Sebi wanted to know how much Mutual Fund head honchos were paid. A look into who got how much...
'Such stocks may be useful for aggressive portfolios, but should not be part of the core holdings.'
Actively-managed large-cap mutual fund (MF) schemes have managed to regain some lost sheen this year after faring poorly in the 2022 calendar year (CY22). At the end of the first six months (H1) of CY23, 78 per cent of the active large-cap schemes were ahead of the Nifty50 index funds as against just 26 per cent in 2022. When compared to the Sensex index funds, 61 per cent active funds have delivered better returns, shows an analysis of Value Research data.
Exodus of top managers an unintended side effect of roaring MF industry
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
Most equity schemes have more than doubled their NAVs in 8 years, even if they entered at the pre-Lehman crisis peak
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
Insurance firms have designed amazing retirment plans to lure more customers.
'The good news is that till the time there is growth in gross domestic product, Indian markets will continue to rise.'
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
Demonetisation could see anywhere between Rs 8 and 12 lakh crore coming into the banking system in the next few weeks.
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
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