Gold funds or ETFs: Top 5 mutual funds with highest risk adjusted returns
Aditya Birla Sun Life Gold Fund had the highest sharpe ratio of 1.69. In the last three years, the fund has offered a return of 32.09%.
2 Nifty based ETFs from Mirae Asset MF are open for subscription. 7 things to know
The new fund offer or NFO of both the funds is open for subscription from October 31 and will close on November 4. The schemes will reopen for continuous sale and repurchase on November 10.
Gold funds or ETFs: Top 5 mutual funds with highest risk adjusted returns
Sharpe ratio is a risk adjusted return measure. It measures the excess return over the risk free rate per unit of risk and is measured in terms of standard deviation. Here are top 5 gold commodity based funds with highest risk adjusted returns (Source: MF Screener).
Morgan Stanley adds RIL, Varun Beverages to its focus list. Here’s why these 2 largecaps made the cut
Morgan Stanley has updated its India Equity Strategy focus list. Reliance Industries and Varun Beverages are now included. Interglobe Aviation and Jubilant Foodworks have been removed. The firm favors large private sector companies in Financials, Consumer, and Industrial sectors. Reliance Industries’ AI and green energy initiatives are highlighted. Varun Beverages’ growth potential is also noted.
The Phoenix Mills Q2 profit rises 39% to Rs 304 crore
Phoenix Mills Ltd. witnessed a significant 39% surge in its consolidated net profit, reaching Rs 303.99 crore in the second quarter of the current fiscal year. This impressive growth was fueled by a substantial increase in total income, which climbed to Rs 1,146.21 crore. The company, a prominent developer of retail-led mixed-use projects, saw its […]
Mahindra Lifespace posts Q2 profit at Rs 47.91 cr
Mahindra Lifespace Developers Ltd reported a consolidated net profit of Rs 47.91 crore for the second quarter of the current fiscal year, a significant turnaround from a net loss of Rs 14.01 crore in the same period last year. The company’s total income also surged to Rs 33.06 crore. Its development footprint includes 53.
Concurrent Gainers: 10 BSE500 stocks that gain for 5 days in a row
Despite the overall market weakness, 10 stocks from the BSE500 index managed to post gains in each of the five sessions.
Honasa went up, Lenskart could go anywhere : Deepak Shenoy says amid recent IPO buzz
Lenskart’s IPO is generating significant discussion. Deepak Shenoy, CEO of Capitalmind Asset Management, noted the drama and unpredictability of IPO markets, drawing parallels to Honasa’s IPO. Lenskart’s valuation has raised eyebrows, with some fund houses clarifying their investment decisions. The eyewear retailer’s IPO opened for subscription recently.
Indian fintech firm Pine Labs pares IPO set to launch on November 7
Pine Labs, an Indian fintech company, has reduced its initial public offering size. Existing investors will sell fewer shares, and the company will raise less new capital. The IPO is scheduled for November 7 to November 11. This move comes as India sees a busy primary market with several other tech firms also planning listings.
We like their business even if valuations are expensive: DSP Mutual Fund clarifies on investment in Lenskart IPO
DSP Mutual Fund clarified its investment in the Lenskart IPO amid investor concerns over valuations. The fund house stated it invests only with conviction across business strength, promoters, execution, and valuations. While acknowledging Lenskart’s strong fundamentals, DSP admitted retail and e-commerce valuations are currently high, explaining they trimmed other positions to accommodate this investment.