Tatas might control Jamshedpur again

22 Dec, 20235 mins read
Tatas might control Jamshedpur again

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🏭 Tatas may get admin control of Jamshedpur again

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The big story: Tatas might control Jamshedpur again

The Tata Group is set to regain administrative control of Jamshedpur, India's first planned city, established by the group's founder Jamsetji Tata. This development comes as the Jharkhand government recently approved the transformation of Jamshedpur into an industrial township under special provisions of the Indian Constitution. The decision clears a decades-old legal ambiguity surrounding the governance of the city, where India's first steel mill stands.

Tatas might control Jamshedpur again

The Tata Group is in advanced talks with the central government for the final approval of this change. A crucial public interest litigation (PIL) in the Supreme Court, which has been a hurdle until now, is expected to be resolved by January. The proposal involves nominating a municipal council comprising representatives from Tata Steel, government nominees, and local people.

This move, however, has met with mixed reactions. While the Tata Group has been providing local civic amenities for over a century, some local residents prefer an elected body, such as a municipal corporation, to oversee local governance. They express concerns about uneven access to areas not governed by Tata Steel and the lack of electoral control over the municipal body.

At present, Tata Steel offers civic amenities to Jamshedpur through its subsidiary, Tata Steel Utilities and Infrastructure Services Ltd. The approval from the Jharkhand government marks a significant step in addressing the longstanding legal and administrative issues related to the governance of Jamshedpur.

Table Of Content

  • Our Investment Strategy for Shariah Compliant Mutual Funds
  • What do you invest in with Shariah Compliant Mutual Funds?
  • Shariah Compliant Mutual Funds: Pros and Cons
  • High Principles: Annualised past returns
  • Who should invest in High Principles?

Quick Summary

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The "High Principles" portfolio by Stack Wealth allows you to gain exposure to businesses that are a play on India’s secular growth story while strictly abiding by the rules laid down by the Shariah law.

Our Investment Strategy for Shariah Compliant Mutual Funds

This mutual fund portfolio primarily makes investments in businesses that adhere to the stringent Shariah Law regulations.

  • Investors seeking a diversified stock portfolio without exposure to industries like banking and finance, alcohol, tobacco, etc. can choose this product.
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What do you invest in with Shariah Compliant Mutual Funds?

  • Invest in a mutual fund portfolio of businesses that adhere to several crucial Shariah Law regulations.
  • Mutual Funds that won't make investments in businesses whose interest income makes up more than 3% of overall revenue.
  • Mutual Funds that won't put money into businesses whose total debt is more than one-fourth of their total assets.
  • Mutual Funds that refrain from making investments in companies engaged in activities related to alcohol, tobacco, gambling, financial services (including banks and NBFCs), pork, gambling, nightclubs, or pornography.

Shariah Compliant Mutual Funds: Pros and Cons


  • Adequate diversification benefits
  • Potential to generate attractive returns over the long term.
  • Higher risk than usual.


  • There can be periods of underperformance.
  • Higher risk than usual.
  • Expense Ratio is higher than the category average.

High Principles: Annualised past returns 

  • The majority of infrastructure-focused funds have beaten benchmark indices over the last 1, 3, and 5 years. The Sensex and Nifty 50, which measure the performance of the 30 and 50 largest firms listed on the BSE and NSE, respectively, serve as the fund's benchmarks.
  • This mutual fund portfolio has a very high-risk rating. 

Want to know more?
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Who should invest in High Principles?

Shariah-compliant funds may be of interest to investors with a lengthy investment horizon and a willingness to assume moderate to high risk. Generally speaking, investors who want to make long-term investments—at least five years—are best suited for these products. Investors should be prepared to assume extra risk in order to potentially earn higher returns because Shariah Compliant funds are more volatile than the average for their category.

Invest Ethically in Shariah-Compliant Mutual Funds
  • This is ideal for the age group of 18 years up to 50 years
  • This is for investors who delve into aggressive risk investing 
  • Investment horizon of 5+ years
  • You can expect long-term capital appreciation
  • This is ideal for investors with the financial goals of saving in a Shariah-compliant manner.


1. What are Shariah-compliant mutual funds?

Shariah-compliant mutual funds are investment options designed to align with Islamic principles. They avoid investments in activities considered "haram" (forbidden) like alcohol, gambling, and pork production. They also adhere to regulations on interest (riba) and debt. These funds cater to Muslim investors seeking ethical and religiously compliant investment avenues.

2. Who can invest in Shariah mutual funds in India?

While primarily aimed at Muslim investors, anyone can invest in Shariah-compliant mutual funds in India. They offer ethical investment options based on strong underlying assets, attracting investors seeking halal investments or socially responsible portfolios.

3. What are the benefits of investing in Shariah mutual funds?

Ethical investing: Align your investments with Islamic values and principles.
Diversification: Access a diverse portfolio of Shariah-approved companies across sectors.
Potential for competitive returns: Invest in well-managed funds with the potential for good returns.
Peace of mind: Invest knowing your money is not involved in prohibited activities.

4. How can I find and choose a Shariah mutual fund in India?

To start investing in a Shariah compliant mutual funds in India follow these steps:
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3. Explore our "Opportunities" offering and start an SIP or make a one time investment in the "High Principles" portfolio. "High Principles" is an expert-curated mutual fund portfolio that invests in Shariah compliant mutual funds delivering the best risk-adjusted returns.

disclaimer: the information provided in this blog is for general informational purposes only. it should not be considered as personalised investment advice. each investor should do their due diligence before making any decision that may impact their financial situation and should have an investment strategy that reflects their risk profile and goals. the examples provided are for illustrative purposes. past performance does not guarantee future results. data shared from third parties is obtained from what are considered reliable sources; however, it cannot be guaranteed. any articles, daily news, analysis, and/or other information contained in the blog should not be relied upon for investment purposes. the content provided is neither an offer to sell nor purchase any security. opinions, news, research, analysis, prices, or other information contained on our blog services, or emailed to you, are provided as general market commentary. stack does not warrant that the information is accurate, reliable or complete. any third-party information provided does not reflect the views of stack. stack shall not be liable for any losses arising directly or indirectly from misuse of information. each decision as to whether a self-directed investment is appropriate or proper is an independent decision by the reader. all investing is subject to risk, including the possible loss of the money invested.

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