MONEY MANAGERS
Stock Radar: ICICI Prudential hits fresh record high in August 2024; should you put in fresh money or book profits?
ICICI Prudential Life Insurance reached a record high in August 2024 and has been consolidating around Rs 700 since July. Experts recommend buying on dips, targeting Rs 820 within 3-4 weeks. The stock remains above critical support levels and moving averages, reflecting bullish sentiment among traders.
Value-for-money fashion spurs Trent's 129% surge
The Tata Group company’s stock has risen 129% this year, ranking it No. 3 on the Bloomberg World Retail Index, on a winning strategy in affordable apparel. The gains may extend after news Friday that Trent will be included in India’s benchmark NSE Nifty 50 gauge next month.
Investors rush to money market funds before Fed rate cut, BofA says
Investors put $20.4 billion into stocks, $15.1 billion into bonds, and $1.1 billion into gold, BofA said, in its weekly round up of flows in and out of world markets
Not in vogue today, but management knows business: 5 largecap stocks from different sectors with upside potential of up to 39%
As the bulls move from state of control to absolute control of the street, there are a couple of things which one needs to remember. One of the things which they throw out of the window is the “sense of risk”. It is this risk which needs to be given due importance in such time because even in raging bulls markets, there are periods of correction which come unannounced. We are not saying that a correction will come any time soon but no one can rule out volatility given the fact that what the US Fed does is still not clear. But given the fact that valuations are still high, it would be better that one should be more cautiously bullish and more selective when putting in fresh money into stocks.
Know Your Fund Manager | Devender Singhal, Executive Vice President & Fund Manager, Kotak Mutual Fund
Devender Singhal, a Fund Manager at Kotak Mutual Fund, recounts his professional trajectory starting from a campus placement in 2001. Residing in the financial sector since then, he now manages various funds such as Kotak Multicap. His investment strategy focuses on favorable risk-reward ratios and the impact of behavioral finance on market dynamics.
Nine money tips for college students
Try your hand at saving. You may not have long-term goals, but anything that needs a lump sum in future, requires advance planning. You might want to take a holiday with friends. From finding out where to cut back, to rearranging your spending to prioritise this goal, you will find yourself making tough financial decisions. Real life involves this exercise more often than not.
- Go To Page 1
Govt eases cross-border share swap rules to woo foreign money
India updated its foreign investment regulations to facilitate cross-border share swaps and exclude certain OCI investments from being considered as indirect foreign investment. The amendments aim to attract more investment, particularly in startups, and streamline rules, aligning them with other regulations and requiring government approval for FDIs from neighboring countries.
5 lessons from Rakesh Jhunjhunwala's investment philosophy on his 2nd death anniversary
Rakesh Jhunjhunwala's Death Anniversary: Rakesh Jhunjhunwala, also known as the Warren Buffett of India, passed away two years ago. Renowned for his long-term investment strategy and faith in competent management, Jhunjhunwala managed Rare Enterprises. His legacy emphasizes patience, pragmatism, and learning from mistakes, guiding modern investors today.
PMS Tracker: HNI investors make up to 24% return in July
In July, only a small group of 8 PMS schemes reported negative returns, notably including Capitalmind's Adaptive Momentum fund led by Deepak Shenoy. On the brighter side, star fund manager Shyam Shekhar's ithought smallcap fund Vrddhi saw impressive gains of over 10%, while his multicap fund Solitaire also performed well with a 6.7% increase.
China goes to new extremes in crackdown on bond-market frenzy
Chinese authorities took unusual steps to control the government bond market, instructing rural banks to reverse recent bond purchases. This intervention aimed to stabilize falling yields amid economic slowdown concerns. These actions have raised questions about long-term investor confidence and market transparency, crucial for international investments.
Invested in IPE-Plus Fund for childhood friendship, money didn't go to Adani: Sebi chief Madhabi Buch
Sebi Chairperson Madhabi Puri Buch clarified allegations from Hindenburg about investments in an Adani-linked offshore fund. Buch revealed that the investment was influenced by her husband's childhood friend Ahuja's previous role. She denied any Adani-related investments and provided details about their professional background and financial disclosures.
Hindenburg vs Sebi: Madhabi Buch-linked IPE-Plus Fund says never invested in Adani shares
360 ONE Asset Management stated that its IPE-Plus Fund 1 did not invest in Adani shares. Operating from 2013 to 2019, the fund focused on bonds and had minimal investor participation. Allegations from the Hindenburg report involving Sebi chief Madhabi Buch were refuted by both the Buch family and 360 ONE WAM.
Temporary headwinds, permanent potential: 6 financial services stocks from various segments with an upside potential of up to 31%
In the last two years, probably each segment of the financial services have gone through a scrutiny by the RBI. Yes, it did create short term headwinds for many segments as there was some bit of the tightening and of course the episode in which companies were banned also happened. But three simple questions, is a sector like financial services better placed after the clean up by RBI. Second, if an economy like India is growing, can it happen that this sector does not does not grow? Third, probably to some extent the reason for why these stocks have underperformed, can FPI stay away from these stocks and when they come back. There is a high probability that all answers to three questions go in favor of the stocks and the outlook is improving.
No state has been denied money in FY25 Budget: Sitharaman
Finance Minister Nirmala Sitharaman countered opposition claims that the Budget failed to allocate funds to certain states. She clarified that no state is denied money and noted that earlier UPA Budgets also omitted state names. Sitharaman defended the Budget's allocations, emphasizing the government's focus on growth, reforms, and fiscal responsibility.
Know Your Fund Manager | Satish Ramanathan, CIO-Equity, JM Financial Asset Management
Satish Ramanathan, CIO-Equity at JM Financial Asset Management, transitioned from engineering to a successful career in equities. He manages four significant schemes and follows a meticulous investment philosophy. His approach balances caution with boldness, focusing on long-term growth and quality. His passion lies in responsibly managing public funds and receiving client appreciation.
The bar for PMS fund managers to please crorepati investors just got higher after Budget
Recent tax changes in the Union Budget have increased capital gains tax rates, complicating the task for PMS fund managers to generate higher post-tax returns compared to mutual funds. Despite a historical trend of outperforming mutual funds, PMS schemes now require higher annual returns to stay competitive. Long-term strategies are less impacted, while short-term focused approaches suffer.
Sensex falls 1,500 points intraday, closes flat; caution over valuations
Indian equity benchmarks saw minor declines: Nifty dropped 0.12%, Sensex 0.09%. Investor caution persisted over high valuations and new capital gains tax. Nikhil Ranka predicted consolidation between 23,700 and 24,500, while Chirag Mehta foresaw potential corrections. Mid-cap and small-cap stocks weakened; 2,223 BSE stocks fell. Quantum Mutual Fund noted capex disappointment and lack of demand-boosting measures.
Hot market prompts InCred to shut multi-cap AIF, return money
InCred Asset Management, led by Bhupinder Singh, is closing the multi-cap AIF India Value Growth Fund I, returning ₹80 crore. Managed by Aditya Sood, the fund delivered 165.0% returns since September 2019. Steep valuations, increased 15-25% cash holdings ahead of Union Budget, and new investor warnings drove the decision. Market risks come from US economic conditions.
Nifty Top 10 Equal Weight index: Is it worth your money?
The Nifty Top 10 Equal Weight Index is a new addition by NSE, tracking the top 10 stocks from Nifty 50 with equal weights. While it may be a benchmark for asset managers, retail investors may find better diversification with existing options.
How would-be brides can manage finances after marriage
Monisha Choudhary is set to be married soon. There are two critical financial decisions Choudhary needs to make. She should consider her existing assets and investments, which can remain in her name, to be disclosed to her new family at her discretion. She can continue building these assets based on her income allocation. Read here to find what are the other ways to secure finance after marriage.
Should you deploy fresh money and ideas with Sensex@80K? Aman Chowhan answers
A clear avoid now will be companies with too much hype and euphoria, and maybe some segments within the different spaces where valuations have gone crazy, says Aman Chowhan. Some of the consumer names are trading north of 70-80 PE, which is also a clear avoid s. It has more to do with companies and valuations than any specific sector or segment, says Chowhan.
Explained: Expense ratio in mutual funds and how your money is spent
In other words, it is the per-unit cost of running and managing the mutual fund. The expense ratio differs from fund house to fund house. The expense ratio is calculated as a percentage of daily investment value.
Demat account for minors: How to open with Zerodha, other brokers? Check documents required, other details
Teaching minors about stock markets, demat accounts, and investment strategies is crucial for financial discipline and smart money management.
Darshan’s ex manager Mallikarjun has been missing since July 2018
Mallikarjun B. Sankanagoudar, a native of Gadag, managed Darshan's schedules and payments for many years. During this time, he also ventured into film production and distribution. It is said that Darshan had significant trust in Mallikarjun, giving him many responsibilities. However, Mallikarjun reportedly abused this trust by conducting secret business activities and borrowing money in Darshan's name without his knowledge.
Modi premium for Indian stocks gets a hard look after elections
With the leader now navigating coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. Investors are looking for proof that Modi can continue his reforms with the same vigor, while balancing the demands of alliance partners and avoiding populist measures to regain public support.
Flexible approach in managing liquidity to help money market rates
RBI Governor Shaktikanta Das announced the central bank's commitment to maintaining money market rates and borrowing costs through flexible liquidity management. The RBI will use various operations to manage liquidity, responding to foreign investment flows impacting Indian bond markets. Analysts predict significant foreign flows following inclusion in JPMorgan's bond index, potentially affecting rupee liquidity. Das highlighted the RBI's ability to handle liquidity impact and swiftly respond to banking system liquidity fluctuations.
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.
Big Daddy LIC manages money nearly double the size of Pakistan's economy
LIC assets have exceeded Rs 50 lakh crore, marking a significant milestone and overshadowing Pakistan's GDP. In FY24, LIC reported a profit of Rs 40,676 crore and total premium income of Rs 4,75,070 crore. The company, with a market share of nearly 59% in the Indian life insurance sector, is now eyeing entry into the health insurance domain. Its market value has surged by nearly 52% in the past six months, making it the seventh-largest stock by market capitalization.
Anxious about 4th June poll results? Hedge your fears & leverage your optimism, doing it is not rocket science
Till a few weeks back, expectation of the street was very clear that policy continuity post 4th June. But then there was a bout of selling from foreign portfolio investors (FPI) and a narrative got created that they are selling due to polls. First logical question to counter this narrative would be to ask a counter question. Do they have some kind of insider information, the answer is surely no. Probably, just a few weeks back, after remaining in the dumps for years, the Chinese market came back into limelight, because of better than expected GDP numbers. So, there was a bit of movement of money. So, there is narrative and there is counter narrative. So rather than getting into a debate, there is a way to take care of both. The only thing is, a decision has to be made either today or Monday. Given the fact that there is a high level of noise on the street, more than anything else it is time to manage the risk of emotional decision making.
Load More
