Browsing: Fund

[ad_1] It was October 2004, and I peacefully minding my business in my office when a colleague came by for a chat. He was an investment expert, and for the next fifteen minutes, I got the full lowdown on a new product that he was very enthusiastic about – Systematic Investment Plans (SIPs). It made sense, and I signed up for a Rs 3000 monthly SIP into an equity mutual fund. I essentially committed to investing Rs 3000 every month into this fund without fail, irrespective of what was happening to the markets. Fast forward twenty years, and let us…

[ad_1] UTI Mutual Fund has launched UTI Balanced Advantage Fund, which is an open-ended dynamic asset allocation fund. The fund will be investing in a diversified portfolio of equity and fixed income. The portfolio of the scheme will be dynamically managed based on valuation and fundamental driven in-house proprietary asset allocation model, the AMC said in a statement.  The New Fund Offer (NFO) for UTI Balanced Advantage Fund starts on July 21, 2023 and closes on August 4, 2023. As per the statement, UTI Balanced Advantage Fund aims to provide long-term capital appreciation and income by investing in a dynamically…

[ad_1] Bajaj Finserv Asset Management has launched Bajaj Finserv Flexi Cap Fund, its first equity scheme. It is an open-ended equity scheme, which aims to provide long-term capital appreciation by investing in equity and equity-related instruments across market capitalization, based on a ‘MEGATRENDS’ strategy, the AMC said in a statement. Following are details of the Flexi Cap Fund shared by Bajaj Finserve AMC. The scheme will be managed by Chief Investment Officer Nimesh Chandan, Senior Fund Manager Sorbh Gupta (Equity portion) and Siddharth Chaudhary (Debt portion). The fund will be benchmarked against S&P BSE 500 TRI. The AMC said investors can…

[ad_1] In a market hitting fresh highs everyday, investors still remain uncertain, said Amit Nedkar, Senior Fund Manager, LIC MF, in an interview with Shaleen Agrawal and Zoya Springwala. The markets have more than doubled over the past two years, he added, saying that the worst is behind us and the market is likely to see good times ahead. Sectoral Outlook Nadekar is bullish on financials and IT. In 2022, the IT sector began correcting as a result of stretched valuations and the sector is still around 20% down from its peak. The BFSI sector is doing well and has…

[ad_1] Mutual Fund calculation: If you manage to find the right fund giving decent returns, you can multiply your investments multiple times in the long term. However, it is not easy to find the right fund suitable to your needs. This is why it is always recommended to consult a trustworthy financial advisor, who can do this exercise for you. Now suppose you do manage to find the right fund. What after that? You may want to know how long it will take to multiply your wealth. Or, what should be the rate of return to help multiply your investment…

[ad_1] Small-cap funds have been on a roll of late, with the category receiving nearly Rs 18,000 crore of inflows, or 25% of the fresh inflows into actively managed equity mutual funds, in the first half of calendar 2023.  The strong inflows are led by the category’s strong performance compared with other equity mutual fund categories, particularly large and mid-cap funds, in recent times. The category gave 34% returns in the past 1 year ending June 23 versus 23% and 30% for the large and mid-cap categories, respectively.  Even when considering long-term investment horizon of 5 years, the small-cap category…

[ad_1] A potential investor told me that he had a dream scenario: a Public Provident Fund (PPF) that would take any amount of money and give back tax-free returns. He said he would put all his savings in PPF if that were possible. I tried to persuade the client to invest in the equity asset class for a long-term horizon, but he only had eyes for PPF. It’s not fair to compare them because they are different asset classes with different roles in a portfolio. The only thing they have in common is that they are both long-term investment tools.…

[ad_1] Twenty fund houses have raised their cash holdings in the first six months of the calendar year, with the largest increase by Quant MF (19.4%) and WhiteOak Capital (12.2%), data from Value Research shows. The data is for cash holdings as a percentage of equity assets. Eleven fund houses have cash holdings in excess of 5%. These include the likes of ICICI Prudential MF, HDFC MF and Tata MF. The first two, along with SBI MF, hold in excess of Rs 10,000 crore each in cash. Thirty seven equity schemes held cash in excess of 10% of their assets. This…

[ad_1] Like cricket, the mutual fund market is also a great leveller. While in cricket, a top player or a team doesn’t always remain on top of his game, and on many occasions fails, in mutual funds also, top-performing schemes do not always remain the top-performer. The probability of maintaining the top position by a scheme over the long term is less, data shows. No matter how good it feels to read about top-performing mutual fund schemes, starting a SIP in them on the basis of past performance alone is not always beneficial. You may end up inviting losses when…

[ad_1] Tata AIA Small Cap Discovery Fund: Tata AIA Life Insurance (Tata AIA) has launched its first dedicated Small-Cap fund, Tata AIA Small Cap Discovery Fund. In a statement, Tata AIA said the new fund will offer policyholders the opportunity to generate capital appreciation in the long-term by investing in small-cap market capitalisation stocks.  The New Fund Offering (NFO) window will remain open from July 10 to July 24, 2023  at Rs. 10 per unit, applicable only during the NFO period. Commenting on the launch of the Small-Cap Discovery Fund, Harshad Patil, Executive Vice President and Chief Investment Officer (CIO)…