BUSINESS
Why does Mihir Vora find even a high PE stock an attractive buy? It’s GARV, not GARP
As TRUST Mutual Fund- the 3-year-old fund house, gets set to launch its first equity scheme, Mihir Vora its CIO says that he looks at a stock’s growth prospects rather than just its PE. If prospects are good, he doesn’t mind paying a higher price
BUSINESS
Star fund manager Sohini Andani quits SBI Mutual Funds
Sohini Andani of SBI Mutual Fund has been with the fund house since October 2007. Andani has been one of the tallest women fund managers in the Rs 50 trillion Indian mutual funds industry
BUSINESS
There is more to MF stress test than liquidity: Tata MF's Chandraprakash Padiyar
Tata Small Cap Fund reported one of the poorest numbers on the liquidity front, i.e, the number of days it would take to liquidate half of its portfolio. But its senior fund manager, Chandraprakash Padiyar, is not worried. He says the fund scores high on the liability side, which means the fund has a well-diversified investor base
BUSINESS
Stress test of mutual funds: Winners and losers in round 1
While HDFC Small Cap Fund and SBI Small Cap Fund show some stress in their portfolios, Nippon Small Cap Fund has bucked the trend. But it has paid a price for it. Edelweiss Mutual Fund reported good numbers among its size of schemes
BUSINESS
Stress test: SBI MF can take up to 60 days to liquidate its small- and mid-cap portfolios
SBI Mid Cap Fund’s size is Rs 16,467.43 crore and is India’s 5th largest mid-cap fund. SBI Small Cap Fund's size is Rs 25,533.78 crore and is India’s 3rd largest small-cap fund.
BUSINESS
Stress test shows Tata Small Cap Fund may take 35 days to sell half the portfolio
Tata Small Cap Fund had the poorest result number among the 10 fund houses which had shared their stress test numbers by the morning of March 15
BUSINESS
Stuck with debt you can't repay? Here’s how debt counsellors can help
The number of personal and credit card loans have gone up in recent years, and many are struggling with a mountain of debt, and being harassed by loan recovery agents. Which is where debt counsellors come in, provided one is disciplined.
BUSINESS
Stress test: DSP Small Cap Fund needs 32 days to liquidate 50% of its portfolio
Large-sized mid- and small- cap funds and especially those with scant large-cap exposure show higher stress in their portfolios
BUSINESS
Women fund managers struggle to see their tribe grow. Can fund houses help?
A significantly large section of fund managers come from the brokerage industry where research analysts rise in the ranks to directly manage funds. But the brokerage industry has largely been a male bastion. Increasingly, fund houses are realising that it's best to recruit women directly at trainee levels and groom them for higher responsibilities.
BUSINESS
Women’s Day: How Rajasa of Franklin Templeton juggles between baby and balance sheets
International Women’s Day: Rajasa K, fund manager at Franklin Templeton mutual fund, feels it’s only a matter of time when the Indian mutual funds industry will see more women at senior roles, as chief investment officers and heading investment functions. As a fund manager, she likes picking up stocks across market segments, but mid-caps give her a special thrill.
BUSINESS
Women's Day: A college contest won this fund manager Rs 1 lakh cash prize and a career in mutual funds
International Women’s Day: Cheenu Gupta, Senior Vice-President Fund Management, Equities, HSBC India Mutual Fund, was offered a job at UTI Mutual Fund, on stage after winning an inter-college competition, by the firm’s then Chairman and Managing Director, UK Sinha.
BUSINESS
Women fund manager count unchanged from last year: Morningstar report
International Women’s Day: The Indian Mutual Fund industry has just 42 female fund managers. Male fund managers, at 431, account for more than 90% of the count. While the overall number of fund managers has risen to 473 from a year ago, that increase was entirely driven by men.
BUSINESS
Women’s Day 2024: Ennette Fernandes — from research analyst to fund manager
International Women’s Day: She handles the Canara Robeco Equity Hybrid Fund and Canara Robeco Consumer Trends Fund, managing assets worth Rs 8,700 crore. She is bullish on the consumer and manufacturing sectors.
BUSINESS
Will SEBI advisory impact investing strategy of smallcap funds?
Fund managers believe that the regulatory advisory on smallcap funds will not have an impact on the broader markets but will improve transparency in the mutual fund space. However, they suggest that investors be cautious in this space as valuations are not cheap.
BUSINESS
How soon can you sell your small and midcap stocks? AMFI asks MFs to submit stress test results by March 15
Acting on SEBI’s concerns about the froth building in mid-cap and small-cap segments in the stock market, AMFI tells mutual funds to conduct stress tests and publish the result on its own websites as well that of AMFI’s, once every 15 days. Fund houses are also supposed to now publish granular details about their portfolio’s volatility and valuation details.
BUSINESS
Tax saving: Five tips to get the best from your ELSS Mutual Fund
Your money in an ELSS is locked in for three years, even if you invest in excess of Rs 1.5 lakh. But mind the lock-in when you put your money through SIPs. Each SIP instalment gets locked in for three years.
BUSINESS
SEBI proposes to relax rules for ETFs and index funds; to make them more robust
At present, index funds and Exchange-Traded Funds (ETF) cannot invest in listed shares of group companies or sponsor companies in excess of 25 percent of its net assets. This restricts the ability of passive funds that invest in thematic and sector indices. SEBI has now proposed to relax this limit.
BUSINESS
Has the new income-tax regime killed tax-saving mutual funds? Not yet, but…
Budget 2023 made the new income tax regime the default regime. Since this regime doesn’t give Section 80C benefits, ELSS, or tax-saving mutual funds, have lost their tax-benefit edge. Aside from taxpayers who would still opt for the old tax regime, it remains to be seen if ELSS funds can sell themselves purely on performance.
BUSINESS
Navigating job placement offers? Get your finances in shape
Once that job is in the bag, you need to focus on becoming financially independent. Make sure you invest in equities. Avoid fads of the day. And do not listen to the unlicensed advisors proliferating on social media.
BUSINESS
Trust MF gears up for its first equity fund, Aakash Manghani to oversee the float
Trust MF has been one of the new-age fund houses to enter the Indian mutual funds industry. Other fund houses to have entered the space in recent years were Old Bridge MF, Zerodha Fund House, Samco MF and WhiteOak MF
BUSINESS
Can smart beta funds deliver on their promise of low risk, high returns?
Investors have taken time to warm up to these ETFs, which just about five years old and aim to bridge the gap between active and passive funds. But a slew of launches in the past few years have fund houses, advisors and mutual funds swooning over the sheer variety of options
BUSINESS
Got Rs 10 lakh to invest? Put it in these 5 sectors or 1 MF category, says Franklin Templeton equities head Janakiraman
Janakiraman Rengaraju, Chief Investment Officer, Emerging Markets Equities – India, Franklin Templeton India Asset Management Co Ltd, likes power utility companies that are waiting to tap into new energies
BUSINESS
Turning 30 and still going strong: How Franklin Templeton built wealth in its two oldest schemes
Franklin India Bluechip Fund and Franklin India Prima Fund, two of India’s oldest equity funds, compete 30 years. Launched in 1993, these 2 were, at the time, India’s first private sector mutual fund schemes
BUSINESS
Mirae India MF offers a new way to invest in smallcap funds. But is it worth it? A Moneycontrol Review
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF will invest in stocks that lie in the Nifty Smallcap 250 Momentum Quality 100 Total Return Index. Smart-beta funds fall in between a completely passive fund and an active fund. Which is why they are not suitable for first-time investors.
