ITI Mutual Fund launches ITI Value Fund NFO
The scheme will invest in undervalued stocks over a long period of time. Minimum application amount in the scheme is Rs 5,000 and multiples of Rs 1 thereafter.
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The scheme will invest in undervalued stocks over a long period of time. Minimum application amount in the scheme is Rs 5,000 and multiples of Rs 1 thereafter.
How D-Street’s roaring 2020 proved a bittersweet year for India’s ‘midcap mogul’ SECTIONS Share Synopsis The former star fund manager of IDFC Mutual Fund is known for his ‘buy and hold’ strategy through which he has over the years discovered hidden gems. Kenneth Andrade has had a formidable track record of giving 22.3% annualised returns for a decade. Related MUMBAI: One of India’s most accomplished value investors, Kenneth Andrade, is what the Reddit generation will call the original ‘diamond hands’. The former star fund manager of IDFC Mutual Fund is known for his ‘buy ...
Equity MFs see Rs 9,115 crore inflows; debt funds record Rs 52,528 crore outflows For the financial year 2020-21, equity fund flows remained net negative as outflows persisted from July 2020 to February 2021. The outflows were triggered by a bounce-back in the market post Covid crash that drove investors to book profits or rebalance their portfolios Representative Image Equity mutual funds recorded inflows of Rs 9,115 crore in March, breaking eight-month losing streak, as investors may have entered equities on dips. Barring two - Multi Cap Fund, Contra Fund -- rest of the equity categories re...
Shares of RailTel Corporation of India surged for the third straight day on Tuesday to hit a fresh 52-week high on the BSE amid strong investor interest on the counter. The shares of the firm which got listed on Friday, have zoomed nearly 85 per cent over its issue price of Rs 94. The scrip jumped 19 per cent over its previous close to hit an intra-day high, also its 52-week high, of Rs 173.50 on the BSE. At 11.40 am, the stock was trading 16 per cent up at Rs 168.60 while the BSE barometer Sensex was up 0.41 per cent at 50,054 around the same time. The trading volume on the counter was high ...
Shares of RailTel Corporation of India (RailTel) rallied 17 per cent to Rs 142.45 on the National Stock Exchange (NSE) in intra-day trade on Monday after the institutional investors bought a stake in the company via open market on its debut day on Friday. The stock of the state-owned telecom infrastructure provider made a strong debut on the bourses as it got listed at a 28 per cent premium at Rs 120.60. With today’s rally, it has zoomed 52 per cent from its issue price of Rs 94. On Friday, February 26, Goldman Sachs India Fund and Nippon India Mutual Fund collectively bought 10.7 millio...