ADITYA BIRLA POLICIES
High-flying PSU mutual funds lose 3% in one month. What should investors do?
PSU mutual funds, which showed strong returns of around 97% in the last year, experienced a decline of about 3% in the past month. Analysts attribute this to profit booking. Investors are advised to maintain a long-term investment strategy and diversify their portfolios for risk management.
Is your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them
While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by asking the right questions during policy selection, carefully reviewing policy documents, and conducting thorough research. This article explores common health insurance claim rejection scenarios and explains how to avoid them.
CAMS Repository Services launches insurance portfolio management platform
CAMS Insurance Repository Services (CAMSRep) introduced 'Bima Central,' an insurance portfolio management platform aimed at simplifying policy management for customers by aggregating benefits and ensuring claim-readiness. The scheme addresses the challenges faced by policy holders. Accessible to those with an electronic Insurance Account (eIA) with CAMSRep, Bima Central emerged from industry collaboration to enhance the value of insurance, with SBI General as the anchor insurer and others in the process of integration.
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.
How mutual fund managers decode RBI rate pause for investors?
The Monetary Policy Committee of Reserve Bank of India has decided to maintain the policy rate at 6.50% in the latest review, impacting mutual fund managers' strategies and market reactions.
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.
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‘Make in India’ under a cloud takes shine off manufacturing
Investors sold manufacturing and infrastructure shares amid concerns over the BJP-led coalition government's performance in the elections, impacting stock indices and specific companies. Analysts suggest a cautious approach towards investments in these sectors.
Grasim promotor Birla Group hikes stake by 4.09% to 23.18% in company
There has been no change in the promoter/promoter group's total holding in the company, which remains at 43.06%. Shares of Grasim Industries closed at Rs 2,435.10 on the NSE on Tuesday, rising by Rs 44.45 or 1.86%. A part of the Aditya Birla Group, Grasim reported a 39% increase in its consolidated net profit for the quarter ended March 2024, excluding exceptional items. The net profit rose to Rs 1,908 crore, compared to Rs 1,369 crore in the same quarter last year.
GIFT Nifty down 15 points; here's the trading setup for today's session
He expects more consolidation before the next leg of uptrend resumes amid an already sharp run-up with Nifty now likely to consolidate around 23,000 till the monthly expiry.
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.
Grasim Q4 Results: Net profit jumps 39% YoY to Rs 1,908 crore; revenue rises 13%
Grasim Q4 Results: The net profit stood at Rs 1,369 crore in the last year quarter. Revenue from operations increased 13% year-on-year to Rs 37,727 crore in the reporting period, compared with Rs 4,873 crore in the corresponding period of previous year.
Wanted: Policies that support womens’ advancement in the workplace
In India, women face significant barriers in the workplace, from the burden of unpaid care work to the gender pay gap. Despite anti-harassment policies like the POSH Act, compliance remains a challenge, contributing to the "leaky pipeline" where women exit the workforce.
Is hyper competition from Reliance Retail and Amazon over for them? 4 retailer stocks; 2 with an upside potential above 21%
Retail is one sector where even the best of the names of the India Inc have failed to taste success. It is not only the story in India, but globally. An industry where survival rate is not very high and the worst part, even after staying in business for decades, suddenly they go down under. Most prominent one which went down after years of existence is the Future group of companies. The players who have managed to survive, should better be bought back on the watchlist as there may be another round of re-rating when Reliance retail goes public.
Our business from policies above Rs 5 lakh is down by 10%: Kamlesh Rao, Aditya Birla Sun Life Insurance
"The business from policies with premiums higher than Rs 5 lakh is down by an absolute 10%. The number of policies has grown by 20% and we have lost the contribution from plans above Rs 5 lakh by 10%. So, our business for the first nine months was 10%," said Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance.
Why Deven Choksey would prefer Adani stocks to Birla stocks in 2024
Deven Choksey favours the Adani group for 2024, citing their strong EBITDA growth, reduced debt ratio, and cash generation for expansion, especially in infrastructure assets like road, port, power, and commodity segments. The equations are favourable even from the timing point of view. The Adani Group is going to perform better going forward.
All 4 best performing mutual funds since last Holi are about PSU stocks. Did you miss the boom?
We considered all equity categories such as large cap, mid cap, large & mid cap, multi cap, small cap, ELSS, flexi cap, focused fund, value, contra, sectoral and thematic funds. We calculated returns starting from March 8, 2023 to March 22, 2024. We considered all regular and growth option schemes.
Hidden gems? Harish Krishnan on 4 dark horse sectors worth betting on now
Harish Krishnan suggests potential dark horse sectors for investors, highlighting pharmaceuticals, metals, consumer durables, media. Real estate and select sectors in the investment cycle show positive momentum, while market expected to shift towards growth and quality sectors. Krishnan says "far more sanguine about the growth-oriented and quality-oriented sectors. There is always going to be an intersection of some of the PSUs within that pack."
Aditya Birla to consolidate financial services to comply with RBI norms
Aditya Birla Finance, the lending subsidiary of the steel to telecom group, will merge with its listed parent Aditya Birla Capital to comply with the Reserve Bank of India's (RBI) scale-based regulations for non-banking finance companies (NBFCs). The merger will result in Aditya Birla Finance's mandatory listing by September 30, 2025.
Cashless health insurance at all hospitals now but network hospitals are still better option for ‘assured’ cashless treatments
On paper, cashless everywhere is a great initiative as it aims to reduce out-of-pocket expenses of policyholders for medical treatments. However, health insurance policyholders need to keep a couple of things in mind before opting for a cashless everywhere facility at any hospital. You need to understand if you go to a non-empanelled hospital, how it will charge you for the treatment. Read here to know more
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 29%
With Nifty touching a new high, there is a high probability that a large number of investors will be looking at the returns of their portfolio to check whether the value of their portfolio has also reached a new high. All those who have high exposure to PSU stocks are likely to be happy, as there is high probability of the value of their portfolio has given far higher returns in last few months, but the ones who have more large cap exposure in their portfolio would be the ones, who would be probably not be so happy as large caps have not seen a sharp run up in last months. But the fact is nifty is not the market and hence more than nifty it is important to look at the underlying business and what is happening in the company before buying the stock. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
For risk takers with a long-term perspective? 6 midcap stocks from different sectors with the right ratio matrix
This week there was a sharp correction in the mid-cap index, and market breadth was also weak. This should serve as a warning to all those who are buying stocks without bothering to look at what is the business of the company. The way correction panned out, there is higher probability of a correction in mid-cap space continuing if there is more trouble with Nifty. But rather than bothering about what will happen to nifty in the next few weeks or quarters, long term investors looking to take exposure to the mid-cap should focus on individual companies and their underlying business. At the same time, because overall valuations are high, be ready for underperformance for some time and focus on the long term.
ETMarkets Fund Manager Talk: This Rs 3 lakh crore asset manager sees market returns tracking earnings growth in 2024
Mahesh Patil says: "As the market starts to factor in rate cuts, and dollar weakens, one should expect FII allocations to India also improve as India offers the best growth amongst all major economies. With Nifty valuation only marginally above the long-term average, we expect market returns to be tracking overall earnings growth."
Aditya Birla Health Insurance launches health insurance plan that covers live-in partners
Health insurance plan: Aditya Birla Health Insurance launched 'Activ One,' a health insurance plan featuring 100% Health Returns, Claim Protect and more. Covering live-in partners and chronic care, it ensures immediate coverage for seven conditions with no waiting period.
Sensex declines 200 points as Powell's hawkish comments hurt Street's festive spirit
The Fed is not confident that it has achieved a sufficiently restrictive stance to bring inflation down to 2%, Powell said, triggering a rise in US Treasury yields. The odds of a 25 basis-point rate hike in December rose to 12.1% from 9.6% a day before.
OMC inks pact with Hindalco to supply raw minerals to alumina refinery
The Odisha Mining Corporation (OMC) has signed an agreement with Hindalco Industries to provide long-term raw material linkage for its refinery project in Rayagada district. The pact will accelerate the construction of a two-million ton alumina refinery, creating jobs and contributing to Odisha's industrial growth. Chief Minister Naveen Patnaik emphasized the importance of business and socio-economic growth working together and urged the local community to support the project.
Market could go through a period of consolidation, says Balasubramanian of ABSL AMC
"Sometimes fund managers also go through the constraints of not being able to own beyond 10% as is stipulated by the regulator. ABSL Frontline Equity Fund has delivered sufficiently better returns to investors over the last 1-, 3-, 5- and 10-year period," says A. Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC.
Why Ajay Vora is neutral, not overweight on banks in near to medium term
Coming to consumer stocks, "it is better to be pretty selective right now. I expect one more quarter of subdued volume growth. But my sense is that with the onset of the festive season post September onwards, we will start seeing consumption doing pretty well across most of the categories. So players who have really established or have a strong foothold in terms of their products, in terms of pricing and target customers like Trent are doing exceedingly well."
How much health insurance do you need in your 30s? Know how to choose the right medical insurance policy
There are several benefits you will get for buying a health insurance policy in your 30s. You will get a comprehensive health insurance cover at an affordable price. How much health insurance coverage do you need in your 30s? What are the things to look at while buying health insurance cover? ET Wealth Online explains
Coforge, Trent, PolicyBazaar among top 6 stocks in Nifty Midcap index which touched fresh 52-week highs
Several stocks within the Nifty Midcap index reached new 52-week highs, indicating their potential for growth and generating enthusiasm among investors. Among those, Coforge, Trent, Lupin, PB Fintech, Zydus Lifesciences, and Aditya Birla Capital attracted significant attention, demonstrating their strengths in their respective sectors. These achievements reflect the dynamic nature of the market and the potential for attractive returns. Investors are advised to stay updated and conduct thorough research before making investment decisions.
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