BUSINESS
EVs, semiconductors, and electronics to drive emerging sector capex in India: ASK Report
The report estimates that from FY2024-2028, "emerging sectors are projected to account for around 27 percent of capex". This shift will be driven by focus on green transition, supply chain re-alignment and focus on emerging sector and benefits under PLI scheme.
BUSINESS
MFs continue to remain positive on real estate stocks even as govt axes indexation benefit
In the Union Budget 2024, the government reduced the long term capital gains tax on real estate transactions from 20 percent to 12.5 percent while doing away with indexation benefits.
BUSINESS
Mutual funds get active with passive scheme NFO launches
Data from Ace Equity MF shows that as many as 63 passive scheme NFOs have been launched in 2024 till date -- higher than the 51 schemes launched in the whole of 2023.
BUSINESS
Size does matter: Large fund houses lead the way in NFO launches
In the current calendar year, fund houses like Tata Mutual Fund, Kotak Mutual Fund, Mirae Asset Management, SBI MF and HDFC MF feature among the top of the table in terms of the number of NFOs launched.
BUSINESS
Why SBI MF believes this is the right time to invest in innovation
The fund will focus on innovation across sectors like adtech, fintech, e-commerce, cloud computing, EVs, and clean energy.
BUSINESS
NTPC Q1 Preview: Revenue to grow on increase in power demand, sales
The most optimistic estimate sees NTPC’s net profit jumping 9 percent year-on-year, but the most pessimistic projection suggests that net profit will fall around 1.5 percent.
BUSINESS
MFs see silver lining in tax hike: Higher tax could lead to longer holding periods for investors
Tax is just one of many factors for investing in mutual funds, so the tax hike isn’t a game-changer for equities, say mutual fund industry experts
BUSINESS
Are water stocks set to make the next big splash?
While presenting the budget on Tuesday, Finance Minister Nirmala Sitharaman said that the Centre will be working in partnership with the state governments and Multilateral Development Banks to promote water supply, sewage treatment and solid waste management projects and services for 100 large cities through bankable projects
BUSINESS
Power Grid Q1 preview: Strong growth likely on the back of telecom, consultancy biz, capex
Net profit is also expected to grow to Rs 4,028.2 crore in the quarter ending June 2024 from Rs 3,382.8 crore in the quarter ending June 2023.
BUSINESS
Hike in capital gains tax only a temporary concern, say MF players
While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman proposed increasing the tax on LTCG from 10 percent to 12.5 percent while increasing the STCG from 15 percent to 20 percent.
BUSINESS
Here are the key themes likely to be in focus post Budget
Sitharaman presented a budget with a mixed bag of announcements that many view as a balancing act between pleasant surprises and mild shocks.
BUSINESS
Government push for self-sufficiency and rising demand keeps market upbeat on Semiconductors
In December 2021, the government launched the India Semiconductor Mission, announcing an Rs 76,000-crore chip incentive scheme, offering a 50 percent subsidy on capital expenditure for plant setup.
BUSINESS
Capital goods sector optimistic on increase in infrastructure spends, continued capex
Market participants also expect the budget to indirectly benefit various sub-segments within the capital goods universe through allocations to infrastructure areas such as roads, railways, and defence.
BUSINESS
Street eyes higher allocation for renewables, incentives as power demand rise
They also expect the Finance Ministry to extend the eligibility for the ISTS waiver for renewable projects beyond June 2025.
BUSINESS
Street remain optimistic on increase in defence capex spend
India is the fourth largest military spender globally. As per latest data from SIPRI, in 2023, at $83.6 billion, India’s military expenditure was 4.2 per cent higher than in 2022.
BUSINESS
'Tahe dil se shukriya ada karte hain…,' says Sebi chief Madhabi Puri Buch to SBI MF; here's why
Buch also praised the culture of the bank, which has manifested in its subsidiary, and thanked every member of the SBI Mutual Fund 'family' for their support and service
BUSINESS
Does your heart beat for the customer, Sebi chief asks mutual fund distributors
Madhabi Puri Buch said that a mutual fund distributor is an agent of the fund houses, similar to an employee, so if there is mis-selling or false advertising, then the AMC is liable.
BUSINESS
Budget Buzz: Quantum AMC’s Chirag Mehta expects a populist budget, airs his MF tax wish list
Mehta says that the impact of earlier government spends has been skewed towards certain areas rather than widespread, which was necessary at the time. But now, the need is to uplift the rural economy.
BUSINESS
Right time to be investing in factor funds, says Edelweiss MF’s Bharat Lahoti
Investors should look for funds that are data-driven, evidence-based, and offer controlled risk management, Bharat Lahoti, Co-head, Factor Investing, Edelweiss MF said.
BUSINESS
Budget 2024: Semiconductor industry upbeat on govt push for self-sufficience
In December 2021, the government launched the India Semiconductor Mission, announcing an Rs 76,000-crore chip incentive scheme, offering a 50% subsidy on capital expenditure for plant setup.
BUSINESS
MC Explainer | All you need to know about the new asset class proposed by Sebi
Sebi has sought feedback from the Association of Mutual Funds in India (AMFI) and individual asset management companies regarding the structure and asset allocation of this new category. Suggestions and feedback can be submitted till August 6.
BUSINESS
Sector Watch: Capital goods firms want capex continuity, focus on emerging sub-segments in Budget 2024
Market participants also expect the budget to indirectly benefit various sub-segments within the capital goods universe through allocations to infrastructure areas such as roads, railways, and defence while expecting announcements related to railway safety, new railway lines, and further investments in semiconductor manufacturing.
BUSINESS
Sector watch: Power sector hopes for higher allocation, incentives as demand continues to soar
Power stocks have been rallying over the last one year with valuations in the power sector currently higher compared to historical averages.
BUSINESS
Budget 2024: Street bets on increase in defence capex spend
The defence segment is expected to see increased allocation in the upcoming budget, continuing the trend of previous years, analysts said.
