Not giving in to these demands, Parag Parikh’s broking firm continued recommending long-term investment ideas, even though this approach cost the firm some of its clients. To protect clients and the business from the risk of bad deliveries or fake shares that had entered the markets following the Harshad Mehta scam, Parikh’s broking firm, in 1996, decided not to undertake any institutional business till the issue was sorted out. This meant that the firm didn’t have any income for eight months. But, the firm’s stand gave it a strong reputation as a responsible organisation. … [Read more...] about PPFAS Mutual Fund: A success story in value investing
Jp morgan india mutual fund
Over the five-year period, HDFC Pension Fund was the top performer with 8.49 percent annual returns, followed by Kotak Pension Fund with 7.72 percent. Both outperformed the large-cap mutual fund category average (7.61 percent) during the period, but fell short of the benchmark’s 8.68 percent. Other NPS scheme E funds yielded returns between 6.02 percent and 7.59 percent. … [Read more...] about NPS equity schemes lag Nifty 50, large-cap mutual fund returns
Pension funds’ performance over the five-year horizon was much better. Four out of six pension funds that had completed at least six years of operations outdid the equity large-cap mutual fund category average (10.89 percent). HDFC Pension Fund was the top performer in this category as well, with 12.08 percent returns annually over five years. It was also the only pension fund that came within striking distance of benchmark Nifty 50 TRI (12.25 percent) during the period. All other funds fetched returns between 9.33 percent and 11.16 percent in the five-year return category. Kotak Pension Fund (11.16 percent) and UTI Retirement Solutions (11.02 percent) were next on the list after HDFC Pension Fund, with LIC Pension Fund bringing up the rear with 9.33 percent returns. … [Read more...] about NPS equity schemes of HDFC and Birla Sun Life outperform mutual funds over three years
The scheme has consistently invested around 25-30 percent in small and mid-cap companies. Anil says that although he likes small-sized companies, they would need to grow eventually. “It’s okay to be in a niche business, but the business has to scalable. The company cannot forever remain a small-sized one,” he says. Anil adds that he doesn’t mind paying a good price for a company even if it’s bit more than he’d like. “We believe in getting reasonable growth at reasonable valuations,” he says. … [Read more...] about Fund review: Should you invest in Aditya Birla Sun Life Equity?
In the statement, Klas Molin, Sweden Ambassador to India said, “Since Prime Minister Modi’s visit to Sweden in 2018, innovation partnership has become the flagship our of relations and gained strength, a common thread running through all our areas of collaborations for example health, road safety, sustainable technology. India is a trusted innovation partner as we build back better!.” … [Read more...] about India, Sweden to discuss ways to strengthen bilateral ties in various sectors