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Time of India
2 days ago
- Business
- Time of India
Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance
Quant Small Cap Fund , the largest fund managed by Quant Mutual Fund , has increased its stake in Jio Financial Services , NCC , and eight other stocks in May. On the other hand, the fund reduced its stake in Aadhar Housing Finance and two other stocks in the same period. Around 33.68 lakh shares of Jio Financial Services were added to the portfolio taking the total number of shares to 5.59 crore in May against 5.26 crore in April. The fund added 1.55 crore shares of National Building Construction Corporation, followed by adding 4.05 lakh shares of NCC in the same period. Also Read | Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The new hoseless mobile air conditioner does not require installation (search now) Air Condition | Search Ads Search Now Undo The small cap fund added shares of SMS Pharmaceuticals , Bata India , Stanley Lifestyles , Alivus Life Sciences , Afcons Infrastructure , Poly Medicure , Bayer Cropscience to its portfolio in the said time period. The shares of Aadhar Housing Finance were reduced from the portfolio as around 10.82 lakh shares were sold taking the total number of shares to 16.39 lakh in May from 27.21 lakh in April. Live Events Around 7.28 lakh shares of HP Adhesives and 79,555 shares of Delhivery were sold out from the portfolio in the month of May. The fund added around 10 new stocks in its portfolio which included Vinati Organics , PG Electroplast , Newgen Software Technologies , Mahindra Holidays & Resorts, Laxmi Dental, K.P.R Mill, ITC , Chambal Fertilizers & Chemicals, Aditya Birla Lifestyle Brands, Aarti Industries in the mentioned period. Among these 10 stocks, around 3.22 crore shares of Aditya Birla Lifestyle Brands were added to the portfolio, followed by 36.36 lakh shares of Aarti Industries. The small cap fund made complete exit from five stocks which included Borosil Renewables, Emami, MOIL, Sandur Manganese, Shipping Corporation in the mentioned period. Out of these five stocks, around 43.49 lakh shares of Shipping Corporation of India were sold out, followed by 12.94 lakh shares of Sandur Manganese & Iron Ores. The exposure in 69 stocks remained unchanged in the month of May which includes Zydus Wellness, Adani Enterprises, Adani Power, Aditya Birla Fashion And Retail, Castrol India, EPL, Gujarat State Fertilizers & Chemicals, Jana Small Finance Bank, Juniper Hotels, Life Insurance Corporation of India, ONGC, RBL Bank, RIL, Welspun India, and Welspun Enterprises. The fund had around 92 stocks in its portfolio in May against 87 in April. The AUM of the fund was recorded at Rs 28,205 crore in May. Also Read | MF Tracker: Can this smallcap mutual fund add value to your portfolio? The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio of small cap companies. The fund is managed by Sandeep Tandon, Ankit Pande, Varun Pattani, Ayusha Kumbhat, Yug Tibrewal, Sameer Kate, Sanjeev Sharma. Quant Small Cap Fund is benchmarked against NIFTY SMALLCAP 250 TRI . The small cap fund invests the majority of its portfolio in small-cap stocks and the portfolio is constructed from both the medium-term and long-term perspective and this scheme is apt for long-term investors. The bulk of the portfolio is invested in high growth companies with attractive valuation and is relatively under-owned.
Time of India
23-05-2025
- Business
- Time of India
Best gilt mutual funds to invest in May 2025
Mutual fund advisors are recommending gilt funds to 'aggressive' or 'sophisticated' debt investors as they believe that gilt funds are likely to offer superior returns when the RBI may start cutting interest rates. They say gilt funds have the potential to offer double-digit returns in a falling interest rate scenario. If you want to benefit from a likely fall in interest rates, you may take a close look at gilt mutual funds . However, be forewarned: gilt funds are risky and they are extremely sensitive to changes or likely changes in the interest rate scenario. That is why these schemes are recommended to only informed investors who are ready to take risk and have a long investment horizon. Also Read | MF Tracker: Can this mega largecap fund add stability to your portfolio in volatile market? Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like '허리로 고생하시던 엄마가 '시원하다'는 말, 처음 하셨어요' pt 더 알아보기 Gilt funds are not recommended to regular debt investors because they are risky and volatile. Gilt funds suffer the most when the rates go up. The bond prices and yields move in opposite directions. When the rates go up, bond prices come down. This drags down the NAVs of schemes. What are gilt mutual funds? Gilt funds are debt mutual funds that invest in government-securities or G-secs. As per Sebi norms, these schemes must invest 80% of their corpus in government securities . As you see, these schemes invest in government papers or they lend to the government. Therefore, they don't have any credit risk or they face zero defaults. However, they are extremely sensitive to interest rate changes. Live Events These factors make investing in gilt funds extremely tricky. You should be well-informed about interest rate changes in the economy. For example, interest rates are supposed to go up in a few months. And interest rate cycles usually last for a few years. As said earlier, this will have an adverse impact on gilt schemes. Also Read | Mutual funds for beginners: What strategy should students adopt to start investing? Does that mean you should not invest in these schemes? Not really. But you should invest only if you have the time to wait for the interest rate cycle to turn around. This will help investors to benefit from soft interest rates. These schemes have the potential to offer double-digit returns when rates start falling or in anticipation of interest rate falls. Here are our recommended gilt schemes. Nippon India Gilt Securities Fund has been in the third quartile for the last nine months. The scheme had been in the fourth quartile earlier. Aditya Birla Sun Life Government Securities Fund has been in the third quartile for the last 13 months. Bandhan Government Securities Fund has been in the third quartile in the last three months. The scheme had been in the second quartile earlier. Please follow our monthly updates to keep track of your investments. Best gilt funds to invest in May 2025: Nippon India Gilt Securities Fund Bandhan G-Sec Fund SBI Magnum Gilt Fund ICICI Prudential Gilt Fund Aditya Birla Sun Life Government Securities Fund Methodology: has employed the following parameters for shortlisting the debt mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i)When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast. ii)When H <0.5, the series is said to be mean reverting. iii)When H>0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X =Returns below zero Y = Sum of all squares of X Z = Y/number of days taken for computing the ratio Downside risk = Square root of Z 4. Outperformance: Fund Return – Benchmark return. Rolling returns rolled daily is used for computing the return of the fund and the benchmark and subsequently the Active return of the fund. Asset size: For debt funds, the threshold asset size is Rs 50 crore
Economic Times
23-05-2025
- Business
- Economic Times
Best gilt mutual funds to invest in May 2025
iStock Gilt mutual funds are not recommended to regular debt investors because they are risky and volatile. Mutual fund advisors are recommending gilt funds to 'aggressive' or 'sophisticated' debt investors as they believe that gilt funds are likely to offer superior returns when the RBI may start cutting interest rates. They say gilt funds have the potential to offer double-digit returns in a falling interest rate scenario. If you want to benefit from a likely fall in interest rates, you may take a close look at gilt mutual funds. However, be forewarned: gilt funds are risky and they are extremely sensitive to changes or likely changes in the interest rate scenario. That is why these schemes are recommended to only informed investors who are ready to take risk and have a long investment horizon. Also Read | MF Tracker: Can this mega largecap fund add stability to your portfolio in volatile market? Gilt funds are not recommended to regular debt investors because they are risky and volatile. Gilt funds suffer the most when the rates go up. The bond prices and yields move in opposite directions. When the rates go up, bond prices come down. This drags down the NAVs of funds are debt mutual funds that invest in government-securities or G-secs. As per Sebi norms, these schemes must invest 80% of their corpus in government securities. As you see, these schemes invest in government papers or they lend to the government. Therefore, they don't have any credit risk or they face zero defaults. However, they are extremely sensitive to interest rate changes. These factors make investing in gilt funds extremely tricky. You should be well-informed about interest rate changes in the economy. For example, interest rates are supposed to go up in a few months. And interest rate cycles usually last for a few years. As said earlier, this will have an adverse impact on gilt Read | Mutual funds for beginners: What strategy should students adopt to start investing?Does that mean you should not invest in these schemes? Not really. But you should invest only if you have the time to wait for the interest rate cycle to turn around. This will help investors to benefit from soft interest rates. These schemes have the potential to offer double-digit returns when rates start falling or in anticipation of interest rate falls. Here are our recommended gilt schemes. Nippon India Gilt Securities Fund has been in the third quartile for the last nine months. The scheme had been in the fourth quartile earlier. Aditya Birla Sun Life Government Securities Fund has been in the third quartile for the last 13 months. Bandhan Government Securities Fund has been in the third quartile in the last three months. The scheme had been in the second quartile earlier. Please follow our monthly updates to keep track of your investments. Nippon India Gilt Securities Fund Bandhan G-Sec Fund SBI Magnum Gilt Fund ICICI Prudential Gilt Fund Aditya Birla Sun Life Government Securities Fund Methodology: has employed the following parameters for shortlisting the debt mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i)When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast. ii)When H <0.5,>iii)When H>0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X =Returns below zeroY = Sum of all squares of XZ = Y/number of days taken for computing the ratioDownside risk = Square root of Z 4. Outperformance: Fund Return – Benchmark return. Rolling returns rolled daily is used for computing the return of the fund and the benchmark and subsequently the Active return of the fund. Asset size: For debt funds, the threshold asset size is Rs 50 crore (Disclaimer: past performance is no guarantee for future performance.) 0.5,>
Time of India
23-05-2025
- Business
- Time of India
International mutual funds rally up to 12% in one month. Time to go global?
Being the only category to offer double-digit returns in the past month, international mutual funds have outperformed domestic equity mutual funds. International funds have offered an average return of around 11.68%, whereas domestic mutual fund categories have offered average return ranging between 0.47% to 8.37% in the mentioned period. There were 20 equity mutual fund categories including sectoral and thematic funds in the said period. Also Read | MF Tracker: Can this mega largecap fund add stability to your portfolio in volatile market? Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost of Dental Implants in Bishoftu Might Surprise You Dental implant | Search Ads Learn More Undo An expert noted that these gains were driven by geopolitical developments such as the Trump tariff announcements and trade deals. In recent months, international markets have seen increased volatility, influenced by country-specific events—for example, China 's major stimulus package announced in late September 2024 triggered a sharp market rally. Similarly, in the U.S., post-election speculation, tariff wars, and trade negotiations have heightened market activity. Commenting on domestic funds performance against stellar performance by international funds, Chethan Shenoy, Executive Director & Head - Product & Research, Anand Rathi Wealth Limited mentioned that such short-term rallies are often volatile and unsustainable as they are event driven, over a longer horizon, Indian markets have delivered stronger performance- Nifty 50 has a 5-year CAGR of 22.22%, while international funds averaged 14.58%. Live Events 'Actively managed funds such as Flexi Cap, Multi Cap and Large & Mid Cap funds have done even better, delivering 24.26%, 28.44% and 26.93% respectively, outperforming the index itself over the same 5-year timeline,' he added. Shenoy further adds that when we look at the long-term risk-adjusted returns of global markets, the U.S. and Indian markets have shown better efficiency compared to China, Hong Kong and Japan, whereas the domestic funds, on the other hand, have higher return potential with a wide range of categories to pick from. 'Indian markets offer easier access to data and are simpler to track, making them more suitable for investors. Given the complexity of global markets, well-diversified domestic funds remain the better choice for investors.' Among the 65 international funds, Nippon India Taiwan Equity Fund offered the highest return of around 29.51% in the said period. Invesco India - Invesco Global Consumer Trends FoF and Mirae Asset Global X Artificial Intelligence & Technology ETF FoF offered 23.18% and 21.51% returns, respectively in the mentioned period. Four international funds gave negative returns in the last month. ICICI Pru Strategic Metal and Energy Equity FoF lost the most of around 2.13%, followed by Axis US Treasury Dynamic Bond ETF FoF which lost 1.15% in the same period. DSP US Treasury FoF and Aditya Birla SL US Treasury 3-10 year Bond ETFs FoF lost 0.99% and 0.11% respectively in the same period. Also Read | Mutual funds for beginners: What strategy should students adopt to start investing? Among the 20 domestic equity mutual fund categories, banks and financial services funds have offered the lowest average return of around 0.47% in the last one month. Large cap funds gave an average return of around 2.40% in the same period and flexi cap funds gave 2.90% average return in the mentioned period. The large & mid-cap funds offered an average return of 3.27%, and multi cap funds gave 3.49% average return in the similar time frame. In the last one month, small cap funds delivered 4.15% average return whereas mid cap funds gave 4.70% average return. Auto sector based funds gave the highest average return of 8.37% in the same period. Even after international funds have delivered a stellar performance in the last one month over domestic funds, the expert doesn't recommend investing in international funds, but if one looks for global diversification in the portfolio, they can explore only upto 5 -10% of the overall portfolio. 'Investors can consider investing across the range of domestic diversified equity funds to get exposure across the range of categories and sectors to generate good alpha and returns in the long term,' Shenoy recommended. In the last month, Nasdaq has gained 18.91%, followed by DAX, which gained 13.75% in the same period. S&P 500 gained 13.31% in the mentioned period. The Hang Seng index went up by 11.337% in the same period. Dow Jones in the said period gained 9.67%, followed by NYSE, which gained 8.74% in the same period. The Indian benchmark indices - Nifty50 and BSE Sensex- went up by 2.85% and 2.76% respectively in the same period. After seeing the performance of international funds, investors wonder when and how they should review their portfolios if this gap continues between the global and domestic funds. Also Read | Why retail investors should consider STPs during volatile markets To answer this question, Shenoy said that several global and external factors drive international markets, making it difficult for investors to track and make informed decisions. 'As per the IMF projections, India is set to grow at 6.2 to 6.3% in the coming years, which is the highest among the developed economies and emerging ones like China. Inflation is under control with CPI at 3.14% for April, the lowest in six years and below the RBI's target. The interest rate environment is favourable, with lower inflation, controlled fiscal deficit, and anticipation of rate cuts pointing to a downward trend in rates.' 'April 2025 witnessed GST collections reaching an all-time high of Rs 2.37 lakh crore, reflecting strong consumption and economic momentum. The fiscal outlook remains stable, with the fiscal deficit for FY26 projected at 4.4%, supported by robust revenue generation from direct taxes.' Considering these factors, Shenoy advises not allocating a significant portion to international funds. International funds cater to different broad international markets, commodities, foreign indices, among others, and to sum it up, the performance of the scheme will depend on under which geography your money is invested. That means you should pay extra attention to your investments in international funds. Pay extra attention to which geography or indices you are investing in. One should always choose a scheme based on risk appetite, investment horizon, and goals. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Economic Times
22-05-2025
- Business
- Economic Times
Axis AMC announces final close of Axis Structured Credit AIF II at Rs 740 crore
Axis Asset Management Company announces the final close of Axis Structured Credit AIF II, successfully raising commitments of approximately Rs 740 crore. The fund has garnered significant interest from investors, reinforcing the firm's position in the structured credit investment fund received strong backing from a diverse investor base, with close to more than half of commitments coming from institutional investors, including insurance companies, corporates (both listed and unlisted), and family offices. The remaining commitments were secured from HNIs and wealth management channels, underscoring the trust and confidence placed in Axis AMC's expertise in structured credit investments, according to a release by the fund house. Also Read | MF Tracker: Can this mega largecap fund add stability to your portfolio in volatile market? 'The successful close of Axis Structured Credit AIF II reflects our continued commitment to providing investors with high-quality credit investment opportunities. The strong participation from institutional and wealth investors underscores confidence in our ability to navigate evolving market dynamics and deliver superior risk-adjusted returns. This fund aligns with our broader vision of offering innovative investment solutions that cater to sophisticated capital allocators," said B. Gopkumar, MD & CEO, Axis AMC. Axis Structured Credit AIF II aims to create a highly diversified portfolio, ensuring prudent risk management through disciplined exposure limits the fund will primarily focus on structured credit opportunities, with most of the individual deals ranging between Rs 50-65 crore, enabling capital deployment across select assets, while investing not more than 10% of fund size in a single fund will primarily focus on structured credit opportunities, with most of the individual deals ranging between Rs 50-65 crore, enabling precise capital deployment across select assets, while ensuring not to invest more than 10% in a single security for each deal size. Also Read | Mutual funds for beginners: What strategy should students adopt to start investing?With a total tenure of five years from its first close in October 2023, the fund will actively capitalize on prevailing liquidity conditions, transitioning toward shorter-term bonds and enhanced corporate debt exposure. As liquidity remains abundant, the fund is positioned to take advantage of tightening credit spreads and robust corporate balance sheets, ensuring well-calibrated investment strategies. "We believe structured credit presents a compelling opportunity in today's dynamic market environment. With Axis Structured Credit AIF II, our approach has been to offer bespoke financial solutions, through well structured transactions to key relationship clients. Our commitment to disciplined risk management and diversification remains at the core of our strategy, ensuring sustainable value creation for investors," said Nachiket Naik, Head – Structured Credit, Axis AMC. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
