India’s equity market investors have all the reasons to cheer, as the Sensex and Nifty indices have climbed to fresh all-time highs thanks to the sustained rally over the past three months. The S&P BSE Sensex hit a record high of 63,523 on Wednesday, June 21, 2023, while the Nifty 50 closed at 18,857, beating the previous peak of 18,812, which…
IDBI Mutual Fund, in a letter to its unitholders, has informed them about the merger/transfer of schemes pursuant to the acquisition of the AMC by LIC Mutual Fund. The deal gives LIC Mutual Fund the right to manage and administer the schemes of IDBI Mutual Fund. As a part of the deal, LIC Mutual Fund Trustee Company…
Welcome to PersonalFN’s weekly analysis on diversified equity mutual funds. In this issue, we have analysed HDFC Focused 30 Fund, highlighting its performance, peer comparison, investment strategy, fundamentals, portfolio, and suitability. HDFC Focused 30 Fund is a process-driven Focused Fund that is renowned for its diligent risk management techniques. It has made a remarkable comeback after a prolonged period of…
The inflows into mutual funds — particularly the equity-oriented ones — and the rise in AUM, are a testimony to the growing popularity of mutual funds as a wealth creation investment avenue. Over the last few years, the AUM of passive funds as a percentage of the total AUM of all open-ended funds has jumped from 8%…
A steady rally in the equity market over the last three months has driven Sensex and Nifty to record highs. The S&P BSE Sensex closed at 63,523 at the end of June 22, 2023, while the Nifty 50 closed at 18,857, surpassing the previous peak seen in November 2022. The lower market caps too hit fresh highs with the S&P…
Riding on a wave of exuberance, the Indian equity market, i.e., bellwether S&P BSE Sensex, scaled to a new lifetime high of 63,588.31 points in the early trade on June 21, 2023 while the Nifty 50 hovered near its all-time high (of 18,887.60 points). A promising economic future supported by reforms, investments, and consumption, even amid fears…
The HDFC-HDFC Bank merger is set to conclude in the coming weeks. As you may be aware, in April 2022, housing finance major HDFC Ltd. had announced its merger into its subsidiary HDFC Bank, India’s largest private sector lender. For every 25 shares of HDFC Ltd., the shareholders will receive 42 shares of HDFC Bank. In…
Welcome to PersonalFN’s weekly analysis on diversified equity mutual funds. In this issue, we have analysed PGIM India Midcap Opportunities Fund, highlighting its performance, peer comparison, investment strategy, fundamentals, portfolio, and suitability. PGIM India Midcap Opportunities Fund is a well-managed Midcap Fund that has turned out to be one of the top performers in the category. It focuses on identifying…
Mis-selling of investment products has been occurring for many years in the financial services industry, and as a result, investors are frequently getting trapped. While SEBI laws may serve as a shield to safeguard investors’ interests, investors must still be aware of certain factors to reduce the likelihood of mis-selling. Your bank relationship manager, broker,…
SEBI, in its latest circular dated June 08, 2023, has allowed mutual funds to conduct repo transactions in Commercial Papers (CPs) and Certificates of Deposit (CDs). The market regulator has also clarified that mutual funds can participate in repo transactions only on corporate debt securities that are rated AA and above. These provisions will come into…
