Hybrid Funds ET Market’s mutual fund analysis has identified the top 5 hybrid mutual funds that gained about 25% and more in the last 3 years. Hybrid funds invest in both equity and debt with the goal of balancing risk & reward, and optimizing investment returns. The tax treatment of equity-oriented hybrid schemes is similar … Read more
A smaller-than-expected poll victory for Prime Minister Narendra Modi is leading to worries among bond investors about greater populism. Fiscal discipline has been a hallmark of Modi’s decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit and further cut government borrowing in the next budget. The election … Read more
Santrupt Misra, a Biju Janata Dal (BJD) candidate and former HR head of Aditya Birla Group filed his nomination papers from the Cuttack Lok Sabha Seat for the 2024 Lok Sabha elections. His affidavit shows that Mistra has investments in 59 mutual fund schemes. The former HR head of Aditya Birla Group has investments in … Read more
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. … Read more
Blackstone has sold its entire 20.5% stake in Sona BLW Precision Forgings for about Rs 4,916 crore via a block deal on Monday. Blackstone, through its subsidiary, Singapore VII Topco III Pte Ltd, offloaded about 11,99,25,641 shares at a price of Rs 410 per unit, according to the data available with the exchanges. The sale … Read more
Anand Shah, Head of PMS & AIF Investments at ICICI Prudential AMC, says he and his team goes about picking winning stocks using the Business-Management-Valuation (BMV) framework. “If we like business potential and management quality, the last step is valuation. A good business and competent management may not always come cheap. If the business has … Read more
In the first week of October, one of my friends was surprised to see a significant credit in his bank account from his equity broker. On inquiring, he got to know that from then onwards; brokers are supposed to transfer the available credit balance in the trading account to the investor’s bank account at least … Read more
Mumbai: The ₹412-crore initial public offering (IPO) of Pune-based auto parts manufacturer Divgi Torqtransfer Systems, backed by Infosys co-founder Nandan Nilekani, was subscribed 5.44 times on Friday, the final day of bidding. This is the first IPO of 2023. The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors … Read more
Global brokerage JPMorgan has maintained an overweight rating on and a neutral stance in case of Bharat Forge. Macquarie believes that Life Insurance will outperform while Nomura has a buy rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on : Outperform | Target … Read more
Brokerage firm JPMorgan maintained its overweight stance on post the December quarter results, Kotak Institutional Equities has a buy on Life, and ICICIdirect retained hold on General Insurance post Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JP Morgan on IndusInd Bank: Overweight| Target Rs … Read more