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The portfolio is built utilizing a combination of the top-down and bottom-up portfolio construction process, focusing on the fundamentals of each stock, including quality of management and prevailing valuations. ....
India Business News: MUMBAI: Friday was a busy day for the bond and stock markets both with decisions by the Supreme Court and the RBI impacting investor sentiment. ....
Redemptions from equity funds suggests greater investor awareness: PGIM India MF Investors are booking profits as markets touch new highs January 27, 2021 / 09:39 AM IST When equity markets are at all-time highs, it’s crucial to review your asset allocation. Union budget 2021 is just a few days away. In this backdrop Ajit Menon, Chief Executive Officer, PGIM India Mutual Fund, shares his views on various issues with Moneycontrol’s What are your expectations from Budget 2021? We see budgets as non-events from industry and country point of view, since reforms have happened outside the Union Budget too. The Healthcare sector may get a lot of boost, given the challenges we have seen in 2020 due to COVID-19. For mutual funds, we expect the budget to create a level playing field with other financial services. For example, all retirement products offered by mutual funds should get tax benefits as are enjoyed by other products. ....
PGIM India eyes Rs 500 cr from balanced advantage fund SECTIONS Last Updated: Jan 15, 2021, 03:59 PM IST Share Synopsis The new fund, which is an open-ended dynamic asset allocation fund with a floor of minimum 30 per cent equity, closes on January 29, PGIM said. PGIM India Mutual Fund on Friday launched its maiden balanced advantage fund from which it expects to garner at least Rs 500 crore. The new fund, which is an open-ended dynamic asset allocation fund with a floor of minimum 30 per cent equity, closes on January 29, PGIM said. This product tries to deliver reasonable downside protection and lower volatility, making it suitable for investors who are seeking capital appreciation over a long period and is categorized as equity-oriented scheme. ....