NAREN
ICICI Prudential Energy Opportunities Fund opens for subscription. Key things to know about NFO
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Energy Opportunities Fund, an open-ended equity scheme that will predominantly invest in the energy theme.
ICICI Prudential Mutual Fund launches energy opportunities fund
This scheme focuses on achieving long-term capital growth by primarily investing in equity and equity-related instruments of companies that are involved in or benefit from the expansion of both traditional and emerging energy industries and related sectors.
Services export boom is most unheralded story of India in last five years: S Naren
And I do not like to name companies, but most of the financial services companies in the world are dependent on their Indian global competency centres to do all kinds of work for them and that is the biggest positive that has happened and due credit to India for having achieved it over the last five years because 10 years back we had IT services companies, we did not have GCCs of the scale.
How should one approach investing in a market dominated by liquidity? S Naren answers
I think basically we were the first bulls in PSU along with a few other domestic investors. And, at that point of time PSU valuations were mouthwatering. And I could not understand why other than a few of us in the industry, others did not find them mouthwatering.
Sensex tanks 4,389 pts, its worst fall in 4 years
India's stock benchmarks plummeted on Tuesday after the Bharatiya Janata Party's weaker-than-anticipated performance in the general elections sparked risk-off sentiment. The market fell following inaccurate exit poll numbers, with the BSE Sensex slumping by 5.74%.
Investors too positive; one should recognise risk in this very big bull market: S Naren
S Naren, ED & CIO of ICICI Prudential AMC, expresses concern about the overly positive sentiment in the market and emphasizes the importance of practicing asset allocation. He discusses India's growth trajectory, challenges in bull markets, and the need for rebalancing portfolios. Sectors with potential are much limited in number.
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Here are India's top 10 fund managers that collectively oversee Rs 18 lakh-cr worth of assets
ETMutualFunds shortlisted top 10 fund managers based on total assets managed by them. There are around 446 fund managers, according to data by ACE MF, with a total AUM of Rs 1.06 lakh crore as of January 31, 2024. Out of this, the top 10 fund managers manage Rs 18 lakh crore, which is 17% of total AUM. Here are the details:
Infosys' Narayana Murthy seen flying economy class in viral post, co-passenger shares pic
Entrepreneur Naren Krishna's unexpected encounter with Infosys co-founder Narayana Murthy on a Mumbai to Bengaluru flight, where Murthy opted for economy class, has sparked viral interest. Krishna shared on LinkedIn his astonishment at Murthy's down-to-earth nature and the profound conversation that unfolded.
Confidence in equities at record level; people don’t want to leave the asset class: S Naren
S Naren says, “while macro is good, increasingly to what extent you will pay what valuation because if you look at many parts of the economy, there are many sectors in the economy which are growing much slower than before but while those sectors are growing slower, you are giving higher valuations now.
China, US, elections – what could be the biggest moving parts of 2024: S Naren
S Naren says: “We love a company where there is a profitable business along with that there is an unprofitable EV business and that unprofitable EV business is also given price to earnings on the loss so that at some point of time, when that EV business turns around, you get a big kicker and that is the framework which we enjoy.”
How much of the 2023 frenzy is likely to extend to 2024? S Naren answers
S Naren says: “Old investors can stay invested but new money coming in should be spread across asset class. We are much more focussed on the fact that new money should be invested more carefully than taking out old money. Old money can just stay invested. I do not think we are going to see 2020 markets or 2021 market levels easily.”
Opt for flexi cap or multi cap or large cap funds for fresh investments: Naren of ICICI Prudential Mutual Fund
"Investing in mid and small cap segments may be a risky proposition given the elevated valuations. Therefore, from an investment perspective, one can look for names/ assets which are relatively cheap or fairly valued in this market," says S Naren, ED & CIO, ICICI Prudential AMC.
Agro-processing growth in India makes us optimistic about our IPO: Sona Machinery’s Naren
Inspired from the impressive SME IPOs in recent times, a Ghaziabad-based agro-processing OEM is preparing to go public.
Munger was the epitome of wisdom: S Naren of ICICI Prudential AMC
ETMutualFunds managed to convince two respected Indian mutual fund managers to share their thoughts on the departed investment guru.
ICICI Prudential Multi-Asset Fund completes 21 years; offers SIP return of 17.5%
Nimesh Shah, MD & CEO of ICICI Prudential AMC, says, “The wealth creation journey of ICICI Prudential Multi-Asset Fund is a testament to the fact that judicious asset allocation across asset classes works well for the investor over the long term.”
Global chip shortage eases, offering hope for automobile supply chains: CRISIL
The global chip shortage, which had a significant impact on the automobile industry in India, is gradually improving. Supply-chain challenges are being addressed, and improved predictive demand forecasts are enabling more stable production schedules. The scarcity of semiconductors caused production delays and reduced sales in India. However, the situation is expected to normalize by fiscal 2026, thanks to new global manufacturing capacities.
My learnings from Warren Buffett: S Naren
Warren through his investment journey has shown that investing is not just arithmetic, but taking sensible long-term decisions.
ICICI Prudential Value Discovery Fund completes 19 years
“Globally as well as in the scheme, there have been patches of time when value investing has not done well. However, if an investor is ready to be patient, then value investing will deliver sizeable returns over the long term. This is because the thesis of value investing is about buying stocks that have attractive valuations but are quoting at a discount to their intrinsic value,” said S Naren, ED & CIO, ICICI Prudential AMC.
How should investors approach the broader markets? S Naren explains
So, froth has just not gone away at all. What happens is there is possibly froth in some of the companies. There could be good companies, there could be companies with froth and that is a challenge when investors are investing in midcap and small cap.
Stay invested in hybrid funds, rather than taking big bets: S Naren
And there is nothing at this point of time which says that they have to take away the money and redeem the money that is not what the market is suggesting.
Japan has immense opportunities for Indian apparel exporters: AEPC
The decline in Chinese garment exports to Japan provides an excellent opportunity for India's apparel industry to increase shipments. According to the Apparel Export Promotion Council (AEPC), a strong Indian garment sector with unique offerings provides significant potential for Japanese trading companies to source from India. Currently, India's share of Japan's total import of $23bn is just 1%, but a decline in Chinese garment supplies to Japan over the last five years presents a significant opportunity for India.
Best to take a multi-asset approach, says Naren of ICICI Prudential Mutual Fund
Financial planners point out that investing across non-correlated assets pays off over the long term and generates superior risk adjusted returns with low volatility.
India offers the world complete value chain solution in apparel sector: AEPC
AEPC chairman Naren Goenka said that India International Garment Fair (IIGF) at Noida provides a direct marketing platform to MSME exporters from across the country bringing together about 300 exhibitors and more than 2,500 overseas buyers and buying agents.
New movie based on Sarat Chandra Chattopadhyay's Bengali cult classic 'Datta' to release on June 16
The Bengali literary classic 'Datta', written by Sarat Chandra Chattopadhyay, has been adapted for the big screen once again, with popular actor Rituparna Sengupta cast in the main role.
AEPC promoting sustainable manufacturing practices in garment clusters to boost exports
The Apparel Export Promotion Council of India (AEPC) is advocating the use of sustainable manufacturing practices in various garment clusters across the country to boost exports. The AEPC is holding meetings with stakeholders, including brands and industry associations, to encourage sustainable practices such as water and energy conservation, water management and monitoring of carbon emissions. The move comes as the European Union (EU), which accounts for approximately 18% of Indian total exports, has announced it will tax imported goods if they use polluting practices. AEPC has initiated the Apparel Industry Sustainability Action to promote such manufacturing practices, with roadshows until 12 May showcasing sustainability measures.
Volatility not going to go away for next 12 to 18 months: S Naren
I think we are in the middle that is the challenge that you do not have a situation where I do not think we are in greed, if you have greed you will have huge local mutual fund inflow.
Budget will help India remain in fastest-growing economies' club: S Naren
Thus far, the steps taken by the government continue to support growth momentum and focus on bringing down the fiscal deficit. At the same time, giving support to the middle classes is likely to result in a continuation of the growth in a meaningful way.
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