Attack on Sebi’s integrity, bid to malign me: Buch junks charge
Tribune News Service New Delhi, August 11 Dismissing allegations made by US-based short-seller Hindenburg Research, Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (Sebi), on Sunday denied any wrongdoing. Hindenburg had, in a report released on... Key Points
The TribuneETMarkets fund Manager Talk: This Rs 8600 crore manager sees opportunities in 3 sectors to bet on domestic
V Srivatsa of UTI Asset Management discusses investment opportunities in domestic themes like private sector banking, auto sector, and healthcare. He emphasizes intact growth and reasonable valuations, especially in the current market scenario. He says: The large and midcap fund has given 45% return on one-year and 22.5% return on 3-year basis. It has underperformed the benchmark by 17 bps on a one-year basis, but outperformed the benchmark by 37 bps on a 3-year basis. Key Points
Economic TimesHow to differentiate a flexicap from a multicap fund? Tarun Birani explains
Flexicap funds offer flexibility across large, mid, and smallcaps, with fund managers strategically balancing stability and risk-reward. Investor suitability is key in selecting funds aligned with largecap bias for a balanced portfolio. While keeping 50% or more in largecaps, 20-25% of the portfolio can be kept aside where the investor is okay with building up risk . Key Points
Economic Times6 Daniel Kahneman principles to follow to avoid losing money
Daniel Kahneman, who passed away on 27 March at the age of 90, told us that our ability to make good decisions is not as easy as it appears. We rely too much on intuition for decisions that need deep and analytical thinking. Here are the six mistakes Kahneman points out that can help investors avoid big money losses. Key Points
Economic TimesETMarkets fund Manager Talk: Reduced exposure in most equity schemes since December as valuations stretche
Samco MF has reduced equity exposure since December but CEO Viraj Gandhi remains positive on India's prospects and optimistic on earnings growth in FY25 . Green energy, select PSUs, pharma, autos, private banks are seen as future opportunities. Gandhi says, India's macro factors and interest rate outlook are favorable for investors. Key Points
Economic Times
These 43 equity mutual fund schemes deliver up to 70% in FY24
We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, ELSS, multi cap, flexi cap, focused fund, value, and contra fund categories for the analysis. We considered regular and growth option. We calculated returns from April 1, 2023 to March 26, 2024. Key Points
Economic TimesTax-saving ELSS fund gave 17.6% returns in three years; should you invest?
SUNDARAM ELSS TAX SAVER FUND: It takes a large-cap tilt like many of its peers in the tax-saving fund category. It has a preference for growth-oriented businesses with large opportunity size, superior capital efficiency and earnings growth. The portfolio is heavily diversified, running bigger positions in its frontline bets. Key Points
Economic TimesNew stars will emerge in rail & defence sectors: Harshad Patil, Tata AIA
Harshad Patil of Tata AIA foresees sustained government momentum in infrastructure amidst the 2024 election year. Anticipates emergence of new stars in investment landscape, focusing on roads, railways, and defense sectors for value creation opportunities. Patil also says would identify companies in bank and IT sectors with stronger growth potential and favourable risk rewards. Key Points
Economic Times3 equity mutual fund categories gave double-digit returns in 2024 so far
We considered all equity categories such as largecap, midcap, smallcap, large and mid cap, ELSS, multicap, flexicap, focused fund, value, contra, and sectoral/thematic fund categories. We also considered regular and growth options. Key Points
Economic TimesInternational Women’s Day: Women fund manager count same as last year, only 13% assets handled by them, says Morningstar
The latest Morningstar report findings reveal that out of 473 fund managers, 42 are women, showing no increase compared to the previous year. However, there has been a steady rise in the overall number of fund managers from 428 last year. Key Points
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ETMarkets AIF Talk: This fund manager with Rs 350 cr in AUM almost doubles wealth in 1 year; picks stocks
“On a post-tax basis, investors would be sitting on close to 75-80% returns since inception. We also have the lowest redemption rate in the entire fund management industry,” says Siddharth Oberoi. Key Points
Economic TimesTop 5 ELSS funds rally up to 60% in a year. Do you own any?
Tax-saving mutual funds, or ELSS, provide investors with tax benefits under Section 80C of the Income Tax Act, of 1961. The lock-in period inculcates a good habit among investors to thrive for long-term investing while putting their money in an equity-related instrument. Key Points
Economic TimesCrorepati dream: 12 mutual funds deliver over 100x returns in 2-3 decades
We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, multi cap, ELSS, flexi cap, focused fund, value fund,and contra fund for analysis. The CAGR returns were calculated since the inception of the scheme. Key Points
Economic TimesHow mutual funds are tapping into the bull market
The promise of a theme to continue delivering stupendous returns is just too great to be diluted by historical facts. To an investor, it’s always different this time around. Unfortunately, the results are often the same i.e., underperformance. Key Points
mintAxis PE's 1st fund exits all plays, repays investors
It has fully deployed the second fund in companies such as Lenskart, Gopal Snacks and SK Finance. It could launch its next fund in six months, with a targeted corpus of ₹1,000 crore - bigger than the earlier purses. Key Points
Economic Times
4 best energy sector mutual funds to invest in 2024
The energy sector holds promising prospects for long-term growth, particularly with the government’s increased focus. Investing in energy-focused mutual funds seems reasonable, but caution is advised, given that these funds are thematic and reliant on the cyclical movements within the sector. Key Points
mintEPFO likely to credit 8% in poll year
The retirement fund body is also likely to seek the board's nod to substantially increase its investment in stocks to 15% from around 10% now to enhance the return on investments. This being an election year, the government will ensure a sustainable rate of return on provident fund (PF) deposits which is also at par with the existing rates to avoid any backlash, said an EPFO board member. Key Points
Economic TimesDid your mutual funds invest in Paytm shares? Here is the list
Around six mutual fund schemes had over Rs 100 crore exposure in One97 Communications. Around 40 mutual fund schemes had less than Rs 10 crore exposure. Key Points
Economic TimesWhich sectoral funds should you pursue post Budget? Feroze Azeez answers
Feroze Azeez, Deputy CEO of Anand Rathi Wealth, believes that the upcoming budget will focus on Pragati (progress) and will allocate significant funds to home affairs, rural development, agriculture, and defense exports. He suggests investing in an SBI infrastructure fund for those interested in the infrastructure sector. Azeez praises the simplicity and under-commitment of the interim budget, which includes tax simplification and capital gain simplification. Key Points
Economic TimesCrorepati Dream! Rs 10,000 monthly SIP in this mutual fund grows to Rs 16.5 crore in 29 years
HDFC Flexi Cap fund is an open-ended dynamic equity scheme investing across largecap, midcap and smallcap stocks. The funds investment strategy revolves around a bottom-up approach to stock selection with focus on quality companies at reasonable valuations. Key Points
Economic Times
Mutual funds: Tata Digital India fund delivered a whopping 32% return in last one year; check scheme details here
Tata Digital India fund was launched on December 28, 2015. The size of the fund is ₹9,272 crore. In the past one year, the fund has delivered a return of 31.90 percent while the three-year CAGR return is 20.89 percent. Key Points
mintZerodha fund House launches India’s first Growth Liquid ETF
The Nifty 1D Rate Index has been developed to measure the returns generated by market participants lending in the overnight market. The index uses the overnight rate provided through the Tri-Party Repo Dealing System (TREPS) for the computation of index values. Key Points
Economic TimesAre debt instruments better than FDs for investment? Vijai Mantri answers
Vijai Mantri says: “People do not understand the difference between coupon rate and compound rate. So I will just take a very simple illustration. I was part of the HDFC Mutual fund team when we launched HDFC liquid fund in October 2020. In October 2000, that fund completed 23 years. In a 23-year period the fund generated 6.9% CAGR. If I convert them into simple rates of interest, it is close to 15% per annum.” Key Points
Economic TimesExpect some consolidation over the first quarter of 2024: Karthik Kumar
Karthik Kumar says: “My fund has a good mix of PSU banks, private banks, and even non-banking players as well. PSU banks have had a good rally for the year so far. So, to that extent, the valuation differential has narrowed and now it comes down to selecting stocks on a case-by-case basis rather than looking at it as a group, as a whole.” Key Points
Economic TimesIndia's mutual funds industry outpaces global peers with 19% asset growth, leaving behind US, Japan and China
The upswing in assets has been led by equity funds. While rising financial literacy and improving incomes in India were already facilitating a move away from physical assets such as real estate, gold and bank deposits. Key Points
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Aditya Agarwala on 4 top recently launched thematic NFOs one can consider
“Just a word of caution before we talk about the top sectoral or thematic funds. You should only invest in these thematic and sectoral funds if you understand the sectors and the cycle of the businesses that you are investing in because these funds take exposure in specific sectors and stocks which participate during the economic turnarounds of an upturn and a downturn.” Key Points
Economic TimesToro Investment plans GIFT City’s maiden realty fund worth Rs 1,600 crore
Toro Investment Managers aims to generate Rs 1,600 crore by launching the first-ever real estate Alternative Investment fund (AIF) within India's Gujarat International Finance Tec-City (GIFT City). This fund, a pioneer in GIFT City, exclusively targets projects within the offshore hub, focusing on commercial, residential, and social infrastructure segments. The seven-year dollar-denominated fund with two possible two-year extensions seeks investment from global sources, including institutional investors, family offices, high net worth individuals (HNIs), and non-resident Indians (NRIs). Key Points
Economic TimesNorway sovereign wealth fund to co-lead class action in SVB bankruptcy
Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). Key Points
ReutersUS to pledge $3 billion for Green Climate fund at COP28: Sources
The US is set to pledge $3 billion to the Green Climate Fund, the largest international fund for climate action in developing countries. The latest pledge, which is subject to availability of funds, is an addition to the $2 billion already delivered by the US. The fund's facilitators said the current second round of replenishments had brought in about $9.3 billion in pledges to fund projects in climate-vulnerable counties between 2024 and 2027. Key Points
Economic TimesShweta Rajani on benefits of sovereign gold bonds and how to invest in AI space
“We have seen some of these active fund managers gradually increasing their exposure to technology. And in India, most fund managers have allocations to a few of the companies that have been developing a lot of AI – Infosys, HCL Tech, Wipro. In the last two years, the allocations have gone up. There are various other sectors also which are benefiting from it.” Key Points
Economic Times
US faces criticism for 'embarrassingly' small contribution to COP28 climate fund
The COP28 climate summit fallout as the US faces scrutiny for a meager $17.5m contribution to the damage fund, compared to major donors. | World News Key Points
Hindustan TimesUS faces criticism for 'embarrassing' contribution to COP28 climate fund
COP28 President Sultan Al Jaber hails historic adoption of decision. US contribution to climate damage fund draws criticism. | World News Key Points
Hindustan TimesBig bang start: COP28 sees climate fund deal on day 1
Traditionally, at the ceremonial opening of the COP, the host country takes over the presidency, the agenda for the talks is approved, and countries and negotiating groups set out their expectations. COP28 departed from the traditional fare with a quick round of pledges for the new fund. Key Points
Economic TimesIf Diwali shopping drained your savings, it’s time to set up a festival fund
Expenses dont become a burden if they have been planned. A separate festival fund in which you put away a small amount every month will allow you to spend freely without borrowing or dipping into the savings for other critical goals. Key Points
Economic TimesHow do mutual funds invest in IPOs of new age tech companies? Nirav Karkera explains
“Mutual funds as an industry and most fund managers have been able to do a pretty good job at evaluating the strength and the value proposition that most such new age companies are offering. When the first new age company came in, we were very averse to even looking at such loss-making companies coming in but there is a reason why each of these companies have the value that they enjoy today.” Key Points
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Blackstone to close multi-strategy fund after assets drop nearly 90%
Blackstone (BX.N) plans to close a fund that exposes investors to a variety of hedge funds and trading strategies after assets fell almost 90% in four years, the company told Reuters on Tuesday. Key Points
ReutersRadiance mandates Rothschild to sell platform
Radiance Renewables, backed by Eversource Capital, has hired Rothschild & Co. to sell its platform serving commercial and industrial customers in a deal valued at around $150m. The company currently has an operational portfolio of 500 MW and plans to increase capacity to 2 GW over three years. Key Points
mintSpecial funds: how Germany gets round the debt brake
Germany sees itself as the European defender of solid finances with its debt brake restricting the public deficit to 0.35% of GDP but the euro zone's largest economy relies on off-budget funds to comply with the debt ceiling for financing its fiscal needs. Key Points
ReutersNorway wealth fund CEO says it is using AI to deploy capital
Norway's $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York. Key Points
ReutersBest balanced advantage funds or dynamic asset allocation funds to invest in 2023
Mutual fund managers and advisors have been asking conservative and new equity investors to invest in balanced advantage funds to tide over the volatile phase in the market. They believe these schemes are ideal to invest in stocks without worrying too much about the market levels and valuations. Key Points
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Exclusive: Hedge fund Caxton wins on bond rout to claw back performance losses - sources
Well known hedge fund manager Andrew Law's $12.5 billion Caxton Associates has clawed back much of the losses it made earlier this year, benefiting from bets on weakness in bond markets, according to three sources with knowledge of the matter. Key Points
ReutersChina's semiconductor state fund invests $2 billion in memory chip firm
China's state-backed chip investment fund has invested 14.56 billion yuan ($1.99 billion) in a memory chip company called Changxin Xinqiao, records showed. Key Points
ReutersEra of passive investing begins, says Zerodha after launching 2 mutual fund NFOs
Meant for investors with a longer-term horizon, the Nifty LargeMidcap 250 Index combines 100 Largecaps (represented by the Nifty 100 Index) and 150 Midcaps (represented by the Nifty Midcap 150 Index) in equal proportion. It covers 250 stocks, diversified across 20 sectors, and aligns well with the Indian economy. Key Points
Economic TimesKeep looking at opportunities and valuations around them: Harsha Upadhyaya, Kotak AMC
“Assuming that you are a medium to long-term investor, you enter in a disciplined manner on a staggered basis, a larger midcap fund is a good allocation that you can make in your portfolio. And it should give you stability of largecaps and also potential kick-up from midcaps with a reasonable control on the volatility overall.” Key Points
Economic TimesShweta Jain explains what is STP, the best timeframe & tax requirements
Shweta Jain, Founder of Investography, explains that systematic transfer plans (STPs) are like SIPs for individuals who do not have a regular monthly income. STPs allow investors to stagger their investments over a period of time, typically 3 to 12 months, in order to take advantage of rupee cost averaging. To implement an STP, investors first choose an equity scheme and then invest their lump-sum amount in a liquid fund. The money is then systematically transferred from the liquid fund to the equity fund. Key Points
Economic Times
How to get all your mutual fund investments in a single folio
A mutual fund folio consolidation form needs to be obtained from the fund house. The form can also be downloaded from the mutual fund website. The form needs to be signed by all unit holders and submitted to the fund house. Key Points
Economic TimesCorrection is not a worry, but a bubble in small caps could be: Rahul Singh, Tata Asset Management
Nobody really factors it in, and when the correction finally happens, everyone asks the same questions that they should not be asking if they had invested in small caps. There are some things that are in our hands, and some that are not. Key Points
Economic TimesHow does an active fund manager formulate strategy and allocate towards sectors? Arnav Pandya explains
The benchmark is an important component when managing a portfolio as it helps fund managers determine the variation they can go for to generate higher returns. The exposure to different sectors in a fund's portfolio is often similar to the benchmark, with financial services having the highest weightage. fund managers select companies based on their investment philosophies and allocate different weights to these holdings, which influences the fund's performance. Diversification across different fund categories helps mitigate risk, and fund managers reduce risk further by not allocating too much to the top holdings. Key Points
Economic TimesNIIF looks to sell over $1 billion worth of maiden roads portfolio
The key among these are two highways in Jammu and Kashmir acquired separately by the fund in 2022. The 16.3-kilometre Qazigund Banihal Expressway was acquired from Navayuga Engineering in July 2022 for $380 million (Rs 3,163 crore). Meanwhile, the 64.5-kilometre Jammu Udhampur Highway was acquired by Athaang in August 2022 from Shapoorji Pallonji Group for $290 million (Rs 2,414 crore). Key Points
Economic TimesWhen is the right time to exit a mutual fund & what are the tax implications? Shilpa Bhaskar Gole explains
Shilpa Bhaskar Gole discusses the reasons why people may want to exit from mutual funds. Some common reasons include reaching a long-term goal, over-diversification, and the need for emergency funds. Gole suggests that when it comes to equity funds, it is important to consider factors such as the proximity to the goal and the performance of the fund. Key Points
Economic Times
Mutual funds Vs ULIPs: What is better for investing in midcaps and smallcaps?
“If you are investing for the long term, then midcaps and smallcaps are more often than not going to give you better returns. If you are looking for a short-term horizon, then midcaps and small caps can be volatile and can be risky. Sometimes largecaps outperform midcaps and sometimes midcaps outperform smallcaps. But for the long term, the Nifty 500 benchmark can be a better choice where you have all the largecap, midcap and smallcap segments.” Key Points
Economic Times