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The mutual fund industry added assets worth Rs 65,439 crore in January 2019, taking total assets under management to Rs 23.37 lakh crore. Categories such as income, liquid and equity funds saw positive inflows, while balanced and gilt funds saw outflows.
Read quote →Heightened uncertainty in the stock market ahead of Lok Sabha elections later this year, poor returns from equities in the past year and year-end holidays saw flows into equity-oriented schemes of mutual funds in December slip to their lowest levels in 30 months.
Read quote →Equity assets of mutual funds have risen from Rs 1.52 trillion in November 2013 to Rs 7.44 trillion five years later.
Read quote →After a lacklustre return from equity mutual funds in 2018, hybrid funds and debt funds are gaining currency in a year that faces risks of a volatile equity market with major events like general elections lined up in first of 2019.
Read quote →"Corporates form a major proportion of liquid funds' AUM and they might have withdrawn party due to a payment of advance tax and partly due to the fear of making no returns due to default of some papers"
Read quote →If you are an Indian parent, ‘dilemma’ is probably your middle name. When you aren’t in a fix over how to impart the right values to your progeny, you’re possibly fretting over how to ratchet up the corpus for his education and wedding.
Read quote →As Hindustan Unilever Ltd (HUL) prepared to report earnings on October 15 there was every expectation that India’s largest consumer goods company would present a stellar set.
Read quote →Rajeev Thakkar feels the overall market valuations are a bit stretched especially in the small- and mid-cap space. He doesn't want to paint everything with the same brush.
Read quote →With the market focusing only on stocks with ‘quality earnings’, the focus on free cash flows (FCFs) of companies has sharpened. Popularised by investment gurus such as Warren Buffett, FCF is an important metric that investors need to pay attention to.
Read quote →When the Nifty is being powered by a handful of stocks and individual portfolios are far from all-time highs, one needs a marvellous pair of eyeballs to become a good stock-picker.
Read quote →As valuations climb, the funds have chosen to stay light on Indian stocks and exposure to bonds and arbitrage has gone up.
Read quote →Five years on, Hindustan Unilever's gambit to purchase its shares from Indian holders has worked well for both the company as well as investors who surrendered their stock.
Read quote →They need to be seen as sui generis, yet follow the herd as investors. They may not have matured as investors, but love to invest in themselves.
Read quote →According to experts, the recent rally indicated that the market may have priced in all positives and valuations looked elevated, and as more than half of earnings season is done, slowly the focus will shift back to global cues.
Read quote →Majority of experts feel there could be at least one more rate hike in the offing, which could happen in any of the policy meetings in FY19.
Read quote →The Reserve Bank of India on Wednesday raised interest rates for the second straight meeting, but retained its “neutral” stance as it aimed to contain inflation while not choking growth.
Read quote →Even as the domestic stock market barometer soared to a fresh record on Thursday, top market voices point out that it’s important to not carried away by the euphoria, and it’s just another number.
Read quote →Besides, a falling rupee, rising crude oil prices and unabated outflow by foreign institutional investors are only going to add to the woes.
Read quote →According to the Income-Tax Act, coowners of a property are required to pay tax on rental income according to their respective share in the property.
Read quote →Soccer does teach us life lessons. And Fifa World Cup 2018 has simply been outstanding on this count! Major upsets at both group and knockout stages of the tournament echoed not just the uncertain times we live in, but also behaviour of our markets.
Read quote →With the stock market going through volatile times, many fund managers seem to be moving to cash. According to data from Ace Mutual Fund database, more than 20 diversified equity funds currently have a cash allocation of above 10 percent in their portfolios. While it may seem like a safe call, Many fund manager say that it should depend on the fund’s mandate.
Read quote →The domestic equity market is going through a rough patch this year amid subdued macroeconomic triggers. Rising crude oil prices, slower-than-expected earnings growth, trade war concerns and a falling rupee have dragged midcaps and smallcaps down by up to 15 per cent so far in 2018.
Read quote →Over the past three years, the composition of India’s bellwether indices have changed dramatically. The space for defensive sectors, in particular, has shrunk rapidly. After the latest rejig of the BSE Sensex, the weight of defensive sectors—IT, pharma and FMCG—has fallen to 26%, from 39% of the index three years ago. What does this mean for investors?
Read quote →In the last few months, the economy has been trying to get back on its feet, though with difficulty. In response, equity markets have also been volatile, struggling to retain the bullish sentiment. The introduction of long-term capital gains (LTCG) tax, rising crude oil prices, strengthening of dollar against the rupee and PSU bank frauds have hit sentiment. Benchmark indices fell 8 per cent in February and March.
Read quote →Hope cannot be an investment strategy," if you believe Rajeev Thakkar, chief investment officer and director at Mumbai-based PPFAS Asset Management.
Read quote →Despite volatility in the market, domestic investors are pouring in money into equity mutual funds through the SIP route with over $1 billion coming in January alone.
Read quote →What do you expect when you invest in a capital protection oriented fund? Protection for your capital and for your money to not lose value, right?
Read quote →The Indian stock markets touching dizzying heights have put existing investors in a dilemma: To book profits or stay invested?
Read quote →What explains the magic associated with the number '7'? From the colours in a rainbow to days in a week and notes in music, the world is governed by this number. The magic is as evident in personal finance.
Read quote →The famous economist John Maynard Keynes once said, “Markets can remain irrational longer than one remains solvent”, guessing the levels of the markets could turn out to be a futile exercise and one that could cause damage.
Read quote →As ET Wealth completes seven years this December, it's a good time to get acquainted with George Miller.
Read quote →According to the T. Rowe Price's 2017 Parents, Kids & Money Survey in the US, it was found that parents with troubled financial history passed on poor money habits to kids.
Read quote →Many Indians skip vacations for lack of money. Here's how to save up enough for your next trip:
Read quote →"Parents' financial habits influence children up to a certain age, say, 12-14 years, and beyond that it is the outside world that exerts a greater influence," says Jayant Pai, Head, Marketing, PPFAS Asset Management.
Read quote →The gravity-defying act of US technology giants continues. Apple Inc, chief showstopper, crossed $900 billion in market capitalisation for the first time on Wednesday, cementing its position as the world’s largest listed company.
Read quote →Imagine your company is asking you to go on vacation and paying you extra salary during the time you are away. Employees of the Sydney Morning Herald don't have to imagine. Rules say all employees of the Australian newspaper must take a 40-day vacation in a year.
Read quote →Almost a year after demonetisation, mutual fund distributors have reason to rejoice. Retail investors have poured money into mutual funds, and much of this has been routed through distributors.
Read quote →BL RESEARCH BUREAU: The year gone by - Samvat 2073 - was rewarding for equity investors. Shrugging off concerns over weak earnings growth, the market put up a smart show.
Read quote →Inflows into equity schemes of mutual funds through systematic investment plans (SIPs) have been steadily on the rise, much to the delight of fund managers, and the sales teams at asset management companies.
Read quote →Driven by positive real interest rates and better growth prospects, mutual fund houses bought shares worth ₹ 16,500 crore in August, the highest-ever equity investment in a single month.
Read quote →Investing heavily in a top-performing fund during good times can cause long-term pain
Read quote →On the face of it, the current rally in the market looks well spread out. So far in the year, the sensex has gained over 19%, the mid-cap index is up 24%, while the small-cap index has jumped 31%. Every two out of three sensex constituents are up in 2017, while the top six have contributed 71% of the gains.
Read quote →Goodbyes are the hardest when they are final. It's worse if it involves one of your parents. The heartbreak is probably lesser in intensity only to that of your surviving parent, the spouse who is left grappling with a crippling emotional void at the fag end of life. Yet, it is critical to take a financial reality check and you, as progeny, are the best suited to do it.
Read quote →If you are among those who are scared of stock market volatility, systematic investment plans or SIPs will work best for you. SIP is an option designed by mutual funds, allowing you to invest a small sum in the stock market on a regular basis. The main advantage of a SIP is that it averages out your cost in the long run as an investor gets more units when the markets are down.
Read quote →The market has moved up significantly in the past year, with the benchmark BSE Sensex gaining 16 per cent. The rally has largely been driven by global liquidity and on expectations that earnings back home will pick up in the coming quarters. At a one-year trailing price-to-earnings multiple (P/E) of 22.8, the Sensex is still trading above its historical average.
Read quote →With three per cent increase in service tax likely after the implementation of Goods and services Tax (GST) from July 1, the expense ratio of mutual fund houses across the country will also go up by 3 per cent.
Read quote →India's biggest tax reform, Goods and Services Tax or GST, is about to be a reality from July 1. Many mutual fund investors would be wondering whether GST will have any adverse impact on their investments. Well, the answer is: yes, it will have a marginal impact on mutual fund investments.
Read quote →Many fund managers seem to be unsure about current market conditions. But they are getting regular inflows from systematic investments plans.
Read quote →Is the market over-heating? To answer this question, many analysts have homed in on the cash balances in equity fund portfolios. When we see active fund managers sitting on idle cash, the immediate conclusion is to be cautious. But the devil is in the detail.
Read quote →Many fund managers seem to be unsure about current market conditions. But they are getting regular inflows from systematic investments plans. The result: Large cash positions in their portfolios (see table). While this strategy has the potential to protect a fund if the markets correct, it can also backfire in certain circumstances.
Read quote →Ten years ago, when the BSE exchange's Sensitive Index, or Sensex, was fast closing in on 20,000 points, Rahul Agrawal, 40year-old entrepreneur and regular investor in the stock market, took a personal loan of ₹ 10 lakh and bought select stocks. He even tried his hand at futures trading. About a year later, the value had been reduced to less than ₹ 1 lakh.
Read quote →Indian fund managers are facing a problem of plenty....but not of good investment ideas. Rather, they are unsure of how to deploy the money that is raining into their funds. With benchmark indices hitting fresh highs almost every other day, retail investors are rushing to put money into mutual funds.
Read quote →Equity mutual funds are seeing tremendous inflows lately, but these are accompanied by strong outflows. Data from AMFI shows a steady increase in the outflows from equity mutual funds. The outflows were ₹ 7,932 crore in December, 2016, but they jumped to ₹ 20,658 crore in March, 2017, three times increase in four months.
Read quote →The full impact of bank accounts getting blocked due to non-compliance with the Foreign Account Tax Compliance Act (FATCA) will be known on Tuesday or Wednesday, said a banker in a government-owned bank.
Read quote →From one 'D' to another - demonetisation paving the way for digitisation. That's how experts described the Securities and Exchange Board of India's (SEBI) move to allow investments in mutual funds through e-wallets. The market regulator has also allowed instant access facility in liquid schemes of mutual funds.
Read quote →We believe that we are in the midst of a good economic cycle. However, markets have gone up much faster than the change in economic cycle. We believe Price to Earnings for the markets looks expensive but Price to Book Value and market cap to GDP ratio are above average but not significantly higher than average.
Read quote →Warren Buffett may not know it, but a diamond trader in Mumbai follows his advice very closely. Ashwin Singhania, a meticulous planner, has allocated 25 per cent of his earnings into equity, breaking away from the tradition of investing in just gold or real estate.
Read quote →Everyone knows that starting a Systematic Investment Plan (SIP) in an equity mutual fund scheme is the best way to achieve long-term financial goals. However, the strategy is likely to be tested in the coming days if the market scales new highs every week as some experts are predicting. Surprised? Well, here is the scoop: a "secular" rising market is not a great news for your SIP investments.
Read quote →The recent rally notwithstanding, the 30-share Sensex is trailing the returns of the US' Dow Jones Industrial Average in dollar terms over three years.
Read quote →The S&P BSE Sensex touched 30,007.48 mark on April 5, 2017 to close at 29,974.24. The last time the Sensex crossed 30,000 was on March 4, 2015. Over the said period, 600 stocks saw their prices double. Inside the Sensex, Maruti Suzuki (70 percent), Reliance Industries (60 percent) and Tata Steel (42 percent) have been the biggest gainers. The total market capitalisation of the BSE touched Rs 123 lakh crore for 3000 companies.
Read quote →NEW DELHI: The Modi government's demonetisation drive may have received a lot of flak and slowed down the economy temporarily.
Read quote →Is big always beautiful? Not necessarily so in the mutual fund (MF) industry. While big fund houses with their strong distribution reach and multiple schemes to match all kind of investors' needs are able to garner most of the money, several smaller fund houses have small schemes with assets of less than ₹ 1,000 crore that deliver steady returns to investors.
Read quote →Has a mutual fund distributor tried to sell a balanced (equity-oriented hybrid) fund to you with the promise of a regular dividend each month? According to industry insiders, distributors are promising one per cent tax-free dividend each month (12 per cent a year) on these funds.
Read quote →As the stock market is hovering around all-time high, there is lot of noise in the street: book profits, take some money out, sit on cash, and so on. Sure, markets getting into untested territory worries may investors, especially investors in stocks and daily traders. But should it worry mutual fund investors too much?
Read quote →We turn to them for financial advice. However, that does not mean experts cannot go wrong. Saurin Parikh spoke to eight financial experts about the errors they made early in their careers and the lessons they learnt from the outcome. The common investor could do well to imbibe these lessons.
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Direct plans of mutual funds have been steadily gaining market share. These plans accounted for nearly 40 per cent of the money managed by mutual funds during the December 2016 quarter. That's up from 35 per cent in the December 2015 quarter.
Read quote →Mid-cap stocks have been the flavour of the last five years. The NSE's Nifty Full Midcap 100 index went up by 17 percent annually over the last five years against 10.56 percent for the Nifty 50 in the same period; many top mid-cap funds gave returns of as much as 30 percent annually. But are these returns from mid-caps sustainable?
Read quote →If investors believe that the recent move by two smaller mutual funds to reduce their expense ratios may have ripple effects across the industry, that appears to be unlikely.
Read quote →Some investment experts believe the markets are currently overvalued. They are asking their clients to book profits and shift the money to debt immediately.
Read quote →After PPFAS Mutual Fund reduced the expense ratio on its sole scheme - Parag Parikh Long Term Value Fund - by 20 basis points, Quantum Asset Management came up with a road map to gradually reduce the expense ratios across its funds as assets under management (AUM) increase.
Read quote →Closed-end equity mutual fund launches have been declining since the Association of Mutual Funds in India (AMFI) asked fund houses to cap up-front commissions at 1%. In the 12 months preceding AMFI's decision (April 2015), 58 closed-end schemes were launched.
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You already know that the budget didn't have any specific sops for mutual funds. Does that mean it won't have any impact on your mutual fund investments?
Read quote →Mumbai Mirror's panel of experts, from fields as diverse as finance, healthcare, markets and education, decode Arun Jaitley's Union Budget 2017.
Read quote →Union Finance Minister Arun Jaitley pulled off a good balancing act in the Union Budget for 2017-18 and the first impression of it seems to have left financial markets euphoric. But is the Budget fineprint really as great? Can it be called a reformist Budget? Could he have done more?
Read quote →The finance minister has emphasised his commitment to the infrastructure in the budget. The question is: will this change the fortunres of the sector? In other words, what does it mean to investors in infrastructure funds?
Read quote →Brexit, US presidential elections, demonetization, none of these events—perceived as negative shocks—could keep the domestic equity markets down for a long time. After falling around 1,000 points (or roughly 11%) from a peak of 8950 in September 2016, the benchmark Nifty 50 is back up to 8650 or thereabouts—rallying nearly 10% in two months.
Read quote →How is your mutual fund portfolio doing? Not many investors are able to answer this. This new section will provide the answer. The portfolio doctors on our panel will assess the health of the mutual funds held by individuals, examine their suitability and, if required, recommend corrective measures.
Read quote →The Indian diaspora has taken a liking to equities under the Narendra Modi-led National Democratic Alliance (NDA) government. Total equity assets owned by non-resident Indians (NRIs) have jumped nearly three fold to ₹ 2,675 crore between December 2013 and December 2016, data provided by the Securities and Exchange Board of India (Sebi) showed.
Read quote →How is your mutual fund portfolio doing? Not many investors are able to answer this. This new section will provide the answer. The portfolio doctors on our panel will assess the health of the mutual funds held by individuals, examine their suitability and, if required, recommend corrective measures.
Read quote →BENGALURU : Mutual fund houses in India witnessed robust growth in 2016, driven by strong participation by retail investors, who added 70 lakh accounts.
Read quote →As the country moves towards a cashless environment after demonetisation, the initial awe and confusion have given way to a flurry of concerns. Will the emphasis on online transactions provide convenience and tangible benefits or just add to stress and additional charges?
Read quote →Investors looking to bet on the next likely major growth opportunity could look at US equities, which have risen to record highs since the election of Donald Trump as the next President. As the dollar strengthens on expectations that Trump will spend in a big way to revive the world's largest economy , money is flowing out of emerging markets like India to the US. Domestic investors wanting to cash in on this opportunity could invest in units of local mutual funds that invest directly in US stocks or in offshore US schemes.
Read quote →In the two-and-a-half years that the government led by Prime Minister Narendra Modi has been in power, the Sensex has delivered only 6.5%, despite the initial rally.
Read quote →The market witnessed a profit-booking spree on Monday as players sensed inevitable short-term pains from demonetisation, which could hit India Inc profit for at least two quarters, and a likely US Fed rate hike on December 15 that could strengthen global headwinds.
Read quote →NEW DELHI: The mutual fund industry has often come to the rescue of the domestic equity market in recent times whenever foreign institutional investors (FIIs) have turned net sellers.
Read quote →The mutual fund industry is likely to be a beneficiary of the demonetisation of ₹ 500 and ₹ 1,000 notes as the funds thus unlocked may find way to their schemes, said a top official of PPFAS Mutual Fund.
Read quote →Iconic investor and billionaire Warren Buffett is famous for building wealth through un-loved stocks. Price is what you pay and value is what you get, he famously remarked. Like a maverick school teacher who focuses on the potential of the so-called back-benchers in class, fund managers who adopt, value style looks for high quality companies that are out of favour with the market.
Read quote →MUMBAI, OCTOBER 19: Mumbai-based PPFAS Mutual Fund expects 15-20 per cent growth in its assets under management by December 2017.
Read quote →MUMBAI: ICICI Bank rose up to 7% on Monday , its biggest singleday gain in seven months, driven by expectations that the Essar Group would use the proceeds from the sale of its oil business to repay banks. With the debt-laden group moving to pay off loans, fund managers said other indebted groups could also be forced to follow suit, which could lead to the investor rerating of shares of lenders with sizeable industrial exposure.
Read quote →NEW DELHI: Everyone loves the blue-chip stocks, and HDFC BankBSE -0.15 %, ICICI BankBSE -2.02 %, InfosysBSE 0.27 %, UltraTech CementBSE 0.33 % and Sun Pharma are some of the frontline names that domestic mutual funds swear by.
Read quote →MUMBAI: Stock exchanges have stepped up vigil in the wake of a strong rally in smallcap and penny shares. BSE has sought clarification from at least 12 companies in the past few weeks regarding the sharp spurt in their stock prices or a surge in trading volumes.
Read quote →The central government, which is struggling to meet the disinvestment target, has to surmount one more challenge. According to sources, several big-ticket foreign funds are refusing to participate in the disinvestment drive in mining and related companies, citing environment issues.
Read quote →Mutual fund managers claim not to follow herd mentality, yet overall numbers tell a different story. An analysis of equity mutual funds' sector choices or exposure shows that over the past five years finance, banking, cement, auto, construction projects and consumer durables have witnessed a sharp rise in MF exposure.
Read quote →This year's Budget made the NPS more attractive by making 40% of the corpus tax-free at retirement. This changed the tax status of NPS from 100% EET to 60% EET and 40% EEE.
Read quote →Three years ago, the markets were in a comatose state, with the Sensex struggling below 20,000 and the Nifty at 5,800 levels.
Read quote →Even as mutual fund investors wrestle with the idea of venturing into the deep sea with direct plans, they have to grapple with another critical element of building a strong portfolio—fund selection. Apart from the problem of plenty facing those picking funds on their own, another headache is the confounding nomenclature that prevents investors from actually identifying a suitable fund.
Read quote →If a fund manager is bullish on the funds he manages, he would invest his own money in the schemes. The new scheme information docu ments (SIDs) that fund houses have released on their website show how much `skin in the game' fund managers have.
Read quote →If a fund manager is bullish on the funds he manages, he would invest his own money in the schemes. The new scheme information documents (SIDs) that fund houses have released on their website show how much 'skin in the game' fund managers have. The redoubtable Prashant Jain of HDFC Mutual Fund heads the list of fund managers bullish on his own funds.
Read quote →NEW DELHI: Benjamin Graham, regarded as the guru of ace investor Warren Buffet, once said diversification is an established tenet of conservative investment.
Read quote →Brexit seems to have pushed global uncertainties to a new high. In such a scenario, stepping out of the domestic market could appear a tad adventurist. Or is it? Let's see what a US-focused fund can bring to your portfolio.
Read quote →BL RESEARCH BUREAU:You can buy a BMW for less than a fourth of what you would pay for a Maruti — on the bourses, that is. The BMW stock trades at a price-to-earnings (PE) ratio of about 7 times on the Frankfurt Stock Exchange, compared with the 27 times Maruti Suzuki commands on the Bombay Stock Exchange. This case of a foreign stock trading much cheaper than its Indian counterpart is hardly unique.
Read quote →The growth in the number of demat accounts, an indicator of retail investors taking to financial investments, remained in the slow lane, while jan dhan account openings in banks and aadhar enrolments have seen steady expansion in the past two years.
Read quote →It's that time of the year when a number of top Indian investment professionals make their pilgrimage to Omaha to attend the annual shareholders' meeting of Berkshire Hathaway. But with the entire event set for a live webcast for the first time this year, die-hard fans of the sage of Omaha -- Berkshire chairman and legendary investor Warren Buffett -- can hear him dish out his investment maxims from the comfort of their homes.
Read quote →NEW BENGALURU: April may be the cruellest for Eliot and the Americans, but for Indians, it usually brings good news. You get your annual increment letters and a performance bonus may be on its way too. Many of you may get a tax refund too. While extra cash is welcome, handling it can be tricky because you need to juggle multiple aims and concerns to maximise returns from your yearly perk. Here are seven suggestions for getting the most bang from that extra back. Take a pick or a combination of them.
Read quote →NEW DELHI: Should you chase stocks quoting cheaper valuations or buy quality stocks even if they are quoting comparatively higher valuations? This is the foremost question every investor faces while going for value investing.
Read quote →ETMarkets.com: The $20-billion Indian pharmaceutical industry is going through a phase of prolonged crisis. The recent spate of regulatory scrutiny, warning letters and Form 483s from the drug regulator of the biggest export markets -US and Europe -has resulted in complete loss of faith for investors. What are Warning Letters About?
Read quote →NEW DELHI: With the market's capitulation on Tuesday, fears of poor earnings growth and weakening sentiments are back to haunt Dalal Street again.
Read quote →MUMBAI: The Sebi dictated 'commission disclosure rule' will become operational from October 1 and if you invest in mutual funds through a distributor, you are likely to know the exact amount of money he is making off you.
Read quote →The capital market regulator, Securities and Exchange Board of India (Sebi), wants the mutual fund (MF) investor to know more about what happens to her investments. It wants her to get to know her distributor and fund managers better, and also how they behave with her money.
Read quote →The weakness in stock prices of public sector undertakings (PSUs) may mean the latter buying back their own scrips from shareholders, including the promoter (government) so that the Centre can raise money. The stock prices of some have come off 20 to 60 per cent. The top 50 PSUs have over Rs 2 lakh crore in cash. This puts them in a position to spend money on share buybacks.
Read quote →The hullabaloo on EPF taxation shows just how much people are banking on a single avenue to fund retirement. But there’s more than one option.
Read quote →NEW DELHI: With the rupee on a steady decline, investor focus has turned to the export-oriented businesses, and the pharma sector has hogged all the limelight all through January.
Read quote →Mumbai: In a surprise move, Kotak Mahindra Asset Management Co. (AMC) Ltd said that effective from 15 July, all employees will have to invest only in the AMC’s own mutual fund (MF) schemes. Although it’s not mandatory for them to invest in MFs, the firm’s new rule says if the employees do invest in MFs, it has to be only in Kotak AMC’s.
Read quote →MUMBAI, JUNE 24: A day after capital market regulator SEBI announced easier listing norms for new-age technology-intensive companies under the new institutional trading platform (ITP), the response from both prospective start-ups and investors is less than enthusiastic.
Read quote →In the second half of 2013, ICICI Prudential AMC started a series of closed-end funds based on the value theme, with a three-year lock-in. The rationale was that the market was polarised in terms of valuations and a lot of mid-cap and small-caps stocks were attractively priced.
Read quote →Parag Parikh of Parag Parikh Financial Advisory Services (PPFAS) defines a contra call like this: "When a good company's share price falls, investors stay away for fear of loss. A true contrarian will find the latter attractive because he might get a good business for cheap."
Read quote →It is a tough call for investors in a company that is getting into corporate debt restructuring. On the one hand, there is a sense of relief because the company will get more time and, most likely, better terms to repay its debt. On the other, there is always a sense of fear that if the company closes, like Kingfisher Airlines, there is everything to lose.
Read quote →Domestic equity markets had been in focus in the past year with the benchmark indices seeing a 30% rally in 2014. This has lent optimism to the primary market as well. However so far this year, we have only seen a couple of initial public offerings (IPOs) closing, but there are more to come with at least three more issues in the pipeline that are ready to hit the market.
Read quote →MUMBAI: The timing, some may say, is ominous. As global investment pundits sound the death knell for value investing, Dalal Street lost one of its foremost practitioners of the art. Chandrakant Sampat, considered by many as one of the original value investors in India, died on Sunday in Mumbai. He was 86.
Read quote →Chandrakant Sampat, considered by many as a doyen in investing in India’s capital markets passed away late Sunday. An inspiration to several of today’s investment gurus, Sampat made his wealth by identifying investment opportunities in the 1950s.
Read quote →A number of brokerages downgraded the earnings estimates for India after the September quarter results. However, a global comparison shows India Inc is still doing better than major emerging market peers and some developed nations, too.
Read quote →The 538 point drop in Sensex yesterday sent jitters in the markets. The BSE Sensex fell from 27,319 to end at 26,781 in yesterday’s trading session due to a combination of factors like sell off by FIIs, widening trade deficit, rupee depreciation and weakness in global markets. Even today, the Sensex ended 0.27% down at 26,710.
Read quote →Value investing is catching up in the investment community. Well, to be fair, it has been officially around for almost 90 years, since Benjamin Graham and David Dodd (professors at Columbia Business School) wrote about ‘margin of safety’ in the context of buying shares. In comparison, the development of the Indian equity market is much more recent and the application of value investing to the universe of stocks here can sometimes get tricky.
Read quote →The first annual meeting of unit holders of PPFAS Mutual Fund will be held here and in two other cities. This will be a first in the Indian mutual fund industry.
Read quote →Size doesn’t matter. It would appear so going by the profit numbers crunched by Cafemutual. Though AMCs like ING, Pinebridge and Morgan Stanley exited mutual fund business in the recent past, many small AMCs have set an example that they can not only survive in the competitive environment but also overtake their bigger counterparts in terms of profitability.
Read quote →Now that sponsors of all asset management companies (AMCs) have to maintain a minimum networth of Rs.50 crore in their own mutual fund (MF) houses, the question of whether small fund houses are serious or not has been resolved. Or so it seems, at least from the regulator’s end. But the debate is much wider: Can small MFs survive in the competitive industry? Last week, PineBridge Asset Management Co. Ltd exited the Indian MF business; Kotak Mahindra Asset Management Co. Ltd bought its schemes.
Read quote →Realms of paper, hours of broadcast and gigabytes of information are released everyday on various companies and whether they make for a good investment or not. Sure enough, each company has its own intricacies. But if there is one advice that every investment expert will vouch for, it is that investors should look at the quality of the management. That's easily said though. How and where does one begin checking the quality of management?
Read quote →Value investing must be the most talked about investment philosophy on the planet. One reason for this is that it can deliver good returns in all types of market situations. So, when stock markets are down in the dumps, value investors such as Warren Buffett tell investors to not let go of the opportunity to buy good stocks at low prices.
Read quote →MUMBAI: Owning shares of Google is probably one of the best bets on the buzzing e-commerce and new-age business space. But, for a small retail investor from India, purchasing a Nasdaq-listed Google may prove to be a tedious task. In addition to the ordeal of opening a trading account, he also has to wade through a complex web of high transaction costs, compliance and tax rules.
Read quote →K A Chacko, a Kochi-based cardiologist who invested ₹10 lakh in 2003, as the first client in the portfolio management system (PMS) of a boutique investment firm in Kochi — Equity Intelligence India — is laughing all the way to the bank following the spectacular growth in his equity investment.
Read quote →Seven hundred and fifty nine shares hit their 52-week highs on Friday and the BSE Sensex and Nifty scaled new peaks as the arrival of the southwest monsoon, hopes of a gas price increase and global cues led to frenzied buying across counters by foreign institutional investors (FIIs) and domestic investors.
Read quote →MUMBAI: The Securities and Exchange Board of India (Sebi) has started cracking the whip on mutual funds, whose net worth is below the required levels. The capital market regulator has stopped clearing applications for any new fund offers (NFOs) - both equity and debt schemes - of such fund houses though they are required to comply with the minimum capital requirements only by May 2017.
Read quote →The BSE Sensex may be in the midst of a mega bull run, but India’s leading investors expect it will take the Narendra Modi government at least three to four quarters to start delivering on its promise of an economic revival.
Read quote →The financial markets touched new highs yet again as participants started the day on the assumption the new government would be headed by the BJP and its alliance that could put the country's economy back on the fast-track.
Read quote →Small investors should stay away from stocks right now. But long-term investors, who don’t panic when the stock market tanks, could see substantial gains over the next three-to-four years.
Read quote →While AMCs are preparing to raise their net worth, they are unhappy with SEBI’s decision to raise net worth to Rs. 50 crore instead of Rs. 25 crore recommended by SEBI Mutual Fund Advisory Committee.
Read quote →As the Sensex surged to a new closing high of 23,551 and the Nifty crossed the psychological 7,000-mark on Monday, experts cautioned that the markets may correct during the week if political numbers don’t come through and advised investors to take a long-term view while avoiding risky bets.
Read quote →After PPFAS Asset Management and Reliance Mutual Fund, Religare Invesco Mutual Fund has also declared its sponsor and group holdings in its mutual fund schemes.
Read quote →Mutual funds (MFs) might soon have a direct stake in the performance of their own schemes. The Securities and Exchange Board of India (Sebi) is considering a proposal to make it mandatory for funds to invest a minimum amount as seed capital in most of these. The capital markets regulator might also increase the minimum net worth requirement for funds, as it attempts to ensure only serious entities stay in the business.
Read quote →After a hiatus of four years, mutual fund houses are once again flooding the market with new fund offers (NFOs). A dozen new equity funds have been floated in the last three months, more than twice the number of funds launched over the whole of last year. Six more new funds will be peddling fancy themes, ranging from value investing to European stocks, over this week and the next.
Read quote →You have heard about mobile banking. Probably, you do a bit of banking transactions through your humble mobile phone while on the move. Well, here are some more tasks you can conduct through your mobile phone: trading in stocks, commodities, currencies, and so on. Now, you can invest in mutual fund schemes using your mobile phones - through an SMS or using a dedicated application or by calling up on a designated phone number.
Read quote →Investors, typically, take advice from friends, relatives or brokers to buy stocks or mutual fund plans-often, out of sheer laziness. Even informed investors commit this mistake. But those who do their homework and conduct due diligence before putting in their money could stand to gain significantly.
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