HDFC
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Top News
‘Investors could look to lock in money into corporate FDs’
Investors could start locking their money into long-term fixed deposits with tenures of three to five years, said, distributors. While deposit rates across the board have gone up by 50-75 basis points in the past nine months, the pace of rate increases could slow in the coming months, they said. In the last fortnight, three companies HDFC, have…
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Bonds
LIC seeks buyers for its Rs 3400 crore secured bonds issued to Reliance Capital
Life Insurance Corporation of India has made a renewed attempt to sell its holding of Rs 3,400 crore of secured bonds issued by Reliance Capital, the finance company currently undergoing insolvency proceedings. The people said that Capital Markets, the insurance company’s process adviser for the sale of bonds, has invited binding bids from asset reconstruction companies by the evening of…
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Mutual Fund
Why did PPFAS Mutual Fund swap one HDFC twin for the other?
Parag Parikh or PPFAS Mutual Fund (MF) is known for its regular and clear communication with its MF scheme investors. A recent note from Rajeev Thakkar, CIO, and director, PPFAS MF explains the rationale behind some of the recent changes in the fund house’s stock holdings. The highlighted changes are – a switch from the shares of HDFC Bank to…
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IPO's
Unicorns eyeing public issues meet domestic MFs
Unicorns eyeing public issues, more than a dozen domestic institutional investors (DIIs) including the likes of HDFC Mutual Fund, Axis Mutual Fund, and Mirae, with $250 billion under management, met with the founders and leadership teams of Indian unicorns Swiggy, Meesho, Unacademy, Lenskart, and Acko, among others, all of which are eyeing a possible stock market listing in the…
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Bonds
AMCs face multiple headwinds, stocks disappoint
Rising competition for share of equity assets, outflows from long duration debt funds to passive funds, and higher wage costs have led to lower profits for asset management companies in the June quarter. Analysts said assets under management have increased but profitability has been under pressure, which has put a lid on gains in their share prices after the recent…
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Bonds
After a 3-month lull; it’s raining mutual fund NFOs in July
After a three-month halt, new fund offerings (NFOs) have made a strong comeback with asset management companies launching over two dozen mutual fund schemes in July. The new funds have been launched across the board — actively managed equity funds, debt, index funds and exchange-traded funds (ETFs). Interestingly, passively managed funds, particularly ETFs, continue to dominate the NFO market. There…
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Bonds
What to do with HDFC MF schemes formerly managed by Prashant Jain
Mumbai: Three equity-oriented schemes of Mutual Fund with assets under management of close to ₹1 lakh crore that were managed by its former chief investment officer Prashant Jain have been assigned to multiple fund managers. HDFC Balanced Advantage Fund, a dynamic asset allocation fund with a mix of equity and debt with assets of ₹43,080 crore, will be managed by…
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Market Walk
ICICI and HDFC – What is this valuation battle between these 2 private banks?
The big news may be about the merger of HDFC Bank and HDFC Ltd. However, there is a convergence of a different kind that is happening; that is in the valuations of HDFC Bank and ICICI Bank and here is why it is significant. But, what is this convergence all about? ICICI Bank and HDFC Bank Back in 2010, HDFC…
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Market Walk
HDFC Group mega-merger and what it really means?
One of the most significant merger announcements in recent times was the proposed merger of HDFC Bank and HFDC Ltd. The combined will not only be the largest financial services conglomerate in the private sector but get fairly close to SBI in terms of spread and business volumes. Structurally, the deal would be a reverse merger of sorts since HDFC…
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Markets
Stocks in news: SBI, Reliance Industries, HDFC, KEI Industries and more
The Indian equity market is likely to open in the green today as SGX Nifty was trading 97 points higher at 17,379. The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market. Sensex closed 1,047.28 points or 1.84 per cent higher at 57,863.93 on Thursday and Nifty surged 311.70 points or 1.84…
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