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Exide Life Insurance targets over 30% jump in new business premium in FY22
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Exide Life Insurance targets over 30% jump in new business premium in FY22
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
As market moderates, Robinhood investors may seek safety of mutual funds
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Nifty50 delivered returns in excess of 70 per cent for the financial year gone by, as one in every two stocks on the BSE doubled investor money in the same period.
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For retail investors, making returns in the domestic stock market has been mostly a cakewalk in the past 12 months as the bull run driven by unprecedented levels of global liquidity and cheap borrowing costs lifted stock prices generously.
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MUMBAI: One of the biggest stories of the financial year gone by was the great migration of retail investors in the country from mutual funds to direct equity. Disheartened by mediocre returns from mutual funds and armed with zero-cost mobile trading applications, millions of retail and high net-worth investors chose to dip into direct equity investments.
With the government stepping on the accelerator for privatising or disinvesting most public sector undertakings in the coming years, institutional investors may now start looking at PSU stocks as portfolio bets for long-term wealth creation and not just tactical trades, said
Shyamsunder Bhat, Chief Investment Officer at
Bhat believes that some of the PSUs could definitely attract investor interest, particularly with a large relative valuation gap as compared to the market. The veteran money manager is also excited about the prospects of the country’s consumer electronics, financial services, pharmaceuticals and consumer-facing sectors as he bets on the economy to accelerate in the coming years.
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