Demonetization, digital India gave a positive push to financial services sector and will continue to aid the sector, said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.
Watch the interview of Anand Shah, Deputy CEO & Head of Investments, BNP Paribas MF with Prashant Nair and Sonia Shenoy of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Looking at the average credit rating exposure of the industry, we observe that the exposure to ‘A and below’ rated securities saw a steady increase up till the end of 2015, when the Amtek Auto incident occurred.
The bank has tied up with 11 mutual funds for selling schemes
Earlier, the scheme levied an exit load of 1 percent was applicable on redemption or switch-out of units above 10 percent of investments
The scheme will invest in stocks comprising the S&P BSE Quality Index
Chawla will be managing the equity portion of the close-ended equity schemes
Unitholders will be allowed to select any date for their instalments under the monthly systematic investment plan
Young investors have an advantage since the longer you stay in the market, your investments become less risk-prone
After the rollover, the maturity date of the scheme was changed to May 31, 2018, from Nov 23
ICICI Prudential is cautioning investors as the market is expensive. “We ask people to be careful because it is not 2013 market. It is slightly expensive market so people need to be conscious,” Nimesh Shah, MD and CEO of ICICI Prudential said.
HDFC Mutual Fund has come out with HDFC Housing Opportunities Fund that focuses on the housing theme and the multiple opportunities it offers in various sectors including paints, cement, electrical and so on.
The close-ended equity fund will invest at least 65 percent of corpus in equity and equity-related instruments
Under the close-ended equity scheme series, the lock-in period will be of three years
The scheme has a target corpus of Rs 750 crore, with an additional green shoe option of Rs 250 crore
Goal based evaluation helps in getting the client to focus on the critical items and avoid mistakes of herding
Investor behavior suggests that people are more likely to redeem/churn their investment during times of volatility
In such an environment, experts such as S Krishna Kumar, CIO-Equity, Sundaram Mutual Fund look to rejig portfolios toward s better opportunities.
Such bets help investors because when the industry comes back they are with the best company, Andrade says.
We expect that trend to strengthen going forward, Rana Gupta, Managing Director, Indian Equities of Manulife Asset Management said.
The fund was wound up as the scheme was not able to meet the asset under management criteria
Rating upgrade will help bring some benefits on cost of funds for overseas borrowers, encourage foreign capital inflows, boost overall sentiments
With the latest inflow, total infusion in MF schemes reached to over Rs 2.5 lakh crore in the first seven months (April—October) of the current fiscal, Association of Mutual Funds in India (Amfi) noted.
Watch the interview of Rakshit Ranjan, Coffee Can Portfolio Manager of Ambit Asset Management with Ekta Batra and Prashant Nair of CNBC-TV18, where he shared what the Coffee Can Portfolio is all about.
The scheme was wound up it was not able to maintain minimum asset criteria