Product Updates

POWER OF PHARMA !! Period (2008-2015); 7 years WEALTH CREATION! 1. DR REDDY – Rs 387 in 2008 to now CMP – 3547.90. So investment of Rs 10,000 in 2008 would be today – Rs 91,677 !! ( More than 9 times in 7 years !! ) 2. SUN PHARMA – Rs 890 in 2008 to now CMP – Rs 972.95. Meanwhile, stock split from FV 5 to 1 and bonus of 1:1 in 2013; So, if you bought 1 share at Rs 890 in 2008, you would have 10 shares at Rs 972.95 today. So investment of Rs 10,000 in 2008 would be today – Rs 1,09,320 !! ( Almost 11 times in 7 years !! ) 3. LUPIN – Rs 430 in 2008 to now CMP – Rs 1833.25. Meanwhile, stock split from FV 10 to 2 in 2010; So, if you bought 1 share at 430 in 2008, you would have 5 shares at 1833.25 today. So investment of Rs 10,000 in 2008 would be today – Rs 2,13,168 !! ( More than 21 times in 7 years !! ) If LARGE caps can return about 10-20 times in 7 years, then WHAT ABOUT SMALL/MID CAPs ? 1. TORRENT PHARMA – Rs 112.15 in 2008, TORRENT PHARMA was a 950 CR market cap Co to now CMP – 1208....

Only 10 days are left to exchange pre-2005 currency notes, including those of Rs 500 and Rs 1,000 denominations, at banks as the deadline to do so is ending on June 30. Seeking cooperation for withdrawing pre-2005 currency notes from circulation, the RBI has asked the public to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The earlier deadline was January 1, but later the Reserve Bank of India had extended it till the end of this month. All pre-2005 notes continue to remain a legal tender. These notes can be exchanged for their full value at bank branches. It is easy to identify pre-2005 notes. The currency notes issued before 2005 do not have the year of printing on the reverse side. In notes issued post 2005, the year of printing is visible at the bottom on the reverse. The rationale behind the move to withdraw banknotes printed prior to 2005 is to remove them from the market because they have fewer security f...

A very cold winter! It was autumn, and the Red Indians asked their New Chief if the winter was going to be cold or mild. Since he was a Red Indian chief in a modern society, he couldn't tell what the weather was going to be. Nevertheless, to be on the safe side, he replied to his Tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared. But also being a practical leader, after several days he got an idea. He went to the phone booth, called the National Weather Service and asked 'Is the coming winter going to be cold?' 'It looks like this winter is going to be quite cold indeed,' the weather man responded. So the Chief went back to his people and told them to collect even more wood. A week later, he called the National Weather Service again. 'Is it going to be a very cold winter?' 'Yes,' the man at National Weather Service again replied, 'It's definitel...

HDFC Mutual Fund remains most profitable fund house; Reliance Mutual Fund 2nd HDFC Mutual Fund has retained its position as the most profitable fund house in 2014-15, with a profit after tax (PAT) of Rs 416 crore, while rival Reliance MF remains at the second place. According to an analysis of profit figures for fund houses available with industry body AMFI, HDFC MF, country's largest fund house, posted a PAT of Rs 416 crore for the full year ended March 31, 2015, while Reliance MF registered a PAT of Rs 357 crore during the last fiscal. ICICI Prudential MF, the second largest fund house in terms of assets base, reported a profit after tax of Rs 247 crore, while Birla Sunlife MF posted a PAT of Rs 123 crore. Reacting to the profit figures, Reliance MF CEO Sundeep Sikka said: "As a fund house we believe in balanced growth - both top line and bottom line - and this has helped us deliver better results and value to our stakeholders and investors. We will continue ...

It is not only foreign institutional investors (FIIs) showing a lower appetite for Indian debt. Mutual funds (MFs) have also reduced their investment in such instruments as bond yields head north. Data from the Securities and Exchange Board of India (Sebi) show the net buying by fund houses in debt was Rs 17,364 crore last month, close to that in July 2014 at Rs 17,055 crore. Fund houses were net buyers by Rs 99,456 crore in March 2014. Before that, they had been net buyers to the tune of Rs 1.1 lakh crore in March 2012. "Long-term investors continue to pump in money but short-term investors have slowed their investments, as the scope for rate cuts in the near term is seen as limited," said R Sivakumar, head of fixed income at Axis MF. Bond yields have been rising despite three rate cuts by the Reserve Bank of India since the start of 2015. This is because the Street expects an extended pause by RBI after the last reduction on Tuesday. The next cut could be in this financial ...

Mutual funds' exposure to IT stocks hits 4-month low in April Investments by mutual fund houses in software shares hit a four-month low of around Rs 34,000 crore at the end of April. In comparison, equity fund managers' fund allocation in software or IT stocks stood at Rs 24,438 crore in April 2014. According to market experts, fund managers are shifting focus to sectors like automobile and capital goods, as against IT space that are more dependent on global factors. As per data available from Securities and Exchange Board of India (Sebi), overall deployment of equity funds in IT stocks stood at Rs 34,100 crore in April 2015 as compared with Rs 36,121 crore in the previous month. This was their lowest level of funds allocation in software shares since December 2014, when the total value of mutual fund investments in the sector stood at Rs 33,970 crore. Besides, exposure to IT stocks was at 9.43 per cent against 10.02 per cent in the preceding month. The BSE...

NEW DELHI: Maharashtra continued to dominate the mutual fund landscape in the country with an assets base of Rs 1.21 lakh crore at the end of April in equity-oriented schemes, followed by Delhi in the second place. A big share of mutual fund presence originates from Maharashtra because the state houses the headquarters of most of the large companies, thereby getting a bulk of investments through non-retail or institutional routes, experts noted. In terms of state-wise equity assets, Maharashtra led with Rs 1.21 lakh crore, taking up a 35 per cent share of the market, as per the data compiled by Prime Database. Delhi followed, though far behind, with Rs 28,058 crore and Karnataka with Rs 27,625 crore. Further, Gujarat has an assets base of Rs 25,402 crore in equity-oriented schemes, while the same for West Bengal was at Rs 21,189 crore. In terms of the annual growth (for states with an AUM of more than Rs 1,000 crore), Delhi led with a 158 per cent growth, followed by Haryana 117 per ce...