Mumbai: Invesco is looking to sell a majority stake in its Indian mutual fund arm, said two people familiar with the development. The US investment manager is in talks with the Hinduja Group for the deal, which will pave the way for the bank-to-auto conglomerate’s entry into India’s fast-expanding asset management industry. Invesco could sell … Read more
Out of many interesting observations from the PGIM India Mutual Fund’s Retirement Readiness Survey 2023, two observations significantly struck my attention. One – that people plan for happy outcomes and disregard the importance of negative ones. Perhaps it’s because we’ve witnessed our elders grappling with health issues, boredom, loneliness, and financial dependency on their children. … Read more
March is an important month for taxpayers. It is that time of the year when they leverage government-provided tax exemptions and reduce their tax liability. In other words, it is tax planning, which is a legal approach used to minimize the amount of income tax owed. This must not be confused with tax evasion which … Read more
MUMBAI: Undoubtedly, the current financial year has been a remarkable one for the little ninjas of Dalal Street – smallcap stocks – as we saw as many as 181 of them turning multibaggers. What’s worth noting is that more than 100 of these smallcap stocks went through a bad phase in the preceding financial year. … Read more
Around 60% equity mutual funds have failed to beat their respective benchmarks in FY24, an analysis of performance of equity mutual funds showed. There were around 248 equity mutual funds in the market. Out of 248 equity mutual funds,149 equity mutual funds have failed to outperform their respective benchmarks. In other words, only 99 equity … Read more
HDFC Large and Mid Cap Fund mutual fund scheme formerly known as the HDFC Growth Opportunities Fund has given an extended internal rate of returns (XIRR) of over 27% in the last five years. This means that an investment of Rs 10,000 via monthly systematic investment plan (SIP) route would have nearly doubled and turned … Read more
Mumbai: Conservative investors looking for a mutual fund product that earns them more than bank deposits with high tax efficiency could consider the new fund offer of the Parag Parikh Dynamic Asset Allocation Fund. The scheme is structured to bet on a mix of stocks, bonds, and equity arbitrage opportunities. While most mutual fund schemes … Read more
Mumbai: The assets under management (AUM) of equity mutual funds investing in small-cap and mid-cap stocks are catching up with that into schemes betting on large caps. This reflects the strong appetite among individual investors for the top-performing small-cap and mid-cap stocks despite growing concerns that the space may be overheated after the blistering run … Read more
Mumbai: Mutual fund managers have consistently purchased about 70 mid-cap stocks over each of the past six quarters, even amidst the volatile fluctuations in the stock market. Among them, about 20 stocks, including Zee Entertainment, FSN E-commerce, Restaurant Brand, GMM Pfaudler, Karnataka Bank, Prince Pipes and others, could give minimum returns of 10% over the … Read more
Small-cap funds, known for investing in companies with smaller market capitalisations, have always been a focal point of intrigue. These funds typically invest in businesses in their growth phase, offering high potential for returns but carrying higher risks than mid and large-cap funds. In 2023, small-cap funds have drawn considerable attention due to their exceptional … Read more
