Latest news with #Mirae
The Hindu
3 days ago
- Sport
- The Hindu
Fourth Wing beats favourite Money Bags to the F.D. Wadia Trophy
The 15 to 1 longshot Fourth Wing, ridden by Yash Narredu, sprang a surprise by beating first favourite Money Bags, in the F.D. Wadia Trophy, the feature event of Saturday's (Aug. 16) races here. The winner is owned by Mrs. Pragya Devgan & Mr. Ritvik Devgan rep. Niche Agriculture & Pharmaceuticals Ltd., Mr. Dinsha P. Shroff, Mr. Munchi P. Shroff, Mrs. Aban N. Chotia, Mr. Waahiid Ali Khan rep. Sshaawn Horses and Sports Pvt. Ltd., Mr. Anil Saraf & Mrs. Ayesha A. Hussain. Aman Altaf Hussain trains the winner. 1. GOLDEN GUEST PLATE (1,000m): NEW YORKER (C. Umesh) 1, Samson (A. Prakash) 2, Mirae (Sandesh) 3 and We Still Believe (Aditya) 4. 1-3/4, Neck and 2-1/2. 59.08s. ₹89 (w), 26 and 24 (p). SHP: 83, FP: 825, Q: 135, Tanala: 830 and 222. Favourite: Mirae. Owners: M/s. Kishore M. Dingra, Rajendra S. Lokahnde, Roopesh M. Kaul rep. Phantom Racing LLP, Mr. Waahiid Ali Khan rep. Sshaawn Horses and Sports Pvt. Ltd., Mr. Purthu K. Dayal, Mr. Syed Mehmood Ahmed, Mr. Vishwajeet Vinayakrao Jadhav & Mr. Ajay K. Arora. Trainer: Narendra Lagad. 2. MYSORE RACE CLUB TROPHY (2,000m): THALASSA (A. Sandesh) 1, Golden Kingdom (Antony Raj) 2, Coeur De Lion (A. Prakash) 3 and Ruling Dynasty (Ramswarup) 4. Not run: Regal Command. 8, 19 and 5-3/4. 2m 4. 68s. ₹10 (2), 10 and 13 (p). SHP: 14, FP: 16, Q: 13, Tanala: 48 and 29. Favourite: Thalassa. Owners: Mr. Cowas D. Bajan, Mr. Ajay Jalan rep. Ultimo Stud Farm Pvt. Ltd., Mr. Thanniru Srinivas, Mr. Ranjit Pai, Mr. Narendra Kumar Ambwani & Mr. Chanakya Sanjeevkumar Gaur. Trainer: Faisal A. Abbas. 3. JANARDHAN SALVER (1,400m): LIAM (P. Trevor) 1, Come September (C. Umesh) 2, Finch (Bhawani) 3 and Believe (Mukesh K) 4. 1-3/4, 1-1/2 and 3/4. 1m 26. 82s. ₹17 (w), 10, 20 and 20 (p). SHP: 36, FP: 56, Q: 36, Tanala: 156 and 93. Favourite: Liam. Owners: Miss. Nazzak B. Chenoy & Mr. Sultan Singh rep. Sohna Stud Farm Pvt. Ltd. Trainer: Nazzak B. Chenoy. 4. SU CHALIYO PLATE (1,200m): TIMELESS FORTUNE (Yash Narredu) 1, El Moran (C. Umesh) 2, Trail Blazer (N. Bhosale) 3 and Mulan (Trevor) 4. Not run: Bezalel. 3-1/2, 3-1/4 and 2-1/2. 1m 9. 70s. ₹13 (w), 10, 19 and 36 (p). SHP: 41, FP: 51, Q: 40, Tanala: 296 and 214. Favourite: Timeless Fortune. Owners: M/s. Rajesh Monga, Manav Monga, Jatin L. Trivedi & Nitin H. Jain rep. J.N. Racing & Breeders LLP, Mrs. B.E. Saldhana & Mr. & Mrs. Shapoor P. Mistry rep. Manjri Horse Breeders' Farm Pvt. Ltd. Trainer: M. Narredu. 5. F.D. WADIA TROPHY (1,400m): FOURTH WING (Yash Narredu) 1, Money Bags (Antony Raj) 2, Encino (Akshay K) 3 and Bishop (A. Prakash) 4. Long Neck, 5-1/4 and 1-1/4. 1m 24. 92s. ₹96 (w), 37, 10 and 17 (p). SHP: 42, FP: 998, Q: 244, Tanala: 1,926 and 1,297. Favourite: Money Bags. Owners: Mrs. Pragya Devgan & Mr. Ritvik Devgan rep. Niche Agriculture & Pharmaceuticals Ltd., Mr. Dinsha P. Shroff, Mr. Munchi P. Shroff, Mrs. Aban N. Chotia, Mr. Waahiid Ali Khan rep. Sshaawn Horses and Sports Pvt. Ltd., Mr. Anil Saraf & Mrs. Ayesha A. Hussain. Trainer: Aman Altaf Hussain. 6. MAGANSINGH P. JODHA TROPHY (1,400m): MERLET (Mukesh Kumar) 1, Jackson (Sandesh) 2, Tyrannus (Trevor) 3 and Saseka (Neeraj) 4. 2-1/4, 3/4 and 1/2. 1m 27. 08s. ₹30 (w), 14, 19 and 13 (p). SHP: 94, FP: 282, Q: 213, Tanala: 716 and 158. Favourite: Enforcer. Owners: M/s. Ketan S. Wakkar, Amit V. Menda, Chirag V. Shah, Anil V. Poduval, Amarjeet Singh Narula, Shivam Amarnath Mishra, Rajiv Tinaikar & Mrs. Minal Pitale, Mr. Suresh Pitale & Mr. Nihar Pitale rep. Green Turf Racing LLP. Trainer: S. Waheed. 7. WAVES OF GLORY PLATE (1,200m): RED MERLOT (A. Prakash) 1, Ariyana Star (Trevor) 2, Lion King (Aditya) 3 and Northern Singer (Avinash) 4. Short Head, 3/4 and 3-3/4. 1m 10. 63s. ₹24 (w), 12, 10 and 22 (p). SHP: 21, FP: 59, Q: 21, Tanala: 116 and 59. Favourite: Ariyana Star. Owners: Mr. Laxmikumar Goculdas rep. B.S. Services Pvt. Ltd. Trainer: Narendra Lagad. Jackpot: 70%₹4,099 (160 tkts.), 30%: 512 (549 tkts.). Treble: (i) 947 (33 tkts.). Super Jackpot: 70%: 3,001 (19 tkts.), 30%: 429 (57 tkts.).
Time of India
03-07-2025
- Business
- Time of India
Top 10 mutual funds to invest in July 2025
Many new and relatively-inexperienced investors always look for top mutual funds to invest in. They ask their friends or colleagues or in some mutual fund forums for top or best schemes while starting their investment journey or while deciding to invest extra money. But most of them are not satisfied with the answers they get from the internet or friends due to different reasons. An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season. Also Read | Defence sector based MFs rally up to 60% in 3 months. Will the momentum continue? 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 Indonesia: Unsold Sofas at Bargain Prices (View Current Prices) Sofas | Search Ads Search Now Undo Friends or colleagues may give you names of schemes they like or they are investing. Again, there is no guarantee the schemes are indeed suitable for you. Some people never proceed beyond collecting names of top funds because a lingering doubt about the veracity of the names always holds them back. No wonder, many investors keep visiting mutual fund forums for validation for years - even after they start investing. Live Events That is why ETMutualFunds decided to put out a list of top 10 mutual fund schemes. We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes – which we believe should be enough for regular mutual fund investors. There are caveats: read till the end to ensure you are picking up the best scheme for you. Also Read | Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds! List of top 10 schemes: Canara Robeco Bluechip Equity Fund Mirae Asset Large Cap Fund Parag Parikh Flexi Cap Fund HDFC Flexi Cap Fund Axis Midcap Fund Kotak Emerging Equity Fund Axis Small Cap Fund SBI Small Cap Fund SBI Equity Hybrid Fund Mirae Asset Hybrid Equity Fund Here are some pointers you should keep in mind while investing in these schemes. First, find out about each category and whether it is suited to your investment objective and risk profile. Aggressive hybrid funds Aggressive hybrid schemes (or erstwhile balanced schemes or equity-oriented hybrid schemes) are ideal for newcomers to equity mutual funds. These schemes invest in a mix of equity (65-80%) and debt (20-35). Because of this hybrid portfolio they are considered relatively less volatile than pure equity schemes. Aggressive hybrid schemes are the best investment vehicle for very conservative equity investors looking to create long-term wealth without much volatility. Large cap funds Some equity investors want to play safe even while investing in stocks. Large cap schemes are meant for such individuals. These schemes invest in top 100 stocks and they are relatively safer than other pure equity mutual fund schemes. They are also relatively less volatile than mid cap and small cap schemes. In short, you should invest in large cap schemes if you are looking for modest returns with relative stability. Flexi cap funds A regular equity investor (one with a moderate risk appetite) looking to invest in the stock market need not look beyond flexi cap mutual funds (or diversified equity schemes). These schemes invest across market capitalisations and sectors, based on the view of the fund manager. A regular investor can benefit from the uptrend in any of the sectors, categories of stocks by investing in these schemes. Small cap, mid cap funds What about aggressive investors looking to pocket extra returns by taking extra risk? Well, they can bet on mid cap and small cap schemes. Mid cap schemes invest mostly in medium-sized companies and small cap funds invest in smaller companies in terms of market capitalisation. These schemes can be volatile, but they also have the potential to offer superior returns over a long period. You can invest in these mutual fund categories if you have a long-term investment horizon and an appetite for higher risk. Finally, any search starting with the word 'best' or 'top' is unlikely to offer you the best solution. You should always choose a scheme that matches your investment objective, horizon, and risk profile. If you do not understand the basic mutual fund concepts or are totally new to mutual funds and investing, you should always seek the help of a mutual fund advisor. If you are looking for our recommendations in various mutual fund category, see: Best mutual funds to invest Methodology for hybrid funds: 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 i) Equity portion: It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market. Average returns generated by the MF Scheme = [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate} ii) Debt portion: 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. 5. Asset size: For Hybrid funds, the threshold asset size is Rs 50 crore Methodology for equity funds: ETMutualFunds has employed the following parameters for shortlisting the equity 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 is less than 0.5, the series is said to be mean reverting. iii) When H is greater than 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: It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market. Average returns generated by the MF Scheme = [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate} 5. Asset size: For Equity funds, the threshold asset size is Rs 50 crore.
Mint
28-06-2025
- Business
- Mint
Smallcap valuations mixed, earnings visibility key; bullish on lending, healthcare, says Mirae Asset's Varun Goel
Valuations in the small-cap segment are not uniform, with some stocks appearing expensive while others continue to offer attractive entry points, says Varun Goel, Senior Fund Manager at Mirae Asset Investment Managers (India). In an interview with Livemint, Goel shares his outlook on the Indian stock market against the backdrop of global geopolitical uncertainty and explains why he remains optimistic about a growth rebound in FY26. He also offers insights into the sustained investor interest in small-cap funds, sectoral preferences, and why Mirae prefers staying fully invested rather than sitting on cash during volatile times. Edited excerpts: FY26 should be the year for growth rebound for India. We expect that significant monetary easing, tax cuts and good agricultural production and strong recovery in central government capex spending should lead to recovery in GDP growth and corporate earnings. Geopolitical tensions — whether stemming from trade disruptions, regional conflicts, or energy market instability — are undoubtedly contributing to near-term volatility. However, when we move past the headlines, the Indian growth story continues to look promising. Credit growth and corporate earnings should recover, and infrastructure-led capex is gathering momentum. In our view, this is a time to stay engaged and build portfolios with structural resilience. Small-caps are inherently more volatile, and sharp corrections are part of the cycle. Historical trends show that when macro and sentiment-related headwinds ease, this segment tends to rebound strongly. We are focusing on smallcap businesses that have robust earnings visibility, prudent balance sheets, and scalable business models. Over a 3–5 year horizon, these can emerge as meaningful compounders. These inflows in smallcap mutual funds suggest a maturing investor base that is more aligned with long-term investing. A large part of these flows is driven by systematic investment plans (SIPs), where investors continue to participate despite short-term volatility. This is a healthy development. Rather than reacting to market noise, investors are treating corrections as opportunities. Often, such disciplined participation can lay the foundation for stronger long-term outcomes — especially in the smallcap space, where recoveries can be sharp. Valuations in the smallcap segment are not uniform. While some areas are definitely trading at stretched levels, others still offer attractive entry points. One should avoid getting carried away and chasing overheated stories. We take a bottom-up view — valuation is justified only when it's backed by strong fundamentals such as earnings growth, capital efficiency, and a clear path to scalability. Selectivity is crucial in this phase. We remain constructive on the lending space. The significant monetary easing carried out this year should lead to healthy growth for small banks, SFBs and NBFCs. The healthcare segment is geared towards healthy medium term compounding with hospitals and diagnostics space seeing a strong shift from unorganized to organized. Also, we see secular growth opportunities in CRAMS (contract research and manufacturing) space. The portfolio is more geared towards capturing domestic economic recovery stories in BFSI, Auto, Capital goods and manufacturing and cautious on export segments. At Mirae Asset, we don't believe in holding large amounts of cash as a strategic stance. We prefer to remain fully invested in high-conviction ideas. Sitting on the side lines risks missing out on quality opportunities that often emerge during periods of dislocation. In the smallcap universe, fund size can influence operational flexibility. Smaller funds are typically more agile in building meaningful positions in emerging companies where liquidity is tight. That said, efficiency is not purely about size — it's about the robustness of the investment process. What matters is the quality of research, portfolio construction, and risk management. Ultimately, it is the consistency and discipline in execution that drive outcomes — not just fund size. Read all Stock Market news here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
25-06-2025
- Business
- India Today
HDB Financial opens today: Should you subscribe to the biggest IPO of 2025?
HDB Financial Services' initial public offering (IPO), the largest in 2025 so far, opened for bidding on Wednesday, June 25, and will remain open until June Rs 12,500 crore issue is expected to draw strong interest from investors, given the company's connection to HDFC Bank and its large reach across underserved markets in IPO consists of a fresh issue of 3.38 crore shares worth Rs 2,500 crore, and an offer-for-sale (OFS) of 13.51 crore shares, totalling Rs 10,000 crore. The price band is set at Rs 700 to Rs 740 per CAN INVEST AND WHAT IS MINIMUM AMOUNT?For retail investors, the minimum application size is one lot of 20 shares, which comes to Rs 14,000. However, to improve chances in the case of high demand, bidding at the cutoff price of Rs 740 is recommended. This would mean an investment of Rs 14,800 per small non-institutional investors (sNII), the minimum investment is 14 lots (280 shares), totalling Rs 2,07,200. For big non-institutional investors (bNII), the minimum bid is 68 lots (1,360 shares), or Rs 10,06, DOES HDB FINANCIAL DO?HDB Financial is India's second largest non-banking financial company (NBFC) by size. It mainly provides loans to customers who are usually ignored by traditional banks, especially those with little or no credit than 80% of its branches are in areas outside the 20 biggest cities in India, and over 70% are in smaller towns (Tier 4 and beyond).The company offers many types of loans, including those for small businesses, vehicles, and personal needs. It also offers services such as insurance distribution and BPO support for its parent company, HDFC 'phygital' model, combining physical branches with digital services, helps it reach a wide customer base. HDB also has in-house tele-calling teams and external sales FINANCIALS AND PERFORMANCEMirae Asset Capital Markets said that HDB has shown strong growth in assets under management (AUM), rising by 24% annually between FY23 and FY25. It added that the company maintains a margin between 7.5% and 8% and reported a return on assets (ROA) of 2.2% and return on equity (ROE) of 14.7% in Mirae also pointed out that the cost-to-income (C/I) ratio remained on the higher side, at above 40%, due to the company's focus on a wide distribution network. Its gross non-performing assets (GNPA) stood at 2.26%, and the provision coverage ratio (PCR) dropped to 56% in FY25 from 67% the year brokerage said the IPO is valued at 3.5 times its post-issue book value, calling it 'fully priced' given the company's business model and current return profile. 'Though, the company may benefit from the strong HDFC brand going forward,' Mirae BROKERS ARE SAYINGBajaj Broking recommended subscribing to the IPO with a long-term view of 3–5 years. 'The company has demonstrated consistent growth, with a 22–29% year-on-year increase in AUM and a 24% rise in its customer base,' it it also cautioned about pressure on profits due to higher provisioning and a rise in stage-3 assets (NPAs). The brokerage believes HDB's strengths lie in its strong parentage, wide branch network, and diversified loan book.'Investors with a medium- to long-term outlook may find the issue attractive, provided the company sustains growth while improving operating efficiency and asset quality post-listing,' Bajaj Broking MARKET PREMIUM (GMP) According to market watchers, the latest grey market premium (GMP) for the HDB Financial IPO is Rs 74 as of 7:35 am on June 25. Based on the upper end of the price band (Rs 740), the expected listing price is around Rs 814, suggesting a possible gain of 10% on listing allotment of shares is expected to be finalised by Monday, June 30. The listing is likely to take place on both the BSE and NSE on Wednesday, July 2, The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
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Business Standard
16-06-2025
- Business
- Business Standard
Fund houses plan retail-focused schemes at Gift City for overseas play
Mirae and Tata among fund houses set to offer retail schemes from Gift-IFSC as clarity on regulation and tax drives investor interest in overseas diversification Khushboo Tiwari Mumbai Listen to This Article At least five mutual fund houses, including Mirae Asset Investment Managers and Tata Asset Management, are planning to launch retail schemes in the Gift-IFSC to tap into non-resident investors (NRIs) and local individuals seeking overseas exposure. These would be the first retail schemes from the financial hub, which has so far seen rising interest from alternative investment funds (AIFs). While two fund houses have firmed up their plans for retail schemes and the launch is expected in the next few months, sources said that three more have approached the International Financial Services Centre Authority (IFSCA), a unified regulator for the
