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The earnings for interest, tax, depreciation and ammortisation (EBITDA) before CSR and ESOP rose 20.2% YoY to Rs 80.5 crore in Q1. The EBITDA margin in Q1FY25 was 25%.

This significant revenue growth was driven by a 52% increase in the quarterly average assets under management (AUM) in the mutual fund sector, alongside a 64% rise in revenues from non-mutual fund products.

Sebi advised mutual fund companies to perform stress tests to enhance liquidity risk management, especially for small and midcap schemes. Ananth Narayan Gopalakrishnan emphasized the importance of better risk communication and proposed new initiatives such as low-ticket SIPs and simpler regulations for passively managed funds to encourage competition and innovation in the industry.

he record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

The second half of the week was volatile and a fresh buying emerged towards the latter part of the week, primarily on Friday.

Short-term momentum-based PMS strategies were already disadvantaged due to their frequent churn, and the recent tax changes have only exacerbated this issue.

Schwab says investors should begin by setting aside in cash at least two to six months’ living expenses -an emergency fund that will be available in the event of illness or a period of unemployment.

At least 11 firms have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23.