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Focused funds beat other schemes in returns
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ICICI Prudential tops the list with 49 per cent returns, followed by Mirae Asset at 46%
The sharp rally in the equity market during the last few months has focused funds delivering much better returns than other category of mutual fund schemes.
As per the SEBI Scheme categorisation mandate, the portfolio in focused fund should be not more than 30 stocks. The objective of focused funds is to deliver higher returns by investing in a limited number of high conviction stocks with strong growth prospects.
During the pandemic, the fund manager steered the focus of the portfolio on themes that could benefit from the disruption caused by Covid pandemic. The focus was to invest in companies with strong balance sheets and better earnings visibility.
RailTel Corporation raises Rs 244 crore from 14 anchor investors
SECTIONS
Last Updated: Feb 16, 2021, 10:32 AM IST
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Synopsis
The company informed the bourses that it has allocated 2,59,57,446 shares at Rs. 94 per share on February 15, to the anchor investors.
Bidding for the RailTel IPO issue began from 10 am on Tuesday.
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NEW DELHI: RailTel Corporation of India Limited (RailTel), raised Rs 243.99 crore from 14 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 2,59,57,446 shares at Rs. 94 per share on February 15, to the anchor investors.
Foreign portfolio investors who participated were UK based Aurigin Capital via its Aurigin Master Fund and Utilico Emerging Markets Trust, Reliance Capital managed Cohesion MK Best Ideas Sub-Trust, Singapore based, Integrated Core Strategies Asia and Goldman Sachs India.