FPI short positions on index futures build up

FPI short positions on index futures build up

Mumbai: Foreign fund managers have established a substantial short position in the Indian markets, leading to a significant drop in the long-short ratio in index futures, a metric used to gauge market sentiment. This ratio has fallen to 18%, close to its eight-month low levels, indicating a bearish sentiment besides potentially introducing challenges for these … Read more

Power Grid, REC, PFC among select PSU stocks on fund managers’ September list

Power Grid, REC, PFC among select PSU stocks on fund managers’ September list

With stock indices trading close to all-time highs and valuations at a premium to long-term averages, fund managers in September bought into select PSU stocks where valuations are still low and they are likely to benefit as a new capex cycle kicks in. Stocks like Coal India, REC, PFC, Power Grid, Bharat Electronics and HPCL … Read more

Local funds’ equity portfolio value surges, so does heft

Local funds’ equity portfolio value surges, so does heft

The institutional equities assets under management constitute about half of India’s total market capitalisation. Synopsis The equity portfolio value of domestic funds rose to ₹27.90 lakh crore in September 2023, data from NSDL show, driven by increased investment by local funds that offset the impact of redemption by foreign funds (FPIs). ET Intelligence Group: The … Read more

ETMarkets Fund Manager Talk: Women fund managers making significant difference in MF industry: Meeta Shetty, Tata MF

ETMarkets Fund Manager Talk: Women fund managers making significant difference in MF industry: Meeta Shetty, Tata MF

According to a study by Morningstar, women fund managers represent just about 10% of the mutual fund industry in India. But Meeta Shetty of Tata Mutual Fund believes that there is a long way ahead to see a notable representation of women in the industry, and this will change with greater focus on diversity and … Read more

Arbitrage funds may be back in favour after facing big pullouts

Arbitrage funds may be back in favour after facing big pullouts

Mumbai: Low returns of 3-3.5% from arbitrage funds over the past one year saw rich investors withdrawing ₹20,048 crore from this category over the past three months, with bank deposits or liquid funds gaining traction in the bargain. But with the sharp rally increasing spreads between cash and futures arbitrage, returns from arbitrage schemes are … Read more

Use Nifty Equal Weight, diversify rebound bet

Use Nifty Equal Weight, diversify rebound bet

Mumbai: Investors eyeing a diversified large-cap portfolio, benefiting from a broad-based earnings recovery and with low concentration in individual stocks, can consider an investment in the Nifty 50 Equal Weight Index. The Nifty 50, one of the most widely followed indices, assigns weights to stocks based on free-float market capitalisation. By contrast, the Nifty 50 … Read more

Equity MFs that cut ‘expensive’ bets fast weathered the downturn

Equity MFs that cut ‘expensive’ bets fast weathered the downturn

Going underweight IT, pharma, cement and buying into select auto, consumer and energy names helped this midcap fund during the market turmoil. Synopsis Seasoned investors consider protecting downsides in a falling stock market as important as making the most of a bull run. With the Nifty dropping 12.67% from its peak of 18,604.45 on Oct … Read more

As yields head north, time to exit long duration debt funds

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HSBC expects the 10-year benchmark to rise to 7.5% by the second quarter of 2022 and 7.8% by the fourth quarter of 2022 on the back of higher-than-expected issuances of government securities. Synopsis Bond yields rose after finance minister Nirmala Sitharaman, in the budget on Tuesday, announced a fiscal deficit target of 6.4% for next … Read more

These 5 mutual funds are investing in Zomato IPO: Should investors be worried?

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Mutual funds’ enthusiastic participation in last week’s Zomato IPO has raised many eyebrows. The anchor book portion of the public issue saw subscription from 19 mutual fund companies across 74 schemes with varying mandates. Questions are being raised about the clamour to buy shares of a business which is yet to make profits but commands … Read more

What does it mean to invest ‘ethically’ or with ‘impact’?

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LONDON: Demand for funds which cherry pick investments with strong environmental, social or governance (ESG) credentials has surged in recent years. Many of these funds include terms such as ‘ethical’ or ‘impact‘ in their names. But what do these words actually mean? Below is a glossary of the key terms often used to describe investment … Read more