Author name: viratbhushan22@gmail.com

The Clean Max Enviro Energy Solutions IPO 2026 is emerging as one of the most closely watched renewable energy IPOs in India this year. As India accelerates its clean energy mission and corporate decarbonization goals, this public issue offers investors exposure to the rapidly expanding commercial & industrial (C&I) renewable energy segment. If you’re new to IPO investing, first understand the fundamentals of IPO allotment, valuation, and listing gains through our detailed Stock Market Investment Course:👉 https://isfm.co.in/stock-market-investment-course-in-gurgaon/ In this article, we cover IPO dates, price band, lot size, company profile, financials, competitors, risks, and a structured investment view. Clean Max Enviro Energy Solutions IPO 2026 – Key Details To understand how IPO pricing is evaluated using financial ratios and intrinsic value concepts, explore our Fundamental Analysis Training:👉 https://isfm.co.in/fundamental-analysis-training-in-gurgaon/ About Clean Max Enviro Energy Solutions Ltd. Founded in 2010, Clean Max Enviro Energy Solutions Ltd is a leading renewable energy developer focused primarily on corporate and industrial customers. The company develops, owns, and operates: The company signs long-term Power Purchase Agreements (PPAs) with corporates, ensuring predictable and recurring revenue streams. Clean Max operates across multiple Indian states and supports large corporations in reducing their carbon footprint through sustainable power sourcing. If you want to analyze such energy stocks using chart-based strategies, explore our Technical Analysis Course in Gurgaon:👉 https://isfm.co.in/technical-analysis-course-in-gurgaon/ Management & Promoters The company is led by experienced professionals from the renewable energy and infrastructure sectors. Key Leadership: The leadership team has scaled operations significantly and attracted global institutional investors prior to the IPO. To evaluate promoter quality, governance standards, and management efficiency before investing, check our Chartered Stock Trading Expert Course (CSTX):👉 https://isfm.co.in/chartered-stock-trading-expert-course/ Business Model & Services 1️⃣ Renewable Energy Power Sales 2️⃣ Renewable Energy Services Unlike retail-focused utilities, Clean Max primarily serves commercial and industrial clients, which often sign long-term contracts. Financial Performance (FY25 Approx.) Financial Insights: The business operates in a capital-intensive infrastructure segment, which naturally impacts short-term profitability. Industry Competitors Clean Max competes with major renewable energy players such as: These companies compete in utility-scale and C&I renewable projects across India. To manage volatility in such sectors using hedging strategies, explore our Advance Derivatives Training:👉 https://isfm.co.in/advance-derivatives-training-gurgaon/ Strengths of the Clean Max IPO ✅ Strong position in C&I renewable energy segment✅ Long-term PPAs provide revenue visibility✅ Backed by institutional investors✅ Beneficiary of India’s green energy transition✅ Expansion potential with supportive government policies Risks to Consider ⚠ Capital-intensive infrastructure model⚠ High debt levels⚠ Regulatory and tariff risks⚠ Thin net margins⚠ Dependency on corporate contracts Investors should carefully evaluate valuation multiples and debt metrics before applying. Final Verdict – Should You Apply? 📌 For Long-Term Investors (3–5 Years Horizon) Yes, the IPO can be considered for moderate allocation if you believe in India’s renewable energy growth story and corporate sustainability trends. 📌 For Short-Term Listing Gains Caution advised. Due to modest profitability and infrastructure-heavy valuation, aggressive listing gains may depend on broader market sentiment. 🎯 Overall Recommendation Apply with: Avoid overexposure to a single infrastructure theme. Need Expert Guidance Before Applying? Register for a free counselling session at ISFM – Best Stock Market School:👉 https://isfm.co.in/registration If you found this IPO analysis useful, you may also like our guide on ETF investing:👉 https://isfm.co.in/study-material/

India’s corporate debt market continues to gain momentum, and IIFL Finance Limited has announced its biggest-ever public bond issue worth ₹2,000 crore. This marks the company’s second bond fundraising exercise in the current financial year and reflects its strategic focus on strengthening liquidity and diversifying funding sources. The issue is expected to attract income-focused investors looking for higher yields compared to traditional bank fixed deposits. Why Is IIFL Finance Raising Funds? As a leading Non-Banking Financial Company (NBFC), IIFL Finance is working to diversify its funding mix rather than relying solely on bank loans or institutional borrowings. Public bond issues help NBFCs secure long-term capital at competitive rates. The funds raised through this ₹2,000 crore bond issue will primarily be used for: This move strengthens the company’s capital structure and supports future lending growth. IIFL Finance Public Bond Issue: Key Details The company is offering multiple tenure options along with competitive coupon rates. Interest Rates and Tenure These returns are relatively attractive in the current interest rate environment and may appeal to conservative investors seeking steady income. Interest Payout Options Investors can choose from: This flexibility allows investors to align the bond with their income or long-term investment goals. Credit Rating and Risk Profile The bonds have been assigned an AA credit rating by: CRISIL Brickwork Ratings An AA rating indicates a high degree of safety regarding timely payment of interest and principal. However, investors must understand that corporate bonds are subject to credit and market risks and are not entirely risk-free. Rising Popularity of Public Bond Issues in India Public bond issues are becoming increasingly popular among retail and high-net-worth investors. Companies have collectively raised approximately ₹71 billion through public bonds during the first nine months of the financial year. With investors searching for alternatives to bank deposits, high-rated corporate bonds are emerging as a preferred fixed-income option. IIFL Finance Financial Performance The company has reported strong financial growth in recent quarters: The sharp expansion in the gold loan segment has significantly strengthened earnings performance and balance sheet stability. Should You Invest in IIFL Finance Bonds? Potential Benefits Key Risks Investors with moderate risk tolerance seeking better returns than fixed deposits may consider this issue after evaluating their financial goals and overall asset allocation. Conclusion The biggest public bond issue of ₹2,000 crore by IIFL Finance reflects its strategic focus on funding diversification and lending expansion. Supported by improving profitability and strong gold loan growth, the issue offers attractive yields for fixed-income investors. Before investing, carefully review the offer document and assess your risk profile. If you want to understand how corporate bonds, fixed income instruments, and portfolio diversification work, explore our professional courses: Chartered Stock Trading Expert Coursehttps://isfm.co.in/chartered-stock-trading-expert-course/ Technical Analysis Coursehttps://isfm.co.in/technical-analysis-course-in-gurgaon/

The Motilal Oswal Nasdaq 100 ETF by Motilal Oswal Asset Management Company is one of the most popular international exchange-traded funds (ETFs) available to Indian investors. It provides exposure to the globally recognized NASDAQ-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market. This ETF allows Indian investors to participate in the growth of major U.S. technology and innovation-driven companies through a domestic exchange-listed product. Investment Objective The scheme seeks to generate returns that correspond (before expenses) to the performance of the NASDAQ-100 Index, subject to tracking error. However, returns are not guaranteed and may vary due to market movements and currency fluctuations. Key Fund Details Particulars Details Fund Name Motilal Oswal Nasdaq 100 ETF Category International Equity ETF Risk Level Very High Inception Date 29 March 2011 AUM ₹11,606.1 Crores Expense Ratio 0.59% p.a. Portfolio Turnover Ratio 0.11 Tracking Error (1 Yr) 0.06% Entry Load Nil Exit Load Nil Number of Stocks 100 CAGR Returns (As on 31 Jan 2026) Period ETF Return Nifty 50 TRI (Benchmark Comparison) 1 Year 26.14% 8.97% 3 Year 34.22% 14.08% 5 Year -24.63% 14.54% Since Inception (29 Mar 2011) 23.21% — Past performance may or may not be sustained in the future. Portfolio & Allocation Strategy Parameter Details Allocation Up to 100% in Nasdaq-100 stocks Sector Bias Technology-heavy index Geography United States Currency Exposure USD Industry Classification As per AMFI guidelines The NASDAQ-100 Index typically has higher weights toward technology, communication services, and consumer discretionary sectors. Fund Management Team Dishant Mehta Over 11 years of experience in equities, derivatives, commodities, and currencies. Previously associated with Emkay Global, Anand Rathi, Kotak Securities, and Angel Broking. Swapnil Mayekar Over 12 years of experience in fund management and product development. Associated with Motilal Oswal AMC since 2010. Who Should Invest? This ETF is suitable for: Risks to Consider Risk Type Explanation Market Risk U.S. equity market volatility Currency Risk INR–USD exchange rate fluctuations Sector Risk High concentration in technology stocks Global Risk Geopolitical and macroeconomic factors The scheme and benchmark both carry a Very High Risk classification. Conclusion The Motilal Oswal Nasdaq 100 ETF offers Indian investors a structured way to gain exposure to globally leading technology and growth companies through a domestic ETF structure. With an AUM of over ₹11,600 crores, low tracking error, and competitive expense ratio, it remains one of the key international ETF options in India. However, due to high volatility and currency exposure, it is best suited for long-term investors with a diversified portfolio strategy. Want to Learn How to Build a Globally Diversified Portfolio? If you want to understand international ETFs, asset allocation strategies, and global market investing in depth, explore professional stock market programs at: ISFM – Best Stock Market School🌐 https://www.isfm.co.in

Exchange Traded Funds (ETFs) are gaining massive popularity among Indian investors due to low expense ratios, real-time trading, diversification, and transparency. Based on the data you provided, here is a well-structured and detailed comparison of the Top 5 ETFs. 1. Nippon India Silver ETF Parameter Details Asset Class Commodity (Silver) AUM ₹16,032.64 Cr 1-Year Return 53.10% 3-Year Return 61.44% Beta 2.20 (High Volatility) Expense Ratio 0.56% Investment Theme Inflation hedge, commodity exposure Risk Level High Analysis This ETF delivered the highest 1-year and 3-year returns among the top 5. It tracks physical silver prices and benefits from global demand, industrial usage, and precious metal momentum. However, high beta makes it volatile. Best For: Aggressive investors seeking commodity diversification. 2. Motilal Oswal NASDAQ 100 ETF Parameter Details Asset Class International Equity (US Tech) AUM ₹9,342.15 Cr 1-Year Return 38.40% 3-Year Return 35.99% Beta 1.99 Expense Ratio 0.58% Investment Theme Global technology growth Risk Level High Analysis Provides exposure to leading U.S. tech companies via the NASDAQ 100 Index. Offers geographical diversification and currency benefit (USD exposure), but comes with higher volatility and expense ratio. Best For: Investors seeking global diversification and tech-led growth. 3️. Kotak Nifty Bank ETF Parameter Details Asset Class Sectoral Equity (Banking) AUM ₹11,952.15 Cr 1-Year Return 7.11% 3-Year Return 12.26% Beta 1.11 Expense Ratio 0.15% Investment Theme Indian banking growth Risk Level Moderate Analysis Tracks the Nifty Bank Index and gives concentrated exposure to India’s leading banks. With improving credit growth and asset quality trends, banking remains a strong long-term theme. Best For: Investors bullish on India’s financial sector. 4️. Nippon India ETF Nifty Bank BeES Parameter Details Asset Class Sectoral Equity (Banking) AUM ₹14,721.94 Cr 1-Year Return 7.12% 3-Year Return 12.22% Beta 1.03 Expense Ratio 0.19% Investment Theme Large-cap banking exposure Risk Level Moderate Analysis One of the most liquid and established banking ETFs in India. Returns are similar to Kotak’s ETF, but slightly higher AUM improves liquidity comfort. Best For: Investors preferring high liquidity in banking ETFs. 5️. UTI BSE Sensex ETF Parameter Details Asset Class Large Cap Equity AUM ₹21,722.93 Cr 1-Year Return 4.34% 3-Year Return 5.78% Beta 0.95 Expense Ratio 0.05% (Lowest) Investment Theme Broad large-cap exposure Risk Level Low to Moderate Analysis Tracks the BSE Sensex and offers diversified exposure to 30 blue-chip Indian companies. It has the lowest expense ratio, making it ideal for long-term passive investing. Best For: Conservative investors seeking stable, low-cost core portfolio exposure. Final Ranking Based on Performance Which ETF Should You Choose in 2026? Diversification across asset class, geography, and sector can reduce overall portfolio risk while enhancing return potential.

Tax planning is not about investing in a hurry at the end of March. It is about choosing the right tax-saving schemes at the beginning of the financial year to reduce your income tax liability while building long-term wealth. As of FY 2025–26, most deductions are available under the Old Tax Regime, while the New Tax Regime offers lower slab rates but restricts major deductions. Here are the Top 5 Tax Saving Schemes in India (2026) that help you legally save tax and grow your money. 1. Public Provident Fund (PPF) PPF is one of the safest long-term tax-saving investments in India. It offers the powerful EEE (Exempt-Exempt-Exempt) benefit — investment, interest earned, and maturity proceeds are tax-free. Why Invest in PPF? Best suited for conservative investors seeking stable, tax-free growth. 2. Equity Linked Savings Scheme (ELSS) ELSS is a tax-saving mutual fund that invests primarily in equities. It has the shortest lock-in period among all 80C options, making it popular among young investors. Key Benefits: Ideal for investors with moderate to high risk appetite. 3. National Pension System (NPS) NPS is one of the most powerful tax-saving tools because it offers an extra ₹50,000 deduction under Section 80CCD(1B). This makes it especially beneficial for higher income earners. Why NPS Stands Out: Best for individuals building a structured retirement corpus. 4. Employees’ Provident Fund (EPF) EPF is a mandatory retirement savings scheme for employees in organized sectors. Both employee and employer contributions help create long-term wealth. Key Advantages: Suitable for salaried professionals planning disciplined retirement savings. 5. Health Insurance (Mediclaim) – Section 80D Health insurance premiums provide tax benefits while protecting against rising medical costs. Why It’s Essential: Recommended for every taxpayer. Old vs New Tax Regime Choosing the correct tax regime is critical for maximizing tax savings. Old Tax Regime: Allows deductions under: These deductions are subject to prescribed limits and benefit individuals who actively invest in tax-saving instruments. New Tax Regime: However, employer’s contribution to NPS under Section 80CCD(2) is still allowed as a deduction. Before filing your return, compare both regimes carefully to determine which is more beneficial based on your investment pattern. Smart Tax Saving Strategy for 2026 A structured approach could include: This combination reduces taxable income while building long-term financial security. Final Thoughts The best tax-saving scheme depends on your income level, risk tolerance, and financial goals. Instead of investing randomly, create a tax-saving plan aligned with wealth creation and retirement planning. If you want to professionally understand tax planning, investment strategies, and wealth management, explore: https://isfm.co.in/chartered-financial-market-expert-course/

When investing or trading in the stock market, you often come across the term Beta. It is one of the most important indicators used to measure stock volatility and risk. But what exactly is beta in the stock market, and why do traders prefer high beta stocks? Let’s understand this in simple language. What is Beta in the Stock Market? Beta measures how much a stock moves compared to the overall market. In India, the market is generally represented by benchmark indices like the Nifty 50 and the BSE Sensex. Beta compares a stock’s price movement with these indices. Beta Value Meaning Beta Value Interpretation 1.0 Stock moves exactly like the market Less than 1 Stock is less volatile than the market More than 1 Stock is more volatile than the market Simple Example If the market rises by 1%: Similarly, if the market falls 1%, a high beta stock may fall more sharply. So, higher beta means higher volatility. Beta Formula Beta is calculated using statistical methods, but conceptually: Beta = Stock’s volatility ÷ Market volatility It shows how sensitive a stock is to market movements. Why High Beta Stocks Are Good for Trading High beta stocks are preferred by traders because trading depends on price movement. 1. Bigger Price Swings Traders earn from short-term fluctuations. A stock that moves significantly during the day offers better opportunities compared to a slow-moving stock. High beta stocks provide: 2. Suitable for Intraday & F&O Trading High beta stocks are commonly used in: These strategies require volatility. Without movement, traders cannot generate returns. 3. Strong Reaction to News High beta stocks react sharply to: This creates short-term trading setups. High Beta vs Low Beta Stocks Feature High Beta Low Beta Volatility High Low Risk Level High Lower Price Movement Fast Slow Best For Traders Long-term investors Are High Beta Stocks Risky? Yes, high beta stocks carry higher risk. While they can generate bigger profits, they can also cause larger losses if the market moves against you. That’s why risk management, stop-loss discipline, and technical analysis are crucial while trading high beta shares. Long-term investors who prefer stability usually choose low beta stocks. Final Conclusion Beta is a simple measure of how much a stock moves compared to the market. However, successful trading is not just about choosing high beta shares. It requires structured learning, proper strategy, and disciplined execution. If you want to build strong trading skills, you can explore professional stock market training programs: Stock Trading Courses: https://isfm.co.in/stock-trading-courses-gurgaon/Technical Analysis Course: https://isfm.co.in/technical-analysis-course-in-gurgaon/

Mid-cap mutual funds strike a powerful balance between growth potential and relative stability. These funds invest in companies that are already established but still have significant room to expand, making them ideal for investors aiming to build long-term wealth with controlled risk. While mid-cap funds can experience short-term volatility, they have historically delivered strong returns over a full market cycle. For investors with a 5–10 year investment horizon, choosing quality mid-cap funds backed by experienced fund managers and disciplined investment strategies is critical. This blog highlights the top mid-cap mutual funds in India for 2026, shortlisted based on Assets Under Management (AUM), long-term return consistency, expense ratio, volatility profile, and portfolio quality. Top Mid Cap Funds Snapshot Fund Name AUM (₹ Cr) Risk Level Best For HDFC Mid Cap Fund 92,000+ Moderate Long-term quality growth Kotak Midcap Fund (Direct) 60,000+ Moderate Cost-efficient investing Nippon India Growth Mid Cap Fund 42,000+ High Aggressive growth seekers Motilal Oswal Midcap Fund 36,000+ High High-conviction investing SBI Midcap Fund 23,000+ Moderate Diversified exposure 1. HDFC Mid Cap Fund Parameter Details AUM ₹92,000+ Cr Benchmark Nifty Midcap 150 TRI Expense Ratio ~0.74% 5Y CAGR ~26% Volatility / Beta Moderate / 0.89 Portfolio Quality-growth Fund Manager Chirag Setalvad, Dhruv Muchhal Min SIP ₹100 Investor Insight:One of the largest and most trusted mid-cap funds in India, this fund focuses on high-quality businesses with sustainable growth, making it suitable for long-term investors seeking stability within mid-cap exposure. 2. Kotak Midcap Fund – Direct Growth Parameter Details AUM ₹60,000+ Cr Benchmark Nifty Midcap 150 TRI Expense Ratio ~0.37% 5Y CAGR ~21% Volatility / Beta Moderate / 0.89 Portfolio Growth + Value Fund Manager Atul Bhole Min SIP ₹100 Investor Insight:Known for its low expense ratio and balanced investment approach, this fund is ideal for investors who prefer cost efficiency with consistent mid-cap exposure. 3. Nippon India Growth Mid Cap Fund Parameter Details AUM ₹42,000+ Cr Benchmark Nifty Midcap 150 TRI Expense Ratio ~0.90% 5Y CAGR ~24% Volatility / Beta High / 0.78 Portfolio Aggressive growth Fund Manager Rupesh Patel, Kinjal Desai Min SIP ₹100 Investor Insight:This fund follows an aggressive growth strategy, suitable for investors who can tolerate volatility in exchange for potentially higher long-term returns. 4. Motilal Oswal Midcap Fund Parameter Details AUM ₹36,000+ Cr Benchmark Nifty Midcap 150 TRI Expense Ratio ~0.74% 5Y CAGR ~26% Volatility / Beta High / 0.78 Portfolio Concentrated Fund Manager Swapnil Mayekar, Rakesh Shetty Min SIP ₹500 Investor Insight:A high-conviction, concentrated portfolio, best suited for investors with a higher risk appetite and long-term conviction in mid-cap growth stories. 5. SBI Midcap Fund Parameter Details AUM ₹23,000+ Cr Benchmark Nifty Midcap 150 TRI Expense Ratio ~0.84% 5Y CAGR ~21% Volatility / Beta Moderate / 0.78 Portfolio Diversified Fund Manager Bhavin Vithlani Min SIP ₹500 Investor Insight:A well-diversified mid-cap fund offering balanced risk and return, suitable for investors looking to gradually build mid-cap exposure through SIPs. Final Takeaway Mid-cap mutual funds can play a crucial role in wealth creation when invested with discipline, patience, and a long-term SIP approach. While short-term volatility is inevitable, quality mid-cap funds have the potential to outperform over time. Investors should always align fund selection with their risk appetite, time horizon, and portfolio allocation strategy rather than chasing short-term performance. Disclaimer: Mutual fund investments are subject to market risks. Past performance does not guarantee future results.

India’s economic engine is increasingly powered by services rather than traditional manufacturing alone. From IT and financial services to healthcare, travel, logistics, and digital platforms, the services sector has emerged as the backbone of India’s growth story. To help investors participate in this long-term structural trend, Kotak Services Fund has been launched as a focused equity New Fund Offer (NFO). Key Scheme Details & NFO Dates Particulars Details Scheme Name Kotak Services Fund Scheme Type Open-ended equity scheme following Services theme Category Equity Schemes – Thematic Fund Investment Objective Long-term capital appreciation through equity and equity-related securities of companies in the services sector Benchmark Index Nifty Services Sector TRI Fund Managers Mr. Rohit Tandon (Equity & Overseas), Mr. Abhishek Bisen (Debt) Exit Load 0.5% if redeemed/switched within 90 days, Nil thereafter Minimum Investment Lump sum: ₹1,000 (₹100 additional) • SIP: ₹500 and above NFO Start Date February 04, 2026 NFO End Date February 18, 2026 What is Kotak Services Fund? Kotak Services Fund is an open-ended thematic equity mutual fund that invests primarily in companies belonging to India’s services sector. The fund aims to capture growth opportunities across businesses that benefit from rising consumption, digital adoption, urbanisation, and favourable demographics. Why the Services Sector is a Powerful Long-Term Theme Services dominate India’s economy In FY25, the services sector contributed over half of India’s Gross Value Added (GVA), making it the largest contributor to economic output. Service-oriented businesses typically enjoy asset-light models, scalability, and steady demand compared to traditional sectors. India’s demographic advantage India stands out as a young nation in an ageing global economy. A young workforce and expanding middle class are driving sustained demand for banking, insurance, healthcare, education, travel, and technology-led services. Rising income and consumption shift As per capita income increases, consumer spending naturally shifts towards services. This structural trend supports long-term earnings growth for service-sector companies. Why Consider Investing in Kotak Services Fund? Exposure to structural growth: The fund is aligned with long-term economic and consumption trends rather than short-term cycles. Investment Objective & Strategy The fund seeks to deliver long-term capital appreciation through an actively managed portfolio of service-sector companies. While the theme provides focus, sector and stock allocation can vary based on market conditions, valuations, and opportunities. There is no assurance that the investment objective will be achieved. Who Should Invest? Kotak Services Fund may be suitable for investors who: Final Thoughts India’s transformation into a service-driven economy is a long-term structural story. Kotak Services Fund offers investors an opportunity to align their portfolios with this trend through a professionally managed thematic fund. As with any equity investment, suitability should be evaluated based on individual risk appetite and financial goals. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.

Exchange-traded funds (ETFs) linked to global indices allow investors to access international markets in a transparent and rule-based manner. The Mirae Asset Hang Seng TECH ETF is designed to track the Hang Seng TECH Total Return Index (INR), providing exposure to technology-focused companies listed in Hong Kong. Rather than aiming to outperform the market, the scheme seeks to replicate index performance, subject to tracking error and foreign exchange movement. It is important to note that the scheme does not guarantee or assure returns, and there is no certainty that its investment objective will be achieved. Key Scheme Details Particulars Details Benchmark Index Hang Seng TECH Index (TRI) (INR) Inception Date 06 December 2021 Expense Ratio 0.55% (as on 07 Feb 2026) Monthly AUM ₹413.16 crore Tracking Error 0.12% 1-Year Tracking Difference –0.92% (as on 31 Dec 2025) Creation/Basket Size 8,00,000 units Investment Horizon 3 years Nature of Investment Passive index replication Risk Level Very High Investment Objective and Strategy The ETF aims to generate returns, before expenses, that are commensurate with the performance of the Hang Seng TECH Total Return Index (INR). It follows a passive investment strategy, where investments are made in the same proportion as the underlying index constituents. Portfolio changes occur only when the index is rebalanced, eliminating active stock selection. The underlying index is compiled and managed by Hang Seng Indexes Company Limited, which operates independently of the asset management company. About the Hang Seng TECH Index The Hang Seng TECH Index consists of 30 large, technology-centric Chinese companies listed on the Hong Kong Stock Exchange. These companies typically operate in areas such as internet services, digital platforms, fintech, software, and innovation-driven businesses. Launched on 27 July 2020 (base date: 31 December 2014), the index is designed to evolve with changes in Hong Kong’s technology ecosystem and new-age listings. Performance Snapshot (As on 06 Feb 2026) Period ETF Returns Index Returns Since Inception 2.84% –35.83% 3 Months –8.57% –7.70% 6 Months 0.13% 1.26% YTD –2.72% –1.89% 1 Year 9.37% 11.02% 3 Years 9.81% –46.02% Notes: Minimum Investment and Access Mode of Investment Minimum Requirement Through Stock Exchange Approximately ₹5,000, depending on market price (minimum 1 unit) Directly with AMC Multiples of 8,00,000 units (creation units) Retail investors generally access the ETF via stock exchanges, where units can be traded like equity shares during market hours. The larger creation unit size is mainly relevant for institutional participants and market makers. Investment Mechanics and Management Aspect Details Fund Management Managed by Mirae Asset Investment Managers (India) Private Limited Market Makers Multiple registered intermediaries Investment Style Passive, index-tracking Risk and Suitability Considerations Both the ETF and its benchmark are classified as Very High Risk, reflecting exposure to: This type of investment is generally suitable for investors with a longer time horizon and the ability to tolerate short-term market volatility. Closing Perspective Investing internationally through an ETF such as the Mirae Asset Hang Seng TECH ETF offers structured access to overseas technology markets. However, outcomes are driven by index performance, costs, and currency movement, making a clear understanding of risks and investment horizon essential before considering such exposure.

The Indian primary market is set to witness an important technology listing with the upcoming Fractal Analytics Limited IPO. Fractal Analytics is regarded as one of India’s first pure-play artificial intelligence and advanced analytics companies to tap the public markets. This IPO offers investors exposure to the fast-growing global AI and data analytics space. Fractal Analytics IPO Details Particulars Details IPO Opening Date 9 February 2026 IPO Closing Date 11 February 2026 IPO Allotment Date 12 February 2026 IPO Listing Date 16 February 2026 IPO Price Band ₹857 – ₹900 per share IPO Lot Size 16 equity shares Minimum Funds Required (Retail) Approx. ₹14,400 Maximum Retail Application Approx. ₹1,87,200 Total Funds Raised Approx. ₹2,834 crore About the Company Founded in 2000, Fractal Analytics is a global provider of artificial intelligence, machine learning, and advanced analytics solutions. The company operates across India, the United States, and Europe, serving large enterprises in banking, financial services, insurance, retail, healthcare, and technology. Fractal’s core strength lies in enabling data-driven decision-making for enterprises through AI platforms, predictive analytics, and customized solutions. Its long-standing relationships with global Fortune 500 companies highlight its credibility and strong execution capabilities in the analytics domain. Key Management The company is led by experienced founders with strong domain expertise: The management team has successfully scaled the business globally while maintaining a focus on innovation and client retention. Major Products and Services Fractal Analytics offers a diversified portfolio of analytics and AI-driven solutions, including: In addition, the company continues to incubate new AI products to support future growth. Financial Performance and Revenue Fractal Analytics has reported steady revenue growth over recent years, supported by rising global demand for AI and analytics solutions. The company has shown improvement in operating margins due to scale benefits and cost efficiencies. After a phase of investment-driven losses, Fractal has moved back toward profitability, reflecting better operational leverage. A significant portion of revenue comes from repeat global clients, providing stability and visibility to future earnings. Competitors The company operates in a competitive environment that includes both domestic and global analytics firms. Key competitors include Mu Sigma, Tiger Analytics, Tredence, DataRobot, and analytics divisions of large IT services companies. Fractal differentiates itself through domain expertise, long-term client relationships, and proprietary platforms. Conclusion The Fractal Analytics IPO represents a unique opportunity to invest in a pure-play AI and analytics company at a time when global enterprises are increasing technology spending. Strong management, a diversified client base, and improving financials are positive factors. However, investors should also consider premium valuations and competition within the analytics space before making an investment decision. Recommendation Long-term investors: Applying to the Fractal Analytics IPO may be considered by investors with a medium-to-long-term horizon who seek exposure to the AI and analytics theme. Allocation should be moderate and aligned with individual risk appetite. Short-term investors: Caution is advised due to valuation concerns and possible post-listing volatility. Overall Recommendation: Apply for long-term investment with a moderate risk approach.