"By easing the compliance burden, Sebi aims to foster the growth of passive investments in the Indian mutual fund industry," Sebi whole-time member Ananta Barua said while speaking at the mutual fund summit organised by industry body Assocham in the national capital.

​Parag Parikh Flexi Cap Fund completes 10 years of existence next week. The scheme was launched in May 2013. The scheme has offered 18.26% returns since inception.

Market experts have been asking investors to tone down their expectations from equity investments. However, if you look at the performance chart, you will be pleasantly surprised that your equity funds offered double-digit returns in one year.

The performance of the scheme will be benchmarked against the NIFTY 200 Momentum 30 Index (Total Return Index). The scheme will be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen.

​But my own belief is as interest rates start coming down the next year and supported by good growth coming in, probably we should see some kind of premium valuation starts coming in, which probably should see it coming in next year.

Kotak Nifty PSU Bank ETF and Nippon India ETF Nifty PSU Bank BeES offered 67.09% and 67.08% returns respectively in a year. NIFTY PSU BANK - TRI, the benchmark for these two schemes, offered 68.19% in the one-year horizon.

A Dynamic Bond Fund or any other debt fund which invests in long-term debt instruments is highly sensitive to interest rate movements. Thus, in a short period of time, returns could be highly volatile and can even be negative. However, over a longer time frame of over 2-3 years period, returns tend to normalise along with the interest rate cycles.

From an investment point of view, due to its lower correlation with equities and gold-like behaviour when it comes to robustness during times of economic turmoil, silver becomes a very compelling asset to be included in an investor portfolio.

I think a lot of it has to do to my mind with two or three things. One is your external account situation obviously has gone through a sea change because energy prices are down, service exports have done well. The dollar itself has weakened.

“The size of Parag Parikh Flexi Cap Fund has surely grown over the last decade. This has prompted some to wonder whether we should close for fresh investments. We are not considering this for now,” Thakkar said.

Three index funds, two thematic funds, a fixed maturity plan, value fund, and an ELSS fund are open for subscription in the market. Should you invest in these new fund offers to maximize the returns from your mutual fund portfolio?

In addition to ETF, in the index funds too, HNIs have witnessed an AUM CAGR of 145 per cent over the past four years. Apart from HNIs, retail AUM in ETFs has posted a CAGR of 56 per cent over FY19-23 to Rs 9,700 crore in FY23.

While past returns are an important parameter to consider performance, they must not be looked at in isolation. The data that a large cap fund returned 20% in the last one year does not indicate much. It must be compared with its benchmark and other schemes in the large cap space.

I am sure looking at all angles from this thing, from the investor point of view, from the industry point of view, from the intermediary point of view and more than anything else keeping in view the growth of the industry, I think the final whatever will come will be for the benefit of everybody.

The performance of the scheme will be benchmarked against S&P BSE Housing TRI. The scheme will be managed by Sharwan Kumar Goyal and Ayush Jain.

The performance of the scheme will be benchmarked against NIFTY50 Equal Weight TRI. The scheme will be managed by Sharwan Kumar Goyal and Ayush Jain.

Sebi wanted to cap the Total Expense Ratio charged by mutual funds as the total costs incurred by investors were way above the prescribed fee. The Sebi also proposed a performance-linked fee. Will it make a big difference to mutual fund investors?

The RBI announced withdrawal of Rs 2,000 notes this week and have given time to deposit the notes with banks up to 30 September 2023. Also, a withdrawal of Rs 20,000 per person per day of notes in exchange is allowed.

10-year bond yields are expected to start rallying due to inflation and weakening macroeconomic data. Rate cuts are expected to be built in over the next six months, and from RBI's perspective, around 50 bps of rate cuts are anticipated in the next year. Interest rates are expected to move lower, causing the addition of duration to all portfolios. Long bonds will perform well initially and short-term funds when rate cuts occur. Corporate bond spreads are attractive for the three- to five-year segment.

HDFC Defence Fund will follow a multi cap strategy and build a portfolio with a focus on growth and quality at reasonable valuations by investing across large-, mid- and small-cap stocks.

Around 11 mid cap schemes failed to beat their respective benchmarks in one, three, and five-year horizons. Tata Mid Cap Growth Fund, one of the oldest mid cap funds, underperformed its benchmark in all three horizons.

"Given the attractive spreads and higher interest in equities, arbitrage funds can deliver a 7% return. These returns are similar to liquid funds with better tax efficiency," said Viral Bhatt, founder of Money Mantra.

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

" Some signs of improvements are now showing. Earnings should start improving from 6-7% to 12-15% in around 6-12 months."

The underlying business and economic processes feed growth back into the input, enhancing growth further. That’s the actual meaning of the term compounding when applied to investments and growth.

Considering the underperformance of most mutual fund schemes, the proposal to introduce performance-linked expense ratios along the lines of Portfolio Management Services (PMS) is a step in the right direction, Gopal Kavalireddi, Head of Research at FYERS, said.

Out of 68 international schemes that are in the market, 30 schemes offered double-digit returns in this year till date. 24 schemes offered single-digit returns and 14 schemes gave negative returns.

​So I think the impact on the listed players would be minimized to the extent that they will benefit from larger flows, I would say, because their costs would be much lower compared to a smaller AMC.

​And not necessarily that every recommendation that is coming in would pass through or would get accepted or would get rejected. Therefore, one has to just see within this which are the one would actually be dropped.

The recommendations are aimed at bringing down mis-selling and reducing costs of investing in mutual funds.

Both indices had risen in early trades but gains fizzled out in the later part of the session. The Sensex ended at 61,431.74, down 128.90 points, or 0.21%, from Wednesday's close. The Nifty declined 51.80 points, or 0.28%, from the previous close to settle at 18,129.95.

The performance of the scheme will be benchmarked against S&P BSE Sensex TRI. The scheme will be managed by Raviprakash Sharma.

Multi asset funds are mandated to invest in three asset classes - typically equities, debt, gold. As per Sebi norms, they should invest atleast 10% in three asset classes. Mutual fund advisors say the portfolio composition makes them relatively safe.

As many individuals move to the new income tax regime, investment believe tax saving mutual funds might find fewer takers in the coming days. ELSS help investors to save taxes of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.

There are cycles in the market between so-called value and growth and quality. I think as you really see inflation coming off, the interest rate cycle coming to a pause, if not on the cutting side, I think that leads to a significant amount of momentum on the growth side of the macro economy and at the same time growth side of the market.

The Sensex ended at 61,560.64, down 371.83 points or 0.6% from the previous close. The Nifty declined 104.75 points or 0.57% to end at 18,181.75. Short covering in the later part of the day helped both the indices recoup some of their losses after falling nearly 1% earlier in the session.

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

The scheme will be managed by Shiv Chanani. The scheme will be benchmarked against the Nifty 500 Index.

Equity mutual funds invest in stocks and the stock market can be extremely volatile and risky, especially in the short term. That’s why many investors never invest in equity mutual funds to build wealth or pocket better after-tax returns.

"In a multipolar world, defence expenditure globally is set to increase as countries enhance their defence capabilities. Self-reliance in defence led by strong R&D (Research and Development) focus and enhancement of manufacturing capabilities creates opportunity for Indian companies to serve domestic market as well as tap large export potential. This could offer a multi-decadal investment opportunity," said Abhishek Poddar - Fund Manager - Equity and Senior Equity Analyst, Dealing and Investments at HDFC AMC.

Investors can use mutual fund products to invest across a range of asset classes, be it equity, fixed income, precious metals, international funds and even real estate.

"Over the past few months, we have witnessed gold prices rising. While gold prices rose, some investors would have chosen to book profits or take on risk on approach with a view that central banks would pause further rate hikes," Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said.

If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

After dazzling investors with impressive returns in the one year, these schemes that track the precious metal are down 4% in one month. Should investors be bothered about the recent weakness in the precious metal fund?

An ELSS fund and a thematic fund are currently open for subscription in the market. Should you invest in these NFOs to maximize the returns from your mutual fund portfolio?

We have generated more than 20% cumulative alpha over the last 2 years. Since the last 8 months, I have taken over the flexi fund which has started to see early signs of turnaround by being in the top quartile within 3 months.

Market-linked debentures (MLDs) that were earlier taxed at 10% after a holding period of more than a year are now taxed at marginal tax rates. Even investments in debt mutual funds are now taxed at marginal tax rates without any indexation benefits, irrespective of the duration of the investments.

"While March's outflow was a natural and expected year-end phenomenon. It is difficult to ascertain the reason behind this sudden turn in liquid fund inflows," Mayank Bhatnagar, Chief Operating Officer, FinEdge, said.

I think we are in the middle that is the challenge that you do not have a situation where I do not think we are in greed, if you have greed you will have huge local mutual fund inflow.

ETMutualFunds considered the daily rolling returns of 143 equity schemes that have completed 10 years of existence. These seven schemes were from large & mid cap, mid cap, and small cap categories.

The company's total income, however, rose to Rs 3,643.02 crore from Rs 3,107.04 crore in the year-ago quarter.

Sundar has settled a case with markets regulator Sebi by returning the advisory fee and disgorging over Rs 6 crore. The case related to PR Sundar and Mangayarkarasi Sundar, promoters of Mansun Consulting, offering investment advice without the necessary registration from the market regulator.

We enter a “decisive” week; going by the technical setup on the charts, markets may look at initiating a definite directional bias this week and whatever trend it catches on may stay on at least for the short term.

In global markets most of the central bankers are veering towards stopping the rate hikes and therefore the interest rate peaks are somewhere closer which should signal that the markets are now well and truly set on a fundamental course. Results will dictate the move ahead.

Gold prices are heading for their third weekly decline after experiencing a surge in early May, soaring to a 33-month high of $2,085.4 per troy ounce. Hawkish comments from Fed officials, strong economic data from the US, and positive talks on the US debt ceiling have all boosted the dollar index and US benchmark treasury yields, forcing down bullion commodities.

In the aftermath of this turbulent episode, investors have become increasingly vigilant. They are actively seeking ways to analyse a bank's liquidity and want to ensure its ability to withstand adverse situations.

Star Health Insurance was the top loser and the stock fell 8.8% over the week. Overall 12 block deals were executed worth Rs 668 crore, according to a Nuvama report. Over 1.21 crore shares changed hands at an average price of Rs 551, this report said.

Shares of National Aluminium Co (Nalco) surged by over 5% as its Q4 revenues and profits beat market estimates. The Indian government-run firm is hopeful of profitability looking up in the current fiscal even though prices of aluminium may remain subdued due to tepid economic expansion globally.

According to Mileen Vasudeo of Arihant Capital Markets, Nifty is expected to cross its initial resistance level of 18,650 and reach its prior all-time high soon, with the possibility of further gain. Bank Nifty is also likely to see a fresh all-time high and extend its gains towards 44,500 to 44,800 levels. Stock recommendations include VRL Logistics and Tata Elxsi, with expectations that both may see higher levels in the coming weeks.

​VWAP is an important metric as it offers pricing insight into both the trend as well as value of a stock. ​

​For some 6 counters from the largecap basket, the closing price of stock has gone above last month’s high. This is a bullish indicator as it indicates the stock is moving upward and has crossed the last month’s high.​

For more such web stories click on the ET

​These stocks have edged higher despite the Nifty Financial Services index ending in the red this week.(​

GRM Overseas, a smallcap company with a market capitalization of about Rs 1,032 crore, is engaged in the business of milling, processing and marketing of branded and non-branded basmati rice in the domestic and overseas market.

The proposed acquisition does not include shares held by Sun Pharma and its affiliates. After the completion of the deal, Sun Pharma will have a 100% holding in the company.

For more such web stories click on the ET

The overall view for the next series is positive for Nifty with an upside potential to reach 18800-19000. On the lower end. 18200 will continue to act as crucial support for the June series.

So, what is this USA Debt Ceiling and what impact will it have on Global Financial markets? The USA government spends more money than it earns and therefore it needs to borrow money to pay its bills. In an attempt to control the level of debt, it can only borrow up to a certain limit and that certain limit is called the Debt Ceiling.

China's industrial firms saw an overall 20.6% drop in profits from January to April compared to the same period last year, according to data from the National Bureau of Statistics. The fall was due to margin pressures and soft demand amid the country's faltering economic recovery. The grim profit readings come after April economic indicators, including industrial output, retail sales and property investment, suggested China's recovery is slowing down. Foreign firms' profits slid 16.2% and private-sector firms' profits plunged 22.5% in January-April. In response, China's government will focus on restoring and expanding demand, NBS statistician Sun Xiao said.

The U.S. government will spend $936 billion on non-defense discretionary spending in 2023, the Office of Management and Budget estimates, money that goes to housing, education, road safety and other federal programs.

The more precise estimate buys White House and congressional negotiators slightly more time to finalize a deal to raise the statutory ceiling on the federal government's borrowing capacity.

In Turkey, voters head to the polls to decide on their next president and tech investors are on the hunt for undervalued opportunities in an over-valued space.

The S&P 500 is up more than 9.4% for the year to date and now trades at nearly 19 times its forward earnings, at the high end of its historical range. Megacap technology and growth stocks, which benefit from lower interest rates, have led the market's advance.

To much of the pundit class, the situation is replete with risk: what happens to the market when the hype-cycle around AI ends? Peter Tchir, head of macro strategy at Academy Securities, sees it differently. Piling into a few heavyweights is just investors “being rationally selective.”

Bitcoin has seen a decline of 9% in its month-to-date performance. Currently, BTC faces a resistance level at US$26,471. If the price manages to close near this level, it could potentially pave the way for further upward movement towards the US$26,600 and US$27,000 levels.

Digitization and hyper-personalization were other important changes fostered by the pandemic, and many investors are now keen on customised digital wealth management services, necessitating a shift in how the sector approaches and maintains its customer relationships.

Additionally, DSP offers a specialized helpline for women to address their concerns and provide support. Society has responded positively, largely due to the increased visibility in the media, which aligns with our initial objectives.

"After consolidating for the last few days, Nifty has managed to surpass the resistance of 18450 zones. We expect this momentum to continue and Nifty to touch its previous lifetime high in the coming weeks. The index is now just 380 points or 2% away from its lifetime high. With the result season nearing its end, the focus will now shift to macro data, US debt negotiations and upcoming central bank policy meetings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

The Dow Jones Industrial Average ended a five-day losing streak, while the Nasdaq Composite Index and S&P 500 closed at their highest levels since August 2022, with the S&P 500 above 4,200 points.

The FMCG index has rallied 11% in the last three months against a 6% gain in the Nifty. ITC contributed to 57% of the rally in the FMCG index in the past three months, while HUL, Varun Beverages, and Nestle contributed a little over 27%.

Edelweiss Alternative Fund acquired the loans for ₹650 crore, one of the people said.Edelweiss Alternative Fund and Goldman Sachs did not respond till press time Friday to ET's request for comment.

Analysts said the central bank likely sold dollars from its reserves through market interventions in order to curb volatility in the exchange rate last week.

HDFC's bond issue, which may have an additional subscription option of up to ₹5,000 crore, may see the rate of interest being set around 7.80%, market sources said.

Krishca Strapping, a manufacturers of high-tensile steel straps, seals, and tools, raised around ₹18 crore through the IPO, which was subscribed 244.92 times.

The UAE-based promoters own 41.88% and FIIs 38.63% in the company. As per the reports, Aster's investors Olympus Capital, which has a 19% stake and Mauritius-based investment firm Rimco, with a 12% stake, are considering the sale.

The company also outlined a new strategy for the coming five years with a focus on capitalizing on its market leadership in segments like SUVs, tractors and pickup trucks while scaling its growth-phase businesses five-fold during this period.

The Aditya Birla group company's consolidated earnings before interest, tax, depreciation and amortization, though, grew only 5% on year at ₹4,873 crore, impacted by weaker realisations in some of its standalone businesses. Consolidated operating margins fell 200 basis points on year to 14%.

The Sensex surpassed the 62,000-mark with a breakout rally underpinned by the optimistic mood in global markets. The index closed at 62,501.69, up 629.07 points or up 1.02%, from the previous close. The Nifty briefly surpassed 18,500 before closing the day at 18,499.35, up 178.20 points or 0.97%.

Term deposit rates have gone up by about 200 basis points in the last few months as banks have had to catch up with the stronger credit growth. One basis point is 0.01 percentage point.

The shareholders’ resolution will come up for voting at Meta’s annual shareholder and board meeting scheduled for Tuesday, May 31.

US hedge fund Davidson Kempner (DK), Canyon Capital Partners and Varde Partners have also agreed to a three-year private credit line, with each contributing $200 million. Canadian pension fund Omers is also expected to join with $100 million while the rest will be distributed among smaller funds.

Tata Motors and M&M had carved out their EV arms into separate subsidiaries and raised significant funds through stake sales in 2021 and 2022, respectively, at handsome valuations.

The earnings were also hurt by the rise in exploration cost write-off, which increased 76% year-on-year to Rs 4,469 crore in the fourth quarter.

On a sequential basis, net profit for the quarter rose multifold from just Rs 10 crore reported in the December quarter.Revenue from operations rose by a meager 2% to Rs 8,226 crore in the March quarter, as against Rs 8062 crore in the same quarter of last year.