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Market closedLast updated 16 JUL 2026, 16:08 ISTData NSENot investment advice
TVS Motor Company

TVS Motor Company Share Price Today (TVSMOTOR)

NSE: TVSMOTORBSE 532343Automobile and Auto Components2/3 Wheelerswww.tvsmotor.com
TechnicalsTV Chart
₹3,612.30
3.90+0.11%
Overall Score37/100
Today's 3,583
₹3,612.30
3,651
52-Week 2,729
₹3,612.30
3,970
Open3,607.70
Prev Close3,608.40
Bid3,612.12284
Ask3,612.48177

TODAY IN ONE LINE

TVSMOTOR slipped 0.5% on light volume, in line with Nifty's 0.1% move, supported by recent strong earnings.

With a market cap of ₹1.72 L Cr., it trades at a P/E of 57.01. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume709.5K−31%vs 20D avg
Market Cap₹1.72 L Cr.
Promoter Hold.50.27%
Face Value₹1
Fwd P/E31.68
PEG1.74
EV/EBITDA32.41
P/S3.08
ROA8.55%
Beta1.13
Div Payout18.84%
THE STOCK SCORE

How good is this company?

Overall performance across 5 key dimensions.

Overall Score37/100
Updated 14 Jul
Each card tappable → shows formula + inputs
FLAGS

TVS Motor Company flags 

Key strengths and potential risks.

✅ 6 green flags🚩 2 red flags

Green Flags

  • ●Earnings GrowthEPS (TTM) grew by a solid 19.1% YoY
  • ●Quarterly OutperformanceLatest quarter Sales up 30.4% and Profit up 20.9%
  • ●High Capital EfficiencyROCE of 17.4% indicating pricing power
  • ●Strong Return on EquityHealthy ROE of 31.6%
  • ●High Promoter HoldingPromoters hold 50.3% skin-in-the-game
  • ●Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • ●Expensive ValuationTrading at a high P/E ratio of 55.0x
  • ●High Leverage RiskDebt-to-Equity is elevated at 3.06x
THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

No recent changes found for this period.
🔒Prime: full history + alerts on this stock
Valuation

TVS Motor Company Limited valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for TVS Motor Company Limited, framed against the sector median so the premium or discount is obvious at a glance.

TVS Motor Company Limited trades at a P/E of 57.01× and P/B of 17.99×, against the Automobile and Auto Components sector median P/E of 31.12×.

Key MetricsLive · as of 15 Jul 2026
Valuation

Valuation

Market Cap
₹1.72 L Cr.
P/E Ratio
Watch
Above quality threshold of 40
57.01
P/B Ratio
Watch
Above quality threshold of 5
17.99
EPS
₹63.69
Profitability

Profitability

ROE
Good
Better than threshold of 15%
31.62%
ROCE
Good
Better than threshold of 15%
17.4%
Net Margin
Neutral
Near threshold of 10%
5.36%
Op Margin
Neutral
Near threshold of 15%
12.97%
Growth

Growth

EPS YoY
Good
Better than threshold of 15%
19.1%
Revenue YoY
Good
Better than threshold of 10%
31.3%
Qtr Sales
Good
Better than threshold of 10%
30.4%
Qtr Profit
Good
Better than threshold of 10%
20.9%
Financial Health

Financial Health

Debt / Equity
Watch
Above quality threshold of 2
3.06
Book Value
₹70.31
Div Yield
Neutral
Near threshold of 2%
0.33%
Promoter Holding
Good
Better than threshold of 50%
50.27%
Technicals

TVS Motor Company Limited technical analysis: indicators, pivots and CPR.

Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for TVS Motor Company Limited — derived from the live tape, not yesterday's close.

TVS Motor Company Limited last traded at ₹3,612.3 with an intraday range of ₹3,582.5–₹3,650.9 — live indicator, pivot and CPR signals below.

Last updated: 16:08:00 IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Live: ₹3612.30
LevelPrice (₹)Distance% Δ
R43784.77+172.47+4.77%
R33716.37+104.07+2.88%
R23683.63+71.33+1.97%
R13647.97+35.67+0.99%
PIVOT3615.232.930.08%
CURRENT3612.30——
S13579.57-32.73-0.91%
S23546.83-65.47-1.81%
S33511.17-101.13-2.80%
S43442.77-169.53-4.69%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 3613.77P: 3615.23TC: 3616.70
R1
R2
R3
R4
indicator
LTP: 3612.30
PDH: 3655.00
PDL: 3589.70
● Market Sentiment

TVSMOTOR is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Narrower, suggesting likely for trending moves

● Opening Range

Day's range: ₹3600–₹3636

● Price Position

Trading Inside opening range

Financials

TVS Motor Company Limited financials: P&L, balance sheet, cash flow, ratios.

Twelve years of audited numbers for TVS Motor Company Limited, switchable between annual and quarterly views, consolidated or standalone.

TVS Motor Company Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1.72 L Cr. and reported EPS of ₹63.69.

Period201820192020202120222023202420252026
Revenue from Operations
16,656
20,160
18,849
19,421
24,355
31,974
39,145
44,089
56,070
Other Income
145
25
52
47
33
138
106
70
22
Total Income
16,801
20,185
18,901
19,468
24,388
32,112
39,251
44,159
56,092
Cost of Goods Sold (COGS)
11,292
13,954
12,317
12,925
16,257
20,843
24,405
26,724
34,880
Gross Profit
5,364
6,206
6,533
6,495
8,098
11,131
14,739
17,365
21,190
+Operating Expenses
3,868
4,045
4,259
4,258
5,343
7,063
9,196
10,716
12,796
EBITDA
1,497
2,161
2,273
2,238
2,755
4,067
5,543
6,649
8,393
+Non-Operating Expenses
712
1,105
1,370
1,437
1,643
2,225
2,903
3,139
3,452
Profit Before Tax (PBT)
930
1,081
874
829
1,064
1,977
2,746
3,579
4,863
+Tax Expense
266
357
219
214
336
627
924
1,155
1,635
Profit/Loss from Discontinued Ops
—
—
—
—
—
—
—
30
—
Total Profit for Period
665
725
647
608
731
1,309
1,779
2,380
3,186
Less: Non-controlling Interests
12
21
22
13
-26
-19
92
144
168
Net Profit (Owner's PAT)
652
705
625
594
757
1,329
1,686
2,236
3,018
Earnings Per Share (EPS)
13.73
14.83
13.15
12.51
15.93
27.97
35.50
47.06
63.53
Diluted Shares Outstanding (Nos.)
48
48
48
48
48
48
48
48
48
+Additional Disclosures
27,174
33,087
30,247
31,685
39,561
50,978
60,905
67,450
86,742
Sales Growth %
—
21.04
-6.50
3.03
25.41
31.28
22.43
12.63
27.17
YoY Sales Growth %
—
21.04
-6.50
3.03
25.41
31.28
22.43
12.63
27.17
Material Cost %
66
68
64
65
65
63
61
59
59
Employee Cost %
7
7
8
9
9
9
9
8
8
Other Cost %
16
13
14
13
13
13
15
16
15
OPM %
9
11
12
12
11
13
14
15
15
Tax %
29
33
25
26
32
32
34
32
34
Profit Growth %
—
8.02
-11.36
-4.86
27.36
75.56
26.92
32.57
35.01
Gross Margin %
32.21
30.78
34.66
33.45
33.25
34.81
37.65
39.39
37.79
EBITDA Margin %
8.99
10.72
12.06
11.52
11.31
12.72
14.16
15.08
14.97
Interest Coverage Ratio
3.32
2.59
2.01
1.90
2.14
2.35
2.37
2.68
3.19
Ebit
1,123
1,719
1,717
1,673
2,012
3,209
4,568
5,603
7,121
all values in ₹ Cr unless suffixed · source: company filings
Segment Analysis

TVS Motor Company segment analysis: revenue and profit mix.

Disclosed business segments at TVS Motor Company with their share of revenue and profit, switchable between consolidated and standalone reporting.

TVS Motor Company discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for TVS Motor Company Limited.

Our AI distills the core fundamental drivers supporting TVS Motor Company Limited, the risks that threaten it, and the exact valuation or growth triggers that should make you re-evaluate.

TVS Motor Company Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • Robust ROE of 31.62% demonstrates efficient capital utilization and shareholder value creation.

  • TTM revenue growth of 31.3% YoY signals strong market demand and top-line momentum.

  • Latest quarterly EPS grew 19.0% YoY, reflecting earnings acceleration and operational efficiency.

  • Promoter holding at 50.27% ensures stable long-term commitment and aligned governance.

  • Operating cash flow of ₹1,390 Cr (latest quarter) supports debt servicing and capex investments.

bear case

Key Risks.

  • Debt-to-equity ratio of 3.06 indicates excessive leverage relative to sector peers.

  • Premium P/E of 54.95x signals overvaluation versus sector median and historical averages.

  • Negative free cash flow of ₹1,823 Cr (latest quarter) constrains reinvestment capacity.

  • Dividend yield of 0.33% offers minimal income return for equity investors seeking yield.

  • Net profit margin of 5.36% TTM remains modest, limiting profitability per rupee of sales.

flip conditions

Flip Conditions.

  • Trim if P/E re-rates above 74 (~2.4× the sector multiple of 31.1). The valuation cushion thins from there.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 3.56. Balance sheet risk re-prices growth multiples fast.

  • Exit if ROE slips below 27%. The operating engine is no longer compounding capital efficiently.

Shareholding

TVS Motor Company shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in TVS Motor Company — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Annual • Mar 2026

DII18.83%↑0.54%
FII22.57%↓0.52%
Others0.03%
Public8.30%↓0.03%
Promoters50.27%

Ownership Distribution

Domestic Institutions
18.83%
Foreign Institutions
22.57%
Others
0.03%
Retail & Public
8.30%
Promoters
50.27%

Category Trends

Foreign Institutions Breakdown
Total Holding: 22.57%
Net Change: -0.52%
Category Total22.57%
Total Holding22.57%
Net Change-0.52%
Not Fully Disclosed

⚠️Partial Disclosure Notice

Individual institutions below total 1.14%, but category aggregate is 22.57%. Some institutions may not be disclosed by the company as per regulatory requirements.

Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod
Government Of Singapore
1.14%
1.14%
+1.14%
Mar 2026
CARTICA CAPITAL LTD
0.00%
0.00%
0.00%
Mar 2026
EUROPACIFIC GROWTH FUND
0.00%
0.00%
0.00%
Mar 2026
JWALAMUKHI INVESTMENT HOLDINGS
0.00%
0.00%
0.00%
Mar 2026
TREE LINE ASIA MASTER FUND (SINGAPORE) PTE LTD
0.00%
0.00%
0.00%
Mar 2026
New World Fund Inc
0.00%
0.00%
0.00%
Mar 2026
ABU DHABI INVESTMENT AUTHORITY
0.00%
0.00%
0.00%
Mar 2026
COLUMBIA ACORN INTERNATIONAL
0.00%
0.00%
0.00%
Mar 2026
EUPAC FUND
0.00%
0.00%
0.00%
Mar 2026
Peers

TVS Motor Company Limited peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — TVS Motor Company Limited is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
Bajaj Auto Limited
₹2.88 Lakh Cr
Best Profit Growth
Bajaj Auto Limited
102.00 %
Highest Dividend Yield
Hero MotoCorp Limited
3.57 %

Peer Comparison

Company Name
ATHERENERG
Ather Energy Limited
Compare vs ATHERENERG
BAJAJ-AUTO
Bajaj Auto Limited
Compare vs BAJAJ-AUTO
EICHERMOT
Eicher Motors Limited
Compare vs EICHERMOT
HEROMOTOCO
Hero MotoCorp Limited
Compare vs HEROMOTOCO
OLAELEC
Ola Electric Mobility Limited
Compare vs OLAELEC
TVSMOTOR
TVS Motor Company LimitedCurrent Stock
09 · Chart Patterns

TVS Motor Company Limited chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for TVS Motor Company Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

  1. 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
  2. 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
  3. 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
  4. 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
  5. 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Detection
History
Click a pattern card to draw the pattern shape on the candles — labeled pivots (Head, Shoulders, Bottoms), neckline, breakout point, projection and invalidation. Click again to clear.
0 patterns
Historical accuracy
—
0 of 0 confirmed patterns reached projection
Avg move when projection reached
—
measured from break level
Avg sessions to projection
—
after confirmation
Best pattern on TVSMOTOR
—
needs ≥3 completions

Pattern history — every completed pattern and its outcome

No completed patterns yet.
View full TVSMOTOR pattern history & scanner →
Delivery Conviction

TVS Motor Company Limited delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for TVS Motor Company Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in TVS Motor Company Limited stood at 58.6% of traded volume, against a 20-day average of 54.4%.

Avg Delivery (20D)54.4%+4.2 ppt latest vs avg
Highest Delivery72.4%on 29 Jun
Avg Volume (20D)10.24 L20-day run-rate
Conviction Trend↓ Weakening+4.2 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

TVS Motor Company announcements: results, concalls, ratings, M&A.

Filings TVS Motor Company sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

TVS Motor Company files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 232 documents below.

  1. 08 Jul 2026Certificate under SEBI (Depositories and Participants) Regulations, 2018View PDF

    Certificate under SEBI (Depositories and Participants) Regulations, 2018

    TVS Motor Company Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

  2. 08 Jul 2026Press ReleaseView PDF

    Press Release

    TVS Motor Company Limited has informed the Exchange regarding a press release dated July 08, 2026, titled "TVS MOTOR COMPANY AND INDIAN OIL…

  3. 06 Jul 2026Press ReleaseView PDF

    Press Release

    TVS Motor Company Limited has informed the Exchange regarding a press release dated July 06, 2026, titled "From Track to Road, Across 7 Million…

  4. 03 Jul 2026Credit RatingView PDF

    Credit Rating

    TVS Motor Company Limited has informed the Exchange about Credit Rating

  5. 03 Jul 2026General UpdatesView PDF

    General Updates

    TVS Motor Company Limited has informed the Exchange about Update to our earlier disclosure dated 15th May 2026 under Regulation 30 read with Schedule…

§ 10b · Reports & Decks

Investor decks & rating reports.

Investor Presentations· 1
INV
Investor Presentation

Press Release

28 Apr 2025✦ AI SummaryOpen →
Credit Ratings· 4
CR
Credit Rating

Credit Rating

03 Jul 2026✦ AI SummaryOpen →
CR
Credit Rating

Credit Rating

05 Mar 2026✦ AI SummaryOpen →
CR
Credit Rating

Credit Rating

06 Sept 2025✦ AI SummaryOpen →
CR
Credit Rating

Credit Rating

24 Jun 2025✦ AI SummaryOpen →
Corporate Actions

TVS Motor Company dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue TVS Motor Company has declared, sequenced by announce and record date.

TVS Motor Company corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About TVS Motor Company Limited: business, sector, key facts.

What TVS Motor Company Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

TVS Motor Company Limited operates in the 2/3 Wheelers industry under the Automobile and Auto Components sector, listed as NSE: TVSMOTOR, BSE: 532343.

TVSMOTOR
Automobile and Auto Components

TVS Motor Company Limited

NSE · TVSMOTOR·BSE · 532343·www.tvsmotor.com

TVS Motor Company Limited is a major Indian automotive manufacturer specializing in the production and sale of two-wheelers, three-wheelers, and related components and parts. Their diverse portfolio caters to a wide range of customer needs, spanning various segments of the market. The company’s geographical reach extends beyond India, with established presence in the Middle East, Africa, Southeast Asia, France, and Latin and Central America, demonstrating a strong international footprint.

The company’s business is structured across four key segments. The largest segment, Automotive Vehicles and Parts, encompasses their extensive range of two-wheelers including motorcycles (Apache RTR, Apache RR, Radeon, Ronin, RTE, Raider, StaR City+, and Sport), scooters (Ntorq, Jupiter, Zest 110, and Scooty Pep+), mopeds (XL 100), and electric vehicles (TVS X and TVS iQUBE). They also manufacture three-wheelers under the TVS King brand. This segment forms the core of their revenue generation.

The Automotive Components segment focuses on manufacturing and supplying parts not only for their own vehicles but potentially for other manufacturers as well. This vertical allows for diversification and leveraging of existing manufacturing capabilities. The Financial Services segment offers financing options for their two-wheeler products, enhancing customer accessibility and driving sales. Finally, the Others segment encompasses any remaining business activities not explicitly categorized in the other three segments.

TVS Motor’s distribution network relies heavily on a network of authorized dealers, ensuring widespread availability of their products across their target markets. Their offerings in the e-mobility space, including electric two-wheelers and e-bikes under brands like Cilo, Simpel, Allegro, and Zenith-Bikes, showcase their commitment to adapting to evolving market demands and technological advancements. The company’s long history, dating back to its incorporation in 1992, and its position as a subsidiary of TVS Holdings Limited, underscore its stability and financial backing.

company facts
Employees—
SectorAutomobile and Auto Components
HeadquartersChennai, India
Market Cap₹1.72 L Cr.
Listed OnNSE
leadership20 on record
Bernhard Heiming
Chief Technology Officer
Dr. Deepali Joshi
Non-Executive Independent Director
Mr. B. Sriram
Non-Executive Independent Director
Mr. Kamlesh Kumar Sharma
Global Head of Communications
Mr. Kelliya Srinivasan
Company Secretary
Mr. Kelliya Subramania Srinivasan
Compliance Officer & Company Secretary
Mr. K. Gopala Desikan
Chief Financial Officer
Mr. K. Gopala Desikan B.Com. A.C.A.
Group Chief Financial Officer
Mr. K. N. Radhakrishnan M.Tech.
CEO & Director
Mr. Kunnath Radhakrishnan
Chief Executive Officer, Executive Director
Mr. Shailesh Haribhakti
Non-Executive Independent Director
Mr. Subramaniam Devarajan B.E., M.B.A, P.G.D.B.A.
Senior Vice President of Production Engineering

Related

Peers, sector trends, screeners and strategy playbooks contextual to this stock.

§ ∞ · Plainly Answered

Questions investors ask about TVS Motor Company Limited (TVSMOTOR).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of TVS Motor Company Limited (TVSMOTOR)?

The current share price of TVS Motor Company Limited (TVSMOTOR) is ₹3,612.3. Today, the stock has gained by ₹3.90 (0.11%), trading in a range of ₹3,582.5 to ₹3,650.9. The stock opened at ₹3,607.7 with a trading volume of 7,09,493 shares.

02Is TVS Motor Company Limited stock a good investment for long-term?

TVS Motor Company Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,72,067.05 crores, P/E ratio of 57.01, ROE of 31.62%, and ROCE of 17.40%. The dividend yield stands at 0.33%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of TVS Motor Company Limited stock?

The 52-week high price of TVS Motor Company Limited (TVSMOTOR) is ₹3,970, while the 52-week low is ₹2,728.7. Currently trading at ₹3,612.3, the stock is 71.2% away from its 52-week low and 9.0% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy TVS Motor Company Limited stock at the current price?

Whether to buy TVS Motor Company Limited stock at ₹3,612.3 depends on multiple factors. The stock is currently trading with a P/E ratio of 57.01 and P/B ratio of 17.99. Today's performance shows a gain of 0.11%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of TVS Motor Company Limited and when is the next dividend?

TVS Motor Company Limited offers a dividend yield of 0.33%, which means for every ₹100 invested at the current price of ₹3,612.3, you can expect to receive approximately ₹0.33 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of TVS Motor Company Limited?

TVS Motor Company Limited's key financial metrics include: P/E Ratio: 57.01, P/B Ratio: 17.99, ROE: 31.62%, ROCE: 17.40%, Dividend Yield: 0.33%, EPS: ₹63.69, Book Value: ₹70.31, and Debt-to-Equity: 3.06. The company's market cap stands at ₹1,72,067.05 crores. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is TVS Motor Company Limited stock performing today in the market?

TVS Motor Company Limited stock opened at ₹3,607.7 and is currently trading at ₹3,612.3, showing a gain of ₹3.90 (0.11%). The intraday high is ₹3,650.9 and low is ₹3,582.5. The trading volume stands at 7,09,493 shares, indicating moderate market participation today.

08What is the P/E ratio of TVS Motor Company Limited and what does it indicate?

TVS Motor Company Limited has a Price-to-Earnings (P/E) ratio of 57.01, which means investors are willing to pay ₹57.01 for every ₹1 of earnings. With an EPS of ₹63.69, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about TVS Motor Company Limited (TVSMOTOR) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.