Moneyball
Mumbai real estate prices are down! Not.
There are pockets where you will find that prices have fallen, but calling it a huge correction is going too far. Interestingly, since December 2010, the real estate prices in some areas of Mumbai are up by 33 percent or 10 percent annually for the last three years
Why ICICI Dynamic Fund has a contra bet on Cairn India
S.Naren, the chief investment officer – equities at ICICI Prudential mutual funds is taking a big bet on Cairn India, a global E&P company which has seen its stock price fall by 12 percent over the last year. In comparison, the BSE Sensex has moved up by 21 percent.
UTI's recipe for good returns in lacklustre market
UTI mutual fund is one of the few fund houses that has managed to give good returns in a lacklustre market. The fund has topped Crisil’s quarterly ranking for mutual funds with seven of the schemes in the top cluster for the quarter ended March 2013
Why there is sudden rush for StanChart IDRs
The IDR is trading at a discount to its London price in the Indian markets. Several Indian investors have been waiting to cash in on the arbitrage opportunity
Gold funds retain sheen, but will they continue to hold up?
Akshaye Tritiya on Monday was a big day for Gold ETFs (exchange traded funds). Goldman Sach’s GoldBees, the biggest of them, notched up a turnover of Rs 525 crore. The ETF price fell by 1.15% to Rs 2,560. The average daily turnover for the fund is around 13 crore.
Buyout of a Buyout Fund: The curious case of India Equity Partners
There is a belief that goings on at IEP are because of it could not raise its second fund of $500 million. And the reason they could not raise the second fund is because they haven’t made good returns. Both reasons are false. IEP has already raised $100 million. They have had 3 exits till date. IEP has made 6.5 times the invested capital in Manappuram Finance and 3 times their money from exits in Bajaj Auto and Ikya, which is an HR outsourcing company.
SBI wants a share of mutual funds' pie
State Bank of India’s move to launch fixed deposits with a maturity of just three days is likely to lure away part of the surplus cash of corporates that usually ended up with mutual funds. The country’s biggest bank has not yet revealed the interest rate it would offer on these ultra-short FDs but some expect it to be in the range of 4-4.5%.
Smaller Funds Capture PE Action
A part of this slowdown of opportunities for large funds, can be attributed to the fact that big infrastructure like power, roads, ports have been hit by the lack of policy clarity.
Forbes India Portfolio delivers 27% returns over last year
It has been almost a year, and we decided to look at the performance of our portfolios to see if they have performed to our expectation. The simple answer is yes. The CPP has given a return of 21 percent and the CCCP portfolio has returned 27 percent over the past one year
MF Distributors Should Be Paid Only For Sensible Advice
Ajit Dayal, Chairman, Quantum mutual fund has very strong opinions about the way mutual funds are sold in India. He did an email interview with Forbes India about the new SEBI guidelines for the mutual fund industry and also about Quantum Long Term Equity fund, his flagship equity fund which has the lowest expense ratio amongst all actively managed funds.