LISTING OF SBI MF
Bain Capital-backed Emcure Pharma mobilises Rs 583 cr from anchor investors
Emcure Pharmaceuticals has allocated 57.8 lakh equity shares to 48 funds at the upper end of the IPO price band, raising Rs 582.6 crore. The public subscription for the IPO will commence on July 3rd and conclude on July 5th.
Stanley Lifestyles lists at 34% premium
The IPO consisted of a fresh issue of ₹200 crore and an offer for sale of 91.3 lakh shares aggregating to ₹337 crore on the upper price band. The offer was subscribed 96.98 times on its final day of bidding on June 25.
Looking at 4 buckets in auto thematic fund; avoiding auto financiers: Tanmaya Desai, SBI MF
Fund manager Tanmaya Desai says that SBI MF is not looking at the auto financiers or the logistics companies. But at the same time, the fund does permit him to evaluate up to 20% in some of those stocks which can be a corollary to the auto opportunity in general.
Infra and defence mutual funds dominate returns chart in first half of 2024
The first half of 2024 showcased the dominance of infrastructure and defense-based mutual funds in the market. While some international funds faced challenges, strategic investment decisions were crucial. Diverse performances emphasized the need for a well-rounded portfolio strategy to navigate the market effectively.
MFs cut weight on technology stocks by 170 bps in just 3 months. What are cues for investors?
In May, several MFs reduced tech stock weights by 0.1%-0.9%, with HSBC making the highest cut at 0.9%. HDFC MF, Mirae, and Franklin Templeton increased weights by up to 0.2%.
Best aggressive hybrid mutual funds to invest in June 2024
If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to ‘conservative’ equity investors to create wealth to achieve their long-term financial goals.
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Best aggressive hybrid mutual funds to invest in May 2024
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. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility.
From lakhpati to crorepati: 3 mutual fund schemes that turned Rs 1 lakh to over Rs 1 crore in 3 decades
Mutual fund investors look for schemes that multiply their investments twice or thrice. An ETMutualFunds analysis found that three equity mutual funds turned Rs 1 lakh to Rs 1 crore in 30 years.
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%.
Value, contra mutual funds offer up to 80% return in one year. Should you go for value investing?
Value and contra mutual funds demonstrated strong performance, with top schemes offering impressive returns. Analysts suggest a long-term investment horizon for value funds, emphasizing careful stock selection and diversification across asset classes for effective risk management.
25 equity mutual funds consistently beat their benchmarks in 3, 5, 7 & 10 years
Around 25 equity mutual funds consistently beat benchmarks in various horizons, including ELSS, value, flexi cap funds. Market cap based schemes like large cap, mid cap, ELSS, flexi cap showed strong performance. Investment decisions should consider multiple factors beyond past performance.
5 large & midcap mutual funds with highest 1-year returns
In March, large & midcap mutual funds attracted Rs 3,215.58 crore in net inflows, ranking second among equity MF categories. Throughout Q1, investors injected over Rs 8,700 crore into these schemes. Analysis reveals 29 active schemes in this category, averaging 44.27% returns over a year, slightly below benchmarks' 44.88%.
MF Query: How to build a Rs 2 cr-portfolio in next 10 years
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
Best medium to long duration funds to invest in March 2024
There are no changes in the list this month. All the schemes fared well. Please follow our monthly updates to keep track of your investments.
Mutual fund equity AUM surges 46% to Rs 23.12 lakh crore. Did you make money?
The total assets under management of equity mutual funds surged by 46% in FY24, an analysis by ETMutualFunds showed. The asset under management for equity mutual funds in April 2023 was at Rs 15.84 lakh crore and it increased to Rs 23.12 lakh crore in February (last available data), according to the monthly data released by AMFI.
Best aggressive hybrid mutual funds to invest in March 2024
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.
Sebi stress test: Top mutual funds reveal how long can it take to liquidate portfolios
The largest scheme in the smallcap category, Nippon India Small Cap will take 27 days to liquidate 50% portfolio, while Quantum Smallcap Fund, the smallest scheme in the smallcap category, will be able to liquidate 100% of its portfolio holdings in one day.
MF February AUM stands at Rs 55 lakh crore: List of top 10 mutual fund houses
The fund house manages a maximum asset size of Rs 9.21 lakh crore as of February 29, 2024. The AUM of the fund house witnessed an increase of 2.07% on a month-on-month (MoM) basis as compared to Rs 9.02 lakh crore in January. The 32-year-old fund house manages 119 mutual fund schemes.
Euphoria fizzling out? MFs exit 10 smallcap stocks in February, reduce exposure in 17 others
Mutual funds reduced holdings and exited several midcap and smallcap stocks. Notable exits include Capri Global, Rama Steel Tubes, and SJVN. Meanwhile, funds reduced exposure to City Union Bank, Ashok Leyland, and Life Insurance Corp of India.
These 10 smallcap MFs look more vulnerable to risk from Sebi’s directive
These smallcap schemes could be at risk as they have lesser exposure to large stocks, cash and cash equivalents (including T-bills), and higher exposure to stocks from the Nifty Microcap 250 Index
Sebi directs mutual funds to protect smallcap investors from market froth
In a letter to AMFI, Sebi said in the context of froth building up in small and midcap segments of the market and the continuing flows in the small and midcap schemes of mutual funds, trustees, in consultation with Unitholder Protection Committees of AMCs, shall ensure that a policy is put in place to protect the interest of all investors.
These 7 stocks are held by maximum number of midcap MF schemes
ETMarkets compiled a list of stocks that were most widely held by midcap mutual fund schemes as of January 2024, according to ACE MF data.
Energy sector going to benefit post Budget; invest in growth of country: DP Singh, SBI MF
DP Singh says the government has shown great fiscal discipline in this budget, with efficient parameters in terms of inflation, borrowing, and tax compliance. There are pleasant surprises in store for taxpayers, as the government aims to create an ecosystem for employment generation and growth in the private sector. The income tax revenue will be a major chunk for the government, but they are also focused on reducing subsidy budgets.
Mutual funds offload Jio Financial shares worth Rs 2,850 crore in September
SBI MF sold shares worth Rs 1,736 crore bringing its holding to 2.92%, while UTI MF sold shares worth Rs 508 crore. Meanwhile, Nippon MF and HDFC MF sold shares worth Rs 302 crore and Rs 205 crore, respectively, reducing its holding in Jio Financial Services to 4.6% and 2.3%.
Jio Financial shares list at Rs 265 on BSE and Rs 262 on NSE. Should you buy, sell or hold?
At a market capitalisation of about Rs 1.68 lakh crore, JFSL is already India's 33rd largest listed company and bigger than the likes of HDFC Life Insurance, SBI Life and IndusInd Bank.
What will be the important pillars that will take the India story ahead? DP Singh answers
So that is something which gives me a lot of confidence. And the kind of self-confidence which I see in a normal Indian today, in a common man today, it speaks the story of India's growth so that gives me confidence that after 66 years we are really-really financially independent.
PLI on track; investment commitments at 60% of capex target: SBI MF research
“Investment commitments in auto has overshot government expectation while on the other hand, investment commitments have underwhelmed government’s vision for ACC, textile, and mobile electronics,” SBI MF economists stated, pointing out that Rs 2.9 lakh crore of investment commitments had been received against the perceived capex target of Rs 5 lakh crore.
Star investor Prashant Jain picks up stake in Senco Gold ahead of IPO
Kolkata-based jewellery retailer Senco Gold has raised Rs 121 crore ($16.3 million) from anchor investors ahead of its initial public offering. Investors who participated in the round include Nippon MF, White Oak, Jupiter Asset Management, Bandhan MF, and 3P India Equity Fund. 3P India Equity Fund picked up a 9.22% portion of the anchor investor segment.
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