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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. ....
IndiGrid NCD issue opens; chance to lock in 8.2% yield on safest paper SECTIONS Share Getty Images Related NEW DELHI: The public issue of non-convertible debt (NCD) securities by IndiGrid, an infrastructure investment trust that owns a number of assets in the power sector, opened for subscription on Wednesday. The NCD promises up to 8.2 per cent interest per annum, a considerably high yield on a paper with highest rating in a low interest rate environment. This issue has been rated AAA/Stable by Crisil and ‘AAA/Stable’ by India Ratings. The securities will be allocated on a first come-first served basis. QIBs and NIIs will be allocated 10 per cent each of the total issue size and HNIs and retail investors will be allocated 40 per cent each. ....
bonds: 'One can invest 10% of debt portfolio in India Grid NCDs' indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Suggested InvestmentHorizon: >3 years Time taken to doublemoney: N.AThe fund manager would adopt a three-pronged approach for stock picking. As a first step identify companies that are leaders with the highest market share, ROE/ROCE. Secondly, the fund manager would identify challengers with the possibility of superior earnings growth versus leaders due to market share gains and acceptable average ROE/ROCE of more than 15%. Finally, the fund manager would look to identify new themes, stocks and sectors which are witnessing cyclical tailwinds. Using this strategy to pick stocks and create a portfolio, the fund manager hopes to generate alpha. Even though there are several focused funds already, financial planners feel there is merit in the new fund offer due to its strong past performance in the equity space. Several of its existing funds in large, large and midcap, flexicap, ELSS are among the top performers in their respective categories over the last three- and fi ....
HDFC raises FD rates upto 25 bps indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.