News for IDFC Mutual Fund (IDFCEOS6RG.BO)

Blackstone had acquired 75% of EPL for $470 million from erstwhile promoter Essel Group and public shareholders in 2019.

Sebi framework allows PE firms to sponsor mutual funds, but no takers yet due to additional requirements and market uncertainty.

bl.portfolio caught up with Kalpen Parekh, MD and CEO, DSP Mutual Fund, recently.  In this conversation, he elaborates on his investment philosophy as well as the fund house’s. He believes mean reversion to be the iron law of markets and a counter cyclical approach to investing, followed by the fund house, would help use this principle in their favour, he reasons.

Today, the Reserve Bank released the of the 2023-24 round of the survey of Foreign Liabilities and Assets of the Mutual Fund (MF) Companies. The survey covered ...

India Business News: Hinduja Group acquires majority stake in Invesco's India mutual fund unit amid Jio Financial Services-BlackRock JV's market disruption. Court approves

Invesco could sell as much as 60% of Invesco Mutual Fund with assets under management (AUM) of more than ₹74,000 crore as of March 31. The mutual fund industry's total AUM stood at ₹54.50 lakh crore as of February end.

For sectors like railways and defence, the fiscal deficit poses a risk, potentially slowing down government driven capex from the current growth rate of 25-30 percent to 10-15 percent, says the CIO-Equity at the fund house

The scheme co-managed by its founder Kenneth Andrade, a former chief investment officer of IDFC Mutual Fund (now Bandhan), will run a concentrated portfolio with 25-30 stocks - a strategy that he was known for in his previous stint in the mutual fund industry that ended in 2015.

Bandhan Mutual Fund announced the launch of the Bandhan Nifty Smallcap 250 Index Fund. The scheme opened for public subscription on December 12, 2023, and will close on December 19, 2023.

.Transport & Logistics sector gaining traction; five funds launched, UTI oldest player. Nifty index dominated by auto & auto-ancillary cos. ICICI Transport Fund returns 33% in last yr. Global logistics market projected to reach $13.6T by 2026. Challenges incl. trade issues, Covid-19, high fragmentation. Positive demand scenario for road logistics in FY2024. Sector poised to shine alongside India's growth story; requires nuanced understanding.

Chennai-based Unifi Capital has assets under management (AUM) of Rs 20,400 crore with around 10,000 Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) clients across 22 states in India.

ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.

Based on the OI percentage, a total of 75 stocks witnessed short-covering on Thursday, including Cummins India, Syngene International, Gujarat Gas, GAIL India, and Britannia Industries.

Based on the open interest future percentage, total 89 stocks saw long unwinding on Thursday including Polycab India, Nifty Financial, ONGC, Bank Nifty, and Bharat Forge.

Based on the open interest future percentage, a short build-up was seen in 69 stocks, including Laurus Labs, ABB India, Shriram Transport Finance, Coal India and Dr Lal PathLabs

Based on the open interest future percentage, there were 96 stocks including Info Edge India, City Union Bank, Kotak Mahindra Bank, Sun Pharma and Voltas in which a short build-up was seen.

Many investor wish to invest in stocks because of the high potential for profit. The markets volatility and fear of risk, on the other hand, constantly hold them back. Investing in Conservative Hybrid Funds is a good option for such investors. Investors who want to nibble on the stock in the present market condition should use conservative hybrid funds to attract capital gains.

Interestingly, anchor investor Canada Pension Plan Investment Board has increased its stake from 1.5% to 1.71% in the last quarter.

Read more about Retail investors' shareholding in Paytm doubles, MFs buy more shares on Business Standard. Canada Pension Plan increases stake in digital payments company, as some other foreign funds leave.