Mutual funds have reduced overall cash allocation by over Rs 7,149 crore to Rs 2.01 lakh crore in November against Rs 2.09 lakh crore in November. The cash as a percentage of AUM was also reduced to 4.68% from 4.94% in October. Here is detailed breakup (Source: ACE MF) Source link
Adani Green Energy witnessed a block deal worth Rs 2,778 crore on Wednesday, which was executed at Rs 970 per share. TotalEnergies Renewables sold about 2.86 crore shares, and the entire block was absorbed by a diverse set of institutional investors, mutual funds, family offices and high-net-worth buyers. Among the biggest buyers were Quant Mutual … Read more
Aditya Kumar Halwasia has bought 38 lakh shares in The Karnataka Bank via a bulk deal on Friday. The shares which were purchased at a premium of Rs 5.6%, taking the deal size at Rs 71 crore. Halwasia is an Indian investor with stake in Tourism Finance Corporation of India Ltd (TFCIL) and is the … Read more
Four new SIFs were floated in the market in October. With an objective of diversification, offering different investment strategies, SIFs aims to provide sophisticated investors with more flexible investment opportunities while ensuring regulatory oversight. Here is a detailed breakup (Source: AMFI) Source link
Seven mutual funds reduced their exposure in around 20 small cap stocks in September. Fund houses add or sell or trim their exposure to actively manage their portfolios and offer good returns. Here is a detailed breakup, according to a report by Nuvama Institutional Equities. Source link
Quant Small Cap, the largest scheme under Quant Mutual Fund, raised its stake in Adani Power and four other stocks while trimming exposure to six counters during September. The fund increased holdings in Adani Power, Aster DM Healthcare, Bata India, Usha Martin, and Zydus Wellness during the month. It added 4.91 crore shares of Adani … Read more
The exposure in nearly 85 stocks remained unchanged which included Adani Enterprises, Adani Power, Anthem Biosciences, Balrampur Chini Mills, Castrol India, Jio Financial Services, Jubilant Pharmova, Juniper Hotels, Laxmi Dental, LIC, NCC, ONGC, and RIL. Source link
Sandeep Tandon, CIO, Quant Mutual Fund, expresses strong confidence in India’s decoupling process, highlighting Asia-centric emerging markets‘ advantageous position over developed economies, evidenced by currency movements. He identifies the pharmaceutical sector as a prime beneficiary in the current economic climate. Tandon advocates for investing in pharma funds, deeming it a highly promising and straightforward investment … Read more
Quant Mutual Fund has said their overall portfolio remains tilted towards largecaps, and the exposure in select mid and small caps has been increased in most of their equity and hybrid funds. The fund house believes that select buying opportunities are visible in certain sectors viz. PSU, Infrastructure, Hotels & Hospitality, Pharmaceuticals, Materials, Retail and … Read more
“I can say with good amount of confidence, at least till 2047 when demographic cycle peaks out in India, till then India PE multiple remains elevated for maybe you are talking about another 22 years or so, so it is more than 16 years I am saying that India multiple remain highest, which means earnings … Read more