Why is JM Financial stock falling?
JM Financial shares have fallen more than 17% in the past one week after sanctions from the Reserve Bank of India (RBI) on one of its group entities and now the latest Sebi order. Sebi found some serious lapses while JM Financial acted as a lead manager for a particular public issue.
Earlier, the Reserve Bank of India (RBI) stopped JM Financial Products from giving loans against shares and debentures. This included sanction and disbursal of loans against initial public offering of shares with immediate effect, the central bank said.
Fund Performance: The JM Large Cap Fund has given 21.71% annualized returns in the past three years and 17.6% in the last 5 years. The JM Large Cap Fund comes under the Equity category of JM Financial Mutual Funds.
The Reserve Bank of India had barred JM Financial Products from doing any form of financing against shares and debentures after it found 'serious deficiencies' that are detrimental to the interest of the customers, during a review of its books.
JM Financial Limited was incorporated as a Private Limited Company under the name of 'J.M. Share and Stock Brokers Private Limited' on January 30 1986 under the Companies Act 1956.
Jm Financial Services Ltd. is not a trusted broker because it is not regulated by a financial authority with strict standards. We recommend you open an account only with brokers that are overseen by a top-tier and stringent regulator. All the 100+ brokers reviewed on the BrokerChooser website meet this criteria.
JM Financial Reviews FAQs
Is JM Financial a good company to work for? JM Financial has an overall rating of 3.7 out of 5, based on over 239 reviews left anonymously by employees. 75% of employees would recommend working at JM Financial to a friend and 76% have a positive outlook for the business.
Nimesh Kampani (born 30 September 1946) is an Indian investment banker. He is the chairman of the JM Financial group of companies.
| Name | Equities | Valuation |
|---|---|---|
| Kampani Family 24.16 % | 230,859,100 | 206 M ₹ |
| Nimesh Nagindas Kampani 13.03 % | 124,500,000 | 111 M ₹ |
| JM Financial Asset Management Ltd. 11.19 % | 106,892,908 | 96 M ₹ |
| Aruna Nimesh Kampani 3.302 % | 31,551,250 | 28 M ₹ |
What is the main business of JM Financial?
The Group is known for its diverse businesses, it's primary businesses include (i) Investment Bank (IB) shall cater to Institutional, Corporate, Government and Ultra High Networth clients and includes investment banking, institutional equities and research, private equity funds, fixed income, syndication and finance; ( ...
As per corporate shareholdings filed forMarch 31, 2024, J M Financial publicly holds 19 stocks with a net worth of over Rs 19,926.9 Cr.
Since inception, we have pioneered several innovations in the Indian capital markets in the areas of capital structuring, financial instruments and marketing strategies which has made us one of the top investment banks.
Anuj Kapoor joined JM Financial as Managing Director and Chief Executive Officer, Private Wealth and Alternatives Asset Management. He brings with him over 26 years of experience in financial services.
Amitabh Mohanty - MD & CEO - JM Financial Asset Management Limited | LinkedIn.
JM Financial Ltd. The Company was incorporated as a private limited company on 30th January 1986 in the name of J M Share & Stock Brokers Pvt. Ltd.
Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.
Just like MMAs at traditional banks and credit unions, online money market accounts are safe as long as the institution issuing the account is federally insured.
- Vanguard.
- Charles Schwab.
- Fidelity Investments.
- Facet.
- J.P. Morgan Private Client Advisor.
- Edward Jones.
- Alternative option: Robo-advisors.
- Financial advisor FAQs.
| Broker | Best for | Assets under management |
|---|---|---|
| Facet | Flat fees | $1 billion |
| Vanguard | Low fees | $7.6 trillion |
| Edward Jones | Choosing your own advisor | $1.6 trillion |
| Charles Schwab | Customizable services | $500,000 |
Who are the competitors of JM Financial?
- Bajaj Holdings & Investments Ltd Headquarters. India. $59.1M.
- Tata Investment Corp Ltd Headquarters. India.
- Max India Ltd Headquarters. India. $25.6M.
- VLS Finance Ltd Headquarters. India.
Market regulator Securities and Exchange Board of India (Sebi) Thursday barred JM Financial, a registered merchant banker, from acting as a lead manager for any new public issue of debt securities.
Sonia Dasgupta Chief Executive Officer Investment Banking, JM Financial, said, “I am excited to take on the new role and responsibilities.
What Are High-Net-Worth Individuals? An HNWI is a person who owns liquid assets valued at $1 million or more.
References
- https://in.linkedin.com/company/jm-financial-ltd
- https://m.economictimes.com/industry/banking/finance/banking/jm-financial-issues-clarification-after-rbi-action-says-no-material-deficiencies-in-productss-loan-sanctioning-process/articleshow/108252812.cms
- https://money.usnews.com/financial-advisors/articles/how-financial-advisors-work-with-billionaires
- https://www.finra.org/investors/protect-your-money/ask-and-check
- https://jmfl.com/who-we-are/management/detail?id=180
- https://fifsg.com/Corporate/AboutUs
- https://groww.in/mutual-funds/jm-midcap-fund-direct-growth
- https://in.marketscreener.com/quote/stock/JM-FINANCIAL-LIMITED-9059567/company/
- https://en.wikipedia.org/wiki/List_of_largest_financial_services_companies_by_revenue
- https://smartasset.com/financial-advisor/is-it-worth-paying-a-financial-advisor
- https://www.livemint.com/market/jm-financial-share-price-plunges-over-9-after-sebi-bars-company-from-managing-new-debt-public-issues-11710129308401.html
- https://www.bankbazaar.com/home-loan/jm-financial-home-loan.html
- https://www.cbinsights.com/company/wealth/alternatives-competitors
- https://firsthand.co/best-companies-to-work-for/banking/most-prestigious-banking-companies
- https://www.forbes.com/advisor/banking/money-market-account/are-money-market-accounts-safe/
- https://www.jmfl.com/what-we-do/investment-bank/investment-banking
- https://www.bankrate.com/investing/financial-advisors/best-financial-advisors/
- https://www.jmfl.com/media-center/press-release-detail-home?id=64
- https://www.investopedia.com/ask/answers/091815/when-are-mutual-funds-considered-bad-investment.asp
- https://finance.yahoo.com/screener/predefined/sec-ind_sec-largest-equities_financial-services/
- https://www.stellantis.com/en/news/press-releases/2021/november/stellantis-closes-previously-announce-acquisition-of-first-investors-financial-services-group
- https://www.investopedia.com/articles/mutualfund/05/mfhistory.asp
- https://jmfl.com/who-we-are/group-companies
- https://www.businesstoday.in/stocks/jm-financial-ltd-jmfinancil-share-price-362636
- https://www.glassdoor.co.in/Reviews/JM-Financial-Reviews-E417686.htm
- https://trendlyne.com/portfolio/superstar-shareholders/custom/?query=J%20M%20Financial
- https://www.joinleland.com/library/a/top-ten-investment-banks
- https://cleartax.in/glossary/merchant-banking
- https://slashdot.org/software/p/Flow-Traders/alternatives
- https://www.moneycontrol.com/financials/jmfinancial/results/quarterly-results/JMF
- https://in.linkedin.com/in/dipak-sinha-9bb705165
- https://www.bajajfinserv.in/investments/jm-finance-mutual-funds
- https://www.moneycontrol.com/company-facts/jmfinancial/history/JMF
- https://time.com/personal-finance/article/best-financial-advisors/
- https://craft.co/jm-family-enterprises/competitors
- https://jmfl.com/who-we-are/management/detail?id=52
- https://www.hindustantimes.com/business/jm-financial-share-price-falls-8-after-sebis-decision-on-new-debt-issues-details-101710131524891.html
- https://groww.in/stocks/jm-financial-ltd
- https://www.business-standard.com/markets/jm-financial-ltd-share-price-2113.html
- https://groww.in/mutual-funds/top/best-jm-financial-equity-mutual-funds
- https://groww.in/mutual-funds/amc/jm-financial-mutual-funds
- https://www.nerdwallet.com/article/investing/best-performing-mutual-funds
- https://www.northwesternmutual.com/life-and-money/what-can-millionaires-teach-us-about-financial-planning/
- https://www.detroitnews.com/story/business/autos/chrysler/2021/11/01/stellantis-completes-acquisition-first-investors-financial-services/6242044001/
- https://www.linkedin.com/company/first-american-equipment-finance
- https://jmfl.com/who-we-are/management
- https://www.investopedia.com/articles/professionals/080615/5-biggest-financial-advisory-firms-us.asp
- https://www.jmfl.com/media-center/press-release-detail-home?id=3588
- https://en.wikipedia.org/wiki/Nimesh_Kampani
- https://www.zacks.com/stock/research/JNJ/stock-style-scores
- https://www.forbes.com/advisor/investing/financial-advisor/high-net-worth-individual-hnwi/
- https://thecollegeinvestor.com/41659/top-10-investment-companies-by-assets/
- https://www.investmentexecutive.com/news/products/new-name-for-investors-group/
- https://en.wikipedia.org/wiki/Joseph_Safra
- https://www.morningstar.com/stocks/best-financial-services-companies-own
- https://www.investopedia.com/world-s-11-greatest-investors-4773356
- https://en.wikipedia.org/wiki/JM_Financial
- https://www.jmfl.com/media-center/press-release-detail-home?id=73
- https://www.globaldata.com/company-profile/jm-financial-ltd/competitors/
- https://indianexpress.com/article/business/sebi-bans-jm-financial-lead-manager-public-issue-debt-securities-9201425/
- https://www.comparably.com/companies/343098/competitors
- https://jmfl.com/who-we-are/management/detail?id=843
- https://finance.yahoo.com/news/3-safest-mutual-funds-buy-000959829.html
- https://brokerchooser.com/safety/jm-financial-services-ltd-broker-safe-or-scam
- https://www.tn.gov/attorneygeneral/working-for-tennessee/consumer/resources/materials/investment-scams.html
- https://jmfinancialproducts.com/Home/AboutUs
- https://in.linkedin.com/in/amitabh-mohanty-45443512
