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Mint
2 days ago
- Business
- Mint
Why is smart money chasing these three blue chip stocks?
Who owns a larger stake in India's top companies at present – Indian or foreign institutions? The latest ownership report by Motilal Oswal Financial Services (MOFSL) reveals a clear shift in market dynamics, with domestic institutional investors (DIIs) now holding a larger stake in India's leading companies than foreign institutional investors (FIIs). This changing balance of power has been steadily gaining momentum since 2021 as homegrown capital continued to flow into the market at a record pace. DIIs – comprising mutual funds, insurance companies and pension funds – poured $19.7 billion into Indian equities in the previous quarter alone, leaving FIIs far behind with investments of just $5.4 billion. While this highlights the growing dominance of domestic investors in shaping market trends, there are also instances in which the two have moved in tandem, raising their stakes in certain companies. Here are three blue chip stocks that have recently seen such dual buying interest. #1 Bajaj Finserv A part of the Bajaj Group, the company offers financial services such as financing, insurance, broking and investing. It also distributes these on digital platforms through subsidiaries and joint ventures. It is also in the business of generating power through wind turbines, a renewable energy source. Here's how DII and FII shareholdings increased in the June quarter. In April, Bajaj Finserv's subsidiary Bajaj Finserv Asset Management Company (AMC) introduced two new passive funds — Bajaj Finserv Nifty 50 Index Fund and Bajaj Finserv Nifty Next 50 Index Fund. These open-ended funds are designed to help investors grow their money over the long term by closely following the performance of their benchmark indices. They offer investors a low-cost, transparent, and efficient way to gain exposure to India's large-cap equity market. In June the company launched Bajaj Finserv Small Cap Fund, an open-ended equity scheme focused on small-cap stocks. Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy. For more details, see the company fact sheet and quarterly results. #2 Mazagon Dock Shipbuilders Mazagon Dock Shipbuilders Limited (MDL) established in 1774, is a prominent shipyard in Mumbai. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. The company is among India's leading shipbuilding yards, specialising in constructing and repairing warships and submarines for the ministry of defence and commercial enterprises. It is the only Indian shipyard to have built destroyers and conventional submarines for the navy, among the first to have manufactured Veer and Khukri-class corvettes, and a lead builder of four Nilgiri-class stealth frigates. It is the only shipyard with Navratna status. Here's how DII and FII shareholdings increased in the June quarter. In June the company announced the proposed acquisition of a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka's largest and most well-established shipyard. The acquisition is valued at up to $52.96 million. This would mark the company's first international venture and represent a significant step in its evolution from a domestic shipbuilder into a regional maritime player with global ambitions. The company now plans to increase production capacity for larger and more advanced military vessels. For more details, see the company fact sheet and quarterly results. #3 Waaree Energies Waaree Energies is a leading solar module manufacturer with integrated capabilities across the energy transition value chain, spanning cells, inverters, batteries and green hydrogen. It's an Indian manufacturer of solar PV modules with an aggregate installed capacity of 15 gigawatt (GW) as of 31 March, making it India's largest solar panel manufacturer. Waaree has five manufacturing units across India, four in Gujarat (Surat, Tumb, Nandigram, and Chikhli) and one in Uttar Pradesh (Noida). It also has a nationwide network of more than 334 franchisees. From March to June, FIIs increased their stake in the company from 0.7% to 2.7%, while DIIs raised their stake from 2.5% to 2.9%. This could be because Waaree Solar Americas, a wholly owned subsidiary of Waaree Energies, received an order on 27 June for the supply of 540MW of solar modules – 270 MW to be delivered in 2025 and another 270 MW between 2027 and 2028. The company's board also approved the acquisition of Kamath Transformers Pvt. Ltd. for ₹290 crore. The acquisition is part of Waaree Energies' business expansion and will be completed in the current fiscal year. It will acquire 100% shareholding in Kamath Transformers for a cash consideration. In line with its growth strategy, the solar PV module manufacturer has also announced plans to expand its manufacturing presence in the US, particularly in Texas, aiming to increase capacity to 3 GW by FY26. For more details, see the company fact sheet and quarterly results. Conclusion Dual buying by domestic and foreign institutions often signals strong confidence in a company's fundamentals, growth potential and resilience. However, it is not a guarantee of future returns. Though these stocks often provide stability and good long-term growth potential, they can still experience ups and downs in the short term. It's important to look closely at a company's earnings potential, how it compares with others in the sector, and whether its stock price is reasonable, rather than blindly follow the moves of big investors. Investors should carefully evaluate these companies' fundamentals, corporate governance, and valuations as key factors before making an investment decision. Happy investing! Disclaimer:This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here. This article was syndicated from
India.com
06-08-2025
- Business
- India.com
Mukesh Ambani's another BIG move in this sector, launches NFO for…, partners with…
JioBlackRock Asset Management Pvt Ltd a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock on Tuesday announced the launch of its first set of five index funds under a New Fund Offering (NFO). The NFO will commence on August 5, 2025, and close on August 12, 2025, Jio BlackRock Asset Management Pvt said in a statement. JioBlackRock NFO For 5 Index Funds This marks a pivotal moment in the organisation's mission to deliver diversification, cost efficiency, reliability, transparency, and digitally empowered investment solutions to Indian investors, it said. The five index funds include Nifty 50 Index Fund, Nifty Next 50 Index Fund, and Nifty 8-13 year G-Sec Index Fund, it said. These funds offer simple, affordable investment solutions to both first-time investors looking to build a well-balanced portfolio, as well as experienced investors looking to scale their existing portfolio, it said. The fund house had mobilised Rs 17,800 crore from maiden NFO. The fund was garnered from three cash/debt mutual fund schemes JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. Paytm Money Partners With JioBlackRock Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a wealth-tech platform, has partnered with JioBlackRock Asset Management to offer easy access to its five Index Fund New Fund Offers (NFOs), directly through the Paytm Money app. As a Direct Mutual Fund platform, Paytm Money offers zero commission on mutual fund investments, along with no hidden charges and zero cost on account opening. Following the successful debut of JioBlackRock's initial NFOs, which saw robust retail participation with over 7,000 successful transactions on the Paytm app, 45 per cent of these transactions were through SIPs. (With Inputs From PTI)
News18
05-08-2025
- Business
- News18
Jio BlackRock Launches 5 New Index Funds Today; Here's How To Invest With Just Rs 500
Last Updated: JioBlackRock Asset Management launched five new index funds in its latest NFO, open from August 5 to 12. JioBlackRock: After a successful inception with three New Fund Offerings (NFOs), JioBlackRock Asset Management Company has rolled out five new index funds as part of its latest NFO. The subscription window opens on August 5 and closes on August 12. This is the company's first suite of index-based offerings, aimed at providing cost-effective, diversified investment options for retail investors across various asset classes. New Funds On Offer: JioBlackRock Nifty 50 Index Fund – Tracks India's top 50 blue-chip companies. JioBlackRock Nifty Next 50 Index Fund – Focuses on the next tier of large-cap stocks. JioBlackRock Nifty Midcap 150 Index Fund – Provides exposure to India's mid-sized companies. JioBlackRock Nifty Smallcap 250 Index Fund – Targets emerging growth firms in the small-cap space. JioBlackRock Nifty 8–13 Yr G-Sec Index Fund – Offers access to long-duration government bonds. tags : NFO view comments Location : New Delhi, India, India First Published: August 05, 2025, 12:31 IST News business » savings-and-investments Jio BlackRock Launches 5 New Index Funds Today; Here's How To Invest With Just Rs 500 Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
30-04-2025
- Business
- Business Standard
UTI AMC slides as Q4 PAT tanks 46% to Rs 87 crore; declares dividend of Rs 48/sh
UTI Asset Management Company tumbled 2.30% to Rs 1,050.75 after the company's consolidated net profit tanked 46.26% to Rs 87.46 crore in Q4 FY25, compared with Rs 162.76 crore in Q4 FY24. Total revenue from operations fell 9.65% YoY to Rs 375.91 crore during the quarter. Profit before tax stood at Rs 154 crore in Q4 FY25, down by 29.34% from Rs 217.96 crore in Q4 FY24. The total assets under Management (AUM) for UTI Asset Management Company stood at Rs 21,05,349 crore. Equity assets (Active + Passive) contributed 69% to UTI MFs total average AUM. As on 31 March 2025, UTI MFs quarterly average assets under management (QAAUM) was Rs 3,39,750 crore. The ratio of equity-oriented QAAUM to non-equity-oriented QAAUM stood at 69:31, compared to the industry ratio of 60:40. The total number of live folios as of 31 March 2025 was 1.33 crore. Gross inflows mobilized through SIP for the quarter ended 31 March 2025 totaled Rs 2,215 crore. SIP AUM as of the quarter-end stood at Rs 37,591 crore, reflecting a growth of 22.26% compared to 31 March 2024. Digital purchase transactions increased to 49.71 lakh for the quarter ended 31 March 2025, marking a 42% rise compared to the same quarter in 2024. Imtaiyazur Rahman, managing director & chief executive officer, UTI AMC said, Financial Year 2025 has been an important one for UTI AMC in many aspects. The growth we witnessed reflects the resilience of our strategies and the confidence our investors have placed in us. We continue to have a strong hold in B30 cities vis-vis industry and to strengthen our presence further; we opened 68 new UTI Financial Centres across the length and breadth of the country. Another key milestone was the 25th anniversary of our Nifty 50 Index Fund, a testament to the trust our investors and stakeholders have in us. Considering the increased demand for diversification, we launched UTI Quant Fund in January 2025, followed by two additional passive funds, expanding our range of innovative investment solutions. We continue to offer competitive solutions to our investors and partners to make the most of the growth opportunities arising in this era of Viksit Bharat and create value for our stakeholders. The board of directors of the company has proposed a final dividend of Rs 26 per equity share and an additional special dividend of Rs 22 per equity share, taking overall final dividend to Rs 48 per equity share for financial year 2024-2025. The same is subject to the approval of shareholders at the ensuing annual general meeting. UTI Asset Management Company (UTI AMC) is Investment Manager to UTI Mutual Fund. It is incorporated under the Companies Act, 1956 and was approved to act as an Asset Management Company for UTI Mutual Fund by SEBI on 14th January 2003. UTI AMC is registered as Portfolio Manager with SEBI and through its subsidiary it acts as Fund manager for AIF, among others. It also has a countrywide network of branches along with a diversified distribution network.
Mint
29-04-2025
- Business
- Mint
8 new fund offers are lined up for investors as Indian stock market starts rising again. See details
The Sensex and the Nifty 50 rose over 1 per cent each amid largely positive global cues on Monday. The Sensex jumped 1.4 per cent, while the Nifty 50 spiked 316 points, or 1.3 per cent, to reclaim the level of 24,355. On Tuesday, however, the market ended flat. In the past few days, markets have been on an upswing with concerns regarding trade tariffs abating and foreign investors becoming net buyers during the second half of April. Amid this renewed bull run, mutual fund houses have also announced a number of new fund offers, most of which are passive schemes. Bajaj Finserv Nifty 50 Index Fund: Launched on April 25, this new fund offer will close on May 9. This is an index fund which will track the performance of Nifty50. DSP Silver ETF Fund of Fund: Launched by DSP Mutual Fund, this scheme falls in the category of fund of funds (domestic). It was launched on April 28 and will close on May 9. It seeks to generate returns which are in line with the performance of physical silver in domestic prices. Edelweiss BSE Internet Economy Index Fund: Launched by Edelweiss Mutual Fund on April 25, this scheme will close for investors on May 9. This is an index fund which will track the returns of the BSE Internet Economy Total Return Index. SBI Income Plus Arbitrage Active FOF: Launched by SBI Mutual Fund, this fund offer was opened on April 23 and will close on April 30. The objective of the scheme is to generate regular income and capital appreciation by investing in a blend of units of actively managed debt-oriented schemes and actively managed arbitrage mutual fund schemes. Groww Gilt Fund: Launched by Groww Mutual Fund on April 23, this new fund offer is a debt scheme (Gilt fund) that will close on May 7. It seeks to generate credit risk-free returns by predominantly investing in sovereign securities issued by the central and state governments. Motilal Oswal Infrastructure Fund: Launched on April 23, this sectoral/thematic scheme's offer will close on May 7. The scheme will primarily invest in the stocks of companies that are operating in India's infrastructure sector. Nippon India Nifty 500 Low Volatility 50 Index Fund: Launched on April 16, the new fund offer will close on April 30. Investment in this scheme will provide returns commensurate with the total returns of the securities as represented by the Nifty 500 Low Volatility 50 Index. Nippon India Mutual Fund has also launched another fund offer — the Nifty 500 Quality 50 Index Fund. The offer was launched on April 16 and will close on April 30. UTI Multi Cap Fund: Launched by UTI Mutual Fund on April 29, this multi cap scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies across the market cap. The offer will close on May 13. Visit here for all personal finance updates. First Published: 29 Apr 2025, 05:31 PM IST
