TOP INDIAN FUNDS
Ex-defence secretary Ajay Kumar joins VC play with early-stage fund
Ajay Kumar, a former bureaucrat who retired as India’s defence secretary in 2022, has set up a new venture fund, Mounttech Growth Fund, to back early-stage startups. The Rs 250-crore fund has secured approval from Sebi. The fund will look to back startups in the space, aerospace, and deep tech sectors.
Govt sets up task force to study impact of AI on future of work: Labour secretary Sumita Dawra
The government has formed a taskforce to examine the effects of artificial intelligence (AI) on the future of work, according to labour secretary Sumita Dawra during an industry interaction in Hyderabad on Friday. The announcement was made at an event organized by the Confederation of Indian Industry (CII) and the Employers’ Federation of India (EFI).
Indian fintech sector sees 59% drop in funding in H1 2024, remains among top three globally
The fintech sector saw a nearly 60% slump in funding for the first six months of 2024. Startups in the space raised $795 million during this period, as against $1.9 billion in the first half of 2023.
Weekly Top mid and smallcap picks: These mid and smallcap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
India’s long bonds have become a crowded trade, Edelweiss warns
Edelweiss Government Securities Fund excels in performance, positioning itself as a market leader. Foreign investors' sustained involvement in Indian sovereign bonds is still uncertain, impacting market dynamics.
CXO-level shifts rearrange top deck at Indian startups
The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.
- Go To Page 1
Planning to pick winning portfolios? Past performance is not the only way to go!
Many investors choose mutual funds by sorting them by highest returns and picking the top 2-3. However, selecting top-performing funds based solely on past performance can lead to disappointment. Let's explore why this strategy is flawed.
No Friday blockbuster for bonds on JPM index
Indian bonds debuted in JP Morgan's GBI-EM global index suite on Friday, with the country expected to reach a maximum weight of 10% in the GBI-EM Global Diversified Index over a 10-month period. JP Morgan's analysts expect foreign investment worth $20-25 billion to flow to the local bond market from the move.
Sensex extends record rally to 3rd session, ends above 79K, Nifty tops 24,000
Heavyweights RIL, HDFC Bank, and ICICI Bank were among the biggest contributors to Nifty's rise. Sectorally, buying was noticed in banks, FMCG, metals, and pharma. For Nifty50, the latest 1,000-point gain from 23,000 to 24,000 has been the 2nd fastest ever. Nifty took 23 sessions to climb 1,000 points.
Indian Oil to transfer unclaimed shares of investors to govt fund by this date: How to check if your name is on the list
If you haven't claimed dividends on Indian Oil shares for seven consecutive years or more, the shares will be moved to a government fund. Here is how to check if your name is on the list
How mutual fund flows are making Dalal Street Aatmanirbhar
FIIs impact Indian capital markets, with mutual funds gaining prominence. SEBI's actions on P-Notes and rise of SIPs stabilize market. Prof Ghalke and Aditya Bharambe contribute to market insights.
Indian deep tech startups count surges in 2023 but funding plummets 77%: Nasscom
Total $850 million was raised in 2023 itself -- this is a 77% decline over $3.7 billion raised in 2022. The number of deals, meanwhile, declined by 25% in 2023 over 2022, it said.
Indian realty surge drives debt financing demand, to top Rs 14 lakh cr by 2026: Report
The real estate market in Mumbai is experiencing a resurgence driven by government policies, urbanization, and economic recovery, leading to increased demand for financing. The sector is expected to create debt financing opportunities worth over Rs 14 lakh crores by 2026, with lenders seeing opportunities for growth and innovation in funding structures.
Top funds houses held low cash levels during run-up to general elections
To a great extent, preparing an investment strategy well before general elections determines how a fund manager outperforms in a volatile phase resulting after the election results are out.
FPIs’ G-Sec purchases cross $10-billion mark
Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, foreign portfolio investors have increased their ownership of sovereign bonds by over $10 billion. The influx of funds is expected to continue as India's index weightage grows.
UBS fund manager likes China's junk debt but is skeptical on India
“In India, the market underestimates the risk, while in China high yield, Sri Lanka and certain other corners of EM, the market overestimates the risk,” Khan, who manages combined assets of roughly $1 billion, said in an interview this week.
How to play MF portfolio in Modi 3.0? Prefer largecap funds over mid & smallcap: Alekh Yadav
We believe that government support, coupled with a favorable monsoon, will lead to an increase in rural consumption, making it a theme we favor.
Surprise poll results impact startups' plans, and other top stories this week
In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.
Here’s what India’s top money managers are buying post elections
Stock pickers at ICICI Prudential Asset Management Co. and HDFC Asset Management Co. are turning wary of small-caps and stocks that look overheated, such as industrials, defense and state-run companies. Nippon Life India Asset Management Ltd. is leaning toward larger companies that are trading at attractive valuations.
Leading Indian hedge fund Avendus Capital sees banking as a top bet
Avendus Capital CEO Holland uncertain about pre-budget rally, mentions potential capital gains tax change ahead of India's full budget presentation in July
Top startup & tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Here’s a recap if you missed these stories.
Hemang Jani's top stock bet from pharma sector
But nonetheless, I think even when it has not performed so much, I think if somebody has to put fresh money, I think it surely makes a lot of sense given the performance, valuation comfort, I do not see much of a challenge over there. And recently, the fact bond yields went down when you had that big dividend payout, I think there was a bit of an outperformance. So, I think you could look for some more outperformance at least over the next 6 to 12 months.
Did you miss these wealth creators? Top 40 index funds give 50-100% returns in 1 year
Index funds gain popularity, with AUM rising 30% to Rs 9.6 lakh crore in a year. Over 40 funds yield 50-100% returns. Index funds offer low-cost and straightforward equity market exposure.
Top 7 midcap stocks where MFs, PMSes, ULIPs, and AIFs decreased exposure in April
We considered the top 7 mid cap stocks where MFs, PMS funds, ULIPs, and AIFs decreased their exposure in April. Here's the list, according to the data by Finalyca.
ChrysCapital sets sights on pharma buyout deals
ChrysCapital, led by MD Kshitij Sheth, aims to acquire Indian companies in the formulation business with potential valuations of $200 million-$500 million, focusing on growth and eventual public listings.
Zerodha Mutual Fund launches two passive funds
The new fund offer or NFO of these schemes is open for subscription and will close on June 7. The Zerodha Nifty 100 and Zerodha Nifty Midcap 150 ETFs offer the flexibility to invest in the entire universe of both largecap and midcap segments, independently.
SBI Mutual Fund launches SBI Automotive Opportunities Fund
SBI Mutual Fund has introduced the SBI Automotive Opportunities Fund, an open-ended equity scheme centered around automotive and allied business activities. The New Fund Offer (NFO) for this scheme will be available for subscription from May 17 to May 31.
Local funds’ equity holding tops FPI assets for first time in April
A rising clout of the local funds augurs well for the Indian stock market since it helps in reducing the impact of the selling pressure by FPIs in times of global economic and geopolitical uncertainties. The DII share in the total institutional equities AUM of Rs 179 lakh crore rose by 172 basis points to a record 37.2%.
India growth may top 7% in FY25: NCAER
The National Council of Applied Economic Research (NCAER) has suggested that India's economy could grow faster than 7% in the current financial year. Factors such as the projected acceleration in global growth and trade volumes, as well as an expected above-normal monsoon, are seen as positive indicators for India's economic growth. The International Monetary Fund (IMF) has also raised India's growth forecast for 2024-25 to 6.8%, up from the earlier projection of 6.5%. Government data shows that the economy grew by 7.6% in FY24.
Load More
