BUSINESS
Saurabh Mukherjea's Marcellus raised February cash position in small and midcaps as correction bites
Saurabh Mukherjea's Marcellus Investment increased cash holdings in February at a time when correction in the small and midcap space has been unfolding with investors hoping for a rebound.
BUSINESS
Asset managers seeking easier IFSCA rules for Fund Management Entities at GIFT City
GIFT City wealth managers have approached IFSCA, the regulating entity, seeking certain tweaks in regulations in order to lower costs as well as a higher threshold for funds that can be migrated into a new FME.
BUSINESS
Saurabh Mukherjea warns of 'Superman Complex' in annual reports. Here’s what it means
Mukherjea said that one should analyse the company's annual reports over a decade to understand the company's journey.
BUSINESS
As SEBI cracks down on F&O, brokers eye algo-trading as new revenue stream
A retail investor can access algo-trading in two ways. One, he can go on a do-it-yourself (DIY) platform and create investment strategies. Two, he can use an existing investment strategy offered by a broker or a fintech company.
BUSINESS
Tweak LTCG structure if cutting rates not an option, say experts
Market participants say that while the government may not be in favour of rolling back a tax levy as they might lose out on a revenue source, at least the structure can be reviewed so that the impact is minimised.
BUSINESS
Switching PMS providers can be time-taking and cumbersome, but it gets trickier if the portfolio in the red
Globally, investors are not required to go into this unnecessary hassle of a new demat account while shifting PMS advisories.
BUSINESS
Broken Arrow: How Nifty 50's inverse relation with India VIX looks distorted in this selloff
As India VIX - the volatility gauge - rises, the Nifty 50 index often declines, and vice versa, with higher VIX signalling greater uncertainty, thus leading to a fall in the value of the benchmark.
BUSINESS
Some India-dedicated funds assessing if India offering same potential as China did a decade ago, says former CIO of a Canadian pension fund
FIIs are selling some portion (of their holding) to rebalance portfolio, and it is a normal reaction. When markets rise for a while, sophisticated investors tend to book profit and redeploy capital where they find better valuations, said the former CIO of Alberta Teachers Retirement Fund.
BUSINESS
Buying an index fund is like outsourcing stock decisions, says Derek Brodersen of Quantum Advisors India
He said that investing in an index fund is somewhat like buying quantitative funds where algorithms are used to pick stocks. The algorithms can be based on revenue, earnings, and other things, he added.
BUSINESS
IFSCA tightens scrutiny of FMEs over disclosure, valuation and compliance violations
The examination pertains to disclosures by FMEs to investors, along with fund valuation, NAV calculations, due diligence and compliance with disclosures in Private Placement Memorandum (PPM).
BUSINESS
Sebi mulls review of accredited investors framework, says they don't need same protection as Rs 250 SIP investors
Sebi's Ananth Narayan added that if India has to create the next DeepSeek, a lot of money should flow into startups, particularly greenfield projects and fresh startups.
BUSINESS
Quant-based PMS schemes struggle as almost all funds dip in last six months
Current market volatility posing challenges for quant-based PMS; 35 out of 36 schemes in red in last six weeks
BUSINESS
Reluctance, lack of awareness and vested business interests limit growth of accredited investors as only around 200 register in 4 yrs
Sources further told Moneycontrol that market intermediaries including PMS and AIF firms are also not encouraging pushing accreditation hard enough because it threatens their own business and bottom line. Reason being, accredited investors are allowed to bypass the minimum ticket size for PMS and AIFs.
BUSINESS
Consumer stocks richly valued despite slower growth because of flight-to-safety attitude of investors, says Anand Shah of Axis Capital
Anand Shah of Axis Capital says that consumption of staples has a structural growth issue, but discretionary consumption should bounce back on the strength of tax cuts
BUSINESS
Tax tangle, operational challenges keep new investors away from PMS even as AUM doubled in five years
Only 22,709 new investors – a mere 12 percent - have joined the PMS bandwagon during last five years, implying that it is the existing investor pouring in more money, and the industry has not able to attract fresh capital.
BUSINESS
Carnelian exits ICICI Securities, adds Kotak Mahindra Bank & RBL Bank to PMS strategies
ICICI Securities has delivered a lackluster performance over the past year, gaining just 6%. According to Bloomberg, the stock currently holds one buy call, two hold calls, and no sell calls.
BUSINESS
Retail fund schemes struggle to take off in GIFT City amid regulatory and tax hurdles
In the August 2024 Finance Act, the government extended the "Specified Fund" tax regime to retail schemes in IFSC, subject to prescribed conditions. This sparked interest among fund managers, but without clarity on the conditions, the tax regime remained incomplete
BUSINESS
IVCA President backs level-playing field between AIFs and MFs for new asset class
IVCA's Rajat Tandon believes that Sebi's proposed Systematic Investment Funds (SIF) could lead to a shift of clients away from Category III AIFs, owing to the lower ticket size and similar strategies.
BUSINESS
Limited Partners 'love India', but not enough opportunities to invest: Vivek Pandit of Mckinsey
"LPs say that look, I love India, but I can't write big enough cheques for enough people," Pandit said, while speaking at the Indian Venture and Alternate Capital Association Conclave in Mumbai on February 11.
BUSINESS
Ambit curates top stocks with 'pricing power' to ride the downturn; Adani Ports, Coal India, DMart, 15 others make the cut
The fund management firm added that pricing power companies are often less glamorous and newsworthy, except in their early growth stages. However, they are quiet, stable, and high-quality compounders that generate consistent long-term returns.
BUSINESS
Most PMS schemes offer better return than benchmarks, but there is a loophole
As per an analysis by Moneycontrol, around 73 percent of the total PMS schemes, which categorised themselves as ‘mid-cap’ schemes have underperformed their true benchmark in CY24.
BUSINESS
AIFs see more institutional, Family Office investment after Budget clarifies treatment of capital gains
In order to clear the tax uncertainty, the Union Budget had clarified that income generated by Category I and II AIFs will be treated as capital gains. Earlier, FPIs investing in Indian AIFs faced multiple litigations over whether their gains were capital gains or business income.
BUSINESS
GIFT City gets a booster dose as Budget doles out tax benefits for ship leasing companies
A lot of ship leasing currently happens from places like Singapore where the flagging regulations are liberal, said Charkha. There are other jurisdictions like Marshal Islands, which are conducive for ship leasing activity, he adds.
BUSINESS
Seven key sectors that will be in spotlight post Budget 2025
The announcements in affordable housing segment to some extent will benefit the real-estate ancillaries rather than direct real estate players, said Siddarth Bhamre, Head - Institutional Research at Asit C Mehta.
