ADITYA BIRLA SUN LIFE AMC LTD Q3 RESULTS
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.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
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.
Raging bulls of India: D-Street dances to RBI record
The key index closed at a record 22,967.65, up 369.85 points or 1.64%, after hitting a peak of 22,993.60 during trade. The BSE Sensex rose 1,196.98 points, or 1.61%, to end at 75,418.04.
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Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore
Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.
Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that'll announce earnings
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies.
Midcap funds offer 5% return in Jan-March quarter; Quant offers 13% return
The midcap mutual fund category showed varied performance in the January-March 2024 quarter, with several schemes outperforming their benchmarks. Investors should consider long-term horizons for mid cap investments to manage volatility effectively.
Know Your Fund Manager: Mahesh Patil, CIO, Aditya Birla Sun Life AMC
The market dynamics and the challenges of the unknown makes this job exciting but also a humbling experience as I believe the market is a great leveller.
Canara Bank to sell 13% stake in Canara Robeco MF via IPO
The stake sale via IPO awaits approvals from the RBI, finance ministry, government, Canara Bank said in an exchange filing
Kotak Equities downgrades multibagger HDFC AMC, upgrades Aditya Birla Sun Life to Add
The company's outperformance over its peers is fully priced in at the current valuations, Kotak said in a note as it slashed the stock's fair value to Rs 3,750, a 1.5% climbdown from Tuesday's closing price of Rs 3,811.
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."
Promoters to offload over 11% stake in Aditya Birla Sun Life via OFS on March 19-20
Aditya Birla Sun Life AMC promoters to sell stake via OFS to meet 25% public float rule. Sebi mandates compliance for all listed companies. AB Capital holds significant stake in AB Sun Life.
RK Swamy IPO has lots going for a good bet
Out of the total proceeds from the issue, the company plans to utilise ₹87 crore for working capital needs and ₹33 crore to develop IT infrastructure. In addition, the company plans to invest ₹21.7 crore to set up customer experience centres, and ₹10.9 crore for computer-aided telephonic interview centres and digital video content production studios.
Earnings season ends today. M&M, Muthoot Finance among 620 companies to announce Q3 results
Among other important results will be those Aditya Birla Fashion and Retail (ABFRL), Crompton Greaves Consumer Electricals, Eureka Forbes, IPCA Laboratories, KPI Green Energy, Liberty Shoes, Natco Pharma, National Fertilizers, Narayana Hrudayalaya, PTC India, Rajesh Exports, Rana Sugars, Reliance Capital, Sun TV Network and Wockhardt.
Aditya Birla Sun Life Digital India Fund generates Rs 3 crore in 23 years: Wealth Creation Study
In a five-year horizon, the SIP investments in the scheme offered an XIRR of 26.80% compared to 19.02% by its benchmark (S&P BSE Teck TRI). In the three-year horizon, the SIP investments in the scheme offered 19.16% returns compared to 12.69% by its benchmark (S&P BSE Teck TRI).
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
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.
Q3 results today: HCL Tech, Wipro among 18 companies to announce earnings
Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand.
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."
Is this the right time to invest in US bonds? Kaustubh Gupta explains
Aditya Birla Sun Life Mutual Fund (ABSLMF) has launched two open-ended fund of funds that invest in US treasury bonds with maturities between 1-3 years and 3-10 years. The Co-head of Fixed Income at ABSL AMC, Kaustubh Gupta, states that investing in US bonds makes sense due to their relatively cheap valuation and the expectation that the Federal Reserve is nearing its peak rates. Investing through mutual funds in the ETF route allows for ease of investment and diversification in risk-off scenarios.
Phoenix Mills, Bharti Airtel among 6 stocks with bearish RSI trends
ETMarkets examines the intriguing combination of overbought stocks with declining RSI trends and highlights 6 stocks for investors to watch closely.
Fintech threat might be overrated. Is it better to own both the mutual fund and their parent company?
Some time back, the entry of a well known startup founder into the mutual fund space led to lots of chatter on the street about how he would be able to use technology to change the face of the mutual fund industry. The reality is very different, the mutual fund house hardly has any significant AUM after being in business for some time. The narrative was based on the experience which Street had in the broking industry, where the startup and tech led discount brokers were able to become the largest brokers in a short span. But in mutual space, the operating matrix is very different and fin-tech might be overrated.
Ujjivan SFB, Aavas Financiers among 4 stocks with RSI bearish
Discover how to spot potential market reversals as we explore 4 stocks that are in the overbought zone but show bearish Relative Strength Index (RSI) trends. ETMarkets investigates the importance of RSI in stock analysis.
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.
Stocks soar! Zee Entertainment among 5 stocks which have crossed 200-day SMA
Crossing the 200-day SMA is a significant technical indicator for investors, as it may signal a potential uptrend in the stock's price movement
Q4 results this week: Nestle, Bajaj Finserv, Maruti, Tech Mahindra, Axis Bank and others
Widely tracked companies like IndusInd Bank, Nestle, Bajaj Finance, Maruti Suzuki, HUL, Axis Bank, Wipro, Tech Mahindra, Kotak Bank and Bajaj Finserv would be releasing their March quarter report cards this week.
Aditya Birla Sun Life AMC Q3 Results: PAT drops 11% YoY to Rs 166 crore
Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing.
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