Yeah, you can. Just make sure you declared high income to bank. I told the bank i was a student and they froze my account(due to high value transaction). Now they told me to update kyc to unfreeze .
Financial advisory platform Morningstar has said panicking and selling investments or stopping Systematic Investment Plans (SIPs) is not recommended at this stage. For those already invested in Quant funds, Morningstar suggests maintaining their current holdings. However, they advise against making fresh investments in Quant funds until the situation becomes clearer. This allows investors to avoid potentially putting additional money at risk. Quant Mutual Fund, a high-growth asset management company (AMC), has found itself in the spotlight after Sebi launched an investigation into potential front-running activity. This practice involves someone with advanced knowledge of upcoming fund purchases using that information to make personal stock trades beforehand, profiting from the anticipated price increase when the fund executes its actual trade. Imagine you're managing a club that pools everyone's money to buy delicious organic mangoes. You use your knowledge to find the sweetest mangoes at the best prices. Suddenly, the market watchdog suspects you might be secretly buying mangoes yourself before you buy them for the club, driving the price up for everyone else! That's kind of what's happening with Quant Mutual Fund.
@CJ ROCKS Issue size is good (Rs 7250 Cr) and co. will utilise the funds for capex, repaying debt, and research and development (R&D) -around Rs 1,226 crore for capex, and Rs 800 crore to repay debt. It will spend the most, about Rs 1,600 crore on R&D, and Rs 350 crore on inorganic growth. Let's check the full details of price band etc once released.
4.2. CJ ROCKS| Link| Bookmark|
June 26, 2024 1:48:06 PM
IPO Mentor (800+ Posts, 500+ Likes)
@Chhote Lal Sir ji ola electric and ola cabs are different entities. Ola cab (ANI TECH.)is the parent entity of ola electric. So, one shouldn't be confused. AM I Right sir ji ❓
@CJ ROCKS Ola Electric, even though started as a subsidiary of Ola Cabs, has now established a separate business entity of its own. It became a unicorn in 2019.
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June 26, 2024 4:08:29 PM
IPO Mentor (800+ Posts, 500+ Likes)
Holding half shares till now though half shares were booked only at 15% because fund was needed for ipo when it came down to 12.50 and SL triggered for many long term investors @Kailash sharma