The salaries of chief executive officers of ICICI Prudential Mutual Fund, HDFC Mutual Fund, Birla Sun Life Mutual Fund and Reliance Mutual Fund have increased in the last fiscal year
Watch the interview of A Balasubramanian, CEO - Birla Sun Life AMC with Surabhi Upadhyay on CNBC-TV18, in which he shared his views on impact of demonetisation on mutual fund portfolio and the realignment required to preserve the wealth.
With much of the pain behind us, the market is now starting to look relatively attractive and there is a fair chance of the indices hitting new highs in 2017, says Mahesh Patil, Co-Chief investment officer at Birla Sun Life AMC.
Speaking to CNBC-TV18 Mahesh Patil of Birla Sun Life AMC said that a year down the line, one could look at much better outlook in earnings. "The past four quarters could see a decent earnings growth," he said adding that he doesn't see any reason for a re-rating from current levels.
Speaking to CNBC-TV18 Mahesh Patil of Birla Sun Life AMC said that in NBFCs valuations are on the higher side. “We don‘t don‘t just look at near-term PE multiples. We take a longer view. This is a good sector to be in.â€
Indian markets will not see any big headwinds as monsoons have picked up and GST Bill stands a big chance of getting passed and liquidity in the system is much higher, said Mahesh Patil, Co-CIO at Birla Sun Life AMC.
Fundamentals justify market at current levels and the market needs to consolidate now, says Mahesh Patil, Co-Cio, Birla Sun Life AMC.
The AMFI (Association of Mutual Funds in India) plans to take up the issue of "disclosing distributors commission in Statement of Accounts" in its board meeting this week.
Long-term investors should be looking at opportunities rather than being worried about what is happening in the market today, says Jayesh Gandhi, Sr Portfolio Manager, Birla Sun Life AMC.
While the current year has not been too kind on the earnings-front, Mahesh Patil, Co-Chief Investment Officer, Birla Sun Life AMC expects the same to grow at 15-17 percent in FY17.
Mahesh Patil of Birla Sun Life AMC does not see Bihar election outcome impacting the markets much. However, if there is any correction in the market post Bihar polls, investors should use it as a buying opportunity, he adds
EPFO trustees okay upping age limit uAt present, a formal sector worker covered under the EPS-95 can make contributions towards pension scheme till the age of 58 years and can claim pension thereafter. nder pension scheme to 60
Betting big on manufacturing, Birla Sun Life AMC has launched a new manufacturing equity fund. The NFO closed on January 27.
The Modi government's performance so far has been good and his biggest achievement has been managing to bring the growth agenda back on the table, says Jayesh Gandhi of Birla Sun Life AMC.
According to Mahesh Patil, Co-Chief Investment Officer, Birla Sun Life AMC market seems to be at bottom of the cycle and is fairly priced at the current juncture but there could be pockets of valuations, especially in some of the cyclicals.
Mahesh Patil of Birla Sun Life AMC remain overweight on IT stocks on back of rupee stabilising and the deal pipeline looking much healthier.
Birla Sun Life AMC's Mahesh Patil says that the key aspect that the market will watch for in the Budget is the government‘s plan to rein-in the fiscal deficit. The midcaps, he adds on CNBC-TV18, have started to look attractive on fundamentals, global liquidity and an expected ease in interest rates.
Mahesh Patil of Birla Sun Life AMC analyses on CNBC-TV18 that rate-sensitive sectors constitute one of the key themes for the year as interest rates are to fall in the medium-to-long term and growth is set to recover on continued liquidity levels and positive corporate earnings.
Birla Sun Life Asset Management Company Limited has decided to change the Minimum Amount and Units for Redemption of Birla Sun Life Mutual Funds with effect from February 27, 2012.
Mahesh Patil of Birla Sun Life AMC recommends investing in rate sensitive sector due to interest rates peeking out.
Reliance mutual fund has overtaken HDFC mutual fund to become the country's most profitable fund house, as per their profit figures for the latest financial year.
It was another a down day for the market, making it three days in a row of closing in the red. However, today’s the silver lining, if at all, Nifty holding on the all important 5400-mark.
Market is driven by lots of speculation and sentiments. An investor should not get carried away by volatility of the market, advises A Balasubramanian, CEO, Birla Sun Life AMC.
The Union Budget, I would say, has been focussed more towards controlling inflation, fiscal consolidation and focus on rural as well as agriculture sector.