How mutual funds are betting on long-term India story
2 years, 1 month ago

How mutual funds are betting on long-term India story

Live Mint  

Even as private equity investors cash out of several new-age companies that went public last year, domestic institutions are buying into these firms, signalling their long-term belief in the India story. “MFs have seen a jump in investor interest through the SIP route, and they zero down on such firms through block deals normally where they can’t buy a substantial chunk from the secondary market always because of significant PE/VC holding," said Bhat, who expects MF holdings in such companies to increase. “Domestic funds have selectively purchased in block deals when PE funds have exited post-listing," said Nilesh Shah, managing director of Kotak AMC. An executive with a global investment bank that helps PE investors sell via block deals said insurance firms raised holdings in recent IPOs.

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Stocks to buy for long-term: Tata Tech, PFC to REC — top brokerage firms initiate coverage on these 5 shares
6 days, 12 hours ago

Stocks to buy for long-term: Tata Tech, PFC to REC — top brokerage firms initiate coverage on these 5 shares

Live Mint  

Stocks to buy: After a modest 9 per cent return last year, experts caution investors to temper their market expectations this year. Tata Technologies Brokerage firm Chola Securities has initiated coverage on Tata Technologies with a target price of ₹1082, implying an upside potential of nearly 22 per cent. Kalpataru Projects International Axis Securities has initiated coverage on the Kalpataru …

Stock market this week: Top 5 stocks with the biggest gains and losses
2 weeks, 5 days ago

Stock market this week: Top 5 stocks with the biggest gains and losses

Live Mint  

Top News The Securities and Exchange Board of India has proposed a platform called MITRA to help investors reconnect with their forgotten or unclaimed mutual fund investments. With MITRA, SEBI aims to simplify the recovery process, promote transparency, and empower investors to regain control over their wealth, fostering trust in mutual fund investments. Mirae Asset Management has introduced a new …

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite
4 weeks, 1 day ago

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite

Live Mint  

Investors purchased a record ₹1,34,345 crore of shares in initial public offerings so far in 2024, as 76 companies including Hyundai Motor India, Swiggy, NTPC Green and Bajaj Housing Finance listed on the stock exchanges, giving venture capital and private equity firms profitable exits. Sai Life Sciences’ investors such as TPG Asia and HBM Private Equity India are expected to …

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in
4 weeks, 1 day ago

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in

Live Mint  

-Indian digital payments firm MobiKwik's 5.72 billion-rupee initial public offering was fully subscribed within the first hour of sale on Wednesday, as investors bet on strong growth prospects in India's booming online payments market. Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold, exchange data showed. India's …

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
1 month ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

Weekend Wrap: From Adani stocks to Paytm, top market movers and news of week
1 month, 2 weeks ago

Weekend Wrap: From Adani stocks to Paytm, top market movers and news of week

Live Mint  

Top News Record Investments in SIPs Indian investors achieved a significant milestone in October, contributing a record ₹25,322.74 crore to Systematic Investment Plans. New Fund Offers from AMCs Several leading Asset Management Companies have introduced New Fund Offers to cater to varying investment goals and strategies. The recently launched funds include: Bajaj AMC: Bajaj Finserv Consumption Fund Tata AMC: Tata …

Mutual fund houses are expected to go slow on NFOs this year. Here’s why
1 year, 5 months ago

Mutual fund houses are expected to go slow on NFOs this year. Here’s why

Live Mint  

The asset management companies are slowing the pace of launching new mutual funds schemes and drafted the documents for only 59 new fund offerings so far this year. In August so far, only two draft documents were filed by fund houses Bajaj Finserv Mutual Fund and WhiteOak Capital Mutual Fund, as per data from market regulator Securities Exchange Board of …

Reliance, Infosys, Tata Motors among top largecap stocks mutual funds are buying
1 year, 8 months ago

Reliance, Infosys, Tata Motors among top largecap stocks mutual funds are buying

Live Mint  

Mutual funds remained bullish on the Indian equities in the just concluded fiscal FY23 and invested ₹1.82 lakh crore largely due to a strong interest from retail investors and the correction in the market that led to reasonable valuation. According to the monthly data analysed by domestic brokerages, major mutual fund houses have bought largecap stocks that include Infosys, Reliance …

Recent IPOs that mutual funds participated in
1 year, 11 months ago

Recent IPOs that mutual funds participated in

Live Mint  

In December, Mutual Funds deployed ₹147 bn and alongside foreign institutional investors sold ₹63 bn in the Indian secondary market, highlighted data analysed by domestic brokerage and research firm Edelweiss. After a dull period in the number of public issues in 2022, the last two months of the year witnessed many companies launching their initial share sales and debuting in …

Stocks to Watch: HDFC Bank, Zee Entertainment, Piramal Enterprise, Max Healthcare and More
3 years, 3 months ago

Stocks to Watch: HDFC Bank, Zee Entertainment, Piramal Enterprise, Max Healthcare and More

News 18  

Indian markets on Thursday, tracking global cues is expected to open in the negative territory. HDFC AMC: Foreign promoter Standard Life Investments sold 1,06,50,000 equity shares in the company at Rs 2,873.79 per share, whereas T Rowe Price Emerging Markets Stock Fund acquired 15,19,557 equity shares at Rs 2,871.05 per share on the BSE, the bulk deals data showed Max …

Paytm set to file papers for $2.3 billion share sale
3 years, 6 months ago

Paytm set to file papers for $2.3 billion share sale

Live Mint  

One97 Communications Ltd, the parent of Indian payments firm Paytm, will file a draft prospectus as early as 12 July for a domestic initial public offering that seeks to raise $2.3 billion, two people close to the matter said on Monday. The money will be raised via sale of new Paytm stock as well as a secondary offering of shares …

MTAR Technologies' IPO oversubsribed nearly three times on opening day; bids for 2.17 crore shares placed
3 years, 10 months ago

MTAR Technologies' IPO oversubsribed nearly three times on opening day; bids for 2.17 crore shares placed

Firstpost  

While retail investors led the charge placing bids 5.66 times the portion reserved for them, the portion reserved for non-institutional investors has 76% subscription The Rs 596 crore initial public offering by Hyderabad-based MTAR Technologies was over-subscribed nearly three times the issue size within hours of opening for bids by public investors on Monday, reports said. The IPO has received …

What India’s top three mutual funds bought and sold last month
5 years, 3 months ago

What India’s top three mutual funds bought and sold last month

Live Mint  

Inflows into Indian equity mutual funds rose for the fourth straight month in August even as the nation’s stocks suffered their worst three-month period since 2016. Here’s what the top three asset managers bought and sold last month: HDFC Mutual Fund India’s top money manager held about $20 billion in equities, with financials accounting for 32% of stock assets followed …

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