Value investor Arun Mukherjee shares a very interesting insight for those who keep looking for a new multibagger. "Often your past multibaggers will be your future multibaggers. The worst mistake is to perceive it to be overvalued and move on to something inferior with hopes of multifold returns only to be disappointed."
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With the beginning of a new quarter, the entire focus of Dalal Street will gradually shift to March quarter earnings.
Reuters
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After logging losses for two consecutive weeks, cheers returned to Dalal Street last week, as the headline Nifty50 rebounded some 2.5 per cent. While all sectoral indices shot up, fear gauge India VIX end in the red on the weekly scale. Nifty Metal index rallied the most by registering almost 13 per cent gain for the week. At the start of a new quarter, Dalal Street s entire focus gradually shifted to March quarter earnings.
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DSP Mutual Fund has launched the DSP Floater Fund, an open ended debt scheme predominantly investing in sovereign bonds and overnight index swaps (OIS).
DSP Mutual Fund has launched the DSP Floater Fund, an open ended debt scheme predominantly investing in sovereign bonds and overnight index swaps (OIS). The fund house says that the new scheme aims to help investors navigate the interest rate cycles better. The NFO opens on March 04 and will close for subscription on March 17.
DSP Floater Fund will invest in securities in the duration band of 1 to 4 years with interest rate hedge using paid position in OIS. The scheme will allocate a minimum of 65% and a maximum of 100% in floating rate debt securities and have exposure mainly in sovereign securities issued by state and central government and OIS for creating synthetic floating rate exposure. The Scheme also proposes to invest up to 35% in fixed rate debt securities including money market instruments.
DSP Investment launches Floater Fund - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.