ICICI PRU BLUECHIP GROWTH PROSPECT
How much is Indian MFs' exposure to US tech stocks & how have they performed? Prasad Sawant explains
Prasad Sawant from IIFL Securities mentions high returns from Mirae Asset and other US tech-focused mutual funds. Nvidia's success led to a 170% return. Indian mutual funds have exposure to US tech stocks like Microsoft, Apple, Google, and Nvidia.
MF Query: 50 years & planning retirement? 1.1 lakh monthly SIP can grow to Rs 3 cr in 11 years
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Firm global cues, gains in ICICI Bank drive Sensex 550 points higher; Nifty above 22,500
The BSE Sensex was trading 351 points or 0.48% higher at 74,082. Nifty50 was trading at 22,504, up 84 points or 0.38% at around 9.21 am.
MF Query: How to build a Rs 2 cr-portfolio in next 10 years
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This large cap mutual fund gave 15% returns in three years; should you invest?
ICICI PRU BLUECHIP: The biggest offering in its category, this large-cap fund emphasises on individual stock selection for outperformance rather than taking bold sector calls. It avoids the ‘growth at reasonable price’ segment and prefers a mix of ideas from two opposing themes. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
Foreign flavour helping mutual fund investors mint money as D-Street slows down
We considered all equity categories such as large cap, mid cap, multi cap small cap, flexi cap, focused funds, ELSS, large & mid cap, value, contra, and sectoral/thematic fund categories. We considered regular and growth options.
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Our aim is to continue to grow faster than the market: Ghazal Alagh, Honasa Consumer
On our newer brands, I think the ad spend used to be 80% until last year which has now come down to 46% and those are the kind of efficiencies that even going forward because it is a part of our business model itself, these efficiencies will continue to come in. It will take us some time to stabilise or commit to a number. That said, what we have been seeing in the past from 42% to 35%, we will continue to see those efficiencies coming in.
Sarkar Raj is here! 3 out of top 5 dominating sectors of Q2 are from PSUs
Nifty PSU Bank is in fact on the verge of a 13-year breakout to touch fresh lifetime highs on the back of good system-wide credit growth, stable asset quality, and attractive valuations. In between, Nifty Bank, which is dominated by HDFC Bank and ICICI Bank, is flat while the bluechip index Nifty has gained just 2.5%.
With 19.6% returns, this insurance stock outperforms its benchmark in 2023; should you invest?
The company’s 2022-23 annual report states that only 12% of the addressable population in India is covered by retail protection policies, which presents a high growth potential. Factors like low penetration, higher financial saving as a percentage of GDP, rising urbanisation, young population, growing awareness and encouraging regulatory reforms will boost the insurance sector. Analysts expect a better performance due to growth in protection segment and increased contribution of agency and direct channels in distribution. Should you invest?
ETMarkets Fund Manager Talk-Inflation unlikely a major cause of concern in medium term: Gautam Sinha, ICICI Pru Life
However, this time around neither is inflation going to be a major cause of concern nor will it lead to sharp rate increases, according to Gautam Sinha Roy, executive vice president and fund manager - equity at ICICI Prudential Life Insurance Co.
Nykaa faces FII wrath in June quarter, but domestic investors hold firm
Foreign portfolio investors cut down their stake in Nykaa to 9.93% as of June from 12.17% held in March
Sensex rises 400 points, Nifty tops 19,450 on firm Asian cues
Sector-wise, Nifty Auto surged 0.76% and Nifty Financial Services rose 0.56%. Banks, FMCG, pharma, realty, consumer durables, and healthcare sectors also opened with gains. In the broader market, Nifty Midcap 100 rose 0.43%, and Nifty Smallcap 100 gained 0.39%.
Sectoral Spotlight: LIC runs down insurance stocks in April. Here’s what lies ahead
India's insurance sector saw an 11% decline in Annual Premium Equivalent (APE) in April 2023 due to the rundown by the state-run Life Insurance Corporation of India (LIC). However, the long-term prospects of the sector remain strong as people are increasingly viewing insurance schemes as a risk-mitigation necessity, rather than just a tax-saving or investment tool. While LIC reported a 25% drop in overall APE, HDFC Life was relatively strong, as ICICI Prudential Life was weak and SBI Life Insurance Company was moderately down. Kranthi Bathini, Director-Equity Strategy at WealthMills Securities, suggested that the outlook for the insurance sector should improve by Q2/2024.
Ahead of Market: 10 things that will decide stock action on Monday
Stocks plunged on Friday, with the Dow Jones Industrial Average suffering its worst one-day loss since the throes of the pandemic, as the latest raft of corporate earnings and the prospect of rising rates spurred a wave of selling. The Dow fell 981.36 points, or 2.8%, to 33,811.40. The S&P 500 was 2.8% lower at 4,271.78, for its worst day since March.
91% large cap funds failed to beat their benchmarks in seven-year horizon
Among equity mutual funds category, the large cap category was the worst hit. Around 91% of the schemes underperformed in the seven-year horizon.
50 mutual fund schemes completed 25 years this year. How much returns did they offer?
The oldest equity scheme is the UTI Mastershare Fund, a large cap fund, that was launched in 1986. The oldest fund in the debt category is JM Medium to Long Duration which was launched in 1995.
ICICI Pru AMC's Anand Shah on investment strategy to adopt now and the change in market bias
“While many consumer-facing businesses are struggling on margins now, many manufacturing businesses are expanding margins and growth beyond India also. So would it be back to normal? My belief is that we will see more earnings growth rate and improvement in return on equities in manufacturing, which should drive the multiples in that segment also.”
Dipan Mehta on one thing that works in market now & where to get it
“Only three things work in the market; growth, growth and growth. That is all. We are chasing that and at this point of time, growth is available at reasonable valuation. It is a simple mantra one can follow and one cannot go wrong over there. ”
Can I invest in ICICI Prudential Bluechip Fund?
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Keep your cool; bet on BFSI, organized retail, chemicals: Jitendra Arora, ICICI Pru Life
ICICI Prudential Life Insurance’s EVP Jitendra Arora’s advice for investors is to keep a cool head amid such volatile markets. “Investors should not react to noise around these factors while making their investment decisions. They should continue with their regular premium payments and not take any extreme steps,” Arora said in an interview to ETMarkets.com.
Will these mutual funds help me make Rs 6 crore?
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ICICI Prudential AMC launches industry's first auto ETF
The open-ended ETF will track the Nifty auto index and will also more or less reflect the behaviour and performance of the automobile segment.
Would HDFC Bank, Bharti Airtel make good bets now? Sandip Sabharwal answers
“Bharti Airtel could remain somewhat weak in the near term till the fund raising gets through but longer term it should do well.”
ICICI Pru Nifty Low Vol 30 FoF is loaded on blue chips and low on volatility
High-net-worth investors eyeing a low-cost, smart beta product for their large-cap equity portfolio can consider the ICICI Prudential Nifty Low Vol 30 FoF.
Equities to give low-to-mid double-digit returns in 5 years, says Prashant Jain
Prashant Jain said the market is not yet excessively valued and that from a medium to long-term horizon, it still holds a lot of promise.
ICICI Pru AMC shops for online, insurance & realty stocks
Shares of ICICI Bank, Axis Bank, Coal India, Info Edge and HDFC gained between 2 per cent and 15 per cent last month, while those of Matrimony.com, ITC, Sun Pharma and Airtel declined up to 7 per cent.
How can I reduce the number of schemes in my mutual fund portfolio?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Will these mutual funds help me to create Rs 1 crore in 10 years?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
ICICI Pru Focused Bluechip: A solid performer in the large-cap space
In the past three-year and 5-year periods, the scheme has delivered 12% and 17% returns, respectively.
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