County Franklin Financial News

Wall Street trading firm Jane Street has significantly reduced exposure to Grayscale Bitcoin Trust (GBTC) by 85%. The firm acquired 6,474,742 shares of the BlackRock iShares Bitcoin Trust ETF (IBIT) valued at $221 million.

SBI Long Term Equity Fund, the oldest ELSS fund, multiplied investors’ wealth by 1.40 times in the last three years. A monthly SIP of Rs 10,000 would have turned to Rs 5.04 lakh now, with Rs 3.60 lakh as the invested amount. The scheme gave an XIRR of 23.49% in the mentioned period.

Small-cap mutual funds declined by 20% over the last six months, according to an analysis of the category's performance. There were around 28 funds during this period. During this time, the Mahindra Manulife Small Cap Fund suffered the largest loss of approximately 24.69%. The HSBC Small Cap Fund and LIC MF Small Cap Fund delivered losses of 23.48% and 23.45%, respectively.

equity mutual funds have turned Rs 10,000 monthly SIP up to Rs 8 crore in the last 25 years. Only these 34 schemes have completed 25 years of existence in the market.

equity mutual funds turned a Rs 1,000 monthly SIP into up to Rs 2.31 crore over more than 25 years. Around 33 equity funds have completed 25 years in the market, and about 13 have been around for more than 30 years.

mutual funds have managed to outperform their respective benchmarks in the last three and five years. ETMutualFunds reviewed the performance of 36 ELSS funds that have completed five years of existence in the market.

equity mutual funds have offered over 20% CAGR both in the last three and five years. Around 197 equity mutual funds have marked their presence in the market for the last five years.

dynamic asset allocation funds and balanced advantage funds have offered up to 20% return in 2024. Around 32 schemes in the category have marked their presence in the mentioned period. Quant Dynamic Asset Allocation Fund, the topper in the category, delivered 20.15% return in 2024. Axis Balanced Advantage Fund and HDFC Balanced Advantage Fund offered 17.63% and 16.83% returns respectively in the current calendar year.

Value Research to analyse top mutual funds. We examine the key fundamentals of the Franklin India Prima Fund, its portfolio and performance to help you make an informed investment decision.

large cap mutual funds have offered more than 20% return in 2024. There were around 30 funds in the large cap category in the mentioned period. WOC Large Cap Fund, the topper in the category, offered 25.75% return in 2024. Invesco India Largecap Fund gave 24.89% return in the mentioned period. DSP Top 100 Equity Fund offered 24.16% return in the said period, followed by Baroda BNP Paribas Large Cap Fund which gave 23.97% return in the same period.

The recent correction has opened up some upside, even after considering the earnings cuts, says Venkatesh Sanjeevi, Senior Vice President & Portfolio Manager – Emerging Markets Equity — India, Franklin Templeton. «Our investment approach is to capitalise on such near-term weaknesses to build positions into high quality companies which can compound their earnings for many years ahead,» he says.

Franklin Templeton Mutual Fund has launched the Franklin India Long Duration Fund, an open-ended debt scheme that invests in instruments such that the Macaulay Duration of the portfolio is greater than seven years. The New Fund Offer (NFO) for the scheme is open for subscription and will close on December 4. The investment objective of the scheme is to generate returns by investing in debt and money market instruments, ensuring the Macaulay duration of the portfolio exceeds seven years.

ICICI Pru Equity Minimum Variance Fund, Shriram Multi Sector Rotation Fund, and Bandhan Nifty 200 Quality 30 Index Fund are open for subscription. PGIM India Healthcare Fund, Franklin India Long Duration Fund, Mirae Asset Long Duration Fund, Edelweiss CRISIL IBX AAA Financial Services — Jan 2028 Index Fund, HDFC Nifty India Digital Index Fund, and Axis Momentum Fund will open for subscription later this week. Among these nine funds, three thematic funds, two index funds and long duration funds, one sectoral fund and a target maturity fund will open for subscription this week.

ELSS funds or tax-saving funds have turned Rs 10,000 monthly SIP to more than Rs 1 crore in the last 25 years. Only these seven ELSS funds have completed 25 years of existence in the market. SBI Long Term Equity Fund, the oldest ELSS fund, turned Rs 10,000 monthly SIP to Rs 5.66 crore in the last 25 years. The scheme gave an XIRR of 19.43% in the same period.

Franklin India Arbitrage Fund,an open-ended arbitrage fund. The new fund offer or NFO of the scheme is open for subscription and will close on November 18. The scheme will re-open for continuous sale and repurchase on November 21. The fund will aim to achieve capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of equity markets, as well as arbitrage opportunities within the derivative segment, with the remainder allocated to debt and money market instruments, according to a release by the fund house.

SIP into more than Rs 1 crore in the last 25 years. Around four mid-cap funds have completed 25 years in the market. Nippon India Growth Fund turned a Rs 10,000 monthly SIP into Rs 1 crore over the last 25 years, achieving an XIRR of 22.84% during that period.

Directed by Todd Phillips, this sequel to the original Joker film offers a fresh perspective on the iconic character, with Joaquin Phoenix reprising his role as Arthur Fleck, now joined by Lady Gaga as Harleen Quinzel, also known as Harley Quinn. Notably, this sequel exists within its own narrative universe, distinct from the larger DC Universe.

My wife is 35 years old and has been working for 13 years. She is planning to quit work and will receive a sum of Rs 3 lakh as gratuity. She has a high risk appetite. Can you suggest some mutual funds or stocks for investing this amount? Also, will the gratuity be taxable? Rushabh Desai, Founder, Rupee With Rushabh Investment Services: Given your wife’s age, high risk appetite, and long-term investment horizon of more than 10 years, a portfolio with 50-60% in flexi-cap funds, 20-25% in mid-cap funds, and 20-25% in small-cap funds is ideal for wealth creation.

mutual funds have managed to outperform their respective benchmarks in August. There were 29 large & mid cap funds in the said period, out of which 25 schemes outperformed their respective benchmarks. In other words, only four funds failed to beat their respective benchmarks. Aditya Birla SL Equity Advantage Fund and Axis Growth Opportunities Fund offered 1.81% and 2.41% returns respectively against 1.06% by their benchmark (NIFTY LargeMidcap 250 — TRI).

Franklin Templeton Mutual Fund has announced the launch of Franklin India Medium to Long Duration Fund, an open-ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 and 7 years with relatively high interest rate risk and relatively moderate credit risk. The new fund offer or NFO will open for subscription on September 3 and close on September 17. The scheme will reopen for continuous sale and repurchase on September 26. The scheme will be benchmarked against CRISIL Medium to Long Duration Debt A-III Index and will be managed by Chandni Gupta and Anuj Tagra.

Tata Nifty200 Alpha 30 Index Fund are currently open for subscription, with another eight NFOs set to open later this week. These 10 funds span eight different categories: two index funds, sectoral funds, dividend yield, large & mid-cap, multi-asset allocation, multicap, ultra-short duration, and an ETF. Tata Nifty200 Alpha 30 Index Fund The Tata Nifty200 Alpha 30 Index Fund is an open-ended scheme that tracks the Nifty200 Alpha 30 Index (TRI). The NFO for this scheme is open for subscription and will close on September 2.

Franklin Templeton Mutual Fund announced the launch of Franklin India Ultra Short Duration Fund, an open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between three months and six months with a fund with relatively low interest rate risk and moderate credit risk. The new fund offer or NFO of the scheme will open for subscription on August 19 and will close on August 28 during which units will be available at Rs 10 per unit. The scheme will reopen for continuous sale and repurchase on August 30. The fund shall invest in debt and money market instruments like non-convertible debentures, bonds, certificates of deposits, commercial papers, treasury bills and government securities such that the Macaulay duration of the portfolio is between 3 months and 6 months.