ALPHA WEALTH MANAGEMENT
Decoding momentum funds: What you need to know
Momentum funds select stocks based on recent performance for continuity. The 17 funds in this category include both index funds and ETFs, with a tracking error of 0.3 to 0.5% in passive funds. High-risk investors are ideal for these funds, with recommended asset allocation of 80% in equity and 20% in debt, says Chirag Muni.
Huge flows into sector, thematic MFs make wealth managers edgy
As per data from Franklin Templeton, sectoral and thematic funds garnered ₹70,072, or 31% of the total net inflows of ₹2.27 lakh crore, in the past 12 months. This helped make sectoral funds the second-largest equity mutual fund category after flexi-cap funds, with assets of ₹3.37 lakh crore, constituting 13% of the total equity mutual fund assets of ₹25.4 lakh crore.
MF Talk: Why smart investors are turning to multi-asset portfolios
Investors aiming to maximize 'alpha' are going for multi-asset portfolios with strategic asset allocation. Chirag Muni of Anand Rathi Wealth discusses the importance of asset allocation for portfolio performance and capital protection.
Neo Asset raises Rs 2,575 cr for Credit Opportunities Fund
Neo Asset Management has closed its first Special Credit Opportunities Fund, raising ₹2,575 crore from high-net-worth individuals and family offices. The fund targets a gross internal rate of return (IRR) of 22-24% by investing in non-triple-A-rated companies with operating profits.
Best small cap mutual funds to invest in June 2024
Small cap schemes invest in very small companies or their stocks. According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks.
Did you miss these wealth creators? Top 40 index funds give 50-100% returns in 1 year
Index funds gain popularity, with AUM rising 30% to Rs 9.6 lakh crore in a year. Over 40 funds yield 50-100% returns. Index funds offer low-cost and straightforward equity market exposure.
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ETMarkets AIF Talk: Fund Manager with Rs 1,000 cr portfolio nearly doubles wealth in a year; holds 10% cash amid election uncertainty
Arun Chulani, Co-Founder of First Water Capital, discusses the fund's impressive performance, achieving over 90% growth in the last year and 40% CAGR in 3 years. The fund has consistently ranked no.1 on BarclayHedge's Top 10 equity funds. he says: "Our performance is a reflection of our core philosophy, which starts with value, concentration, and betting on a country with long-term tailwinds—that of India."
What is an 'alpha' in a portfolio? Why is it important?
Learn about the importance of alpha in investing and how it relates to active management. Chirag Muni of Anand Rathi Wealth explains how alpha measures excess returns against benchmarks, emphasizing the value it adds to investment decisions. Muni says alpha on a standalone basis may not be enough as one also needs to factor in risk, this is where beta comes into the picture.
Is it wise to invest in the largecap category now?
Small & midcaps have been giving double-digit returns in the past few years. It has led to many investors running towards the two categories relentlessly but it does not mean that the footing of large caps is not strong enough.
Best flexi cap mutual funds to invest in May 2024
Best flexi cap mutual funds: 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.
ETMarkets PMS Talk: This fund manager doubled wealth in FY24; turns 50 lakh into Rs 1.14 cr in 2 years
Prabhakar Kudva shares insights on Active Alpha's growth, market outlook for FY25, sector preferences, valuation concerns, and ideal investment horizon of at least 3 years for equities. Kudva further says that they invest on the basis of their data backed quant model named “Sattva” which throws several ideas at them.
Investing in passive funds? Keep it simple and don’t overthink: Pratik Oswal
Pratik Oswal emphasizes simplicity in passive funds like ETFs and index funds, suggesting investing without overthinking. He highlights the dominance of Nifty 50 and Sensex in passive funds due to pension funds' influence. Oswal recommends keeping basics in the portfolio. He also says, small and midcaps offer a lot more stability now than they did say 5 or 10 years ago.
AIF Performance: Rational Equity, Prudent Equity almost double investors’ wealth in FY24; nearly 30 funds rose more than 50%
AIFs are regulated by the Securities and Exchange Board of India (SEBI) and can be formed as a trust, company, or Limited Liability Partnership (LLP). The minimum investment for an investor in an AIF is Rs. 1 crore.
3 PMS funds doubled HNI investor wealth in FY24, stars missing in top 10 list
3 PMS funds doubled HNI wealth in FY24. Invasset's Growth Pro Max leads with 128% return. Green Lantern Capital, Asit C Mehta's ACE Multicap follow. Samvitti Capital's Active Alpha, Ambit Global's Alpha Growth, Carnelian's YNG Strategy, Investsavvy's Alpha Fund, Bonanza Portfolio's Value fund, Equitree Capital's Emerging Opportunities scheme in top 10. 330 out of 334 PMSes exceeded Nifty50 TRI.
If you can digest volatility, a midcap fund can give better returns over the next five years: Prashant Khemka
Prashant Khemka of White Oak Capital Management discusses alpha opportunities in midcaps and smallcaps across various sectors. He emphasizes the importance of balanced sector composition, market corrections, and the potential for higher returns from midcap funds. He says: "In our portfolio, we have consumer staples, technology, discretionary, materials names, banking and financial, real estate, and healthcare stocks across the board."
ASK Hedge Solutions launches Absolute Return Fund
ASK Absolute Return Fund is an open-ended Category III Alternative Investment fund, looking to raise Rs 3,000 crore, with approximately Rs 1,000 crore in the next 6 months.
64% of equity mutual funds outperform respective benchmarks in February
According to the study, AUM (assets under management) of equity mutual funds has surged by 2.76% to Rs 23.12 lakh crore in February from Rs 22.50 lakh crore in January.
Women’s Day Special: 7 women PMS fund managers handling Rs 3,500 crore of HNI money
Devina Mehra, Deepali Jose, Geetika Gupta, Sonam Srivastava, and Vaishali Pitale are successful female fund managers in the wealth management industry. They have achieved significant success in managing assets and delivering impressive returns.
No need to panic; SEBI as a regulator will always be a little more cautious: Feroze Azeez
According to Feroze Azeez, Deputy CEO, Anand Rathi Wealth, SEBI's notification to smallcap fund managers is part of a larger move to improve liquidity and protect investors. The risk-reward ratio needs consideration before investing in small and midcap stocks. SEBI's directive may enhance institutional research in the under-researched Indian capital market.
Brookfield, GIC, Alpha Wave eye Blackstone company PGP Glass
The buyout funds are competing with PAG and Apollo Global Management who are still believed to in the fray but not that aggressive as the top three. Alpha Wave -- previously Falcon Edge Capital, has so far been a big backer of Indian start-ups like Lenskart, Off Business, Cred, DailyHunt, Cars 24, Dream 11 as well as global marque brands and ventures like Aman Resorts, Didi, Space X, Ant and Alibaba Group.
How to maximize wealth in the new tax regime, explains Sahil Kapoor, Sr. Executive VP at 360 ONE Wealth
Before April 2023, debt mutual funds and market-linked debentures were the go-to options for investors, offering tax efficiency and solid post-tax returns ranging from 7% to 8%.
Best Fund Managers: 10 fund managers who have generated most wealth for investors in six years
In this year’s Best Fund Manager rankings, ET Wealth have tied up with investment research platform, PrimeInvestor, to shine the spotlight on 10 such individuals, who have delivered healthy outcomes to investors in the long run. Here are the fund managers who generated the most wealth for investors between 2018 and 2023.
If we don’t make it large next 10 years, we will miss out on a very large opportunity: Amit Jeswani
“Markets are typically volatile when political risk is there. But FIIs have been sellers. Out of the last seven years, FIIs have been buyers for one year. When FIIs come back, a new growth stock, a new story will get created and stocks can rally multiple times. Look at growth. Look at companies who can do 30%, 40% growth that is where big money can be made.”
Expected downward shift in yield curve warrants higher allocation towards bonds: Motilal Oswal Private Wealth
"The current inclusion of India into the JPMorgan bond index is likely to put a cap on yields in the medium to short term and will also ease out once we start receiving inflows. Softening in government bond yields across tenures could lead to a downward shift in India’s yield curve, aided by expectations of a shallow rate cut of 50-75 bps starting from Q2 FY25."
Blackstone-backed ASK expands AIF suite with risk-adjusted return funds
“We understand that compounding our investors’ portfolio returns in the long term involves capitalizing on diverse investment opportunities, including hedging against market risks. In India, the opportunity for alternates is untapped and has immense potential for growth, with the total market size poised to grow beyond $50 billion,” Sunil Rohokale, Managing Director & CEO, ASK Group, said.
ETMarkets Fund Manager Talk: Nimesh Chandan identifies 6 megatrends that can create long-term wealth
"India is currently in a favourable position compared to both developed and emerging nations. However, there is a possibility of FPIs selling their investments in India if there is a global risk-off situation. Despite India’s strong macroeconomic fundamentals, external factors like concerns in the US banking sector, elevated crude oil prices, high inflation, and a sustained “higher for longer” policy rate can have an impact."
Feroze Azeez on what Jio Financial will mean for AMCs and Anand Rathi Wealth
"Reliance jio will be competing with large book size NBFCs like Bajaj Finserv who are in actual granular lending in Bharat, not in India. Anand Rathi has presence in 11 different businesses and their aspiration of NIM, of my sister company, is 1.2%. We are anyway not playing the NBFC game. I personally think they will actually expand the universe more from an asset management standpoint. So from an asset management standpoint, it is great news."
ETMarkets Fund Manager Talk: A bottom-up & top-down combo strategy helped this PMS manager generate alpha returns
We have witnessed a strong rally in equities since April 2023 after lacklustre market returns over the last 18-24 months. After two years of subdued returns, we could witness strong returns this year or the next.
Diversify into uncorrelated asset classes to generate long-term alpha: Manu Awasthy, Centricity Wealth
Having spent more than 2 decades in the wealth management industry, Awasty sees technology platforms driving hyper growth for the industry in the coming years.
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