DSP WORLD ENERGY FUND
Brookfield to buy controlling stake in Leap Green for $550 million
Brookfield has made a significant equity investment of over $200 million in Leap Green Energy, a renewables platform based in Tamil Nadu that focuses on providing clean energy solutions to commercial and industrial customers. This investment includes an option for an additional $350 million to support future growth, aiming to exceed 3 GW capacity in the next four to five years.
Mutual funds bet on energy theme to ride India’s growth
Prashant Mahesh advises high-risk takers to consider the ICICI Prudential Energy Opportunities Fund, closing July 16, with a ₹5,000 minimum investment and 1% exit load within three months. Managed by Sankaran Naren and Nitya Mishra, it’s benchmarked to Nifty Energy TR Index. Rising energy needs and sector participation offer growth, but new investors should diversify.
These 13 equity mutual funds lost the most in first six months of 2024
Around 13 equity mutual funds offered negative returns in the first six months of 2024. There were around 583 equity schemes in the market in the said time period, according to the data from ACE MF.
These unlucky 13 equity mutual funds lost upto 20% in the first half of 2024
In the first half of 2024, 13 international equity mutual funds had negative returns. HSBC Brazil Fund lost 19.65%, Mahindra Manulife Asia Pacific REITs FOF 14.27%, Kotak International REIT FOF 8.71%, Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF 8.11%, DSP World Agriculture Fund 4.27%, DSP World Energy Fund 3.42%, DSP World Mining Fund 1.
World’s most volatile big stock is rocking Indonesia’s market
Indonesia's stock market faces turmoil as PT Barito Renewables Energy's volatility alarms investors. Foreign capital outflows increase due to uncertainties in fiscal policy and a weak currency, triggering downgrades by major financial institutions.
World Bank lends $1.5 billion push to power green hydrogen market
India's energy transition supported by the World Bank includes green hydrogen promotion, renewable energy scaling, and grid code amendments for enhanced integration of battery energy storage solutions.
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Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
UAE's Alterra commits $1 billion to Brookfield’s climate fund
The $5-billion Catalytic Transition Fund (CTF) managed by Brookfield Asset Management receives a $1-billion commitment from UAE's Alterra Management Limited to invest in clean energy and transition assets in emerging economies.
RE firm Candi Solar secures USD 38 mn funding
Renewable energy company Candi Solar has secured $38 million in a series C funding round led by Norfund, Kyuden International, and STOA. This funding will support Candi Solar's expansion in India and Africa, financing an additional 200 MW of solar projects and supporting strategic hiring. The company currently has a portfolio of 112 MW of green energy projects.
This large-and mid-cap equity mutual fund gave 18.5% returns in five years; should you invest?
Canara Robeco Emerging Equities: This fund shifted its positioning from a mid- and small-cap offering to its current large- and mid-cap mandate a few years ago. It retains preference for businesses with improving fundamentals or experiencing temporary setbacks. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
Pakistani Prime Minister Sharif meets China's Xi in Beijing ahead of IMF talks
China's President Xi Jinping met Pakistani Prime Minister Shehbaz Sharif in Beijing, affirming China's support for Pakistan's sovereignty and economic development. The meeting occurred ahead of Pakistan's annual budget and anticipated IMF loan application. Pakistan's strategic location on the Arabian Sea is vital for China's trade routes. Pakistan owes China $27 billion, nearly 13% of its total debt, mainly for infrastructure projects. Xi emphasized the importance of the China-Pakistan Economic Corridor and called for enhanced security for Chinese projects, following a recent attack on Chinese engineers.
Major world economies seek to halt new private sector coal financing
OECD plan instructs financial institutions to stop funding coal projects. Calls for financing early closure of coal plants and supporting clean energy. Policy aims to set a standard for dealing with coal infrastructure.
China risks trade war on two fronts as low-tech exports soar, too
Rising trade tensions as the EU, US, and potentially Canada impose tariffs on Chinese electric vehicles, are impacting global trade dynamics.
Dilemma before mutual funds investors: Buy now or wait till election results?
Mutual fund investors face a dilemma amidst volatile stock market conditions during Lok Sabha elections. Fear of correction at peak market levels and FOMO driving sectoral/thematic funds. Analysts recommend balanced advantage funds, asset allocation funds, and hybrid funds for moderate risk appetite investors.
Indian stocks, bonds and rupee set to gain as polls show landslide BJP win
While the final results might differ from the exit polls, the strength of the projected victory is expected to benefit risk assets. Should the June 4 results align with the exit polls, analysts expect the NSE Nifty 50 Index to reach a new record
Cryptoverse: Miners trudge through post-halving world
Bitcoin miners face challenges with halved mining rewards, increased difficulty, and competition from ETFs. Marathon Digital and Riot Platforms have seen stock drops amid bitcoin's price surge.
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
Foreign-themed mutual funds rally up to 80% in a year. Should you go international?
International funds, including top performers like Mirae Asset NYSE FANG+ETF FoF, showed strong growth. However, concerns arise with Sebi's restrictions on overseas ETF investments and varying earnings growth in indices like Hang Seng and CSI 300.
Tax incentives can help enhance adoption of sustainability manufacturing: Experts
Financial incentives like tax breaks and subsidies can boost the adoption of green manufacturing practices. Experts emphasize the need for sustainable supply chains and investments in energy-efficient technologies. Companies are increasingly focusing on sustainability, with Indian firms leveraging sustainable loans and investing in recycling.
Sectoral, thematic mutual funds among top gainers in 2024 so far. Should you invest?
PSU theme based gave the highest average return of around 25.56% in 2024 so far, followed by infrastructure funds which offered an average return of 18.14%. Energy and power based funds gave 16.03% average return.
China’s factory glut alarms the world but there’s no quick fix
Complaints about China's factory overcapacity are growing, but Beijing is hesitant to make changes that could harm its fragile economy. The EU criticized China for overproduction, urging action in the short term. China announced plans to slow expansion in the battery industry, but they are not binding. The country insists its industries are competitive due to innovation, not subsidies, and will continue supporting high-tech sectors despite international pressure. China's surplus production, stemming from a real estate slump, poses challenges.
ETMarkets Fund Manager Talk: Earnings risk can disrupt stock boom, says Vinit Sambre of DSP Mutual Fund
Vinit Sambre highlights risks to earnings growth from weak consumption trends and potential reduced government spending, impacting the market. Retail liquidity drives smallcaps rally, with investors optimistic about sustained growth amid election sentiments and FOMO. Sambre says: "Any potential downward revisions in earnings forecasts could pose a risk of corrections in the market over the next 2-3 quarters."
Equity mutual funds deliver up to 13% return in April. Have you invested in any?
Equity mutual funds recorded varying returns in April. Among the 488 schemes, HDFC Defence Fund stood out with a 12.56% return, while Edelweiss US Technology Equity FOF suffered the most with a loss of 5.14%.
Energy, power-based equity mutual funds deliver up to 10% in one month. Should you invest?
Energy & power based mutual funds gave an average return of 8.39% in the last one month, data crunching by ETMutualFunds showed. There were around four schemes in this category that have completed one month or existence in the market.
Banks providing a good platform to invest in India's growth story: Vinit Sambre
I think clearly we have come out with a very strong growth phase over the last two years or three years in terms of the earnings momentum and we saw that these earnings were really driven by top line post the pandemic and then in the second phase it was the margin expansion.
Market expectations will have to be recalibrated over the next 12 to 24 months: Sahil Kapoor
Sahil Kapoor from DSP Mutual Fund discusses market recalibration due to slowing top-line growth, peak profit margins, and the need to reassess high earnings multiples in small and midcap stocks over the next 12 to 24 months. Kapoor says: "The market is building up a very large earnings growth trajectory over the next one or two years or three years and some of those numbers appear to be a little shaky. "
These 2 sectoral MF categories gave over 20% return in 5 years; what's next?
ETMutualFunds analysed the performance of all equity mutual fund (MF) categories and found that two sectoral categories gave 23% each in the last five years. Take a look:
6 equity mutual funds have lost over 7% in 2024 so far. Have you invested in any?
There are 471 active equity mutual funds in the market as of February 2024 and around 150 of them offered negative returns, according to the data by ACE MF. Here are six equity mutual fund schemes that lost over 7% in 2024 so far.
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