Quick snap shot of BSE’s performance during the quarter(Q2 2025):

Derivatives:

On an average premium turn over has grown by about 15% as compared to Q1 – since the price revision was effective May 2024 – I’m expecting the revenue from the segment to grow in excess of 20% as compared to Q1 to reach around 300 Crore.

Star Mutual Fund: The growth momentum is very much intact. The number of subscription and redumption orders processed has grown by about 15% on an average. I’m expecting the revenue from the segment to grow to about 50 Crore for the current quarter.

Cash Segment: The number of trades has grown in excess of 15% as compared to Q1 2025. While I have not performed category wise performance, the revenue that I expect from the segment is in excess of 80 Crore.

IPO Market: More than 40 companies hit the IPO market during the current quarter as compared to about 20 companies during Q1 – I’m expecting the revenue from services to corporates to reach in excess of 30 Crore.

The single stock futures and options has not really gained much traction. Management will need to focus on this after the firefighting expected during the months of November and December due to change in weekly contract expiry.

Overall, I expect the numbers for the quarter to grow by atleast 10% as compared to numbers reported during Q1.

AJ

Disclosure: Remain invested in BSE.

If you don’t have time to mange stocks, then best thing is to invest through mutual fund. Go in for 50% in large cap funds and balance 50% in mid cap, small cap, defense etc. There is no point in holding such a large portfolio and get totally defocussed. As an experienced investor I always tell people not to invest more than 15-20 stocks whatever may be the value of your portfolio. Maximum investment in one stock should be not more than 10% of your total portfolio value. Invest in stock only if you are able to give lot of time for due diligence initially, then once you have the stock in your portfolio to track their quarterly performance in order to ensure they are on track so on & so forth. Just because others have stocks in their portfolio, you should not be jumping into investing in stocks. Mutual Fund are there for people like you who can’t spend too much time in investing in stocks or who don’t have the experty in investing in stocks. So take the route of investing in funds and start investing in equity only if you have time & required knowledge to invest in stocks. These are my advise to you

the most important factor for Muthoot is the free-float availability in trade, Mannapuram’s public float is very big in percentage terms and retailers are the weak hands and one should never invest in a company with a higher free float when its equivalent is available with a very limited free float in the market. I’m sure this phenomenon is evergreen and keeps the mannapuram trade at very low levels until the float of promoters comes down via the open market sale

How come encumbrance help the borrower in such a case. Can you help me with an example.