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Bank stocks: Bold bets on banking could pay off, feel fund managers


Synopsis
Fund managers are bullish on the large private sector banks, such as HDFC Bank, ICICI Bank, Axis and Kotak. They believe their strong management teams will be able to manage the second wave of Covid-19. Many BFSI funds have concentrated portfolios and these stocks account for nearly half of the scheme.
Agencies
Despite slow credit growth, the top private banks HDFC Bank, ICICI Bank and Axis Bank have reported credit growth of 2-3x of the industry during FY21 at NPA levels that continue to be similar to those of last year.
Mumbai: The data set is decidedly mixed, and the odds don’t appear too bright at least on paper. But analysts still believe BFSI must be in your portfolio and not simply because it makes up the biggest chunk of the broadest indices of India. ....

Mohit Nigam , Kirtan Shah , Anup Bhaiya , Dhimant Kothari , Axis Bank , Financial Services Fund , Money Honey Financial Services , Bank Nifty , Invesco India Financial Services Fund , Invesco Mutual Fund , Nifty Bank , Invesco Mutual , Money Honey Financial , Bank Stocks , Icici Bank Shares , Bank Stocks To Buy , Hdfc Bank Shares , Stocks To Buy , Stocks To Buy For Long Term , Kotak Mahindra Bank Shares , கீர்த்ன் ஷா , அனுப்பி பயா , அச்சு வங்கி , நிதி சேவைகள் நிதி , பணம் தேன் நிதி சேவைகள் , வங்கி நிஃப்டி ,

Equity Mutual Funds See Outflows For Sixth Straight Month Even As Benchmarks Hit Records


Equity Mutual Funds See Outflows For Sixth Straight Month Even As Benchmarks Hit Records
Jan 08 2021, 6:18 PM
January 08 2021, 2:59 PM
January 08 2021, 6:18 PM
Equity mutual funds continued to witness outflows for the sixth straight month even as the benchmark indices scaled new peaks.Investors pulled out a net Rs 10,147.12 crore from equity and equity-linked mutual fund schemes in December compared with an outflow of Rs 12,917.36 crore in the preceding month, according to data released by the Association of Mutual Funds in India. The outflow in November was the highest since at least April.
Equity mutual funds continued to witness outflows for the sixth straight month even as the benchmark indices scaled new peaks. ....

Kirtan Shah , Gray Equity , கீர்த்ன் ஷா , ராய் பங்கு ,