Axis MF suspends two fund managers amid allegations of irregularities
Axis Mutual Fund (MF), the country’s seventh-largest fund house, has suspended two fund managers, Viresh Joshi and Deepak Agarwal, amid allegations of irregularities…
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fund managers
Use Nifty Equal Weight, diversify rebound bet
Mumbai: Investors eyeing a diversified large-cap portfolio, benefiting from a broad-based earnings recovery and with low concentration in individual stocks, can consider an investment in the Nifty 50 Equal Weight Index.
The Nifty 50, one of…
As BRIC fund assets collapse, Jim O’Neill is keeping away
When Jim O’Neill devised the BRIC acronym at the turn of the century, the former Goldman Sachs Group Inc. chief economist did not intend the catchy phrase to be exploited for marketing investment funds.
Money managers scrambled to start…
Global growth optimism at lowest since July 2008
Mumbai: The Russia-Ukraine conflict has driven money managers' cash levels to the highest since April 2020 and hit global growth optimism which has fallen to the lowest level since July 2008, according to Bank of America's monthly survey of…
Equity MFs that cut ‘expensive’ bets fast weathered the downturn
Going underweight IT, pharma, cement and buying into select auto, consumer and energy names helped this midcap fund during the market turmoil. SynopsisSeasoned investors consider protecting downsides in a falling stock market as important…
Stock market got you worried? Write a D-Day note
That’s just about every investor’s motto when something goes wrong. In the old days, you could blame your stockbroker or fund manager for losing your money. Now that your stockbroker is your phone and your fund manager is an index,…
Fund managers haven’t been this bearish on tech stocks since 2006
Mumbai: Fund managers are the most underweight on technology stocks in nearly 16 years in anticipation of an aggressive tightening by the US Federal Reserve, showed Bank of America Corp's latest fund manager survey.
The survey showed that…
As yields head north, time to exit long duration debt funds
HSBC expects the 10-year benchmark to rise to 7.5% by the second quarter of 2022 and 7.8% by the fourth quarter of 2022 on the back of higher-than-expected issuances of government securities.SynopsisBond yields rose after finance minister…
November performance of PMS funds show Buffett’s theory in action
NEW DELHI: When the going gets tough, it is better to stick to the basics. Fund managers would vouch for it.
November was not a very comfortable month for many fund managers. Market volatility and general bearishness made returns scarce on…
Sebi deepens fund managers’ skin in the game
Mumbai: Mutual funds will have to pay a part of the salary to its top employees in the form of units of the schemes they oversee. The Securities and Exchange Board of India (Sebi) said on Wednesday at least 20% of the salary, perks, bonus…