Atul Bhole, Executive Vice President and Fund Manager at Kotak Mutual Fund, identifies IT stocks as a potential under-the-radar opportunity amid current market uncertainties. While the sector has underperformed year-to-date due to concerns over US economic conditions and AI disruption, Bhole sees compelling reasons to pay attention to this overlooked space. Edited excerpts from a … Read more
The Securities and Exchange Board of India (Sebi) on Tuesday brought in a consultation paper on introduction of ‘New Asset Class’. The main objective of creating a new product, which is somewhere in between mutual funds and portfolio management services (PMS), is to address the needs of investors with higher risk-taking capabilities and a higher … Read more
I am 35 years old and I started investing in the stock market 5 years ago. I have a corpus of about Rs 1 crore which includes Equity (50%), FDs (15%), MFs (25%) and SGB (10%). I want to diversify my portfolio and explore alternative investment options as well. How should I start? Reply by … Read more
Mumbai: India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. The Reserve Bank of India (RBI) regulates the fund inflows and outflows involving locally pooled investments … Read more
Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … Read more
ITC. Share Price 422.45 04:08 PM | 13 Mar 2024 18.00(4.46%) ICICI Bank. Share Price 1083.95 04:08 PM | 13 Mar 2024 7.11(0.66%) Kotak Mahindra Bank. Share Price 1729.55 04:08 PM | 13 Mar 2024 9.21(0.54%) Cipla. Share Price 1471.25 04:08 PM | 13 Mar 2024 5.50(0.38%) Bajaj Finance. Share Price 6456.15 04:08 PM | … Read more
In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
Franklin Templeton Asset Management sold 0.1% of its holding in LIC last month, while Union Mutual Fund exited the company by selling all its holdings. One other D-Street favourite that was dumped by MFs was Radhakishan Damani’s Avenue Supermarts. Indiabulls Mutual Fund, Union Mutual Fund, and Groww Mutual Fund were sellers in the D-Mart retail … Read more
Mutual funds were net buyers in Indian equities in May, adding stocks worth Rs 2,447 crore as compared to selling Rs 4,533 crore in shares in April. In the smallcap space, some of the major additions to the portfolios during the month include Jupiter Wagons, Nexus Select Trust Mall, Carysil, Chennai Petroleum Corp and Faze … Read more
In the last three quarters, both FIIs and mutual funds have hiked stakes in at least 20 stocks but only 10 of them have rewarded the big boys of Dalal Street with double-digit returns so far in FY24. Topping the list of stocks with rising institutional ownership in FY23 is L&T Finance Holdings which has … Read more