EQUITY FUND
Best aggressive hybrid mutual funds to invest in July 2024
Aggressive hybrid funds are one of the popular hybrid mutual fund categories. These schemes are mandated to invest in a mix of equity (or stocks) and debt. As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better.
3 ELSS or tax-saving mutual fund turn Rs 1.5 lakh lumpsum investment into Rs 1 crore in 25 years
An analysis revealed that certain ELSS funds multiplied a Rs 1.5 lakh lumpsum investment to Rs 1 crore over 25 years. Investors can explore the details of these high-performing tax-saving schemes for potential wealth creation.
Banks, financial companies among MFs’ top picks, some exit PSUs
In June, mutual fund managers invested in BFSI, auto, and IT sectors, including companies like HDFC Bank, Shriram Finance, and Maruti Suzuki. They also selected consumer discretionary stocks such as Asian Paints and Havells India. There were notable exits from top-performing public sector companies' shares. This information is reported by Rajesh Naidu & Prashant Mahesh.
Retail chases reward over risk, equity MF folio additions hit a record in June
In June 2024, 4 million equity mutual fund folios were added, raising the total to 133 million, according to AMFI. Sectoral funds, contributing 37.84% of gross inflows and over 40% of new folios for a second month, spearheaded this growth.
Know Your Fund Manager: Harshad Patwardhan, CIO, Union AMC
From a prestigious academic background to managing millions, this financial whiz has conquered it all! Dive into the thrilling world of high-stakes investments with Union AMC's Chief Investment Officer.
AMFI seeks tax parity for debt funds, fund of funds
The Association of Mutual Funds in India has proposed tax changes for debt-oriented mutual funds and fund of funds in the Union Budget. They recommend a 10% tax rate without indexation, introduction of a debt-linked savings scheme, and a revision of the definition of equity-oriented funds.
Best focused mutual funds to invest in July 2024
According to Sebi norms, focused equity mutual fund schemes must invest in a portfolio of maximum 30 stocks. These schemes have no other restrictions when it comes to investing- like flexi cap schemes they can invest in any market capitalisations and sectors. If that investment strategy appeals to you, you can get to know more about focused equity schemes.
Equity mutual fund AUM jump by 23% in first half of 2024
Equity mutual funds' AUM rose 23% to Rs 27.67 lakh crore by June 2024. Sectoral/thematic funds grew 41%, multi-cap 30%, and large & mid-cap 26%. Mid cap funds rose 24%, value/contra 22%, focused 14%, ELSS 17%, and large cap 15%. Flexi cap funds rose 20% to Rs 4.01 lakh crore. This is not a recommendation.
Half of Rs 40,000 crore inflows into equity MFs came in sectoral and thematic mutual funds in June
Sectoral and thematic mutual fund categories contributed more than 50% to the total inflows in equity oriented schemes. Out of total inflows of Rs 40,608 crore in the equity mutual funds, around Rs 22,351 crore were from sectoral and thematic mutual funds in June.
Small cap mutual funds deliver highest return in 5 and 10 years. What should investors do?
Small cap funds have shown impressive returns over the last five and ten years, with potential for high volatility. Investment experts recommend caution and a long-term horizon for aggressive investors. Learn more about the risk and reward profile of small cap schemes.
Best tax saving mutual funds or ELSS to invest in July 2024
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
Who should consider a thematic or sectoral fund?
Thematic funds focus on specific themes like manufacturing, real estate, and energy, carrying higher risks due to concentrated investments. Investors are advised to build a core portfolio with diversified funds before considering thematic funds. Careful evaluation of market conditions is crucial for potential returns.
Rushing into high-return mutual funds could disappoint
Investors are heavily relying on past returns when investing in equity mutual funds, which can result in below-average returns. Analysts note a pattern of outperformance followed by underperformance in funds. Wealth managers recommend careful analysis before investing in funds that have significantly outperformed.
Record Rs 40,000 crore flows into equity MFs in June
The Indian mutual fund industry witnessed a surge in equity fund inflows in June, reaching a record ₹40,608 crore. SIP investments continued to grow steadily, while debt funds faced outflows. Total industry assets under management hit a new high of ₹61.33 lakh crore.
7 equity mutual funds offer over 20% return in 5 years
Seven equity mutual funds yielded over 20% returns in five years based on daily rolling analysis. Of 187 funds with five-year track records, top performers were small-cap-focused. Bank of India Small Cap Fund led with a 31.22% return, followed by Edelweiss Small Cap Fund at 28.69%.
Sebi tweaks norms for passive mutual fund schemes
Sebi has updated rules on investments by passively managed mutual fund schemes in sponsor group companies. The new norms restrict investments to 25% of net assets, except for equity ETFs and index funds.
These 6 largecap MFs turn Rs 5 lakh lumpsum investment into Rs 1 crore in 20 years
ETMutualFunds data reveals six large-cap mutual funds turned Rs 5 lakh into Rs 1 crore over 20 years. Notably, 11 funds have completed two decades. HDFC Top 100 Fund achieved Rs 1.51 crore, growing at 18.58% CAGR from Rs 5 lakh.
MFs’ share in total institutional equity hits a record
Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.
Best large & mid cap funds to invest in July 2024
As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.
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