPO Proceeds
Amount (₹ Cr)
Proceeds to be received by selling shareholders through Offer for Sale (OFS)
9,812.91
SBI Funds Management – Day 2 Update
The grey market premium (GMP) of the SBI Funds Management stands at ₹93 as of July 15, 2026 (Day 2). Considering the upper end of the price band at ₹574 per share, the estimated listing price is around ₹667, reflecting a potential gain of approximately 15.85% per share in the grey market.
Date
GMP
Est. Listing Price
Gain
15-07-2026 (Day 2)
₹93
₹667
15.85%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
SBI Funds Management IPO – Key Details
Particulars
Details
IPO Opening Date
July 14, 2026
IPO Closing Date
July 16, 2026
Issue Price Band
₹545 to ₹574 per share
Total Issue Size
17,09,56,631 shares (aggregating up to ₹9,812.91 Cr)
Important Dates for SBI Funds Management IPO Allotment
Event
Date
Tentative Allotment
July 17, 2026
Refunds Initiation
July 20, 2026
Credit of Shares to Demat
July 20, 2026
Listing Date
July 21, 2026
Overview Of SBI Funds Management
SBI Funds Management Limited is one of India’s leading asset management companies, offering a wide range of mutual funds and investment solutions across equity, debt, hybrid, and other asset classes. The company serves retail and institutional investors through an extensive distribution network across India. Backed by SBI and Amundi, SBI Funds Management has established a strong presence in India’s growing mutual fund industry. With increasing financial awareness, rising mutual fund participation, and growing demand for professionally managed investments, the company continues to strengthen its position in India’s asset management sector.
Frequently Asked Questions (FAQs)
What is the opening and closing date of SBI Funds Management IPO ?
SBI Funds Management IPO will open on 14 July 2026 and will close on 16 July 2026.
What is the price band of the SBI Funds Management IPO ?
Its price band is fixed from ₹545 to ₹574 per share.
What is the GMP (Grey Market Premium) of SBI Funds Management IPO today?
The GMP on 15 July 2026 is ₹93, which leads to a possible listing price of ₹667.
What is the total issue size of SBI Funds Management IPO?
The total issue size of the SBI funds Management IPO is ₹9,812.91 crore, The IPO is entirely an Offer for Sale (OFS).
What is the expected listing date of SBI Funds Management ?
This IPO is expected to be listed on BSE and NSE on July 21, 2026.
Every year, the tax season brings a sense of worry for many working professionals. People often look at their bank statements and wonder how much of their hard earned money will go to the government. Figuring out tax rules can feel like a huge task. However, proper tax planning does not have to be a headache at all. With the right guidance and a clear understanding of basic rules, individuals can easily manage their finances. Today, this guide will make the tax process very simple. It will walk readers through the exact steps to figure out their exact tax obligations. The main goal is to provide a clear path without using any complex financial terms.
What is Taxable Income?
Taxable income is the final portion of a person’s total earnings on which the government charges tax. A person can earn money from various places like a monthly salary, house rent, business profits, or bank interest. The Income Tax Act clearly defines all these sources to avoid any confusion.
Knowing how to calculate taxable income helps people plan their personal finances much better. The government allows certain exemptions and deductions to reduce the final amount. The money left after removing all these eligible deductions is the final taxable income.
A clear computation of taxable income ensures that taxpayers do not pay extra money by mistake. This is a necessary step before learning how to calculate net income tax. Tracking this carefully helps in building better saving habits.
Once the total taxable amount is clear, it becomes very easy to understand how to calculate income tax based on the government slab rates. This process is highly important for everyone, from salaried employees to small business owners.
How to Calculate Taxable Income – Step by Step
Tax calculation might seem hard at first glance, but it follows a very simple logical flow. By following a structured approach, taxpayers can find their final tax amount without making mistakes.
Step 1: Calculate Gross Total Income
The first step is to add up all the money earned during the financial year. The Income Tax Act divides income into five main heads. These include income from a salary, income from house property, profits from a business or profession, capital gains, and income from other sources.
Salary income includes basic pay, bonuses, and special allowances. Income from house property includes any rent received from tenants. Business profits are the net earnings left after removing business expenses.
Capital gains happen when individuals sell assets like mutual funds or property at a profit. Income from other sources includes interest earned on fixed deposits or savings accounts. Adding all these different earnings together gives the Gross Total Income.
Step 2: Remove Exempt Income
Some types of income are fully exempt from tax. These specific earnings should be removed from the gross total. Examples include agricultural income and certain tax free allowances provided by employers. Removing these items brings down the total income significantly.
Step 3: Claim Tax Deductions
This step is extremely important for reducing the overall tax burden. The government provides several deductions under Chapter VIA of the Income Tax Act. for example Home loan borrowers can use Section 24(b) to claim up to Rs. 2 lakh for the interest they pay on their housing loan. These deductions heavily reward people who save and invest for their future.
Step 4: Apply the Standard Deduction
Salaried employees get a flat standard deduction. the standard deduction under the new tax regime is Rs. 75,000. Under the old tax regime, the standard deduction is Rs. 50,000.
This standard amount is directly subtracted from the salary income. It requires no extra proof, medical bills, or travel tickets. It is a straightforward discount on the salary that makes calculations faster.
Step 5: Arrive at Net Taxable Income
After subtracting all the eligible exemptions and deductions from the Gross Total Income, the remaining balance is the net taxable income. This is the exact amount that will be used to check the tax slab rates.
Income Tax Slab Rate for FY 2026-27
The government announces these rates during the Union Budget. For the Financial Year 2026-27, taxpayers have two choices.
Income Range
Tax Rate
Up to Rs. 4,00,000
Nil
Rs. 4,00,001 to Rs. 8,00,000
5%
Rs. 8,00,001 to Rs. 12,00,000
10%
Rs. 12,00,001 to Rs. 16,00,000
15%
Rs. 16,00,001 to Rs. 20,00,000
20%
Rs. 20,00,001 to Rs. 24,00,000
25%
Above Rs. 24,00,000
30%
Under the new tax regime, an individual earning up to Rs. 12 lakh pays zero tax due to the Section 87A rebate. This rebate cancels out the tax liability completely. With the standard deduction of Rs. 75,000, a salaried person earning up to Rs. 12.75 lakh essentially pays no income tax at all.
For those who prefer to claim investment benefits, the old tax regime is still available. The slab rates below apply to individuals below 60 years of age under the old tax regime.
Income Range
Tax Rate
Up to Rs. 2,50,000
Nil
Rs. 2,50,001 to Rs. 5,00,000
5%
Rs. 5,00,001 to Rs. 10,00,000
20%
Above Rs. 10,00,000
30%
For senior citizens aged between 60 and 80 years, the basic tax free limit under the old regime is Rs. 3,00,000. For super senior citizens above 80 years, the basic tax free limit is Rs. 5,00,000. Taxpayers also pay an additional 4 percent health and education cess on their final tax amount.
Flat deduction for salaried employees and pensioners
Rs. 50,000
Section 80C
Public Provident Fund, Life Insurance, ELSS, Home Loan Principal
Rs. 1,50,000
Section 80D
Health insurance premium for self, family, and parents
Rs. 25,000 to Rs. 1,00,000
Section 24(b)
Interest paid on a Home Loan for self-occupied property
Rs. 2,00,000
Section 80CCD(1B)
Additional contribution to the National Pension System
Rs. 50,000
Section 10(13A)
House Rent Allowance Exemption
Based on salary and rent paid
Section 10(5)
Leave Travel Allowance Exemption
Based on actual travel cost
Benefit of Filing Return on Time
Filing an Income Tax Return is a legal duty for earning citizens. Doing it on time offers several major financial advantages.
Avoids Penalties and Extra Interest: Filing returns before the due date prevents late fees. The government charges heavy penalties and additional interest under Sections 234A, 234B, and 234C for delayed tax payments and late filings.
Helps in Quick Loan Approvals: Banks always ask for tax return documents when processing home loans or personal loans. A timely filed tax return acts as a valid proof of income, which makes the loan approval process fast and smooth.
Allows Carry Forward of Losses: If a person faces losses in the stock market or business, they can adjust these losses against future profits. However, the tax rules only allow this benefit if the tax return is filed strictly before the original deadline.
Speeds Up Tax Refunds: Sometimes, excess tax gets deducted from a person’s salary by the employer. By filing the tax return early, taxpayers can claim their refunds much faster from the Income Tax Department.
Planning taxes and understanding income rules can greatly improve overall financial health. Both the new and old tax regimes have their own unique benefits for different types of earners. The choice entirely depends on a person’s saving habits and long term financial goals. For claiming deduction you can choose a platform like pocketful for your investment.
S.NO.
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It is the final income amount on which the government levies tax. It is calculated after subtracting eligible exemptions and deductions from the gross total income.
What are the benefits of calculating taxable income early?
Calculating it early helps individuals plan tax saving investments properly. It prevents last minute financial stress and helps in avoiding late penalties during return filing.
How to use tax deduction rules to save money?
Taxpayers can use sections like 80C and 80D under the old regime to invest in life insurance and health insurance. These investments directly reduce the taxable income.
Is the new tax regime better than the old regime?
Neither regime is universally better. The new regime offers lower rates and simplicity. The old regime benefits those with high investments like home loans and insurances.
Do salaried employees get a standard deduction?
Yes, salaried individuals get a standard deduction of Rs. 75,000 under the new regime and Rs. 50,000 under the old regime for FY 2026-27.
The world of investing offers wonderful opportunities to grow wealth over time. Mutual funds stand out as one of the most preferred choices for millions of people today. Entering the financial market can sometimes feel confusing due to the large variety of available schemes. Many individuals seek help from local advisors or digital platforms to make better investment decisions.
It becomes highly important to verify if these financial advisors are genuine and completely trustworthy. Regulators in the Indian financial market have built a strong framework to protect people from bad advice and fraud. This framework relies on a specific identification system. This system ensures that only qualified professionals handle financial products, keeping the entire investment journey safe and smooth.
What is ARN Number
When an individual decides to purchase mutual fund schemes through an Mutual Fund Distributor (MFD) , checking the agent’s background is an essential first step. To verify the agent, investors must understand the arn full form, which translates to AMFI Registration Number. People often wonder if there is an arn no full form as well in the financial sector. Yes, it refers to the exact same AMFI Registration Number used consistently across the country.
So, what is the exact arn number meaning in simple terms for a beginner? It is a special identification code given to certified mutual fund experts and authorized agents in India. This code serves as a strict regulatory requirement for anyone working in the distribution business. Furthermore, one must look at the arn full form in mutual fund to see how it actively protects investments.
This code proves that the distributor is officially registered with the Association of Mutual Funds in India. The association plays a huge role in maintaining high ethical standards across the financial industry. Finally, if anyone is asking what is arn number, they can think of it as a professional business license. Just as a doctor holds a license to practice medicine, a distributor must hold this unique code to legally sell financial products.
What is an ARN code in mutual fund
An ARN code acts as a unique six digit alphanumeric identification number. The authorities issue this number strictly to authorized mutual fund distributors who have proven their market knowledge. This diverse group of distributors includes individual Mutual Fund Distributors (MFD) , banking institutions, and modern online financial applications.
When an investor buys a regular plan of a mutual fund, the transaction instantly links to the distributor’s unique code. This specific code helps the mutual fund company track exactly who brought in the investment. The tracking system is very accurate and leaves a permanent digital footprint for every single transaction.
Why ARN number is required in mutual fund
Regulators have made this unique identifier a compulsory element of the financial distribution system. The main reasons for this strict requirement are listed below in points.
Regulatory Compliance: Regulators like SEBI make it entirely mandatory for anyone selling mutual funds to hold this valid registration. Operating without this number is considered illegal and can attract heavy penalties.
Investor Protection: Distributors have to pass a tough educational exam to get this code, which keeps untrained people away. This ensures that investors only interact with professionals who truly understand market risks.
Tracking Transactions: Every mutual fund purchase is permanently tagged with the agent’s code, helping authorities track every sale. This transparent tracking system easily exposes any hidden or unauthorized financial activities.
Commission Management: Fund companies rely heavily on this number to calculate and pay trail commissions fairly to the right people. This removes disputes and motivates professionals to maintain high service standards for clients.
Better Accountability: If an agent gives bad advice, the regulators can cancel their registration completely and instantly. The constant fear of losing their livelihood keeps distributors highly honest and responsible.
Accurate Record Keeping: It helps financial institutions maintain clean and highly organized records of all client activities over the years. These neat records make regular financial audits and dispute resolutions much easier later on.
Acquiring this official registration is a straightforward process that involves proving one’s financial knowledge. The steps to apply are outlined below.
Pass the NISM Exam: The applicant must first clear the mandatory certification test known as the NISM Series V-A exam. This test verifies basic knowledge of mutual funds and strict market regulations.
Visit the Registration Portal: The candidate must visit the official online platform managed by authorized agencies like CAMS.
Fill the Application Form: The applicant must select the correct distributor category, such as individual or corporate. They must carefully fill in all personal, educational, and contact details without making spelling errors.
Upload Required Documents: Candidates need to upload digital copies of their identity proof, address proof, and passing certificate. Clear visibility of these uploaded documents ensures a faster approval process from the authorities.
Pay the Registration Fees: The required registration fee must be paid online using digital payment methods like net banking. For an individual distributor, this fee is approximately three thousand rupees plus applicable taxes.
Receive the Unique Code: Once the verification team reviews the application, the new distributor receives their unique code. This approval document is usually delivered via email within three business days.
Benefit of ARN code
Having this official registration provides significant advantages for both the distributor and the investor. Here are five major benefits.
Builds Instant Trust: Showing this official card lets clients know the distributor is certified and completely genuine. It adds a massive credibility boost that helps agents expand their client base quickly.
Legal Commission Income: It acts as an official business license that allows agents to earn commissions legally from fund houses. Without this code, individuals simply cannot monetize their financial advisory services.
Access to Distributor Portals: Having this number lets agents log into special web portals provided by various mutual fund companies. These digital platforms provide powerful tools to monitor client portfolios and business revenue.
Investor Safety Stamp: For the everyday investor, dealing with a registered holder gives immense peace of mind. It guarantees that their hard earned money is being guided by a thoroughly tested expert.
How to find ARN Number?
Verifying an advisor is quite simple for any careful investor. Here are the common ways to locate this code.
Check the Official ID Card: Certified mutual fund distributors receive a physical or digital identification card from the authorities. Investors have every right to ask their advisor to present this card before investing.
Look at the Account Statement: A mutual fund account statement clearly displays the distributor’s code right next to the scheme name. This makes tracking the assigned agent incredibly easy for any regular investor.
Check the Application Form: When signing a physical or digital investment form, the distributor’s number must be present. Investors should always double check the designated agent section before giving their final signature.
Search on the AMFI Website: Investors can visit the official website and use the specialized agent locator tool. By simply entering the agent’s name, the system will instantly display their registration status.
The regulatory framework allows various types of individuals and organizations to become distributors. The eligible categories are listed below.
Individual Advisors: Any Indian citizen who is at least eighteen years old and has passed the necessary exam can apply. This remains the most popular category for independent financial planners and local agents.
Corporate Entities: Large financial companies, private limited firms, and public limited firms can register under the corporate category. This allows large organizations to distribute investment products to a massive client base.
Banks and Financial Companies: Registered commercial banks and non banking financial institutions can apply for this registration. They utilize this code to offer mutual fund products directly to their existing banking customers.
Partnership Firms and Proprietorships: Small businesses run by multiple partners or single owners can easily apply for this code. This helps local businesses expand their current services into the lucrative financial distribution space.
New Cadre Distributors: Postal agents, retired government officials, and school teachers can register under a special simplified category. This noble initiative helps people in rural towns access modern mutual fund investments safely.
Document needed to apply for ARN code
To ensure a smooth registration process, applicants must keep specific paperwork ready. The required documents are listed below.
PAN Card Copy: Applicants must submit a clear scanned copy of their Permanent Account Number card as primary proof.
Aadhaar Card Copy: A clear copy of the Aadhaar card is highly recommended for basic address verification.
Passport Size Photograph: Candidates need to upload a recent color photograph with a light colored background.
NISM Passing Certificate: A digital copy of the passing certificate for the mandatory market exam is absolutely necessary. This document serves as undeniable proof that the applicant has the required educational qualification.
Bank Account Proof: Applicants must share a cancelled cheque or a recent bank statement showing their name clearly.
How can the ARN code be renewed?
The registration is valid for three years and must be renewed to continue business operations. The renewal steps are highlighted below.
Complete the Refresher Training: Distributors must either pass the required exam again or attend a special continuing education session. This crucial step ensures that their market knowledge remains entirely up to date.
Log in to the Portal: log in using their registered credentials. This dedicated portal handles all paperless renewal applications quickly and efficiently.
Verify Pre-filled Details: Upon logging in, the system will automatically fetch the updated educational training status from the database.
Pay Fees and Verify OTP: The final step involves uploading a new photograph and paying the required renewal fee online. After entering the mobile verification code, the renewed registration is issued almost instantly.
Conclusion
Deciding whether to invest through an agent using their official registration code or to invest directly depends entirely on individual financial goals. Regular plans guided by an expert are wonderful for investors who need proper help and professional advice. Direct plans are equally great for those who prefer to research and manage portfolios completely on their own. Both paths are highly effective for long term wealth creation.
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SBI Funds Management, one of India’s leading asset management companies, is launching an initial public offering (IPO) to raise up to ₹9,812.91 crore. The issue opens for subscription on July 14, 2026, and will close on July 16, 2026, with a price band fixed at ₹545 to ₹574 per share. Since the IPO is entirely an offer for sale (OFS), the company will not receive any proceeds from the issue. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 21, 2026, subject to allotment and necessary regulatory approvals.
SBI Funds Management IPO Day 1 Subscription Status
On Day 1, SBI Funds Management. IPO witnessed a strong investor turnout, closing with an overall subscription of 0.65 times. The NII category led the demand, The Non-Institutional Investors 1.28 times subscription Overall, indicating good participation. Among Non-Institutional Investors (NII), the bNII (above ₹10 lakh) portion was subscribed 1.24 times, while the sNII (less than ₹10 lakh) segment saw 1.35 times subscription. The Retail Individual Investors (RII) category was subscribed 0.63 times, reflecting healthy retail interest. The Anchor investors among second Highest with 1 times, Shareholders approx 0.90 times the issue garnered 9,08,186 applications, with total bids amounting to approximately 4,652.05 crore, showcasing confidence across investor categories in the company’s growth potential.
Investor Category
Subscription (x)
Qualified Institutional Buyers (QIB)
0.07
Non-Institutional Investors (NII)
1.28
bNII (above ₹10 lakh)
1.24
sNII (less than ₹10 lakh)
1.35
Retail Individual Investors (RII)
0.63
Total Subscriptions
0.65
Total Applications: 9,08,186 crore
Total Bid Amount (₹ Crores): 4,652.05
How to Check SBI Funds Management IPO Allotment Status?
SBI Funds Management IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.
For SBI Funds Management IPO, the issue is a 100% Offer for Sale (OFS) with no fresh issue component. Therefore, the company will not receive any proceeds from the IPO. The entire proceeds of approximately ₹9,812.91 crore will be received by the selling shareholders after deducting applicable expenses and taxes.
Use of IPO Proceeds
Amount (₹ Cr)
Proceeds to be received by selling shareholders through Offer for Sale (OFS)
9,812.91
SBI Funds Management – Day 1 Update
The grey market premium (GMP) of the SBI Funds Management stands at ₹90 as of July 14, 2026 (Day 1). Considering the upper end of the price band at ₹574 per share, the estimated listing price is around ₹664, reflecting a potential gain of approximately 15.68% per share in the grey market.
Date
GMP
Est. Listing Price
Gain
14-07-2026 (Day 1)
₹90
₹664
15.68%
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
SBI Funds Management IPO – Key Details
Particulars
Details
IPO Opening Date
July 14, 2026
IPO Closing Date
July 16, 2026
Issue Price Band
₹545 to ₹574 per share
Total Issue Size
17,09,56,631 shares (aggregating up to ₹9,812.91 Cr)
Important Dates for SBI Funds Management IPO Allotment
Event
Date
Tentative Allotment
July 17, 2026
Refunds Initiation
July 20, 2026
Credit of Shares to Demat
July 20, 2026
Listing Date
July 21, 2026
Overview Of SBI Funds Management
SBI Funds Management Limited is one of India’s leading asset management companies, offering a wide range of mutual funds and investment solutions across equity, debt, hybrid, and other asset classes. The company serves retail and institutional investors through an extensive distribution network across India. Backed by SBI and Amundi, SBI Funds Management has established a strong presence in India’s growing mutual fund industry. With increasing financial awareness, rising mutual fund participation, and growing demand for professionally managed investments, the company continues to strengthen its position in India’s asset management sector.
Frequently Asked Questions (FAQs)
What is the opening and closing date of SBI Funds Management IPO ?
SBI Funds Management IPO will open on 14 July 2026 and will close on 16 July 2026.
What is the price band of the SBI Funds Management IPO ?
Its price band is fixed from ₹545 to ₹574 per share.
What is the GMP (Grey Market Premium) of SBI Funds Management IPO today?
The GMP on 05 June 2026 is ₹90, which leads to a possible listing price of ₹664.
What is the total issue size of SBI Funds Management IPO?
The total issue size of the CMR Green Technologies IPO is ₹9,812.91 crore, The IPO is entirely an Offer for Sale (OFS).
What is the expected listing date of SBI Funds Management ?
This IPO is expected to be listed on BSE and NSE on June 21, 2026.
People always discuss amongst their groups about how rich is mukesh ambani. The chairman of Reliance Industries has built an empire that covers almost every part of everyday life. From mobile internet networks to local grocery stores, his company is present everywhere.
Tracking his financial growth provides excellent lessons in business strategy. The following report will look closely at his investments and his expanding portfolio. It will also break down the exact numbers behind his massive wealth.
What is Mukesh Ambani’s Net worth
The financial world always pays close attention to the ambani net worth. People often want to know the exact figure of the mukesh ambani net worth indian rupees because the scale is hard to imagine. As of July 2026, the mukesh ambani net worth in rupees has reached a record breaking 8.55 lakh crore.
This massive number makes him the wealthiest person in India. To make it easier for global comparisons, the ambani net worth in billion stands at roughly 89.6 billion US dollars. This huge sum places him firmly at the very top of the wealthiest individuals in Asia.
With such a large total wealth, financial experts are naturally curious about his regular earnings. The mukesh ambani daily income is not calculated like a normal monthly salary. Instead, it comes from the rising value of his company shares and regular dividends.
When observers look at the stock market during a highly successful year, they frequently ask, how much ambani earn per day? Based on the rapid daily rise in his stock value during strong market periods, the one day income of mukesh ambani can be estimated at around 163 crore rupees.
Breaking this massive number down further gives an even clearer picture of his financial power. The mukesh ambani 1 hour income is calculated to be roughly 6.79 crore rupees. Even more shocking is the microscopic breakdown of his wealth growth.
The mukesh ambani per second income is estimated at about 18,866 rupees. Understanding these figures shows the true power of holding strong business investments over a long period. His wealth grows every single moment because his businesses operate around the clock.
Mukesh Ambani Income : Per day, per Hour, Per Minute, Per Second
To understand this vast wealth better, it helps to see the exact mathematical breakdown. His income primarily comes from two different financial channels. The first channel is the cash dividend he gets directly from his shares in Reliance Industries.
The second channel is the constant daily increase in the market value of those shares. When the Indian stock market performs very well, his total wealth grows at an incredible speed. The numbers below reflect wealth growth during very strong market periods.
Time Frame
Estimated Income (Rupees)
Per Day
163 Crore
Per Hour
6.79 Crore
Per Minute
11.31 Lakh
Per Second
18,866
If an analyst looks only at his pure dividend income, the numbers are still extremely large. He earns around 4,000 crore rupees every year just from company dividends. That means a daily cash dividend income of about 11 crore rupees.
These numbers show exactly how big businesses reward their primary owners. Understanding these massive figures is the first step in learning about the stock market.
It is important to remember that this income is not actual cash sitting in a bank account. A large part of it is tied to the stock market performance. If the stock market goes down, these daily income numbers can also decrease. However, over a long period, strong companies usually see their value go up steadily.
The numbers below reflect his estimated wealth as recorded by Forbes billionaire lists over the last 10 years.
Year
Net Worth (US Dollars)
2017
38.0 Billion
2018
47.3 Billion
2019
51.4 Billion
2020
88.7 Billion
2021
92.7 Billion
2022
90.7 Billion
2023
83.4 Billion
2024
116.0 Billion
2025
105.0 Billion
2026
99.7 Billion
Sources of Income for Mukesh Ambani
His massive wealth does not come from a single job or a small business. It is built on a highly diverse portfolio covering many different sectors. Here are the main sources of his income:
Reliance Industries Limited Shares: He and his family own about 50 percent of Reliance Industries. The rising share price of this giant company is the single biggest source of his wealth. This company operates in oil, retail, and telecommunications.
Dividend Payouts: Every year, Reliance pays a part of its profit directly to its shareholders. With crores of shares in his name, he earns thousands of crores in cash dividends alone. This provides a massive and steady flow of actual cash.
Jio Platforms: This digital and telecom arm is a massive wealth contributor. It provides internet to millions of homes and partners with global technology leaders. This platform completely changed how India uses mobile data.
Jio Financial Services: This is a newly created company separated from the main business partnership with Blackrock. It offers digital banking, insurance, and lending services to millions of customers. This marks his entry into the fast growing financial sector.
Media and Entertainment: His investments include big media networks like Viacom18 and Network18.
Green Energy Investments: He is currently investing heavily in solar power and green hydrogen. This future focused energy business adds huge long term value to his overall portfolio. He plans to spend 75,000 crore rupees on these projects.
Investors can research similar strong companies using modern financial tools.
Roles of mukesh ambani in Reliance Industries
As the top leader, he plays several vital roles in the company. He is not just a passive owner but a very active and busy manager. His daily decisions shape the future of the entire business group.
Chairman and Managing Director: He leads the board of directors and sets the big goals. He makes the final major decisions for the entire Reliance group. This role requires managing multiple business heads and tracking massive projects.
Chief Strategist for New Ventures: He constantly guides the company into brand new areas. He personally led the shift from traditional oil refining to digital technology and modern telecom. This strategy keeps the company relevant in a changing world.
Green Energy Leader: He is personally driving a massive investment into clean energy. This includes building large solar factories and battery plants to replace older fuels. This role ensures the company survives the global shift to green power.
Global Partnership Builder: He secures large financial investments from foreign companies. He successfully brought global giants to invest billions in Jio. Building these relationships is a very critical part of his daily job.
Debt Manager: He played a major role in making Reliance entirely net debt free in the year 2020. This smart move protected the company from financial trouble during tough economic times.
Salary of Mukesh Ambani
The official salary of Mukesh Ambani is zero rupees. For the sixth consecutive year, including the financial year 2026, he has drawn no salary from Reliance Industries.
He officially stopped taking a salary in 2020 during the global pandemic to show support for his company. Even before 2020, he kept his salary strictly capped at 15 crore rupees for over ten years. His actual earnings come entirely from stock dividends.
Quality of Mukesh Ambani that helps him remains at the top
Remaining at the very top of the competitive business world requires special qualities. He has shown several unique traits that keep his business empire growing year after year. These qualities serve as a great lesson for anyone interested in business.
Long term vision: He saw the massive future of data and the internet long before many others in the industry. When he launched Jio, he made the internet very cheap and easily available to everyone. This clear vision totally changed the entire telecom industry in India.
Adaptability: Reliance originally started as a simple textile company. It then became a massive giant in oil and chemicals. Now, it is transforming quickly into a modern technology and green energy leader.
Excellent capital allocation: This simply means he knows exactly where to put money to get the best financial returns.
Focus on the consumer: His retail and digital businesses always aim to provide high quality services at very low prices. By solving daily problems for the common person, he ensures that his businesses have millions of highly loyal customers. This focus on customer satisfaction builds deep trust.
Conclusion
To sum up, the business journey of Mukesh Ambani is a perfect example of financial brilliance. His massive net worth is a direct result of smart planning and bold decisions. He successfully shifted his focus from old industries to modern technology and clean energy.
This flexibility keeps his company fully ready for the coming future. His financial story shows that holding good investments over the long term can create truly amazing wealth. It serves as a great inspiration for anyone looking to build strong and lasting value in the exciting world of business.
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Many individuals enter the financial markets with hopes of making good profits. They buy and sell assets daily on their computer screens. Often, they do not think about the actual physical goods behind these digital trades.
It is a surprising reality that a delivery truck could arrive at a house to drop off heavy metal blocks. This situation is a real possibility in certain commodity markets if a digital trade is left open. If an electronic trade is not closed on time, the trader might be forced to accept actual delivery of physical items.
Thankfully, there is a specific safety rule that prevents this unexpected surprise. The following sections will explain this important rule in simple terms.
What is Tender Period in Commodity Trading?
When people trade commodities on the Multi Commodity Exchange, they deal with contracts representing actual goods. These contracts always have a fixed end date. This final day is called the expiry date.
Some of these contracts are cash settled. This means traders only pay or receive the price difference in cash. However, many popular contracts like gold and silver are physically settled. For these, actual physical goods must be transferred when the contract ends.
So, exactly What is Tender Period in MCX? By Meaning, it is a specific window of a few days just before a futures contract expires. During this time, buyers and sellers must formally declare if they want to give or take physical delivery of the real goods.
The Benefits of this timeframe are quite clear for all market participants. It gives retail traders enough time to close their open positions safely before the delivery process begins. It also helps the exchange prepare for the physical transfer of commodities from the seller to the buyer.
Regarding How to Use this period, traders simply need to close their electronic trades before the window starts. Doing so ensures they avoid taking actual delivery of heavy metals or other physical goods. Modern platforms like Pocketful often help traders by squaring off positions before this window begins.
Rules of Tender Period in MCX
To keep commodity trading safe and smooth, the exchange has set clear rules for this period. These guidelines ensure that physical deliveries happen without any confusion. Here are the main rules in simple terms:
Staggered Timeline: This period does not happen on a single day. It is spread across multiple days to give traders enough time to act. For most contracts, including base metals and standard commodities like gold, it begins three working days before the contract expires.
Declaration of Intent: Sellers are allowed to notify the exchange about their plans to physically deliver the goods anytime during these three days. They do not have to wait until the final day to show their intention.
Random Matching Process: If a buyer keeps a long position open during this time, the exchange randomly matches them with a seller. Once matched, the buyer cannot refuse to take delivery of the physical goods.
Margin Hikes: The exchange charges an additional margin during these final days to discourage late trading. This extra charge increases by five percent every day to cover the risk of sharp price moves.
Obligation for Short Sellers: Short sellers who do not already own the physical commodity must buy it from the market. They are legally obligated to deliver it upon expiry if they do not close their position.
Broker Actions: Most retail brokers do not support physical delivery services. Therefore, brokers will automatically close open positions before this critical window begins to protect the trader.
Many beginners get confused between these two market terms. Even though they are related, they serve completely different purposes in commodity trading. The table below highlights the main differences between the two concepts.
Feature
Tender Period
Expiry Date
Basic Definition
A window of a few days to declare physical delivery plans.
The absolute last day of the futures contract.
Start Time
Typically starts three working days before the contract ends.
It is the final calendar day of the contract cycle.
Trading Status
Trading is allowed but margin requirements are much higher.
No new trading is allowed after the final cut off time.
Primary Purpose
To allow sellers to declare their intent to deliver the commodity.
To finally settle all remaining open positions.
Margin Limits
Extra pre-expiry margins of up to five percent daily are applied.
Normal margin rules stop and full contract value may be required.
Broker Action
Brokers will usually square off trades right before this starts.
All remaining unresolved trades go into the delivery or default process.
Importance of Tender Period for traders
Why should a regular trader care about this specific timeframe? It plays a highly important role in the overall trading journey for several reasons. Understanding this concept can save traders from severe financial stress.
it helps traders avoid heavy financial penalties. If a trader holds a contract into these final days without enough funds in their account, the position will face a margin shortfall. Exchanges increase margins heavily to discourage speculation near the end date.If the account lacks funds, the broker will forcefully liquidate the position. The trader might also face huge penalty charges. Therefore, knowing the timeline is crucial for protecting capital.
It keeps traders safe from unwanted physical delivery. Most retail market participants only want to profit from price movements. They do not want to manage warehouses, transport logistics, and safety insurance for real metals. Knowing exactly when this timeline starts helps traders exit the market on time.
it helps in better capital planning. Since margin requirements go up significantly during these days, traders need to monitor their account balances very closely.
Tender Period in Future : Example
This concept can be understood with a simple real world example. This will make the exchange rules much clearer to grasp.
For instance, consider a scenario where a trader is dealing in Gold Mini futures on the exchange. The gold contract is scheduled to expire on August 5. Because gold is a physically settled commodity, the special delivery window will start three working days before the expiry.
Therefore, the window will begin on August 2. An examination of two different scenarios shows how this impacts the trader.
Scenario A: Trading on a retail platform
The trader bought one lot of Gold Mini futures on Pocketful. As August 2 approaches, the platform knows that entering this timeline carries massive physical delivery risks. To protect the user, Platform will notify the trader to close the trade.
If the trade is not closed by the trader, the risk management team will automatically square off the position. This usually happens before the market closes on August 1. The trader safely books the profits or losses without ever worrying about actual gold delivery.
Scenario B: Trading with physical delivery
The trader keeps the long position open on August 2 on a different platform. Since the market is now in the delivery window, the exchange might match the trader with a seller who wants to deliver gold. Once matched, the trader is legally bound to take physical delivery of the gold.
The trader will have to pay the full actual value of the gold contract. They must also arrange a secure vehicle and store the physical gold in an approved exchange vault. This is a very complex and expensive process for a regular person.
Risk and Considerations of Tender Period
Trading near the contract end date comes with serious risks. Traders must always keep these critical points in mind before holding positions for too long.
High Storage Costs: Taking physical delivery means the buyer must pay for warehouse storage. They must also pay for safe transport and heavy insurance. These extra costs can easily wipe out any trading profits made on the screen.
Unwanted Delivery for Short Sellers: If a trader sells a contract short and forgets to close it, they are in trouble. They must buy actual physical goods of the correct purity to deliver to the exchange. Sourcing high purity gold or industrial metals in a few days is extremely difficult for a normal person. Furthermore, the goods must meet the strict quality standards set by the exchange. Failing to deliver the exact quality results in massive penalties. This is an unnecessary risk for retail participants.
Margin Penalty Risks: As the expiry comes closer, the exchange demands more margin money. If a broker does not automatically close the trade, the trader must bring in more cash. Failing to maintain this high margin leads to forced liquidation at very bad market prices.
Lack of Broker Support: Most retail trading platforms in India do not have the setup to support physical delivery. Traders should always check their broker policies. Using a reliable platform ensures that these risks are handled safely through automated risk management systems.
In conclusion, this specific delivery window is a highly important risk management tool in commodity markets. It acts as a clear bridge between electronic trading and real world physical delivery. For physical businesses, it provides a highly structured and safe way to trade actual goods.
For retail traders, it serves as a strict final warning to close positions and avoid heavy physical delivery costs. Understanding these market rules makes a person a much smarter investor. It prevents unexpected surprises and keeps trading capital safe. Start trading in commodities with pocketful provides Advance charting tools , option chain & many more.
It is a timeframe of a few days before a commodity contract expires. During this time, traders formally declare their physical delivery intentions.
When does this tender period timeframe start?
For most commodities like gold and base metals, it begins three working days before the contract expiry date.
Can trading happen during these days?
Yes, trading continues on the exchange. However, exchanges apply heavy additional pre expiry margins to discourage speculation.
What are the main benefits of the tender period?
It allows businesses to plan physical logistics properly. It also protects retail traders by giving a clear deadline to exit trades.
How to use it safely?
Retail traders should use this as a strict deadline. Squaring off open positions before this window avoids forced physical deliveries and high margin penalties.
Taxation is always a big concern for everyone and salaried employees are no exception to this. For them this tax period is a very mixed feeling for some it’s a relief and anxiety for many working professionals. You gather your documents, file your returns, and finally take a deep breath. But sometimes, the tax department sends a surprise letter to your inbox. It is completely natural to feel stressed when you see an official email. Most people think these messages only go to big business owners. That is simply a myth. We often see regular office workers getting these alerts for very tiny mistakes. There is no need to panic at all. In this blog, we will help you understand these letters and show you exactly what to do next.
What is an Income Tax Notice?
An official letter from the government tax department is known as a tax notice. The authorities send these messages to ask for more details or to point out mistakes in your submitted tax return. Often, a computer software flags a mismatch automatically. When this happens, the department simply asks you to clarify the numbers.
People often search online about income tax notices salaried individuals to understand why they received one. It is completely normal for working professionals to get them. In fact, income tax notices for salaried individuals are very common today because all financial data is tracked digitally. The government uses smart systems to match your records instantly.
The tax system compares your salary details with bank records and investment proofs. If a gap appears, the system generates income tax notices for salaried employees. These alerts do not always mean a crime was committed. A simple spelling mistake or a missed bank interest entry can easily trigger salaried employees income tax notices. Whenever an income tax notice salaried employees receive requires attention, it will clearly state the problem.
Reasons of Income Tax Notice for Salaried Employees
Let us look at why you might get one of these letters. The reasons are usually very simple.
Mismatch in TDS details: This is the most common reason for getting an alert. If your employer makes a mistake while depositing your tax, your Form 26AS will not match your return. The system catches this immediately and asks you for an explanation.
Hidden bank interest: Many of us forget to report the interest earned from savings accounts or fixed deposits. The tax department receives your bank details automatically. Not showing this extra money will cause a mismatch in your file.
Fake rent and deduction claims: Some individuals try to claim false house rent bills to save money on taxes. The digital system is very smart and easily catches fake claims. Providing incorrect details leads to strict warnings and penalties.
Not filing returns on time: Missing the final date to submit your tax return is a strict rule violation. If you skip filing entirely, the department will surely send a reminder. Late filing also attracts extra penalty charges of up to five thousand rupees.
High value purchases: Buying an expensive property or putting large cash amounts in the bank alerts the tax system. The government expects your reported salary to match such huge spending. Unexplained wealth always brings an official inquiry.
Switching jobs mid-year: When you change jobs, you must combine the salary from both companies for that year. Forgetting the old employer’s salary leads to lower tax payments and triggers an alert. The software will quickly catch the double exemptions claimed.
Types of Income Tax Notice for Salaried Individual
Different situations require different official letters. Understanding the exact type helps you resolve the problem much faster.
Section Number
Notice Name
Purpose of the Notice
Section 143(1)
Intimation
Basic check of your tax calculation.
Section 139(9)
Defective Return
Your form has missing or wrong details.
Section 142(1)
Inquiry
The officer needs extra documents from you.
Section 143(2)
Scrutiny
A deep review of your submitted tax file.
Section 148
Reassessment
Checking hidden income from past years.
Section 245
Refund Adjustment
Old tax dues adjusted against a new refund.
Notice under Section 143(1): This is the most basic and common alert you can receive. After the system checks your return, it sends this to confirm if your tax calculation is correct. It might ask for extra tax payment or just confirm your refund amount.
Notice under Section 139(9): If your tax form has missing details or you used the wrong form, it is called a defective return. You get fifteen days to fix the errors on the portal. Failing to do so makes your return completely invalid.
Notice under Section 142(1): The tax officer sends this to ask for more documents. They might want to see your bank statements or proof of investments to verify your claims. It is also sent if you have not filed a return at all.
Notice under Section 143(2): This is a much more detailed check of your financial life. The department picks some files for a deep review to ensure no income was hidden. We recommend getting professional help to answer this properly.
Notice under Section 148: If the tax department finds out that some income was completely hidden in past years, they send this notice. It means your previous years’ tax files are being reopened for checking.
Notice under Section 245: Sometimes the government holds back your current year refund. This happens to cover an unpaid tax demand from previous years. You get a chance to agree or object to this adjustment online within thirty days.
How to Check Income Tax Notice for Salaried Employees
Every individuals should once confirm its notice on income tax portal because of fraudsters, below are the mentioned step to check your notice
Step 1: Visit the official portal. Open the official government income tax e-filing website www.incometax.gov.in. Do not click on unknown email links or SMS links.
Step 2: Log into your account. Use your Permanent Account Number (PAN) as your user ID. Enter your correct password and confirm the security code to access your dashboard.
Step 3: Navigate to pending actions. Look for the pending actions menu on your screen. Click on the section named e-Proceedings or Compliance. This secure area safely holds all your official communications.
Step 4: View your notices. Find the option that says View Notices or Orders. A complete list of all official letters issued to your specific account will appear on the screen.
Step 5: Verify the document number. Every real letter has a unique Document Identification Number printed on it. Enter this number in the authenticate section to confirm it is actually from the government.
How to Respond to a Income Tax Notice
Never ignore official letters from the tax department. Replying late can lead to heavy financial fines. Here is how you can respond properly.
Step 1: Read the notice carefully. Read the letter thoroughly from top to bottom. Identify which section number is mentioned at the top. Always see the last date given to submit your response.
Step 2: Gather all relevant documents. Collect all your necessary papers in one place. Keep your salary slips, bank statements, and rent receipts ready. Save them as clear digital PDF files on your computer folder.
Step 3: Access the response section. Log into the official tax portal once again. Navigate to the same e-Proceedings tab where you originally found the letter. Click on the submit response button.
Step 4: Select your response type. The portal allows you to fully agree, partially agree, or disagree with the tax demand. If you agree with the demand, you must pay the pending tax online immediately. If you disagree, you must explain why their calculation is wrong.
Step 5: Upload your proof. Attach the saved PDF files to prove the claims you are making. Write a short, respectful, and clear explanation in the text box provided.
Step 6: Submit and save. After clicking the final submit button, download the acknowledgment receipt immediately. Keep this transaction ID safe for any future reference.
How to Avoid Income Tax Notice to Salaried Employees?
It is always better to prevent problems than to fix them later. You can easily avoid these letters by following some basic rules.
Report all your extra earnings: Always declare the interest earned from savings accounts and fixed deposits. Every single rupee counts in the digital tracking system today.
Match your numbers carefully: Compare your tax form with the Annual Information Statement. Ensure the tax deducted by your employer matches the government portal exactly.
Keep real proofs ready: Never submit fake rent receipts or fake donation bills to save tax. Keep the actual bills safe for at least seven years.
File before the deadline: Submit your tax return well before the final due date. Last minute rushing often causes silly typing mistakes.
Track your investments smartly: Tracking your mutual funds and stocks can be hard. Using a trusted investment platform like Pocketful (https://www.pocketful.in/) helps keep your financial records very organized. This makes your tax filing much easier and completely error free.
Receiving a message from the tax department is just a standard procedure in today’s digital world. Department intimate to clear your pending tax. By staying honest with your details, keeping good records and responding on time, you can resolve these issues peacefully. We hope this guide helps you feel more confident about handling your taxes.
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