Mutual Funds

PGIM India Ultra Short Term Fund has a shockingly high exposure of around 100% of its portfolio in the troubled paper and PGIM India Short Maturity Fund has 64% of its portfolio in the troubled debt (Photo: iStock)
PGIM India Ultra Short Term Fund has a shockingly high exposure of around 100% of its portfolio in the troubled paper and PGIM India Short Maturity Fund has 64% of its portfolio in the troubled debt (Photo: iStock)

Mutual funds reel from Reliance Business Broadcast Holdings default

  • CARE Ratings downgraded Reliance Business Broadcast Network Holdings Ltd (a Reliance ADAG Group company) to D due to a delay in debt servicing
  • Mutual Funds have a roughly 654 crore exposure to Reliance Business Broadcast Network Holdings Ltd as per data from Rupeevest.

India’s top money manager HDFC MF held about $20 billion in equities
The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)
The schemes in this list may not be the same as the ones that top the return league tables for the past year since these do not take into account parameters of risk and other features (Photo: iStock)

Mint50: Hand-picked mutual funds to build your portfolio

Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

Reliance Mutual Fund’s risk is further complicated by a SEBI Board decision taken in June 2019. (iStock)
Anand Rathi, founder of Anand Rathi Group
 (Photo: iStock)
(Photo: iStock)

Is your mutual fund buying or selling stocks too much?

  • If the portfolio turnover is greater than 100%, that typically means that the manager has churned the portfolio once over, completely
  • A high turnover is not necessarily bad, but a consistently high turnover is not desirable unless the inherent strategy of the scheme calls for a high churn

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Mutual fund investors added 4.81 lakh folios in August
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Mutual fund costs matter

  • Ideally, the lower the expense, the better it is for your fund as expenses reduce the fund returns to that extent
  • Here is a list of actively managed equity schemes with the lowest expenses

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(Photo: iStock)

Mutual funds continue to cut exposure to debt of NBFCs

  • The funds invested 7.1% of their assets in commercial papers from shadow lenders and 6.9% in bonds last month, the data showed
  • Edelweiss Housing Finance and PNB Housing Finance are among other top non-bank lenders that saw their debt ratings cut as a cash squeeze added to default risks

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 (Photo: iStock)
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