Low on equities, balanced funds withstand market turmoil better
Business Standard|August 07, 2024
Half the schemes fell 1.5% or less on Monday even as markets tanked 3%
ABHISHEK KUMAR
Low on equities, balanced funds withstand market turmoil better

Balanced advantage funds (BAFs), which were running low on equities over the last several months owing to high valuations, had a good day on Monday even as the markets witnessed huge selloff.

Most of them managed to offer downside protection despite markets correcting 3 per cent.

Data from the Association of Mutual Funds in India (Amfi) shows that net asset value (NAV) of every one in two BAFs declined 1.5 per cent or less on Monday compared to a 3.13 per cent decline in Nifty 500.

The NAV of BAFs offered by ICICI Prudential and DSP declined less than 1 per cent.

Diese Geschichte stammt aus der August 07, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der August 07, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
FY25 as weak-earnings year is gradually getting priced in
Business Standard

FY25 as weak-earnings year is gradually getting priced in

Even as many blame record foreign portfolio outflows for the market downturn, the real culprit is weak earnings amid rich valuations, says GAUTAM CHHAOCHHARIA, head of global markets, India, UBS. In an interview with Samie Modak in Mumbai ahead of the UBS India Summit, Chhaochharia highlights that 2024-25 (FY25) weak earnings growth is now factoring into market expectations. Investors are shifting their focus to the actions of the Reserve Bank of India (RBI) and the central government, as well as the outcome of upcoming state elections. Edited excerpts:

time-read
2 Minuten  |
November 12, 2024
Business Standard

Non-disclosure of foreign property invites ₹10 lakh penalty per yr

Many high-net-worth individuals who allegedly own undeclared properties in Dubai have received notices from the tax office.

time-read
2 Minuten  |
November 12, 2024
Modest increase in SBI share price after Q2
Business Standard

Modest increase in SBI share price after Q2

Brokerages positively revise their earnings forecasts, maintain target price

time-read
1 min  |
November 12, 2024
Strong growth, margin metrics could support LIC's valuations
Business Standard

Strong growth, margin metrics could support LIC's valuations

In the September quarter (Q2FY25), LIC reported net premium income of ₹1.2 trillion, up 12 per cent year-on-year (Y-o-Y).

time-read
2 Minuten  |
November 12, 2024
Business Standard

Mkts settle flat on FPI selling

Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous foreign portfolio investors (FPI) selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.

time-read
1 min  |
November 12, 2024
Rising retail ownership to spur equity cult in India: Morgan Stanley
Business Standard

Rising retail ownership to spur equity cult in India: Morgan Stanley

Retail investors have become a force to reckon with as their ownership of Indian equities has risen by 800 basis points or 8 per cent to 23.4 per cent in the last 10 years, suggests a recent note from Morgan Stanley.

time-read
2 Minuten  |
November 12, 2024
China wrests MSCI EM IMI top spot from India
Business Standard

China wrests MSCI EM IMI top spot from India

Change in the pecking order comes amid a sharp rally in Chinese equities

time-read
3 Minuten  |
November 12, 2024
HAVING A TRUCK WITH LNG
Business Standard

HAVING A TRUCK WITH LNG

Things are changing rapidly with the entry of the private sector, but the path of LNG trucks in India is strewn with rocks

time-read
4 Minuten  |
November 12, 2024
Accounting for climate finance
Business Standard

Accounting for climate finance

The climate negotiations meeting of the Conference of Parties signatory to the convention, COP29, at Baku, Azerbaijan, where most nations of the world have gathered currently, shall deal with various concerns relating to climate change.

time-read
3 Minuten  |
November 12, 2024
Business Standard

Re-examine trade pacts

India must consider entering CPTPP, RCEP

time-read
2 Minuten  |
November 12, 2024