India’s largest asset manager warns IT, pharma and consumer heavyweights are “mature, tired models,” driving investor hunger for new-age IPOs, but valuations remain key.
The fund, according to the AMC, is designed to deliver FD-plus returns with low volatility, combining equity, debt and derivatives.
These transactions were largely through secondary share sales where Tiger Global and Accel offloaded shares to each of the new buyers. While SBI MF bought shares worth Rs 250 crore, the largest quantity, the other transactions were significantly big, too.
Urban Company is being valued at around $1.8 billion, or Rs 15,500 crore, during these transactions where Accel, Bessemer Venture Partners, Tiger Global and Elevation Capital are all selling shares.
SBI Mutual Fund has gone about the business of giving blockbuster returns in recent years in some blockbuster equity schemes, largely flying under the radar. While there are many retail investors and advisors obsessed with popular large-cap funds, some sectoral and thematic funds offered by SBI have packed a punch. A steady ₹10,000 SIP in three of these funds over the past five years has grown to as much as almost ₹16 lakh—thanks to up to 40% annualised returns. Look at these SBI blockbusters here.
Valerie Baudson, CEO of Amundi Asset Management on how she views the JV with SBI, her take on Indian markets, Trump trade, ESG theme.
On the sellers side, Vodafone Telecommunications India Limited sold a 11.17 percent stake in Indus Towers.
Indian promoters of SBFC Finance offloaded six crore shares while SBI Mutual Fund, Morgan Stanley and Custody Bank of Japan together bought 3.8 crore shares.
The new fund is an open-ended scheme replicating or tracking the Nifty50 equal weight index, effectively with a relatively lower cost as it is a passive offering.
On Moneycontrol’s weekly The Wealth Formula, the CIO-Equity explained why investors need to look deeper
In a rapid-fire round on Moneycontrol’s The Wealth Formula, the CIO-Equity of the country’s largest fund house spoke about why investment management is more fun that work, a bet that went horribly wrong and the investment stalwarts he admires
He pointed out that a good business and a good management will always trade expensive, but the complexity and art of investing comes in when you have to combine these two factors and decide what your cut-off price will be
HDFC AMC is one of the best bets in India for capitalising on the industry's long-term structural opportunity, analysts said
Cash calls are usually taken when wealth managers want to protect investors’ money from the downside. “However, protecting the downside is only remembered for a short period of time. The bigger picture is always participating in the upside,” says Anoop Bhaskar of IDFC MF
Bank stocks remain the market’s darlings on the back of an increase in capital expenditure and the cleaning up of bad loans on their balance sheets.
The entire panel said they were Overweight on financials at the moment, on the back of good earnings visibility and strong asset quality
The amount will be paid by "extinguishing proportionate units at the NAV dated December 2, 2022".
The IPO consists of a fresh issue component of Rs 500 crore and an offer for sale (OFS) of up to 50,761,000 shares as part of which Carlyle will sell up to 50,661,000 shares. A combination of the pre-IPO pacts and the OFS would result in a full exit for Carlyle from Global Health Ltd
Clearly, it has been a dream performance by SBI in the nine months of FY22 (9M FY22)
The schemes in concern, namely Franklin India Low Duration, Dynamic Accrual, Credit Risk, Short Term Income Plan, Ultra Short Bond Fund, and Income Opportunities Fund, together had an estimated AUM corpus of over Rs 25,000 crore.
SBI MF recently launched an Exchange Traded Fund tracking the Nifty India Consumption Index. The New Fund Offer runs from June 30 to July 14.
With an asset base of Rs 4,21,364 crore, SBI Mutual Fund continue to be the largest fund house in the country during the September quarter 2020.
In an interview with Moneycontrol, Navneet Munot said SBI MF is anxiously excited as it scouts for winners amidst the chaos
Given the environment, both corporate sector and households may remain thrifty and risk-averse, he said.
A credit line from the RBI will do a lot of good for the industry, Ashwani Bhatia, MD and CEO of SBI MF told CNBC-TV18.