ADITYA BIRLA SUN LIFE SILVER ETF TAXATION
Aditya Birla Sun Life Quant Fund NFO collects over Rs 2,400 crore
Aditya Birla Sun Life Quant Fund's NFO raised Rs 2,416 crore, attracting 1,23,762 investors. It's an open-ended equity scheme based on Quant themes. NFO ran from June 10-24, with allotment on June 28 and reopening for subscription on July 1.
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.
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.
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.
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%.
Two debt mutual funds deliver over 7% return in one year. Should you break your bank FD?
Liquid and money market funds have outperformed the one-year fixed deposit rate of 6.8%. Liquid funds yielded 7.13% returns, while money market funds delivered 7.15% over the past year.
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Odisha's richest Lok Sabha election candidate owns 59 mutual fund schemes
Santrupt Misra, a BJD candidate for the Cuttack Lok Sabha Seat, declared investments in 59 mutual fund schemes. Notably, he holds significant stakes in various funds, including those from Aditya Birla, Axis, Bandhan, HDFC, ICICI Prudential, SBI, Kotak, Mirae Asset, and Bharat Bond ETFs.
Aditya Birla Sun Life Mutual Fund launches Nifty PSE ETF
The scheme will be benchmarked against the Nifty PSE Index. The scheme will be managed by Haresh Mehta. The units of the scheme shall be compulsorily traded in dematerialized form and hence, there shall be no exit load for the units purchased or sold through stock exchanges.
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.
NFOs of Sundaram Multi Asset Allocation Fund, 4 Tata Mutual Fund ETFs open this week; should you invest?
Five mutual fund NFOs or new fund offers are open for subscription this week. Should you invest in these NFOs to maximise your portfolio returns?
Top 20 equity mutual fund schemes offer over 45% in 2023
ETMutualFunds also compared the performance of these 20 equity schemes with their respective benchmarks. Out of these 20 schemes, four schemes have failed to beat their respective benchmarks.
2024 elections coming, have a mix of equity & debt in portfolio: A Balasubramanian
“Investing in smallcaps is not an issue, but you come with the time frame of five years. If you come to the largecaps, assuming a three-year period, then smaller midcaps have to be for a longer period. Therefore, the money that comes for a longer term, we cannot deny it.”
Gold funds offer 7.76% in one month; topper offer 11%
The schemes are benchmarked against Gold-London Bullion Market association (LBMA), Gold-India, Gold-London AM, and FTSE Gold Mines. Gold-London AM gave around 9.60% in one month.
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.
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.
ABSL Mutual Fund changes fundamental attribute of Aditya Birla Sun Life Focused Equity Fund. What should you do?
The fund house will offer an exit window to the unit holders of 30 days from September 14 to October 13. During the exit option period, unitholders who do not consent to the change may either switch to any other scheme of the fund house or redeem their investments at applicable NAV without payment of exit load subject to provisions of applicable cut-off time as stated in the SID of the scheme.
Will the entry of Jio Financial impact bottomline of listed mutual fund players or will it be business as usual?
If one looks at the history of the Indian mutual fund industry, it has faced multiple challenges. The next big challenge would be the entry of Jio financial services in the mutual funds space. The newest entrant has made its intent clear, digital first, schemes with lower load and expense ratio. Will this make players have a look at their expense ratio and impact the bottomline?
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.
MFs cut expense ratio, share of equity to woo conservative investors
"Post fixed income taxation change, we have positioned equity savings funds as an alternate fixed income product to meet conservative investors' demand," said A Balasubramanian, MD of Aditya Birla Sunlife MF. "Given the fact it will have 10% exposure to equity and the rest will be spread between equity arbitrage and fixed income instruments, we also wanted to keep the expenses at a level which will be fair to investors," he said.
Ad sales rebound boosts Meta’s Q2 earnings; bumper listing for Netweb Technologies
A bounceback in the digital ads business has helped Meta Platforms beat market expectations with a double-digit rise in both revenue and profit in the second quarter. This and more in today’s ETtech Top 5.
Challenges are sometimes reforms? 4 AMC stocks with “buy” recos with upside potential up to 54 %
From being a must have in portfolio, AMC stocks have seen a long phase of underperformance and now clean out block trades. A headline which says that SEBi has delayed making changes in TER makes AMC stocks move up sharply. A delay in what appears to be a challenge, is enough to bring back interest on the counters. Is it an indication that once the “ challenge” is out of the way, these stocks will again regain their valuations back.
Aditya Birla Sun Life mutual Fund merges ABSL International Equity Fund and ABSL Commodity Equities Fund - Global Agri Plan
The two schemes will be merged and Aditya Birla Sun Life International Equity Fund - Plan A will be the surviving scheme.
Will AMC stocks prove analysts wrong? 4 bets with “buy” recos with up to 17% upside scope
From being a must have in portfolio to a long phase of underperformance and now clean out block trades and re-bidding for stakes have brought AMC stocks back into limelight. Is this correction a buying opportunity or will the analyst be right this time.
International funds offer 10% returns. Did you make money?
Out of 68 international schemes that are in the market, 30 schemes offered double-digit returns in this year till date. 24 schemes offered single-digit returns and 14 schemes gave negative returns.
Silver mutual funds down 4% in one month. What should investors do?
After dazzling investors with impressive returns in the one year, these schemes that track the precious metal are down 4% in one month. Should investors be bothered about the recent weakness in the precious metal fund?
Mutual funds making voices heard loud and clear at companies
The proportion of MFs voting against was 4.58% in FY22, 2.33% in FY21, and 3.62% in FY20. Between FY15 and FY19, the proportion of votes in which MFs voted against was an average of 3%.
Silver ETF: Should you buy it as silver prices soar?
Silver ETFs also have an advantage over SIlver futures which are also traded on the exchanges. The former is traded on exchanges in the form of stocks, Solanki said. Trading in silver futures and for that matter any derivative is complicated while ETFs are much simpler to understand, he added.
Aditya Birla Sun Life Mutual Fund launches Nifty Financial Services ETF
The Nifty Financial Services Index is a well-diversified portfolio that goes beyond conventional banking and includes - insurance, wealth management, stock broking, payment platforms, etc.
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