EQUITY FUND
Vodafone Idea shares decline by 65% from its 52-week high, 87 mutual funds hold stake
Vodafone Idea shares have fallen 65% from their 52-week high. Around 87 mutual funds held Vodafone Idea shares as of October 31, 2024. Index funds and ETFs may also have exposure to the stock.
Looking to park your money for short-term? Arbitrage mutual funds look attractive
Arbitrage mutual funds emerged as an attractive short-term investment option for investors in October, attracting significant inflows due to their equity-like taxation, debt-like returns, and stability. Experts suggest that these funds are suitable for individuals seeking tax efficiency and relatively stable returns over a period of six months to a year.
80% equity mutual funds outperformed their benchmarks in October
Around 192 out of 240 equity mutual funds outperformed their benchmarks in October. However, the assets under management (AUM) of equity mutual funds saw a sequential decline of 4.03%, falling to Rs 25.36 lakh crore in October from Rs 26.43 lakh crore in September. This data was reported by PL Wealth Management, excluding Sectoral/Thematic funds.
18 mid cap mutual funds never gave negative returns in last 3 years
Data reveals that 18 mid-cap mutual funds have consistently yielded positive returns over the past three years. These funds, including Baroda BNP Paribas Mid Cap Fund and Edelweiss Mid Cap Fund, have maintained their positive performance trajectory into 2024. However, investors are cautioned that past performance is not indicative of future returns and should consult a financial advisor.
Best aggressive hybrid mutual funds to invest in November 2024
As per Sebi norms, Aggressive Hybrid Mutual Fund schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility.
Are focused & ELSS mutual funds making a comeback? Here¡¯s how to invest
ELSS and focused mutual funds, which experienced outflows for the first half of the fiscal year, are regaining investor interest. Renewed confidence in the equity market and tax benefits are driving this comeback, making these categories attractive options for investors, particularly those under the old tax regime.
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Equity mutual funds deliver up to 55% return in one year. Do you own any?
ETMutualFunds analyzed 261 equity mutual funds and found that some have delivered impressive returns, with up to 55% growth in the past year. The top performers include Motilal Oswal Midcap Fund, which gained 54.94%, Invesco India Focused Fund with 49.56%, and Bandhan Small Cap Fund with 49.26%. These funds stand out for their strong one-year returns.
Quant vs PPFAS Mutual Fund: Two fund houses are taking opposite cash calls amid market correction
Quant Mutual Fund is seizing the opportunity presented by the Nifty50's 9% decline, increasing its investments while decreasing its cash holdings. Conversely, PPFAS Mutual Fund has adopted a more cautious approach, increasing its cash reserves to capitalize on future investment opportunities and navigate market volatility.
How should investors evaluate an NFO?
Mutual fund industries are experiencing rapid growth, leading to a surge in new fund offers (NFOs). Investors are advised to carefully evaluate NFOs against their investment needs and portfolio strategies. Unlike IPOs, NFOs guarantee full allotment and are priced at ?10 per unit, offering a different investment avenue.
PPFAS Mutual Fund CIO Rajeev Thakkar explains the problem with sectoral mutual funds
PPFAS Mutual Fund CIO Rajeev Thakkar argues that investors are better off sticking to diversified equity funds. He cautions against the allure of sectoral funds, which often attract investments when a sector is already performing well, leading to subpar returns.
All equity mutual fund categories log negative returns in last 1 month. Should you allocate more or exit?
All equity mutual fund categories experienced negative returns in the past month, with losses ranging from 0.82% to 12.42%. Factors like global economic uncertainties and foreign outflows contributed to the downturn. Despite the negative returns, experts suggest that long-term investors could view this as a buying opportunity, emphasizing a balanced approach and diversification.
Best focused mutual funds to invest in November 2024
According to Sebi norms, focused equity mutual fund schemes must invest in a portfolio of maximum 30 stocks. These schemes have no other restrictions when it comes to investing- like flexi cap schemes they can invest in any market capitalisations and sectors. If that investment strategy appeals to you, you can get to know more about focused equity schemes.
HDFC Nifty India Digital Index Fund, and 8 other mutual fund NFOs to open for subscription this week
Nine mutual fund NFOs will open this week. These include three thematic funds, two index funds, a long-duration fund, a sectoral fund, and a target maturity fund. ICICI Pru Equity Minimum Variance Fund, Shriram Multi Sector Rotation Fund, and Bandhan Nifty 200 Quality 30 Index Fund are already open. The remaining six funds will open later this week.
Mutual funds were sitting on nearly Rs 2 lakh crore cash in October
In October 2024, MFs held a total cash pile of Rs 1.80 lakh crore, or 5.05% of their total AUM, slightly down from Rs 1.86 lakh crore in September. The total equity AUM for October was Rs 35.72 lakh crore. Among the 43 MFs, SBI Mutual Fund had the largest cash holding at Rs 31,126 crore, representing 4.46% of its total AUM.
7 ELSS mutual funds turn Rs 10,000 monthly SIP to over Rs 1 crore in 25 years
Seven ELSS mutual funds, including SBI Long Term Equity Fund and HDFC ELSS Tax saver, have transformed a monthly SIP of Rs 10,000 into over Rs 1 crore in 25 years, demonstrating their potential for long-term wealth creation through tax-saving investments.
Investors in theme, sector MFs stare at losses
In this period, the Nifty 50 fell 10.44%, the Nifty Midcap 150 fell 10.9%, while the Nifty Smallcap 250 fell 9.1%. The Defence index dropped 10.25%, the PSU index shed 11.7% and the Metal index declined 12.28%since September 27.
ET In The Classroom: Large-cap funds
As per regulatory guidelines, a largecap company is a listed company ranked from 1st to 100th on the Indian stock exchanges in terms of market capitalisation. Hence for a fund house, a large-cap scheme needs to invest at least 80% of its corpus in large-cap companies, with the flexibility to invest the remaining 20% in other companies as per the discretion of the fund manager.
Nifty sulking but mutual fund investors make up to 8% returns with Wall Street funds
Edelweiss US Technology Equity FOF led the category with an 8.15% return over the past week, followed by Mirae Asset S&P 500 Top 50 ETF FOF at 7.80% and Franklin India Feeder - Franklin U.S. Opportunities Fund at 7.48%.
82% equity mutual funds outperform their benchmarks in October
Despite Sensex and Nifty experiencing a 6% decline in October, 82% of equity mutual funds demonstrated resilience by outperforming their benchmarks. This impressive performance was observed across various categories, with contra funds achieving a 100% outperformance rate. While most categories showed strong results, focused funds lagged slightly with a 68% outperformance score.
15 largecap mutual funds fail to beat benchmarks over 5 years
Around 15 large-cap mutual funds (MFs) have underperformed their benchmarks over the last five years, with a 60% underperformance rate. Out of 25 large-cap funds, only 10 outperformed. Axis Bluechip Fund delivered 13.25% return, lagging behind its benchmark (BSE 100 - TRI), which returned 18%. Bandhan Large Cap Fund and DSP Top 100 Equity Fund also underperformed.
All equity mutual fund categories offer negative returns in October, lose up to 12%
October proved to be a challenging month for equity mutual funds, with all categories experiencing negative returns. The automotive sector suffered the most significant decline, while international funds fared comparatively better. Mid-cap and small-cap funds also witnessed losses, although less severe than their large-cap counterparts.
Best mid cap mutual funds to invest in November 2024
Mid cap schemes invest in mid cap stocks or in stocks of medium-sized companies. As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. That¡¯s what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Nearly 500 equity mutual funds offer negative returns in October
October proved to be a challenging month for equity mutual funds in India, with over 450 funds posting negative returns. The worst hit were sectoral funds focused on automobiles and transportation, while a handful of pharma and healthcare funds managed to stay afloat.
How are international funds taxed?
?India is among the top 5 countries by market capitalisation, but its share in the global market capitalisation is between 4-5%. Given this low share, wealth managers feel there is a need to diversify equity portfolios geographically to manage risk and participate in industries, tech and firms that are not available in the Indian stock market.
Top 10 mutual funds to invest in November 2024
We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes ¨C which we believe should be enough for regular mutual fund investors. There are caveats: read till the end to ensure you are picking up the best scheme for you.
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