ADITYA BIRLA MANUFACTURING FUND
Green jobs in textile can become the largest job opportunity in India: Aditya Birla Fashion’s Naresh Tyagi
As the world of textile rapidly moves towards becoming sustainable, it also seeks skills for the same. India, which is one of the largest textile manufacturers, can create a big pool of green talent.
Aditya Birla Sun Life Mutual Fund launches Crisil Broad Based Gilt ETF
Aditya Birla Sun Life Crisil Broad Based Gilt ETF NFO, managed by Kaustubh Gupta, offers income through gilt securities with moderate risk. Subscription open until July 1, suitable for investors seeking exposure to CRISIL Broad Based Gilt Index.
Aditya Birla Group’s chemical ops to foray in US with USD 50 million investment
The Aditya Birla Group is already present in the US through Hindalco Industries-owned Novelis Inc and Aleris Inc, and Georgia-based Birla Carbon. It currently has an investment of more than $15 billion in businesses in the US, and is the largest Indian investor in the US as of now.
Best banking & PSU mutual funds to invest in June 2024
Mutual fund advisors say banking & PSU debt schemes are ‘relatively’ safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they don’t have the credit risk.
Quant Mutual Fund added 27 stocks to its portfolio in May. Do you own any?
Quant Mutual Fund is under Sebi inquiry for suspected front-running, leading to search and seizure operations in Mumbai and Hyderabad.
10 equity mutual funds that lost the most in May
There were around 491 equity mutual fund schemes active in May. Around 117 of them gave negative returns. Here are the 10 schemes that lost the most in the period, revealed data pulled out from ACE MF.
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A small allocation to quant theme may be worth a try
Experienced equity mutual fund investors can consider allocating to Aditya Birla Sun Life Quant Fund NFO managed by Harish Krishnan. New investors should stick to diversified equity mutual funds. The NFO closes on June 24 with a 0.5% exit load.
Best flexi cap mutual funds to invest in June 2024
Flexi cap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the market. Flexi cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in these schemes with an investment horizon of five to seven years.
Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Quant Fund
Aditya Birla Sun Life has launched Aditya Birla Sun Life Quant Fund, an open-ended equity scheme following Quant-based investment theme. The New Fund Offer (NFO) is open for subscription and will close on June 24.
Kotak Special Opportunities Fund, 2 other mutual fund NFOs are open for subscription
Three mutual fund NFOs are open for subscription this week. These thematic funds offer opportunities for long-term capital appreciation through unique investment themes.
These smallcap mutual funds outperformed benchmarks in May
Around 23 smallcap funds outperformed their respective benchmarks in May. There were 27 smallcap funds in the said period. Here are the top five outperformers, according to the data pulled by ACE MF.
3 mutual fund NFOs to open for subscription this week
Around three mutual fund NFOs will open for subscription this week. These three NFOs will be from Aditya Birla Sun Life Mutual Fund, Kotak Mutual Fund, and Baroda BNP Paribas Mutual Fund, according to data by ACE MF.
Thematic MFs offer up to 14% return in May. Have you invested in any?
Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.
85% smallcap mutual funds outperform benchmarks in May
Around 85% of small cap mutual funds outperformed benchmarks in May, with 23 out of 27 funds beating their respective benchmarks. Aditya Birla Sun Life Small Cap Fund, Axis Small Cap Fund, and Canara Rob Small Cap Fund were top performers.
These 6 equity mutual funds lost more than 4% in three months
There were around 284 equity mutual funds in the market that have completed three months of existence. Out of 284 equity schemes, 98 gave negative returns in the said period. Here are the six schemes that lost more than 4%, according to the data by ACE MF.
Election results: Which themes will give mutual fund investors the best returns?
Sectoral/thematic mutual funds have delivered up to 380% absolute return in the last five years under the Modi-led government, with infrastructure funds leading the chart.
Which equity mutual funds managed to beat benchmarks in 5 years? Here’s are top 10
These top 10 equity mutual fund (MF) schemes had the highest up-capture ratio in 5 years of more than 120 times, according to the data by ACE MF. The ratio signifies a fund’s performance when the stock market is bullish. If the ratio is over 100, indicating that the fund has managed to outperform its benchmark.
This equity mutual fund category offers lowest return in 10 years
The international funds category has offered the lowest return in the last 10 years, an analysis of performance by ETMutualFunds showed. This category offered an average return of 6.75% in the same time period.
These two equity mutual fund categories offered negative returns in 3 month
Equity mutual fund categories - technology and pharma have lost up to 4% in the last three months, shows data. While technology-based funds have lost around 4.11%, the pharma and healthcare funds are down about 0.09% in the same period.
This equity MF category offers 104% return in one year, tops performance chart
PSU theme-based mutual funds (MFs) offered an average return of around 104.24% in the last year, according to ACE MF data. Around five PSU funds completed one year of existence in the market.
Know Your Fund Manager | Harish Krishnan, Co-CIO and Head Equity, Aditya Birla Sun Life AMC
Once I joined Kotak, I realised that the role of a buy-side analyst is not very different from that of consulting – in terms of looking at a range of companies across sectors, trying to analyse various aspects that improve competitiveness of the company – but with a key difference.
2 midcap mutual funds turn Rs 5,000 monthly SIP to Rs 1 crore in 20 years
Midcap mutual funds like Sundaram Mid Cap Fund and Nippon India Growth Fund saw significant growth, while Tata Mid Cap Growth Fund, Aditya Birla SL Midcap Fund, Quant Midcap Fund, and Taurus Mid Cap Fund also performed well. ETMutualFunds provides analysis and answers mutual fund queries on social media platforms.
Best medium to long duration funds to invest in May 2024
There are no changes in the list this month. All the schemes fared well. Please follow our monthly updates to keep track of your investments.
Hindalco raises FY25 capex target to ₹6,000 crore
Earlier this year, Hindalco said it would spend ₹5,000-5,500 crore on capex in FY25. In FY24, it spent about ₹4,200 crore.
Four PSU mutual funds offered over 100% returns in one year. Will the magic repeat after election?
Of the four PSU theme-based mutual funds that offered over 100% returns in the last one year, CPSE ETF was the topper with an average gain of 121.18%. PSU theme-based funds have offered an average return of 28.04% in last five years.
Aditya Birla Sun Life launches Crisil IBX Gilt June 2027 Index Fund
Aditya Birla Sun Life Crisil IBX Gilt June 2027 Index Fund, an open-ended Target Maturity Index Fund, aims to mirror the CRISIL IBX Gilt Index – June 2027. It offers moderate interest rate risk, low credit risk, and a duration aligned with the index.
Best balanced advantage funds or dynamic asset allocation funds to invest in May 2024
There are no changes in the list this month. Follow our monthly updates to know how your schemes performed in the previous month.
SBI hikes FD interest rates but still less than what these 313 debt mutual funds have offered
SBI raises fixed deposit rates by up to 75 basis points, effective May 15, yet falls short compared to over 300 debt mutual funds offering higher annualized returns of 6.47% to 11.60%.
Unlucky 7! 88% largecap mutual funds fail to beat benchmarks in 7 years
88% of large cap mutual funds struggled to beat benchmarks in the last seven years, highlighting challenges post Sebi's introduction of total return indices. Notable underperformers include Aditya Birla SL Frontline Equity Fund, while ICICI Prudential Bluechip Fund stood out as an outperformer.
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