wealthforumtv

We will stay the course and I am sure we will create wealth. But every five years, there are a couple of years which are a bad patch, says Aashish Somaiyaa, MD & CEO, Motilal Oswal AMC. Excerpts:

Kotak Mahindra Asset Management and Axis Asset Management on Thursday moved the Bombay High Court seeking a direction to the crippled mortgage lender DHFLNSE 4.89 % to disclose all its assets and liabilities. The petitioners also prayed for a temporary restraint on DHFL to prevent it from making further payments/disbursements to secured and unsecured creditors, except certain payments made on pro-rata basis to secured creditors.

Krishna Sanghavi, who has served as the Head of Equities at Canara Robeco Mutual Fund, is joining the Mahindra Mutual Fund as the Chief Investment Officer (CIO). According to sources, Sanghvi will take charge of both equity and debt investments of the AMC from November 1.

Industry veteran Krishna Sanghavi will be joining Mahindra Mutual Fund as the Chief Investment Officer with effect from November 1, two sources told Moneycontrol. Sanghavi, who had joined Canara Robeco Mutual Fund as Head of Equities in September 2018, quit the fund house last month.

It’s a rarity in the mutual fund industry for a fund house to have best performing schemes across almost all the categories. Axis Mutual Fund has achieved this feat. Its schemes have outperformed peers and the benchmark indices over the one-year and three-year periods by 5-12% across large cap, multi cap, blue chip and small cap categories.

Canara Robeco Emerging Equities Fund, the third largest scheme in the large & mid cap category, has consistently outdone its benchmark and peers. The scheme has managed to stay in the top quartile in six out of the last 10 calendar years. It is the topper in the last five- and 10-year periods, with 13% and 18% returns respectively.

Decades ago, legendary investor Philip Fisher had made ‘investing in innovation’ almost into an art form, and his concentrated portfolio of stocks had a fair share of ideas — and revenue streams — that belonged very much to the future. That appears to be the investment philosophy of the money managers at Kotak Pioneer Fund, which is seeking to generate alpha from a portfolio of companies that are pioneers in their respective fields — and have ‘innovation moats’ to protect new lines of business models and generating long-term returns.

“We try to mitigate risk through portfolio diversification and avoid concentrated bets. Exposure to any individual mid or small cap stock is restricted to not more than 3.50% of the portfolio,” says Miyush Gandhi, Fund Manager, Canara Robeco Mutual Fund, in an interview to ETMutualFunds.Com.

Aditya Birla Sun Life AMC has launched Aditya Birla Sun Life Banking ETF, an open-ended exchange traded fund (ETF) tracking Nifty Bank Index. The new fund offer (NFO) is open for subscription. It will close on October 22.

SBI Mutual Fund, the largest investor in equities among mutual fund houses, went shopping for power, energy and banking & financial stocks in September, a month that saw the government announce a major corporate tax cut to boost growth. The fund house bought over two crore shares of Axis BankNSE 0.96 % in September amid buzz that the government may offload a part of its stake in the lender held via Specified Undertaking of Unit Trust of India (SUUTI). The stock climbed over 3 per cent in the month.

In the past six months, movement of key benchmark indices has been range-bound. This situation is likely to persist for some time. Experts point out that it has become difficult to predict demand across key segments in the present economic situation. Scattered and erratic buying trends imply that consumers have funds but they would spend only if a deal suits their cost arithmetic. Such times merit investments in a basic theme which works in almost all cycles of markets — multi-cap schemes.

There’s a good news for the unit holders of UTI Mastershare Unit Scheme, an equity oriented mutual fund. UTI AMC has declared dividend of of 26 per cent (Rs.2.60 per unit on face value of Rs.10) under dividend option-regular plan and dividend (gross distributable amount) of 15 per cent (Rs1.50 per unit on face value of Rs.10) under dividend option –direct plan. Incidentally, UTI Mastershare Unit Scheme is India’s first equity oriented scheme with its inception date being October 15, 1986.

If you get into 15-20 good names which are delivering even in the 5% GDP growth environment, and have been able to survive the bad phases of their own sector, that is where the flows would come as and when eventually the big flows starts coming from the FII side, says Jinesh Gopani, Fund Manager, Axis Mutual Fund. Excerpts from an interview with ETNOW.

Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. The name change came after Nippon Life Insurance of Japan completed the acquisition of 75 per cent stake in Reliance Nippon Life Asset Management from Reliance CapitalNSE -12.28 %. The management change has many existing investors in erstwhile Reliance Mutual Fund schemes worried. They are wondering whether they should continue with their investments?

The small and mid cap segments have been beaten down in the last one and a half years. Both the segments are still witnessing volatility even after a major correction. While most mutual fund investors want to stay away from these two segments, Yogesh Bhatt, senior fund manager, ICICI Prudential Mutual Fund, thinks otherwise.