The Goodluck Defence IPO is one of the most keenly watched listings in India's rapidly expanding defence manufacturing sector. As a specialised defence and aerospace component manufacturer, Goodluck Defence's public debut is expected to attract strong interest from investors seeking exposure to India's Atmanirbhar Bharat defence manufacturing opportunity.What is the Goodluck Defence IPO?The Goodluck Defence IPO is for Goodluck Defence and Aerospace Limited, a manufacturer of precision defence components and assemblies serving the Indian armed forces and the domestic defence production ecosystem. The company has been working towards a public listing as part of its capital raising and growth strategy aligned with India's indigenisation goals.Key Expected DetailsExpected Issue Size: ₹500–₹1,500 crore (estimated)Listing: Shares are expected to be listed on the BSE and NSE mainboards.Issue Structure: The IPO is expected to include a fresh issue to fund capacity expansion, and may also include an OFS component.Estimated Valuation: Valuation will be determined based on order book, earnings, and defence sector peer comparisonsNote: Details are based on market assumptions and available information. Official details are yet to be announced.Goodluck Defence IPO GMP TodaySince the Goodluck Defence IPO is at an early stage, there is no active Grey Market Premium (GMP) available at this time. GMP will emerge once the company formally announces its IPO price band and subscription dates following SEBI observations on the DRHP.Goodluck Defence IPO ObjectivesBased on available information, the proceeds from the fresh issue are expected to be utilised for the following purposes, subject to confirmation in the DRHP:Expanding manufacturing capacity through investment in new production facilities and advanced precision manufacturing equipmentFunding research and development activities aimed at developing new defence components and achieving higher indigenisation levelsInvesting in technology upgrades and quality certifications required to supply to higher-value defence platforms and programmesRepayment of existing debt obligations and strengthening the balance sheet for future order fulfilmentSupporting general corporate purposes including working capital for large defence contract executionNote: The exact objectives of the IPO will be confirmed in the DRHP filed with SEBI.About Goodluck Defence and Aerospace LimitedGoodluck Defence and Aerospace Limited is a specialised manufacturer of precision-engineered defence components and assemblies.

SIP or systematic investment plan is one of the two ways of investing in mutual funds. The other way of investing in mutual funds is investing a lump sum. Investing in mutual funds via an SIP allows you to stagger your investments over and invest a small sum regularly.What are Best SIP Mutual Funds?Before we proceed to understand SIPs, let’s first understand mutual funds. A mutual fund is formed when a pooling entity (fund house or asset management company) pools investments from several individuals and institutional investors with common investment objectives to purchase securities. Mutual funds are broadly classified into equity funds, debt funds, and balanced/hybrid funds depending on the amount of their equity exposure.Investing in mutual funds via an SIP is advisable for the first-time mutual fund investors as it helps them in instilling a sense of financial discipline in the long run. The frequency of your SIP can be weekly, monthly, or quarterly, as per your comfort. Most millennials prefer taking the SIP route as it gives them a high degree of flexibility.

The NCDEX IPO is a significant anticipated listing in India's commodity derivatives market infrastructure sector. National Commodity & Derivatives Exchange Limited (NCDEX) is India's leading agricultural commodity exchange, providing a critical price discovery and risk management platform for farmers, traders, and agri-businesses across the country.What is the NCDEX IPO?The NCDEX IPO is for National Commodity & Derivatives Exchange Limited, India's premier agricultural commodity derivatives exchange regulated by the Securities and Exchange Board of India (SEBI). NCDEX specialises in agricultural commodity futures and options, serving as the primary price discovery mechanism for key agricultural crops cultivated across India's farming heartland.Key Expected DetailsExpected Issue Size: The issue size is estimated to range between ₹1,000 crore and ₹2,500 crore.Listing: Shares are expected to be listed on the main boards of BSE and NSE.Issue Structure: The offering is expected to primarily comprise an Offer for Sale (OFS) by existing institutional shareholders seeking partial liquidity from their holdings.Estimated Valuation: The valuation will be determined based on earnings, trading volumes, and comparables from peer commodity exchanges.Note: Details are based on market assumptions and available information. Official details are yet to be announced.NCDEX IPO GMP TodayThe NCDEX IPO has not been formally filed with SEBI yet, so there is no active Grey Market Premium (GMP) at this time. Tracking of the GMP will start once the subscription dates and price band are officially announced after the DRHP is reviewed by regulators.NCDEX IPO ObjectivesBased on available information and NCDEX's business profile, the IPO proceeds are expected to be directed towards:Providing an exit or partial liquidity opportunity to existing institutional shareholders who have supported the exchange's long-term developmentInvesting in technology platform upgrades to enhance trading speed, data analytics, and risk management capabilitiesDeveloping new agricultural commodity derivatives products and expanding market participation from farmers and agri-businessesFunding initiatives aimed at improving agricultural price discovery and farmer income through better market linkages and digital accessSupporting general corporate purposes and regulatory capital requirements for continued exchange operationsNote: The exact IPO objectives will be confirmed in the DRHP filed with SEBI.About National Commodity & Derivatives Exchange Limited (NCDEX)National Commodity & Derivatives Exchange Limited is India's leading agricultural commodity derivatives exchange, established in 2003. NCDEX provides a regulated, transparent platform for price discovery and risk management in key agricultural commodities, serving as a vital link between India's farming communities and organised financial markets.The organization is headquartered in Mumbai, Maharashtra, India.Ownership is held by prominent institutional shareholders, including NABARD, NSE, LIC, IFFCO, PNB, and ICICI Bank.The organization operates one of India's largest agricultural commodity futures platforms, serving farmers, mandis, processors, exporters, and financial investors nationwide.NCDEX Corporate Structure & Market SegmentsNCDEX (National Commodity & Derivatives Exchange) is a leading commodity derivatives exchange in India, operating as a professionally managed, demutualised entity.Key Market Segments:Agricultural Commodities (Core Segment)Non-Agricultural CommoditiesDerivatives ProductsInstitutional & Market Participants SegmentTechnology & Platform SegmentKey Commodity Categories:Oilseeds & Edible Oils: Soybean, mustard, castor seed, cottonseed oil cake futures and options contracts for India's major oilseed producing regionsCereals & Grains: Wheat, barley, maize and other cereal commodity derivatives serving procurement and risk hedging needs of millers and tradersSpices: Jeera, coriander, turmeric, and other spice commodity contracts serving major spice producing regions in Rajasthan, Gujarat, and Andhra PradeshFibres & Others: Guar seed, guar gum, cotton, and other agricultural commodity derivatives with significant domestic trading interestAgri-Index Products: Composite agricultural price indices providing basket exposure to broad agricultural price movementsMarket Leadership & Global PositionIndia's number one agricultural commodity derivatives exchange by turnover in key agri segmentsCritical price discovery infrastructure for India's farming community and agri-supply chain participantsUnique focus on agricultural commodities clearly differentiates NCDEX from MCX, which focuses primarily on metals and energyPan-India presence through warehousing network and broker distribution across agricultural producing regions and mandisNCDEX Technology InfrastructureNCDEX operates an advanced trading technology infrastructure:​Electronic Trading Platform: Anonymous, order-driven electronic system for commodity futures and options contracts meeting SEBI technical requirementsClearing and Settlement System: An integrated clearing corporation oversees settlement guarantees and performs daily margining for commodity derivative positions.Warehouse Receipt System (e-NWR): The electronic negotiable warehouse receipt platform facilitates commodity collateralisation and supports physical delivery to fulfill contracts.Price Dissemination Network: Real-time price ticker services and API-based data feeds are distributed to market participants, farming communities, and agricultural media outlets.NCDEX Leadership and ManagementNameDesignationDr.

Mid-cap mutual funds aim at generating benchmark beating returns by investing in equity and equity-linked securities of mid-cap companies. These funds have the potential to provide much higher returns than large-cap and debt funds.What are Mid Cap Mutual Funds?Mid cap funds are a class of equity mutual funds that invest mostly in the equity-linked securities of companies whose market capitalisation lies in the range of Rs 5,000 crore and Rs 20,000 crore. Mid-cap funds have the potential to provide higher returns as compared to large-cap funds as the growth potential of the underlying companies is on the higher side.The size of the company is a crucial factor to be considered while investing in equity-linked instruments. This is because the set of risks and opportunities predominantly depends on the size of the company. Mid cap companies have the potential to beat the benchmark and large-cap funds when the markets are bullish. This is possible as the underlying stocks will tap into the growth opportunities.Top 10 Mid Cap FundsThe following table shows the top mid-cap funds as per the past 3-year and 5-year returns:Fund Name1Y Return3Y Return (CAGR)5Y Return (CAGR)AUM (in Cr)Motilal Oswal Midcap Fund14.80%29.70%34.90%35,000HDFC Mid-Cap Opportunities Fund2.80%25.30%31.20%80,000Mahindra Manulife Mid Cap Fund14.80%24.50%20.80%4,866Nippon India Growth Fund11.90%24.20%28.60%35,000Kotak Emerging Equity Fund10.80%23.60%27.80%55,000Edelweiss Mid Cap Fund10.50%23.10%27.20%8,000SBI Magnum Midcap Fund9.70%22.80%26.90%19,000Axis Midcap Fund8.90%21.60%25.80%28,000Invesco India Mid Cap Fund9.40%21.40%25.30%6,500DSP Midcap Fund8.70%20.90%24.80%17,000Who Should Invest in Mid Cap Funds?Now that you know about the best mid cap mutual funds, it is crucial for you to know who should invest in them:Individuals who are willing to take higher risks for greater returns should invest in mid cap funds. This is because, in the short to medium term, these fund schemes can be highly volatile.

Investing in hybrid/balanced mutual funds is the best way to diversify your investment portfolio. These mutual funds invest across both debt and equity instruments. It is for this reason that investors get the benefit of realising maximum returns from both segments. Hybrid funds ensure capital appreciation and fight against the potential risk at the same time.What are Hybrid Mutual FundsBalanced or hybrid mutual funds are a one-stop investment option offering exposure to both equity and debt segments. The main intention of hybrid funds is to balance the ratio of risk-reward and optimising the return on investment. Top hybrid mutual funds invest about 50% to 70% of the portfolio in equities and the rest in debt instruments.If the equity exposure of a hybrid fund exceeds 65%, then it is considered as an equity-oriented hybrid fund. If not, it is regarded as a debt-oriented hybrid fund. First-time equity investors may consider hybrid mutual funds as a viable option.

Liquid funds are a class of debt funds that predominantly invest in high-quality fixed instruments that mature within 91 days. The asset allocation of liquid funds is made towards certificates of deposit, treasury bills, commercial papers, and so on.What are Liquid FundsLiquid funds are debt funds that invest in fixed-income securities such as certificates of deposit, treasury bills, commercial papers, and other debt securities that mature within 91 days. Liquid funds do not come with a lock-in period. The redemption requests of liquid funds are processed within 24 hours on business days.The risk levels of liquid funds are on the lower side. Liquid funds are considered to least risky among all classes of debt funds as they mostly invest in high-quality fixed-income securities that mature soon.

The Garuda Aerospace IPO is seen as an important upcoming event in India's growing drone technology industry. As a leading drone maker and service provider, Garuda Aerospace's public offering is expected to attract strong investor interest in the expanding UAV market.What is the Garuda Aerospace IPO?​The Garuda Aerospace IPO is for Garuda Aerospace Private Limited, a Chennai-based company that designs, manufactures, and operates drones for agriculture, surveillance, industrial, and defence applications. The company is well known in India's drone sector for its wide range of products and services.​Key Expected Details:​Expected Issue Size: Estimated between ₹500 and ₹1,500 croreListing: Shares are expected to be listed on the BSE and NSE mainboardsIssue Structure: Likely to include a fresh issue for capacity and R&D investment, and possibly an OFS from current investorsEstimated Valuation: The valuation will be set based on revenue, order book, and comparisons with other drone companies​Note: These details are based on current market information and assumptions. Official information has not been announced yet.​Garuda Aerospace IPO GMP Today​Since the Garuda Aerospace IPO remains in its preliminary phase, there is no active Grey Market Premium (GMP) available yet. The GMP will likely be set after the company announces its IPO price band and subscription dates, following SEBI's review of the Draft Red Herring Prospectus (DRHP). Objectives of the IPOThe allocated funds will be used to increase drone manufacturing capacity to meet growing demand from agricultural, government, and defence customers.Some funds will go toward research and development of new drone technologies, such as AI-powered autonomous systems and beyond-visual-line-of-sight (BVLOS) features.The company also plans to expand its agricultural drone service network in Tier 2 and Tier 3 cities and rural areas across India.Funds will help cover working capital needs for large drone supply contracts and fulfilling government tenders.Some proceeds will be used for general corporate purposes, such as hiring talent, marketing, and expanding into international markets.​Note: The exact IPO objectives will be confirmed in the DRHP filed with SEBI.​About Garuda Aerospace Ltd​Garuda Aerospace is a leading Indian drone company that uses unmanned aerial technology for agriculture, infrastructure monitoring, and defence.

Fixed maturity plans are close-ended debt funds. These mutual funds are designed to ensure that investors get a predictable rate of return.What are Fixed Maturity Plans?Fixed maturity plans, commonly referred to as FMPs, are a class of debt funds that primarily invest in fixed income instruments such as a certificate of deposit or bonds that lock in the yields that are currently available. This is done to eliminate interest rate fluctuation faced by debt markets.Fixed maturity plans are close-ended mutual fund schemes with a pre-defined maturity. The tenure varies from 30 days to 5 years. The most commonly available tenures range from thirty days to 180 days, 370 days and 395 days.Top Fixed Maturity PlansFixed Maturity Plans (FMPs) are close-ended debt mutual funds that invest in fixed-income securities maturing around the same time as the scheme and are suitable for investors seeking predictable returns over a fixed tenure.

What are Best Multi Cap Mutual Funds?Best multi cap mutual funds invest in equity shares of companies of different market capitalization across all sectors. Instead of sticking to a particular capitalisation, these funds invest in equities across large-cap, mid-cap, and small-cap stocks in the portfolio in a specific proportion. As compared to pure mid-cap/small-cap funds, these funds are less risky and prevalent among investors who are less aggressive in terms of returns.The fund manager is well-positioned to pick stocks across capitalisation and sectors as per his outlook of the market. The investor, thus, may stay free from anxieties regarding chasing the action or missing out on rallies in a particular sphere of the market.Apart from stock-picking, the fund manager keeps switching holdings in the fund between large-cap, mid, and small-cap stocks as he/she deems fit, based on market movements. Using the leeway, the fund managers tend to have a large-cap bias and keep on increasing or decreasing their mid-cap holdings by a small as and when market conditions change.Since these funds are invested in multi cap companies, during a bull run, they deliver spectacular returns, sometimes even outperforming the pure large/mid-cap funds. This happens because, during a bull market, the underlying stocks in the funds can unlock their values and tap into the growth opportunities.Best-Performing Multi Cap FundsThe table below shows the top-performing small cap funds based on the past 3-year and 5-year returns:Fund Name1Y Return3Y Return (CAGR)5Y Return (CAGR)AUM (in Cr)Mahindra Manulife Multi Cap Fund15.20%28.80%30.40%5,200+Nippon India Multi Cap Fund13.90%25.60%27.30%4,800+ICICI Prudential Multicap Fund12.70%24.90%25.80%16,000+Kotak Multicap Fund12.40%24.30%24.90%15,000+Quant Multi Cap Fund10.50%20.60%48.30%22,832Baroda BNP Paribas Multi Cap Fund11.80%23.70%24.20%2,500+SBI Multicap Fund11.20%22.90%23.60%18,000+HDFC Multi Cap Fund10.90%22.40%22.80%14,000+Tata Multicap Fund10.40%21.80%22.20%3,000+Axis Multicap Fund9.80%20.90%21.50%3,500+Who Should Invest in Best Multi Cap Mutual Funds?Multi cap funds sustain an extensively diversified portfolio consisting of stocks of different market capitalization and sectors. These funds are an excellent way to take exposure to broader equity segments using systematic investment plans (SIP) of as low as Rs 500 to start-off.Investors who don’t want to get into the trouble of stock-picking or deciding which market capitalization fund would suit them may go for multi cap funds as a starter. They may switch to pure cap funds after getting the hang of markets.

The HDFC Securities IPO is one of the most anticipated financial services listings in India. Backed by HDFC Bank, HDFC Securities is expected to draw significant investor interest due to its strong presence in the expanding retail investment market.What is the HDFC Securities IPO?The HDFC Securities IPO relates to HDFC Securities Limited, the brokerage and financial services subsidiary of HDFC Bank. The company provides a wide range of investment services, including equity broking, derivatives and currency trading, mutual fund and insurance distribution, and fixed income products for retail and high-net-worth clients.Key Expected DetailsExpected Issue Size: Estimated at ₹4,000–₹6,000 crore, subject to final valuation and OFS size.Listing: Shares are expected to be listed on the main boards of both the BSE and the NSE.Issue Structure: Primarily an OFS by HDFC Bank, enabling partial divestment of its holding.Estimated Valuation: HDFC Securities is projected to be valued at ₹30,000–₹45,000 crore, based on earnings multiples and peer comparisons.Details are based on market assumptions and available news reports. Official details are yet to be announced.HDFC Securities IPO GMP Today​As the HDFC Securities IPO has not been formally filed with SEBI, there is currently no active Grey Market Premium (GMP). Unlisted share activity may occur in the private market as the IPO timeline becomes clearer.