#nippon life india asset management

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2025: A tale of two halves; ICICI Bank, Zomato among Motilal Oswal’s top 10 picks

After an eventful 2024 with Nifty delivering 13% returns on a year-to-date basis, 2025 could be a tale of two halves according to Motilal Oswal Financial Services, which sees consolidation in the first six months while a recovery in the next. The brokerage remains upbeat on the prospects of these 10 stocks viz. ICICI Bank, HCL Technologies, Larsen & Toubro (L&T), Zomato, Nippon Life India Asset…

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Stock of Interest: Top Growth Stocks to Watch Now – Time Technoplast, Styrenix Performance Materials, Techno Electric & Engineering Company, Welspun Enterprises, Nippon Life India Asset Management

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Nippon India Share Price Target: Forecast for 2024, 2025, and 2030

Nippon Life India Asset Management Ltd (NAM India) is one of India’s leading asset management companies, known for its wide range of mutual fund offerings. As it continues to strengthen its position in the growing Indian financial market, the company’s stock has drawn considerable attention from investors. This article discusses the expected Nippon India share price target for 2024, 2025, and 2030, while also analyzing the key factors that could influence these projections.

Nippon India Share Price Target 2024

As we approach 2024, Nippon India’s share price is projected to grow steadily, supported by the increasing participation in India’s mutual fund industry. The asset management sector has witnessed significant growth in recent years, with more individuals looking to invest in mutual funds as a way to build their wealth. Nippon India, being a key player in this space, is set to benefit from this trend.

One of the factors driving this expected growth is the company’s continued focus on digital innovation. Nippon India has invested heavily in its online platforms, making it easier for customers to manage their investments. This digital shift is likely to attract more investors, particularly younger generations who prefer to use online services for managing their portfolios. Given these positive trends, analysts estimate that the Nippon India share price target for 2024 could be between ₹500 and ₹550, depending on market conditions and continued economic growth.

Nippon India Share Price Target 2025

By 2025, Nippon India’s share price is expected to see further gains, reflecting the growth of the Indian economy and the asset management sector. As India’s economy continues to expand, more individuals are expected to seek out investment opportunities to grow their savings. Mutual funds, in particular, are expected to see higher inflows, which will benefit asset management companies like Nippon India.

A key driver of the company’s performance is its ability to increase its Assets Under Management (AUM). A rising AUM indicates that more investors are entrusting their money to the company, which results in higher revenue and profitability. Nippon India’s strong market position and its commitment to innovation suggest that it will continue to attract new investors. Based on these factors, the Nippon India share price target 2025 is projected to be in the range of ₹600 to ₹700, provided the economic environment remains favorable and the company continues to grow its AUM.

Nippon India Share Price Target 2030

Looking further ahead to 2030, Nippon India’s share price could see substantial growth, driven by the continued expansion of the Indian financial market. As India is expected to become one of the largest economies in the world by 2030, the demand for financial products such as mutual funds is likely to increase. Nippon India, with its strong reputation and wide range of financial products, is well-positioned to benefit from this growth.

Additionally, the company’s focus on enhancing its digital platform will be crucial in attracting and retaining customers. As more people turn to online platforms to manage their investments, Nippon India’s ability to offer user-friendly digital services will be a significant competitive advantage. By 2030, analysts believe that the Nippon India share price target 2030 could reach between ₹1000 and ₹1200, making it an attractive option for long-term investors.

Factors Influencing Nippon India’s Share Price

Several factors will play a role in determining the future trajectory of Nippon India’s share price, including:

Economic Growth: The growth of the Indian economy will have a direct impact on Nippon India’s share price. As the economy grows, more individuals will have disposable income to invest in financial products, including mutual funds. A robust economy typically leads to higher investment activity, which can benefit companies in the asset management industry.

Assets Under Management (AUM): AUM is a critical measure of success for asset management companies. A higher AUM indicates that more investors are choosing to invest their money with the company, leading to higher revenues. Nippon India’s ability to grow its AUM will be a key factor in determining its future share price performance.

Regulatory Environment: The asset management industry in India is subject to regulations set by the Securities and Exchange Board of India (SEBI). Changes in regulations, such as tax incentives for mutual fund investments or tighter controls on fund management practices, can have a significant impact on the industry. Positive regulatory changes could lead to increased demand for mutual funds, while restrictive regulations could pose challenges for companies like Nippon India.

Market Sentiment: Investor sentiment plays a crucial role in determining stock prices. When investors are optimistic about the market, stock prices tend to rise as more people buy shares. Conversely, during periods of market uncertainty, even well-performing companies can see their stock prices decline. Positive sentiment toward the mutual fund industry and the overall financial market will be important for Nippon India’s share price.

Technological Advancements: Nippon India’s investment in digital technology is a key factor in its success. As more investors prefer to manage their portfolios online, companies that invest in digital platforms are likely to see higher engagement and retention. Nippon India’s continued focus on enhancing its digital infrastructure will play an important role in driving its future growth.

Global Economic Conditions: Although Nippon India primarily operates in the Indian market, global economic conditions can still have an impact on its share price. Factors such as foreign investment, global financial stability, and international trade can influence investor behavior and stock prices. As Nippon India grows its global presence, international economic factors will become increasingly relevant to its performance.

Conclusion

In summary, Nippon India’s share price is expected to see steady growth over the next few years, driven by the expanding Indian economy and increasing investor participation in mutual funds. For 2024, analysts estimate a share price target of ₹500 to ₹550, while for 2025, the target is projected to rise to ₹600 to ₹700. By 2030, the company’s share price could reach between ₹1000 and ₹1200, reflecting its long-term potential.

Several factors will influence this growth, including economic conditions, AUM growth, regulatory changes, market sentiment, technological advancements, and global economic trends. Nippon India’s strong market position, combined with its focus on innovation and customer satisfaction, makes it an appealing option for long-term investors. However, it is essential for investors to stay informed about market developments and potential risks that could impact the company’s future performance.

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Which are 10 Mutual Funds based on AUM according to the Top Mutual Fund Distributor India?

Have you heard the popular phrase ‘Mutual fund sahi hai’? In the world of finance, mutual funds have become a popular investment choice for many individuals seeking to grow their wealth. 

With the guidance of the Top Mutual Fund Distributor in India, investors can navigate this space more effectively. 

In this blog, we will explore ten mutual fund schemes that stand out based on their Assets Under Management (AUM), highlighting their significance in the Indian investment landscape.

What is AUM in Mutual Funds?

Assets Under Management (AUM) represents the total market value of assets that a mutual fund manages on behalf of its clients. A higher AUM often indicates a fund's popularity and investor trust. Here are ten notable mutual fund schemes based on their AUM as of recent data:

1. SBI Mutual Fund

SBI Mutual Fund is the largest in India with an impressive AUM of ₹11.14 lakh crore. Leveraging its extensive banking network, it offers a variety of equity and debt funds tailored to different investor needs.

2. ICICI Prudential Mutual Fund

With an AUM of ₹8.89 lakh crore, ICICI Prudential is known for its robust fund management strategies and diverse range of investment options.

3. HDFC Mutual Fund

HDFC’s AUM stands at ₹7.74 lakh crore. The fund house is recognized for its consistent performance and innovative products that cater to both conservative and aggressive investors.

4. Nippon India Mutual Fund

Nippon India has carved out a significant niche with an AUM of ₹5.61 lakh crore. Its focus on research-driven investments has attracted a large base of retail investors.

5. Kotak Mahindra Mutual Fund

With ₹4.75 lakh crore in AUM, Kotak Mahindra offers a wide array of funds across various asset classes, appealing to different risk appetites.

6. UTI Mutual Fund

UTI holds an AUM of ₹3.44 lakh crore and is one of the oldest mutual fund houses in India. It has a strong reputation for its diversified investment strategies.

7. Aditya Birla Sun Life Mutual Fund

This fund has an AUM of ₹3.78 lakh crore and is known for its customer-centric approach and innovative financial solutions.

8. Axis Mutual Fund

Axis has gained popularity with an AUM of ₹3.16 lakh crore due to its focus on risk management and customer service.

9. Mirae Asset Mutual Fund

Mirae stands out with an AUM of ₹1.99 lakh crore and is recognized for its research-oriented approach to investing.

10. Franklin Templeton Mutual Fund

With an AUM of ₹1.15 lakh crore, Franklin Templeton is known for its global investment strategies and a strong emphasis on fixed-income products.

Conclusion

The mutual fund industry in India continues to thrive with significant contributions from various distributors and asset management companies. The above-mentioned schemes not only reflect the growing trust among investors but also highlight the role of top mutual fund distributors in guiding investment decisions. As you explore your options in this vibrant market, consider these top-performing funds as potential avenues for your financial growth journey.

Investing wisely requires understanding your financial goals and risk tolerance; consulting with a qualified distributor can help you make informed choices tailored to your needs.

[vedantbhoomidigital]

Boom in mutual fund industry due to SEBI approval, AMC shares rise

On Tuesday, shares of major asset management companies (AMCs) jumped up to 5 per cent amid dull trading in the market. These were boosted by regulatory approval for new asset classes which are being considered as a new source of revenue for mutual funds. Nippon Life India AMC shares jump 5.2 per cent on BSE(…)

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Asset Management Company in India: An Overview

Asset Management Companies (AMCs) play a pivotal role in the financial ecosystem of India. They are responsible for managing pooled funds from investors, utilizing their expertise to invest in various financial instruments like stocks, bonds, and other securities. AMCs provide an avenue for retail and institutional investors to access professionally managed portfolios, aiming to achieve their financial goals.

History and Evolution The concept of asset management in India dates back to the late 1960s with the establishment of Unit Trust of India (UTI) in 1963. This marked the beginning of the mutual fund industry in the country. The liberalization of the Indian economy in the early 1990s led to the entry of private sector AMCs, significantly expanding the market. The Securities and Exchange Board of India (SEBI) has been instrumental in regulating the industry, ensuring transparency and protecting investor interests.

Key Players in the Industry India’s asset management industry is highly competitive, with several players offering a wide range of investment products. Some of the prominent AMCs in India include:

HDFC Asset Management Company: Known for its robust portfolio and consistent performance, HDFC AMC is one of the largest and most trusted names in the industry.

ICICI Prudential Asset Management Company: With a strong focus on innovation and customer-centric solutions, ICICI Prudential AMC has carved a niche for itself.

SBI Funds Management: A joint venture between the State Bank of India and AMUNDI (France), SBI Funds Management offers a diverse range of investment options.

Aditya Birla Sun Life Asset Management: This AMC is known for its expertise in managing both equity and debt funds, catering to a wide spectrum of investors.

Nippon India Mutual Fund: Formerly known as Reliance Mutual Fund, Nippon India Mutual Fund has a significant market presence and a broad product portfolio.

Regulatory Framework

SEBI is the primary regulatory authority overseeing AMCs in India. It ensures that AMCs adhere to stringent compliance norms, safeguarding the interests of investors. The regulatory framework includes guidelines on disclosure, fund management practices, and investor protection measures. Regular audits and inspections by SEBI help maintain the integrity and transparency of the industry.

Products and Services AMCs in India offer a variety of investment products to cater to different investor needs. These include:

Equity Funds: These funds invest primarily in stocks and are suitable for investors seeking long-term capital appreciation.

Debt Funds: These funds invest in fixed-income securities like bonds and government securities, ideal for risk-averse investors.

Hybrid Funds: Combining both equity and debt instruments, these funds offer a balanced approach to investment.

Exchange-Traded Funds (ETFs): These are passive investment funds that replicate the performance of a specific index.

Systematic Investment Plans (SIPs): SIPs allow investors to invest a fixed amount regularly, promoting disciplined saving habits.

Trends and Innovations The Indian asset management industry is witnessing several trends and innovations:

Digital Transformation: AMCs are leveraging technology to enhance customer experience, streamline operations, and offer innovative products.

ESG Investing: Environmental, Social, and Governance (ESG) factors are gaining prominence, with many AMCs incorporating ESG criteria into their investment decisions.

Passive Investing: There is a growing interest in passive investment strategies, such as ETFs and index funds, driven by their cost-effectiveness and simplicity.

Customized Solutions: AMCs are increasingly offering customized portfolio solutions to meet the unique needs of individual and institutional investors.

Challenges and Opportunities The asset management industry in India faces several challenges, including market volatility, regulatory changes, and intense competition. However, the growing awareness about mutual funds, increasing penetration of financial services, and rising disposable incomes present significant opportunities for growth.

Conclusion Asset Management Company in India are crucial to the financial landscape, providing investors with the expertise and resources to navigate complex markets. As the industry continues to evolve, AMCs are poised to play an even more significant role in driving financial inclusion and wealth creation in the country.

[profittuition]

Parag Parikh Flexi Cap Fund Direct Growth

Axis Small Cap Fund Direct Growth

Quant Mid Cap Fund Direct Growth

Nippon India Large Cap Fund Direct Growth

Aditya Birla Sun Life PSU Equity Fund Direct Growth

Tata Small Cap Fund Direct Growth

ICICI Prudential Bluechip Fund Direct Growth

HDFC Flexi Cap Direct Plan Growth

Motilal Oswal Midcap Fund Direct Growth

SBI PSU Direct Plan Growth

[ritikakukreti]

Guiding Financial Trajectories: Your Journey to Becoming a Top-Tier Portfolio Manager with IMT Ghaziabad

Introduction:

The world of finance is intricate and ever-evolving, with Portfolio Managers at its core, navigating the turbulent waters of investments, ensuring optimal returns, and cultivating trust. Are you fueled by the aspiration to be one such financial maestro? Dive in to discover how IMT Ghaziabad can be your compass to becoming a distinguished Portfolio Manager.

The Lure of IMT Ghaziabad:

Why should a budding Portfolio Manager consider IMT Ghaziabad?

Robust Curriculum: Tailored courses that delve deep into financial markets, strategies, and risk management.

Expert Faculties: With seasoned professionals sharing real-world insights, you're in for more than just textbook knowledge.

Vast Alumni Network: Connecting with IMT Ghaziabad alumni can open doors to invaluable mentorship and opportunities.

In essence, IMT Ghaziabad equips you with a holistic understanding of the finance world, ensuring you're several steps ahead in the game.

Venturing into Varied Industries:

A Portfolio Manager's role isn't restricted; it spans a plethora of sectors:

Banking: Managing assets for banking institutions.

Asset Management Firms: Overseeing mutual funds or pension plans.

Hedge Funds: Handling large investment pools with aggressive strategies.

Insurance Companies: Ensuring optimal allocation of premiums.

Private Equity Firms: Managing direct investments in private companies.

Regardless of the domain, your primary goal remains consistent: maximizing returns while hedging risks.

Navigating Challenges:

The path, while promising, has its set of challenges:

Evolving Markets: Adapting strategies to fluctuating markets.

Risk Management: Mitigating potential losses while chasing returns.

Client Expectations: Balancing client goals with market realities.

Yet, with IMT Ghaziabad's comprehensive training, these challenges transform into opportunities for growth and learning.

Top Employers in India:

For aspirants aiming to join India's financial elite, here are the top companies recruiting Portfolio Managers:

HDFC Asset Management

ICICI Prudential Asset Management

SBI Funds Management

Aditya Birla Sun Life AMC

Kotak Mahindra Asset Management

Axis Asset Management

Reliance Nippon Life Asset Management

UTI Asset Management

Tata Asset Management

Franklin Templeton Asset Management

Reflecting on the IMT Ghaziabad Influence:

Choosing IMT Ghaziabad isn't just about a prestigious tag. It's about embracing a transformative journey that fine-tunes your financial acumen and shapes you into a visionary Portfolio Manager. This institution's reputation coupled with its holistic approach ensures that your entry into the finance sector is not just impactful but pioneering.

Let ShikshaGurus help you find the right university for you

ShikshaGurus is an AI enabled platform that helps students compare Universities and Colleges based on the courses they offer. You can find the best universities offering MBA in Marketing

Conclusion:

In the labyrinth of financial markets, a Portfolio Manager's role is both challenging and rewarding. As you steer investments, balancing risks and rewards, IMT Ghaziabad stands as your steadfast partner, enriching you with knowledge, insights, and the confidence to make waves in the finance world. If you're fueled by a passion for finance and are seeking an institution that shares your ambition, let your journey commence with IMT Ghaziabad. Your portfolio of successes awaits!

[sharemarketnews01]

All about high return mutual funds & the best liquid funds

Are you sick of investing in low-returning investments? Do you want to know about the best high-return mutual funds and liquid funds in the market? Look no further, because we’ve compiled a list of top-performing funds that can help grow your wealth steadily. Whether you’re just a beginner or already have some knowledge, this blog post is perfect for anyone looking to make smart investment decisions. 

What are mutual funds?

Mutual funds aggregate money from numerous investors and invest it in securities like stocks, bonds, and other assets. They are managed by professional money managers, who invest the money in a way that strives to achieve the fund's investment objective. 

What are high return mutual funds?

High-return mutual funds are investments within the stock market that aim to provide a higher return than traditional funds. Typically, these types of funds offer more substantial returns in exchange for higher risks, so they might not be suitable for risk-averse people. It's very important to do your research before investing, as some high-return mutual funds may not perform as expected due to fluctuations in the market. 

However, with proper management and diversification, these types of investments can yield excellent results and potentially earn you more significant profits compared to other traditional investment vehicles. 

Here are some of the top mutual funds with high returns to invest in:

Quant Mid Cap Fund Direct Growth

Kotak Small Cap Fund Direct Growth

Quant Active Fund Direct Growth

Edelweiss Small Cap Fund Direct Growth

Axis Small Cap Fund Direct Growth

What are liquid funds?

If you're looking for a reliable and lucrative investment option that can offer you the best returns with minimum risk then liquid funds might just be your answer! These funds are known for their flexibility, liquidity and low-risk nature, making them an ideal choice for short-term investors. 

The primary objective of liquid funds is to provide investors with liquidity, capital preservation, and moderate returns. Money market funds are another name for liquid funds.

What are the best liquid funds in India?

If you want to find the best liquid funds in India, there are a few things you need to take into account. First and foremost, you must confirm the legitimacy and track record of the fund you are considering. Another thing you need to keep in mind is what your investment goals are. Finally, you should also consider the fees associated with each fund. Some funds charge higher fees than others, so it's important to compare different options before making a decision.

Here are some of the best liquid funds listed below:

Quant Liquid Fund

Edelweiss Liquid Fund

Aditya Birla Sun Life Liquid Fund

Franklin India Liquid Fund

PGIM India Liquid Fund

Nippon India Liquid Fund

Axis Liquid Fund

Conclusion

Mutual fund investing can be an excellent way to achieve financial stability and reap significant benefits. We hope that this article has given you all the knowledge and advice required to select the high-return mutual funds or liquid funds that are most suitable for your particular requirements.

[newswireml]

Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low#Godrej #Properties #Amber #Enterprises #hit #52week #lows #LIC #lifetime

Shares of Godrej Properties, Amber Enterprises India, Avanti Feeds, CESC, IFB Industries, Motilal Oswal Financial Services and Nippon Life India Asset Management Company hit their respective 52-week lows on the BSE in Friday’s intra-day trade as domestic markets remained under pressure amid the US Federal Reserve’s rate hike and comments from the US Treasury Secretary. Life Insurance Corporation…

[mfprofit]

Manas Shukla Segment Head , Digital Business, Nippon life India Asset Management LTD #Mfprofit #MutualFund #Raghuveer (at Jio World Centre) https://www.instagram.com/p/CnoSX3-L0yT/?igshid=NGJjMDIxMWI=

[rnewspost]

Nippon Life India Asset Management Ltd PT Lowered to INR310 at Jefferies

Nippon Life India Asset Management Ltd PT Lowered to INR310 at Jefferies

Nippon Life India Asset Management Ltd PT Lowered to INR310 at Jefferies #Nippon #Life #India #Asset #Management #Lowered #INR310 #Jefferies

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Nippon Life AMC jumps 6% on strong Q1 outcome

Nippon Life AMC jumps 6% on strong Q1 outcome

MUMBAI : Shares of Nippon Life India Asset Management advanced as much as 6% on Tuesday after the company reported a 24.3% jump in its consolidated net profit to ₹156.12 crore for the June quarter. The company had posted a profit after tax of ₹125.4 crore in the year-ago period.

At 1:27 pm, the scrip traded at ₹277 apiece on the BSE, up 2.5% from its previous close, while…

[amitbchoudhury]

Bitter lesson shapes fund manager’s cautious credit view

Bitter lesson shapes fund manager’s cautious credit view

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By Divya Patil and Subhadip Sircar The pandemic and record defaults by Indian companies are making one of the nation’s biggest money managers wary of investing in bonds from local firms.

Nippon Life India Asset Management Ltd., the country’s fifth-biggest mutual fund, won’t invest in rupee corporate notes rated below AA, except where required by mandate, said Amit Tripathi, chief…

[blogmutualfunds]

Top 6 stocks to buy for next 3-4 weeks

Top 6 stocks: Now, India is confronting the warmth of coronavirus as the quantity of cases in India is expanding. So far, the affirmed cases in India are Six on the off chance that the cases increment, at that point it will appear on India's financial development. The Stock market is confronting the warmth of coronavirus on Wednesday itself.

Also, the worldwide market is as of now confronting a log jam in the economy because of the Coronavirus Outbreak. Though, the specialists recommend choosing these areas which are probably going to give more benefits from the following 3 a month.

While the worldwide economy is performing admirably than what we expected, a portion of the organizations are performing truly well after the Q3FY20. The organizations are improving their gaining limit by the execution of thoughts stated, the financier organization HDFC Securities. 

A portion of the financier organizations propose purchasing these stocks that will give greater benefit than you expect are: Mahindra and Mahindra, Tata Motors, State Bank of India, Axis Bank, M&M budgetary, Federal Bank, RBL Bank, United Spirits, Symphony, Aditya Birla Group, DLF, Mindtree, Tata Steel, and Bharti Airtel.

In addition, there are a few divisions that will give sound returns in the field of medium to long haul segments. The Brokerage firm Anand Rathi Shares and Stock Brokers recommend Top 6 stocks that will give solid returns for the following 3 a month.

Hindustan Unilever | Buy

The organization on Wednesday shaped a Spinning top Candlestick pattern in the every day outline. The specialists recommend purchasing the stocks inside the scope of the current situation of the stock. While, the objective cost of the stock stands at Rs 2,422 and Upside cost at 12%.

Though, the organization on the earlier day shaped a Doji Candlestick pattern in the week after week graph on March third. The organization is one of the biggest FMCG in the nation with a bigger conveyance arrange. In addition, the organization additionally has an amazing scope of items that will convey great solid returns in medium to long haul development.

Titan Company | Buy

The organization on Wednesday shaped Higher highs and Higher Lows Pattern in the day by day diagram. The specialists propose purchasing the stocks inside the scope of the current situation of the stock. While the objective cost of the stock stands at Rs 1,528 and Upside cost at 23%.

The organization detailed income development of 13.5% over the most recent five years. The Brokerage firm anticipates that the organization should become 19% in the money related year 2020-2021.

 ICICI Bank | Buy

The organization on Wednesday framed the Spinning top Candle Stick Pattern in the day by day graph. While, in the week by week graph, it framed a Bullish harami Candlestick pattern on March third. The specialists propose purchasing the stocks inside the scope of the current situation of the stock. Though the objective cost of the stock stands at Rs 617 and Upside cost at 19%. 

Bata India | Buy

The organization on Wednesday framed the Three outside down Candlestick pattern in the day by day graph. Though, in the week after week outline, it shaped a Bullish harami Candlestick design on March third. The specialists propose purchasing the stocks inside the scope of the current situation of the stock. While the objective cost of the stock stands at Rs 2,180 and Upside cost at 35%.

Notwithstanding, the organization is concentrating on new plans and advances, brand acknowledgment, extending the dissemination system, and large-scale attributes said the financier firm.

HDFC Life Insurance Company:

The organization on Wednesday shaped the Bullish harami Candlestick pattern in the week by week graph. The specialists recommend purchasing the stocks inside the scope of the current situation of the stock. While the objective cost of the stock stands at Rs 710 and Upside cost at 26%.

Nippon Life India Asset Management | Buy

The organization on Wednesday shaped the Bullish gap up Candlestick pattern in the day by day graph. Though, in the week after week graph, it framed a Bullish hole up Candlestick design on March third. The specialists propose purchasing the stocks inside the scope of the current situation of the stock. While the objective cost of the stock stands at Rs 485 and Upside cost at 20%.

[investyadnya]

UTI AMC IPO Coming Soon| Should You Invest?

UTI AMC IPO Coming Soon| Should You Invest?

UTI AMC Gets SEBI Nod for Rs.3,500 Cr IPO Introduction

UTI AMC IPO Coming Soon! UTI Asset Management Company – India’s 7th largest mutual fund, got approval from the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise almost Rs.3,500 Cr. The company had filed draft papers with SEBI in December 2019 and obtained its observations on June 16, 2020.