Page 4 - Icici Prudential Mutual Fund

BS BFSI Summit: From S Naren to Sailesh Raj Bhan, meet mutual fund CIOs

Mutual Fund CIOs Panel's theme on October 30: Will global slowdown and 2024 general elections weigh on Indian markets?

Motilal Oswal MF exits Divgi Torqtransfer; sells entire stake for Rs 112 cr

Motilal Oswal Mutual Fund on Wednesday pared its entire stake in Divgi Torqtransfer Systems for Rs 112 crore through open market transactions. Following the stake sale, shares of Divgi Torqtransfer Systems declined 3.53 per cent to close at Rs 1,074.10 apiece on the NSE. According to the bulk deal data available with the National Stock Exchange (NSE), Motilal Oswal Mutual Fund disposed of 10,34,225 shares in two tranches, amounting to 3.38 per cent stake in Divgi Torqtransfer Systems. The shares were offloaded in the price range of Rs 1,080-1,080.29 apiece, taking the combined deal size to Rs 111.71 crore. At the end of the September quarter, Motilal Oswal MF through its Long Term Equity Fund owned 3.38 per cent stake in Divgi Torqtransfer Systems. Meanwhile, ICICI Prudential Mutual Fund bought 6,23,646 shares in three tranches at an average price of Rs 1,080 per scrip. This took the deal value to Rs 67.35 crore.

Full list: These are the top-performing equity mutual funds in August 2023

Among the Top 10 funds, the highest MoM rise was seen in Mirae Asset Mutual Fund (+3.5%) followed by Nippon India Mutual Fund (+3.1%), DSP Mutual Fund (+1.8%), HDFC Mutual Fund (+1.6%), and ICICI Prud

Nippon India, IPru MF's EPFO play gets going; move to help shore up AUM

Join public sector-linked peers SBI and UTI MF

ICICI Prudential Bluechip Fund: Consistent in outperformance and holdings

The fund's month-end assets under management increased to Rs 35,876 crore in April 2023, from Rs 21,765 crore in May 2020

UK-based abrdn offloads remaining 1.66% stake in HDFC Life Insurance

Among the buyers were Aditya Birla Sun Life Mutual Fund, ICICI Prudential MF, SBI MF, Societe Generale and T Rowe Price

ICICI to move ahead with its plan to increase 4% stake in Lombard business

In a similar move, The RBI had given the HDFC Bank the permission to increase its take in HDFC Life Insurance and HDFC Ergo General Insurance beyond 50 per cent

ICICI Prudential Mutual Fund launches scheme on innovation theme

The new fund offer, which opened on April 10, will close on April 24

ICICI Pru makes contrarian bets on short-term bonds as rate hikes continue

"There is no significant benefit to invest in longer-duration assets at this point of time as RBI is expected to remain in a long pause and is not expected to cut rates," CIO Manish Banthia said

Large-Cap Equity: What makes ICICI Pru MF's Anish Tawakley an outlier

ICICI Prudential Bluechip Fund has generated higher returns than its benchmark over the one- and three-year periods by minimising risk and focusing on steady performance

Short-to-medium debt: Active play pays dividends for ICICI MF's Banthia

ICICI Prudential's short-term and medium-duration funds outperformed on the back of timely shifts in strategies

LIC Housing Finance, HDFC: Trading strategies for housing finance companies

Barring PNB Housing Finance, other housing finance stocks indicate weakness, with selling pressure to mount further if crucial levels are breached.

In current milieu, invest in schemes with shorter duration: Manish Banthia

We believe the RBI will pause rates for a longer period after the rate hikes are over. This is a typical attribute of an economy in mid-cycle; a phase India is in currently, says Manish Banthia

ICICI Prudential Equity & Debt Fund: An outperformer in hybrid category

The fund's investment objective is to generate long-term capital appreciation and current income from a portfolio invested in equity, equity-related securities, and fixed-income securities

Banking funds could outperform if economic recovery continues unimpeded

Global factors causing a slowdown and overexposure to this sector are key risks

Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share

Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers

Strong rebound in BFSI funds makes a good case for taking an exposure

Since these funds can be volatile, limit your exposure to 5 per cent

Losing steam: Average NFO collection slumps in FY23, shows data

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

Small-cap funds can be rewarding for those who can stomach volatility

Limit investments in this space to 10-15% of your corpus, though; pay attention to fund size

Invest in MNC funds for exposure to high-quality businesses: Experts

Since valuations are higher in this space, a 7-yr horizon with 10% capital outlay can be looked at