Why the importance of a multi-asset portfolio cannot be overstated? MintGenie explains
Investing in a multi-asset portfolio in the Indian financial landscape offers diversification and resilience. Strategic allocation across equities, bonds, real estate, and alternative investments empowers investors to navigate market complexities. Key Points
mintMutual Fund Investing Guide: How to choose multi-asset funds
Multi-asset funds are actively promoted as a remedy against the hassle of predicting which Asset classes will work well, and in what combination. Yet, the multi-asset strategy is not foolproof. With widely divergent returns, investors should consider the funds performance track record before diving in. Key Points
Economic TimesAsset quality of banks improves to decadal high at end-September: RBI
New Delhi [India], December 27 (ANI): The gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023, the Reserve Bank of India said on Wednesday in a report titled ‘Report on Trend and Progress […] Key Points
ThePrintAparna Karnik of DSP MF on how multi-asset allocation helps in long-term wealth creation
“When you have all the Asset classes in the portfolio together, you can navigate these cycles much more smoothly and both the investor can have a very good experience and ultimately meet their objective of long-term wealth creation and protecting their purchasing power. So, it is a fund for all seasons so to speak.” Key Points
Economic Times2024 elections coming, have a mix of equity & debt in portfolio: A Balasubramanian
“Investing in smallcaps is not an issue, but you come with the time frame of five years. If you come to the largecaps, assuming a three-year period, then smaller midcaps have to be for a longer period. Therefore, the money that comes for a longer term, we cannot deny it.” Key Points
Economic Times
Mirae Asset looking to acquire Sharekhan to enhance presence in India: Report
The Korean Asset manager has begun due diligence on the Indian brokerage firm, the report quotes sources as saying. The select bidders are required to make final bids by October and the preferred buyer will be chosen two to three weeks later. Key Points
Economic TimesState Bank of India may have attracted top distressed Asset buyers' interest for its bad loans
Global and local distressed Asset investors are considering buying some of State Bank of India's bad loans. The bank has identified 331 non-performing assets with a total value of $11.6 billion. The move comes as Indian lenders have increased efforts to identify and sell distressed assets following transparency and efficiency reforms. SBI had put up 150 distressed assets worth $5.3 billion for sale in the previous financial year. Key Points
Economic TimesShould you invest in multi-asset mutual fund schemes or diversify on your own?
Mutual funds are offering multi-asset funds as a more tax-friendly alternative to take exposure to the same Asset classes. Lets explore what these funds have to offer and if you should buy into the new sales pitch. Key Points
Economic TimesWhat are the 3 Ts of Asset allocation & portfolio strategies to follow? Arun Kumar explains
Asset allocation is the concept of dividing investment money among different Asset classes such as equity, debt, gold, and real estate. The appropriate allocation for a client is determined by considering three Ts: time, tolerance to declines, and trade-off in long-term returns. FundsIndia typically allocates either 70% equity and 30% debt, 50% equity and 50% debt, or 30% equity and 70% debt, depending on the client's preference. Key Points
Economic TimesSwarup Mohanty on art of rebalancing a well diversified portfolio
Rebalancing an investment portfolio at specific periodic levels is more favourable than buying and holding because it offers a sustainable process that can approach the volatility and the upsides and downsides of the market unemotionally through a mathematical approach, according to Swarup Mohanty, CEO, Mirae Asset Investment Managers (India). Investors should review and rebalance their portfolios periodically, and rebalancing can help maintain the actual Asset allocation closest to their risk profile, he said. Key Points
Economic Times
Ambani’s Jio can disrupt India fund distribution, says Edelweiss' Radhika Gupta
Competition has been intensifying in the mutual fund space with the entry of new players, led by Jio Financial Services Ltd., the Reliance arm which announced a joint venture with BlackRock to set up an Indian Asset management venture. The conglomerate owned by Asias richest man, Mukesh Ambani, seeks to propel Jio Financial to become one of the biggest shadow banks in the country and disrupt the financial services space. Key Points
Economic TimesGenerali buys U.S. Asset manager Conning under deal with Cathay Life
Generali (GASI.MI) has agreed to buy Connecticut-based Asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan's Cathay Financial Holding (2882.TW), the Italian insurer said on Thursday. Key Points
ReutersSwiss firm Pando becomes 13th filer for spot bitcoin ETF
Pando Asset AG, a digital Asset management firm based in Switzerland, last week became the latest issuer to submit an application to the U.S. Securities and Exchange Commission to launch an exchange-traded fund (ETF) tied to spot bitcoin prices. Key Points
ReutersSebi nod for small, medium REITs to boost investments and liquidity
The Securities and Exchange Board of India (SEBI) decision to establish regulatory guidelines for small and medium real estate investment trusts (SM REITs) is anticipated to enhance retail and institutional investor participation, institutionalize the segment, and attract increased capital from domestic and international investors. This regulatory framework is expected to instill confidence, fostering wider acceptance of the growing Asset class and providing vital support to real estate developers seeking to monetize assets and inject liquidity into the sector. Key Points
Economic TimesSundaram Finance Q4 standalone rises 6% to ₹316 cr.
Sundaram Finance Ltd., reported standalone net profit for the fourth-quarter ended March grew 6% year-on-year to ₹316 crore on improving Asset quality and tight cost control. Key Points
The Hindu
Mukesh Ambani might need a different playbook for Jio moment in AMC business
As Ambanis Jio Financial and US-based BlackRock, the worlds largest Asset manager, team up to take on Indias Asset management industrys well-entrenched incumbents, corporate watchers are wondering whether this is the Jio Moment for the Asset management space. While the scope for Jio BlackRock is immense, it will require more than just repeating the playbook Reliance used in telecom and retail to replicate that success. Key Points
Economic TimesWhen Aladdin meets Ambani: What JV with BlackRock means for Jio Financial Services
Ambani's big weapon besides his huge cash pile is the extensive data trails that his mega retail and telecom businesses generate. According to Ambani, the aim is to lend to consumers and merchants based on proprietary data analytics, and then use it to branch out to insurance, payments, digital broking and Asset management. Key Points
Economic TimesIDBI Bank has deferred tax assets of Rs 11,520 cr, 120 properties in 7 cities
The Department of Investment and Public Asset Management (DIPAM) has informed prospective Asset valuers that IDBI Bank has deferred tax assets of Rs 11,520 crore and 120 properties in major cities. DIPAM stated that the intangible assets on the bank's balance sheet primarily consist of deferred tax assets, which can be adjusted against future tax dues. Key Points
Economic TimesThere is nothing called off season? 4 hotel stocks with upside potential up to 33%
If one goes by airline ticket prices, room rent and occupancy level of hotels it is very clear that what appeared as revenge traveling in early phases when covid get over has more to it. Both airlines and hotel prices have remained higher than normal in all seasons of the year, whether busy or off season. Going by the changed preferences and all the challenges right from tech aggregator and others, there is a good chance that large chains with Asset light model along with own Asset have high probability of doing well. Key Points
Economic Times'Pricey' vintage cars driving into investment portfolios
Times have indeed changed. In 2018, the same Ferrari model became the most expensive car ever sold when it fetched $48 million at auction. Last year, that record was flattened by a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe that raced to ₹135 million ($149 million). Key Points
Economic Times
NPS investors can now choose up to 3 pension fund managers for different Asset classes: PFRDA
The pension fund regulator has issued a circular announcing that an NPS investor can now choose different pension fund managers for different Asset classes. NPS allows an individual to invest in equities, corporate bonds, government securities and alternate Asset classes. Previously, an NPS subscriber was allowed to choose only one pension fund manager. Key Points
Economic TimesAjay Tyagi on why valuation can be the biggest trigger in market
Ajay Tyagi of UTI AMC highlights the attractiveness of undervalued assets to long-term investors. Indian investors are shifting from fixed deposits to equity due to its high performance. However, caution is advised as the market is trading at higher valuations. Private sector banks and certain consumer sectors offer potential opportunities for growth. Key Points
Economic TimesSticky SIP investments likely to drive domestic institutional flows into equities: Union AMC
As far as valuations are concerned, our Fair Value Spectrum indicates that valuation for Nifty 50 is in the “Fair” zone. Within equity, our reading of the situation is that, large caps are relatively attractive than small and midcaps. Then we must consider two aspects while discussing the topic of Asset allocation: current allocation and incremental allocation. Key Points
Economic TimesBitcoin tops $57,000 mark for first time since late 2021
The digital Asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 a.m. Tuesday in Singapore. Bitcoins price has increased 33% since the turn of the year, extending a prolonged rally that has also stoked speculative appetite for smaller tokens like Ether and BNB. Key Points
Economic TimesICC World Cup & Investing: How to handle a tricky pitch for a winning portfolio?
Leaving aside the endowment bias, we reckon that a simplistic platform like smallcase is one of the best ways to encourage the investing culture in India. You see, in todays day and age, simplicity is all one looks for given the clutter in the market. So, there is no donut that smallcase has been one of the best technological innovations in Indian markets. Key Points
Economic Times
How should your portfolio be positioned in a risk-off environment? Rahul Singh answers
Rahul Singh of Tata Mutual Fund, emphasizes the importance of Asset allocation and balanced portfolios in managing risks in the current market scenario. While global factors such as rising yields and the strengthening dollar index are impacting valuations, India's strong fundamentals and growth potential are expected to limit sharp corrections. Singh advises investors to focus on the right Asset allocation and maintain a balanced portfolio. Key Points
Economic TimesAll eyes on Jio Financial Services in the upcoming Reliance Industries Limited AGM
Reliance Industries Limited will hold its annual general meeting (AGM) on August 28, where Chairman Mukesh Ambani is expected to make key announcements regarding the company's growth and expansion plans. The focus will be on Jio Financial Services (JFS), which recently listed on the stock exchanges. Ambani is likely to share growth plans for JFS, including its entry into the B2B credit business and expansion into insurance, payments, digital broking, and Asset management. Key Points
Economic TimesBlackRock enters India through JV with Ambani’s new financial arm Jio Financial Services
The US-based investment giant is in active discussions with Jio Financial Services (JFS) to create an Asset management business, said three people aware of the matter. JFS is the recently spun-off fintech arm of Mukesh Ambanis flagship. BlackRock handles about $11 trillion or 7% of all global financial assets. Key Points
Economic TimesAUM to hit Rs 5 lakh crore in FY-23: Vivek Kumar Dewangan, REC
We are in discussion with other financial institutions because the Asset size is going to be quite large, more than Rs 30,000-40,000 crore, then we need to collaborate with other financial institutions. As you are aware that our loan book has grown in last financial year to the extent of 13%, but in the current financial year in Q1 there was growth of about 20%. Key Points
Economic TimesCapital receipts of Rs 30,000 cr in FY24 RE includes disinvestment, Asset monetisation: DIPAM Secy
The government has budgeted Rs 30,000 crore from other capital receipts in the Revised Estimates for the current fiscal. For 2024-25, the amount is budgeted at Rs 50,000 crore. DIPAM Secretary Tuhin Kanta Pandey said the Budget does not have any specific target for disinvestment for the next fiscal and the Rs 50,000 crore receipts is estimated to come from disinvestment and Asset monetisation, as well as capital receipts, which are not classified elsewhere. Key Points
Economic Times
Financial resolution for 2024? Just stay invested: Kalpen Parekh
Kalpen Parekh says: “Election is not a matter of worry. If something is a matter of worry, it is global geopolitical issues and how global flows move because we are more expensive than some of the other EMs. If flows turn, it could be a matter of worry and that can lead to intermittent volatility of 10 to 20% which happens every 18 months or two years election or no election.” Key Points
Economic TimesMirae Asset acquires Sharekhan for ₹3,000 crore
In 2016, BNP Paribas had acquired Sharekhan from a clutch of private equity firms, including Citi Venture Capital International (CVCi), Baring Asia Private Equity and Samara Capital, for ₹2,100 crore. BNP Paribas wants to focus mainly on the banking business. They had earlier exited the mutual fund and wealth management businesses also, said the second person quoted above. Key Points
Economic TimesItaly plans 21-billion euro Asset sell-off to keep debt in check
Italy aims to raise at least 1% of gross domestic product (GDP), or roughly 21 billion euros ($22.2 billion), through Asset sales between 2024 and 2026, the Treasury said in its Economic and Financial Document (DEF) published on Saturday. Key Points
ReutersReliance AGM: Jio Financial Services to enter insurance sector, announces Mukesh Ambani
Jio Financial Services will enter the insurance sector, said Mukesh Ambani at Reliance's 46th annual general meeting (AGM) on Monday. While major decisions unfolded around new many areas, Jio Financial Services was in focus as it was recently listed on the stock exchanges on August 21. Key Points
Economic TimesU.S. debt investors as climate-focused as European peers, survey finds
U.S. Asset managers factor greenhouse gas emissions and other climate risks into their debt investment decisions as much as peers in Europe, according to a survey released on Tuesday, despite the Republican campaign against climate-focused investing in the United States. Key Points
Reuters
BIRET-GIC to acquire 2 assets from Brookfield funds for $ 1.4 billion
The two assets in the financial capital and Gurugram have a built-up area of 6.5 million square feet, and are presently owned by Brookfield Asset Management's private real estate funds, BIRET said in a statement. Key Points
FinancialexpressBinance.US calls off $1.3 billion deal for Voyager's assets
Binance.US has called off its $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital, citing a "hostile and uncertain regulatory climate." Key Points
ReutersCCI approves SREI Infra Finance's acquisition by NARCL, IDRCL
The Competition Commission of India (CCI) has approved the acquisition of Srei Infrastructure Finance by National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL) under the green channel route. NARCL submitted a resolution plan to acquire the majority of the equity share capital of Srei Infrastructure Finance and its wholly-owned subsidiary, SREI Equipment Finance. Key Points
Economic TimesFor FY24, National Highway Authority eyes 1,987km monetisation
The highways body has lined up 30 National Highway sections as part of the plan, with the 124-km Trichy-Thuvarankurichi-Madurai (Tamil Nadu) section being the longest and the 4.4-km Badarpur elevated corridor in Delhi being the shortest in the list. Key Points
Economic TimesToyow: Where Passions Become Valuable Assets
Discover Toyow, a platform transforming Asset ownership! Dive into a world where you can own shares in movies, music, art, and more. Visit www.Toyow.com today! Key Points
Hindustan Times
Best to stick to companies that deliver; avoid bottom-fishing, says Apurva Sheth of SAMCO Securities
Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities, believes that geopolitical risks and rising US bond yields are major worries. In an interview with Livemint, he recommends sticking to companies that are delivering consistently rather than trying to bottom fish. Key Points
mint‘Sebi fee review to make a big dent in MFs’ profits’
The Securities and Exchange Board of India (SEBI) may negatively impact India's mutual fund sector with its proposal to review total expense ratio (TER) regulations, according to brokerage Nuvama. The sector's net profitability could fall by up to 27% from listing Asset managers' 2024-25 net operating profits due to changes potentially increasing annual fees to include items such as securities transaction tax (STT) and brokerage. Key Points
Economic TimesNPS or retirement funds? Comparison of Asset allocation, taxation, cost and liquidity
The NPS follows an Asset allocation-based approach. It offers subscribers the choice of two investing modes—active and auto. With retirement funds, investors are stuck with the same fund manager even though, theoretically, they can opt for multiple retirement funds. Key Points
Economic TimesFocus on value creation in CPSEs, not to push disinvestment just to meet targets: DIPAM Secretary
Pandey said there has been an improvement in the performance of public sector entities and markets have started valuing these entities in a much better manner. Also, LIC has contributed significantly to the total market capitalisation of CPSEs. According to the latest BSE data, LIC's market capitalisation stands at Rs 7.2 lakh crore. Key Points
Economic TimesTatas evaluate bid for UTI AMC as Reliance enters the MF space
The Tata Group is reportedly considering whether to bid for UTI Asset Management Company, following the entry of Jio Financial Services into the market. The salt-to-software conglomerate is closely monitoring Jio's future plans and their impact on the industry. Four state-owned entities collectively own just over 45% stake in UTI AMC and are exploring options to sell their stake. Earlier talks between the Tata Group and the public sector entities fell through due to a disagreement regarding the selling process. Jio Financial Services has attracted attention due to its appointment of KV Kamath to head its financial services business. Key Points
Economic Times
Contra View: What may go wrong for equity investors banking on financial stocks?
Banking and financial stocks are not expected to have a smooth ride as market experts hold contrarian views on the ability of the sector to sustain growth, despite Jefferies' Global Head of Equities Christopher Wood adding Axis Bank to his India Long-only portfolio in May. Small case managers and investors suggest Asset quality and margin issues for some banks while FidelFolio Investments' Founder Kislay Upadhyay predicted a high interest rate scenario would impact access to capital, curb the ability to grow and maintain capital efficiency. Meanwhile, Devendra Phadk at Purnartha Investment Advisers said credit penetration at society's lowest strata has increased considerably over the last decade, which could cause credit issues both at the retail and enterprise levels. Key Points
Economic TimesMahindra Finance on track to double book by the end of FY25 but we are not in a hurry: Vivek Karve
“While FMCG companies have been experiencing a subdued demand environment, NBFCs have been growing quite consistently and MMFSL is not an exception. All NBFCs have reported very robust disbursement growth and therefore, the AUM growth as well. If the tide is turning and the rural incomes are showing a definite upturn, it continues to augur well for even the NBFC sector.” Key Points
Economic TimesMarch 31 is near; here’s all you want to know about NPS and tax saving
The flexibility helps you tailor your NPS investments in line with your primary Asset allocation or allocation strategy at a higher level . Most other products are either skewed towards equity in entirety or a fixed income sort of a construct in entirety, but the beauty about NPS is there is a lot of fungibility in choosing the Asset allocation. Key Points
Economic TimesEquity, debt, gold, or real estate – which one to bet for in 2024? Keep this in mind while tweaking your a
Right investment needs carefully crafted Asset mix of various investment assets including equity, debt, gold and real estate, so that it not only delivers superior returns but also does it in the least risky way. Coming out of global turmoil during last 3 years, investors would be hoping for a better year. We tell you how the year 2024 will be for different Asset classes and how can you make it work for you. Key Points
Economic Times