BUSINESS
There is alpha to be made in private sector banks: Nimesh Chandan, CIO, Bajaj Finserv Mutual Fund
Banking, capital goods and auto companies are poised to do well, says Nimesh Chandan, Chief Investment Officer of Bajaj Finserv Mutual Fund. But he is also bullish on the consumer discretionary segment as Indians are spending more with continuous increases in per capita income
BUSINESS
Is this market-linked debenture a panacea for a volatile market?
InCred 1.5x Nifty Accelerator Market-Linked Debenture aims to protect your principal in the worst-case scenario and provide double-digit returns in the best-case scenario. Budget 2023 had taken the sheen away from MLDs, but due to the change in tax structure, the principal protection is an attraction. But this MLD comes loaded with conditions.
BUSINESS
Budget for salaried class: Income tax unchanged, pre-FY10 tax demands withdrawn and more
Interim Budget 2024: The government has decided to not to tinker with the existing direct and indirect taxation rates.
BUSINESS
How FM Sitharaman's Budget may impact your money
FM Sitharaman chose to maintain the status quo in the income-tax rates and slabs, refraining from introducing any alterations in either the old I-T regime or the new I-T regime.
BUSINESS
No sales and redemptions at mutual funds to take place today
Although equity markets are open on January 20, mutual funds have maintained it as non-business day. Even if Net Asset Values are declared today, Saturday, investors’ transactions will happen at NAVs declared on the next business day – Tuesday for all funds and Monday for liquid and overnight funds.
BUSINESS
Your mutual fund can redeem your money in minutes. Here’s how
Many liquid and overnight mutual fund schemes give back your money within a few seconds, if they offer the Instant Access Facility or Instant Redemption facility. This helps if you need urgent cash and it’s a weekend or a public holiday. This facility is only available with liquid and overnight mutual fund schemes, as per SEBI rules
BUSINESS
Is Kenneth Andrade's Old Bridge Fund NFO a ticket to high returns or a risky ride? Moneycontrol reviews
Old Bridge Focused Equity Fund is a focused equity fund that would invest in up to 30 stocks; but most probably far less than that. Its co-fund manager Kenneth Andrade will, given his style, manage this fund with a mid- and small-cap stock tilt. The usually quiet Focused Fund category is about to get a jolt.
BUSINESS
Will maverick mid-cap fund manager Kenneth Andrade do an encore with Old Bridge MF?
Old Bridge Mutual Fund, India’s newest and 44th fund house, will be launched on January 10. Its chief investment officer, Kenneth Andrade, was earlier the head of investments at IDFC Mutual Fund (now Bandhan MF). He had left to set up a PMS, called Old bridge Capital. Now, he’s back in the Rs 50 trillion Indian mutual fund industry with a brand new fund house
BUSINESS
Franklin Templeton veteran Anand Radhakrishnan set to join Sundaram MF as CEO
Radhakrishnan’s entry in Sundaram AMC adds to the niche bunch of fund managers-turned-CEOs in the Indian AMC industry. Sunil Subramaniam, Sundaram AMC’s present CEO, is likely to step down by April 2024. He is most likely retiring.
BUSINESS
Find the best asset allocation mix that will maximise your returns
The 60-40 equity-debt allocation — arguably the most popular asset allocation — appears to be losing its edge. A touch of gold works better
BUSINESS
Sundaram Multi Asset Allocation Fund new scheme launch: A Moneycontrol review
Sundaram Multi Asset Allocation Fund aims to reduce portfolio volatility by investing across three asset classes: equity, gold, and fixed income. Given the superlative returns in equity and a good sprint by gold in 2023, fund houses are busy pushing multi-asset allocation funds.
BUSINESS
SEBI penalises realty fund managers, trustees for failing to wind up, not returning investors monies
SEBI has penalised Unitech Advisors (now Auram Asset Management) for failing to wind up three of its real estate funds — CIG Realty Fund I, CIG Realty Fund II, and CIG Realty Fund IV — on time. SEBI has ordered the company to immediately wind up the firms and return the unitholders’ funds.
BUSINESS
This debt fund is a winner, and not just when interest rates start to fall. Here’s why
Government Securities or G-Sec mutual fund schemes gain the most when interest rates start to fall. And a Moneycontrol Research analysis shows that if held beyond a certain time horizon, your chances of making a loss turn negligible.
BUSINESS
Mutual Funds Year-end Special 2023: 5 things that impacted how you invested in 2023
Year-ender 2023: From mid and small-cap funds burning the charts, to new mutual fund houses entering the industry, 2023 benefited the disciplined investor.
BUSINESS
Sensex @70,000: How to book profit
Just because the Sensex level has touched a new high, it doesn’t mean the equity markets are over-stretched. Small- and mid-cap indices have crossed their 12-year averages, though. Still, do not sell anything in panic. There is a method in this madness.
TRENDS
Leander Paes, Vijay Amritraj inducted into tennis Hall of Fame
Leander Paes, India's former no 1 men's doubles tennis player, and Vijay Amritraj have become the first Indian tennis players to have made to the prestigious Hall of Fame
BUSINESS
Sebi looking at creating new asset class between mutual fund and PMS, says Madhabi Puri Buch
The high-risk, high-return category may come with higher threshold and some restrictions to ensure that investors do not get carried away by the chance to earn higher returns
BUSINESS
DSP MF’s new scheme aims to reduce risks in small-cap investing: A Moneycontrol review
DSP Nifty Smallcap250 Quality 50 Index Fund aims to filter out 50 stocks from the more broad-based Nifty Smallcap250 index by adding quality filters. While the results might include a superior, more qualitative basket of 50 stocks, it might also leave out key sectors that could outperform others at some point.
BUSINESS
Small Cap Investing Is Not The Magic Solution: Rajeev Thakkar, PPFAS Mutual Fund
At its annual unitholders’ meet, the management team of the Warren Buffet-inspired PPFAS Mutual Fund answered questions on valuations, its stock picks, high cash holding, and its IPO plans.
BUSINESS
Mutual Fund Lite regulations in final stages; SEBI may issue consultation paper soon
SEBI’s ‘MF Lite’ regulations are said to have been approved by the regulator’s Mutual Fund advisory committee. These regulations will benefit mutual fund houses that only wish to launch passive funds and therefore do not require much oversight and tighter regulation.
BUSINESS
It is okay for mutual funds to invest in new-age companies, even with a loss, says Sapna Narang of Capital League
According to the founder of the Gurugram-based all-women boutique investment advisory firm, fund houses have an in-house stock screening process and investment committees that are always on the lookout for new investment ideas.
BUSINESS
Digital Dazzle: The 3 best ways to buy gold this festive season
A Moneycontrol Twitter Spaces conversation with a gold mutual fund manager and a financial planner discussed why gold is fast becoming an important part of every investor’s portfolio.
BUSINESS
How to clean up your portfolio this Diwali? Sundeep Sikka, CEO, Nippon MF, has a 3-step move
According to Sikka, the markets are closely watching the Israel-Hamas war, and are mindful of the upcoming elections in US and India. But while these events will have a bearing in the short term, as long as corporate earnings continue to grow, the future is bright
BUSINESS
Equity mutual funds get close to Rs 20,000 crore net inflow in October: AMFI
In the month of September, inflows into equity funds (Rs14,091 crore) had slowed as compared to the pervious month (Rs 20,245 crore). But October saw investors putting faith in both equity and debt funds
