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Axis Nasdaq 100 fund of fund will be open for subscription from Friday through October 21, will invest in the overseas units of exchange traded funds (ETFs) focused on the Nasdaq 100 index.
2022-10-06T20:36:56+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-10-06T14:31:52+05:30


“There has been a significant degree of outperformance by India. If you look at the US markets, the all country world index and the emerging markets, everything is significantly negative. The outperformance reflects, in a way, the superior macro fundamentals that India has on a relative basis”
2022-10-06T11:38:25+05:30


"The Dynamic Style of Money Management gives us the agility and flexibility to rebalance and reconstruct our portfolio in the changing global macro environment smoothly,” says Tandon
2022-10-06T11:06:54+05:30


Some papers in the portfolio were downgraded to a very low price. Some of those papers are making repayments and that is now pushing the returns up.
2022-10-06T10:06:49+05:30


Tata Nifty Midcap 150 Momentum 50 Index Fund will invest in securities covered by NIFTY Midcap 150 Momentum 50 Index with 95%-100% allocation, debt and money market instruments upto 5% allocation and will be benchmarked against NIFTY Midcap 150 Momentum 50 Index (TRI).
2022-10-04T14:52:34+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-10-04T14:29:11+05:30


Rs 1 lakh invested on September 28, 2017 in these schemes would have become Rs 2.45-2.68 lakh, depending on the scheme.
2022-10-04T12:56:40+05:30


According to some pundits, the scenario could snowball into a repeat of the 2008 Lehman crisis, which triggered a global recession. Market analysts say that even though India is in a better position, the impact will be felt even here.
2022-10-04T10:51:28+05:30


"When I am looking at it as an investor, I would see whatever I am following that strategy consistently and just sticking to one strategy or not. So whatever decision one makes, whether it is an active fund, whether it is passive, inactive – it may be in various styles which are there, whatever is the strategy one chooses, following it consistently would be more important than trying to look at what is working now versus others."
2022-10-04T10:11:00+05:30


IDFC Mutual Fund has launched the IDFC Transportation and Logistics Fund, an open-ended equity scheme that will invest in the transportation and logistics sector, intending to benefit from the multi-year growth opportunity in the mobility services sector.
2022-10-04T09:48:24+05:30


“When the Nifty was close to 15,200 in May, even then we talked about how we will see a new high in the current financial year and as early as the current calendar year. I still maintain that because the current narrative which is getting built is turning out to be extraordinarily cautious.”
2022-10-04T09:01:00+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-10-03T14:27:37+05:30


An analysis of trailing returns in the five years showed that only 2 out of 15 schemes underperformed their benchmarks. In the seven-year horizon, only 2 schemes out of 14 schemes fared poorly.
2022-10-03T11:36:18+05:30


ICICI Prudential Nifty SDL Dec 2028 Index Fund invests in the constituents of Nifty SDL Dec 2028 index while ICICI Prudential Nifty G-Sec Dec 2030 Index Fund invests in the constituents of Nifty G-Sec Dec 2030 Index.
2022-10-03T10:26:20+05:30


The fund regained its consistency in outperformance soon after the current fund manager took over its reins. However, it has experienced a dip over the past year as the market preferences shifted away from growth.
2022-10-03T06:30:00+05:30


A missed SIP instalment happens when there isn’t sufficient balance in the account.
2022-10-03T06:30:00+05:30


High cash positions in an equity fund can pay off for investors, but only up to a point.
2022-10-03T06:30:00+05:30


The infrastructure sector has done very well in the past 6-12 months. The category average returns of infrastructure sector funds in the past six months and one year is the highest among the equity diversified funds (large, mid, multi and small cap).
2022-10-03T06:30:00+05:30


"Overall, the monetary policy is not as hawkish as the market expected. Global adverse development has been acknowledged but RBI monetary policy stance is predominantly domestic driven. Rates market should take this positively and should trade in a range”.
2022-09-30T12:46:24+05:30


The RBI has raised the repo rate by 50 basis points to 5.9%. Hardening interest rates are likely to dampen the sentiment in both the stock and debt market. The RBI has raised the repo rate by 50 basis points to 5.9%.
2022-09-30T11:13:45+05:30


According to reports, there were two attempts to sell IDBI Mutual Fund that could not be successful, and it resulted in the merger with a company owned by the same parent.
2022-09-30T09:31:25+05:30


The second edition of the IRIS shows that 59% urban Indians believe their savings won’t last even 10 years in retirement. The survey had 3,220 respondents across 28 cities, including six metros.
2022-09-29T16:45:47+05:30


Smart Beta investing involves stock selection and weighting based on factors, rather than size, as defined in the underlying index methodology by NSE Indices Limited (NIFTY 50).
2022-09-29T12:11:10+05:30


"With muted performance in the last couple of years, we believe the theme is coming out of the woods and there are more legs to recovery,” says Chintan Haria, Head - Product Development and Strategy, ICICI Prudential AMC.
2022-09-29T12:07:42+05:30


India opening up not only benefits India to diversification but also helps global investors with diversification in their portfolio.
2022-09-29T10:52:59+05:30


“I would say more than any material financial goals like buying a house, buying a car, funding a child’s education, my biggest financial goal was to gain some amount of independence, some amount of mental security. My investment portfolio has done just that. My worst investment in a way came in the first couple of years where I invested into bonds because I wanted to save tax but from a slightly longer term perspective, that did not provide the returns which the other asset class like equity has provided.”
2022-09-29T09:01:00+05:30


"Equity funds continue to witness healthy flows. SIPs remain popular and continue to grow, both in terms of a number of accounts as well as gross amounts. Recent mutual fund NFOs, including our Flexi cap fund, have seen healthy inflows. The Debt funds’ AuM - ex overnight and liquid funds, has actually shrunk. Investors with a medium-term horizon should consider short to medium-term funds and credit risk funds."
2022-09-29T09:00:00+05:30


The Indian rupee slipped to its fresh all-time lows of 81.94 ahead of the Reserve Bank of India's policy announcement on Friday, when the central bank is expected to raise rates.
2022-09-29T06:36:02+05:30


Navi Mutual Fund has reduced the minimum application amount across its schemes to Rs 10.
2022-09-28T15:24:32+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-28T14:24:05+05:30


The mid cap category has also underperformed its benchmark in both the five and seven-year horizons.
2022-09-28T13:29:11+05:30


A multi-index fund of funds invests in passively managed instruments such as ETFs and Index Funds of equity and equity-related instruments (domestic index funds & ETFs as well as overseas ETFs ), fixed income securities, Gold / Silver.
2022-09-28T11:52:26+05:30


“Returns from April 2020 are clearly unsustainable and should not be used as a referral point for future. Given the liquidity equity and especially equity mutual funds offer should also be an integral part while allocating for the future,” says Anoop Bhaskar.
2022-09-28T09:52:05+05:30


Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 & Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund will invest in a mix of Indian Government Bonds (IGBs) and State Development Loans (SDLs).
2022-09-28T09:21:38+05:30


One reason why rich investors prefer debt mutual funds is the benefit of indexation available, a facility not available with both bonds and fixed deposits.
2022-09-28T09:12:27+05:30


“Even if the investor skews his portfolio to a flexicap category, be rest assured that he or she will have at least 60-65% in the largecap more or less. But if he or she is skewing it to a smallcap category, I would be a little worried from a risk and volatility standpoint. Second, in the flexicap category, the average alpha generated is 5.31% whereas in the largecap category, it is 2.38%.”
2022-09-28T09:01:00+05:30


“Across the sectors, we are sensing that whether it be SME, whether it be medium size, whether it be large corporates, all companies across the value chain are saying that the demand momentum is extremely strong. So manufacturing remains a medium to long-term theme and after a long time, apart from the consumption engine, the manufacturing engine is firing in my view.”
2022-09-27T12:35:27+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-27T10:22:17+05:30


Investors eyeing to make the most of this amazing India growth story, investing in mutual funds through actively or passively managed schemes seem to be an ideal strategy.
2022-09-27T07:55:24+05:30


Fund houses have filed drafts for as many as 12 new passive debt funds with the Securities and Exchange Board of India. ABSL Mutual Fund and HDFC Mutual Fund are leading with the maximum number of drafts.
2022-09-27T07:15:44+05:30


“One should remain invested and six months from now, if one is unhappy, then one must extend the time horizon as it is going to be a good journey. There could be one-off events which will keep hurting or impacting the markets but one has to stay invested in equities. This is a good time over the next four, five years.”
2022-09-26T13:31:31+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts
2022-09-26T13:06:37+05:30


The ELSS category manages a whopping Rs 1.5 lakh crore, as on August 31. These schemes have come a long way from offering a maximum tax deduction of Rs 10,000 in a financial year in 2006 to Rs 1.5 lakh today.
2022-09-26T11:13:19+05:30


While it boasts a strong track record over market cycles, this performance is often accompanied by higher volatility than many of its peers.
2022-09-26T06:30:00+05:30


According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth of the world's fifth-largest economy.
2022-09-26T06:21:49+05:30


Not only large cap funds, but most other equity mutual fund categories faltered in beating their respective benchmarks in the five and seven year horizons. Here's our analysis.
2022-09-23T15:07:52+05:30


Nifty 50 equal weight index concentrates on sectors like financial services, automobile and automotive components, FMCG, healthcare and IT
2022-09-23T14:13:59+05:30


The exit load is 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re 1 thereafter.
2022-09-23T11:28:57+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-23T09:49:42+05:30


Trivedi said that he foresees the US Fed raising interest rates to control record-high inflation, which will in turn induce the Reserve Bank of India to also raise rates.
Thu, 06 Oct 2022 14:19:07 +0530


Vikas V Gupta, CEO Chief Investment Strategist of OmniScience Capital, says inflation numbers are likely to keep cooling and it is unlikely that the RBI will follow with stronger-than-expected rate hikes, except to support the rupee against the US Fed’s actions
Thu, 06 Oct 2022 13:22:40 +0530


Market Minutes is a morning podcast that tracks risk-reward in stock markets by shining the spotlight on key data points and developing trends.
Thu, 06 Oct 2022 07:10:36 +0530


Market Minutes is a morning podcast that tracks risk-reward in stock markets by shining the spotlight on key data points and developing trends.
Thu, 06 Oct 2022 07:10:36 +0530


While the market is expected to perform better, it would be good to go sector-specific and with individual company performances, according to Vikram Kasat.
Wed, 05 Oct 2022 12:07:10 +0530


While the market is expected to perform better, it would be good to go sector-specific and with individual company performances, according to Vikram Kasat.
Wed, 05 Oct 2022 12:07:10 +0530


The market has been quite volatile in the last one week on global cues but now that the corporate earnings season is about to begin, analysts expect the sentiment to improve
Tue, 04 Oct 2022 10:56:09 +0530


The market has been quite volatile in the last one week on global cues but now that the corporate earnings season is about to begin, analysts expect the sentiment to improve
Tue, 04 Oct 2022 10:56:09 +0530


The spillovers from the hawkish tone of the Fed will affect economies in matters of currency depreciation, capital outflows, reserve losses and financial instability; however, India, compared to other emerging market economies, are far less vulnerable.
Tue, 04 Oct 2022 06:49:49 +0530


On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.
Mon, 03 Oct 2022 14:12:33 +0530


On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.
Mon, 03 Oct 2022 14:12:33 +0530


Analysts say the Indian equity benchmarks, which have outperformed their global peers, so far, this year will likely continue the trend due to consistent domestic flows and better economic performance
Mon, 03 Oct 2022 13:28:15 +0530


Manish Jain of Mirae Asset believes, margins of most IT services firms are likely to be bottomed out in Q1FY23 and expect gradual improvement in the medium-term despite elevated cost of delivery, aided by reduction in sub-contractor expenses, improving utilization, pyramid rationalization and currency tailwinds.
Mon, 03 Oct 2022 11:53:19 +0530


The rupee should inch towards 85 against the dollar, US bond yields should rise consistently while the oil prices will have to march towards new highs again for the Indian markets to hit June lows, he says.
Mon, 03 Oct 2022 11:53:19 +0530


The recent support provided by DIIs and retail investors in the recovery of the stock market post Covid makes Ajit Banerjee, CIO, Shriram Life Insurance, confident about the markets. He feels that as India is the fastest growing economy, it would see a significant growth spurt in both domestic and international markets as things normalise.
Sun, 02 Oct 2022 14:10:22 +0530


"In view of the representations by and consultations with broker associations and depositories, it has been decided to widen the scope of DDPI to include mutual fund transactions being executed on stock exchange order entry platforms and tendering shares in open offers through stock exchange platforms," Sebi said.
2022-10-06T20:19:51+05:30


"With the moderation in inflationary pressures due to correction in commodity prices, and the monsoon largely being on track (apart for a few states), we expect consumption to improve in the second half of the year," GCPL said in its quarterly updates.
2022-10-06T20:13:39+05:30


2022-10-06T19:59:06+05:30


This can be seen in two ways: one, Diwali season has slowly become the de facto shopping fiesta for the country with incredible deals across online and offline platforms leading to crazy levels of shopping and two, we can see a fascinating array of religious activities that are geared towards building wealth creation.
2022-10-06T19:50:41+05:30


“Historically, we have seen that in PSUs, there will be growth, but there will be hiccups in between, and margins will not improve. I think whoever is playing a margin improvement story in PSU defence companies, you have to assume that margins might compress,” he said.
2022-10-06T19:46:10+05:30


2022-10-06T19:18:21+05:30


About 20 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 30,243.30.
2022-10-06T19:18:10+05:30


The recent manufacturing PMI trajectory for India indicates a robust demand environment, while input cost pressures have started easing with the meltdown in commodity prices.The manufacturing sector’s share in the Indian economy has reached the pre-Covid level of 18% of gross value added in 2021-22 (April-March), and ICICI Securities believes it is poised to hit an all-time high in the medium term.
2022-10-06T18:59:45+05:30


“The best days of FMCGs are behind them. FMCG stocks are going to be challenged because most of the categories have reached maturity. The recoveries expected to come from rural spending are no longer there. We are not that positive on FMCG companies per se.”
2022-10-06T18:56:00+05:30


Although the AS regulations are unique to India, it makes it tougher for brokers to misuse client capital in any way. In most countries, brokers, like banks, can hold unused funds forever and also use them for working capital requirements, Kamath said, adding that client funds in India can only be used for that customer's trades after all the regulatory changes.
2022-10-06T18:54:10+05:30


"National Highways Infrastructure Trust, a registered infrastructure investment trust under the InvIT Regulations, sponsored by NHAI (an autonomous authority of the GoI) has filed its draft prospectus for a public issue of secured, rated, listed, redeemable, non-convertible debentures," it said in a statement.
2022-10-06T18:45:51+05:30


2022-10-06T18:37:44+05:30


In a rare order, the SEBI cancelled the certificate of registration of Brickwork Ratings and prevented it from taking on any new business, saying there have been repeated lapses in the functioning of the rating agency.
2022-10-06T18:25:22+05:30


Nifty’s coming week expiry option chain reflects on PE writers actively adding their positions all the way till 15,000 strikes - overall more than 30 thousand contracts each, with CE writers standing tall at 17,400/17,500 zones, with over 60 thousand contracts each.
2022-10-06T18:13:29+05:30


Now, the index has to hold above 17,300 for an up move towards 17,442 and 17,500 zones, whereas support can be seen at 17,167 and 17,071 zones. Options data suggests a broader trading range in between 16,800 to 17,700 zones, while an immediate trading range is between 17,000 to 17,500.
2022-10-06T18:09:44+05:30


"The bank crossed the Rs 20,000 crore milestone in both advances and deposits showing robust growth," Ujjivan SFB said in a regulatory filing on Thursday.Deposits moved up by 45 per cent to Rs 20,389 crore driven by strong momentum in retail deposits which were up 71 per cent, it said.
2022-10-06T17:58:47+05:30


The agreement between the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, a group known collectively as OPEC+, comes ahead of a European Union embargo on Russian oil and would squeeze supplies in an already tight market, adding to inflation."We believe that the price impact of the announced measures will be significant," said Jorge Leon, senior vice-president at Rystad Energy.
2022-10-06T17:43:41+05:30


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2022-10-06T17:32:34+05:30


The 30-share BSE Sensex closed up 156.63 points at 58222.1
2022-10-06T17:27:13+05:30


"The dollar is in its extended cycle of strength and is unlikely to last for a very long time."
2022-10-06T17:26:54+05:30


The Nifty Bank index closed 0.44 per cent up at 39282.85.
2022-10-06T17:22:05+05:30


"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing. However, the maker of toothpaste and packaged juices expects easing commodity prices to help improve margins in the second half of the year.
2022-10-06T17:12:52+05:30


The 30-share BSE Sensex closed up 156.63 points at 58222.1
2022-10-06T17:11:52+05:30


2022-10-06T17:11:10+05:30


The 30-share BSE Sensex closed up 156.63 points at 58222.1
2022-10-06T17:06:41+05:30


In the Nifty 50 index, 28 stocks ended in the green, while 22 stocks closed in the red in today's trade.
2022-10-06T17:01:35+05:30


2022-10-06T16:51:11+05:30


The Adani Group completed the acquisition of Ambuja Cements and its subsidiary ACC from Switzerland’s Holcim Group for $6.4 billion in the last month.The CLSA said the cement sector is likely to be at a multi-quarter low in 2QFY23, on lower prices and higher costs. “We expect margins to recover in 3QFY23 on lower fuel prices and benefits of operating leverage,” it said.
2022-10-06T16:47:10+05:30


The market analyst in interview with ET Now said that for a corporation with a slightly dodgy credit rating, it is almost impossible to get funding. Similarly, a borrower with a low credit score finds it difficult to get funding from the banks, he added."You know I am not really worried that we are building up into an asset quality bubble, I think we are going to see very strong asset quality trends for at least another four to six quarters."
2022-10-06T16:44:10+05:30


The 30-share BSE Sensex closed up 156.63 points at 58222.1
2022-10-06T16:41:09+05:30


The partially convertible rupee fell to 81.88 per dollar, compared to its close of 81.52 on Tuesday. India's financial markets were shut on Wednesday for a holiday.Outflows due to defence-related payments and oil importers bidding for dollars accelerated the rupee's slide, said Mumbai-based traders.
2022-10-06T16:36:48+05:30


“The UK and continental Europe are strategic markets for us. We have very ambitious growth plans for the region. The acquisition of 60K and opening our London headquarters are the first steps to achieving them," said Rajesh Subramaniam, Global CEO of ResultsCX.
2022-10-06T16:36:06+05:30


Everest Ind, Apollo Sindoori, Murudeshwar Cera, Butterfly Gandhi and Venus Pipes & Tubes Ltd., hit their fresh 52-week highs during the day.
2022-10-06T16:30:48+05:30


Bharti Airtel, HUL, IndusInd Bank, HDFC and Britannia were among the top losers on NSE in today's trade.
2022-10-06T16:25:41+05:30


The NSE Nifty index closed 57.5 points up at 17331.8
2022-10-06T16:20:34+05:30


The benchmark Indian 10-year government bond yield ended at 7.4538%, after closing at 7.3621% on Tuesday, recording its biggest jump since Aug. 5. The market was closed on Wednesday."There was exaggerated in bonds today after the index inclusion news," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank
2022-10-06T16:09:10+05:30


In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red.
2022-10-06T16:05:15+05:30


.Silver, however, slipped by Rs 80 to Rs 61,605 per kg from Rs 61,685 per kg.The rupee depreciated 4 paise to 81.66 against the US dollar in early trade on Thursday amid a high volatility as rising crude oil prices weighed on the local unit.
2022-10-06T16:00:27+05:30


The 30-share BSE Sensex closed up 156.63 points at 58222.1
2022-10-06T16:00:08+05:30


2022-10-06T15:59:49+05:30


The 30-share Sensex surged 156 points to end at 58,222. Its broader peer, Nifty50, ended at 17,331, up 57 points.
2022-10-06T15:55:06+05:30


"Large private banks stocks will come out as a winner because they are investing a lot in digitisation. It is not just about investing in digitisation alone but also in ecosystems. So, they have been at the forefront of ensuring that the banking ecosystem is in place."
2022-10-06T14:59:10+05:30


The company further said that its consolidated AUM grew by 21% YoY and 5% QoQ to approximately Rs 18,550 crores as of 30th September 2022, despite a sharp reduction in the discontinued loan book. Discontinued on-book stood at approximately Rs 1,300 crore as of 30th SeptemberThe AUM for its subsidiary, Poonawalla Housing Finance Limited (PHFL), stood at approximately Rs 5,600 crores as of 30th September..
2022-10-06T14:58:44+05:30


"At the said meeting the proposal is being placed to the board seeking approval and authorisations for issuance of non-convertible redeemable debentures up to an amount of Rs 4,000 crore, on private placement basis," Can Fin Homes said in a regulatory filing on Thursday.
2022-10-06T14:51:02+05:30


According to the latest shareholding data for the quarter ended September 2022, Khanna owns 1,50,215 equity shares in the company, equivalent to a 1.22% stake in the concern. In the previous quarter ended June, Dolly Khanna held a 1.10% stake in the auto ancillaries firm.
2022-10-06T14:50:19+05:30


The NSE-listed scrip in the last one year has yielded 87 per cent return, while the same on a YTD basis is just 8 per cent. The stock’s 52-week high and low prices are Rs 285 and Rs 746 per share, respectively.
2022-10-06T14:35:06+05:30


"However, with the moderation in inflationary pressures due to correction in commodity prices, and the monsoon largely being on track (apart from a few states), we expect consumption to improve in the second half of the year," it added.
2022-10-06T14:27:20+05:30


"Today, Midhani is the only company that is manufacturing Titanium alloys. The capacity enhancement programme is going on and after six-seven months, we are going to install the latest state-of-the-art facility for melting Titanium alloys. Secondly, we are also working on increasing our capacity in making nickel-based alloys, and super alloys; there also the market potential, domestic as well as export, is good. We are also improving our Titanium casting facility."
2022-10-06T14:22:49+05:30


D-Mart continued its healthy store additions. It added eight stores in 2QFY23, taking its total count to 302. It has added 18 out of a total of 40 stores factored in FY23, said the brokerage which has a neutral view on the stock.
2022-10-06T14:19:05+05:30


The stock quoted a 52-week high price of Rs 1723.65 and a 52-week low of Rs 1375.55.
2022-10-06T14:10:37+05:30