County Franklin Financial News

Advocates say air conditioning is no longer a luxury but a public health and affordability issue

Anamudi Real Estates, a part of the Godrej family office, is likely to partially exit its share in Bengaluru-based real estate developer Sobha Ltd in a deal valued around Rs. 1,000 crore.

Franklin Templeton and SBI Holdings are collaborating to launch a spot Bitcoin exchange-traded fund (ETF) in Japan.

investors looking for a single product that has a mix of large, mid and small-cap stocks can consider an allocation to the new fund offer (NFO) of Franklin India Multicap Fund. Investors who already own mid- and small-cap schemes in their portfolio can skip the offer. The NFO is open till July 22. The minimum investment amount is ₹5,000 and in multiples of ₹1,000. The scheme will be benchmarked to Nifty 500 Multicap 50:25:25 index. It will have an exit load of 1% for redemptions for investors who redeem in less than a year. The fund will be managed by R Janakiraman, Akhil Kalluri and Kiran Sebastian. The scheme will invest a minimum of 25% each in large, mid and small-cap stocks with the balance 25% blended optimally in line with an internal framework. The fund manager will apply its bottom-up QGSV stock picking framework emphasising quality, growth, sustainability and valuations to find the right ideas within these themes and sectors.

A national registered investment advisor has launched its own trust company to further expand its service offering to clients.

Shares of Stanley Lifestyles listed at ₹494.95, a premium of 34.13% over its issue price of ₹369, on Friday. The stock recorded a high of ₹509.4 and closed at ₹479. The IPO consisted of a fresh issue of ₹200 crore and an offer for sale of 91.3 lakh shares aggregating to ₹337 crore on the upper price band. The offer was subscribed 96.98 times on its final day of bidding on June 25.

A retired professor, 86, shows it's never too late to benefit from mutual fundsBut the risk is that if the earnings growth of a company disappoints even slightly, there can be a sharp correction in its stock because the P/E multiples of such companies tend to be on the higher side due to estimates of higher earnings growth. Franklin India Flexi Cap Fund, ICICI Prudential Flexicap Fund and Parag Parikh Flexi Cap are some examples of value-oriented flexicap funds. The risk with value style is that there can be long periods of underperformance when the markets favour growth companies.

Quant Mutual Fund has received inquiries from Sebi in the suspected front-running case. The market regulator has seized mobile phones, computers and other digital devices while raiding Quant's Mumbai headquarter and the Hyderabad premises of suspected beneficiaries to find out who was leaking confidential information from the fund house to make profit. ETMutualFunds analysed the performance of Quant Small Cap Fund in a longer horizon of five years. The scheme was the topper in the last five years among all small cap funds. Quant Small Cap Fund offered 495% absolute return in the last five years. The scheme is benchmarked against Nifty Smallcap 250 — TRI which gave 250% absolute return in the same time period. The scheme manages assets of Rs 21,243 crore as of May 2024.

mutual funds have turned a monthly SIP investment of Rs 40,000 into Rs 1 crore in the last 10 years, data crunching by ETMutualFunds showed. Around 23 large cap funds have completed 10 years of existence in the market.

mutual fund scheme, investors tend to view the historical returns and evaluate them on that basis. Here, we list out the top performing focused mutual funds which have managed to beat the benchmark index in the past 5 years. A benchmark index is a yardstick against which the performance of a mutual fund can be measured.

financial institutions and public sector undertakings. It is suitable for those investors who have a lower risk appetite and want to earn returns which are higher than bank fixed deposits or those from savings bank accounts. There are currently 23 active banking & PSU banks with net assets under management (AUM) at Rs 80,730 crore as of April 30, 2024 according to data released by Association of Mutual Funds in India (Amfi). Over the last 12 months, average returns given by this category is 6.43%. The top five funds in this category are ICICI Pru Banking & PSU Debt Fund(G), ICICI Pru Banking & PSU Debt Fund(G), HDFC Banking and PSU Debt Fund-Reg(G), ITI Banking & PSU Debt Fund-Reg(G) and Franklin India Banking & PSU Debt Fund(G). These funds have outperformed the benchmark Crisil 10 Yr Gilt Index which has delivered 6.26%.

₹696.51 crore from an anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the company's filing to the exchanges, it has allocated 75,70,807 equity shares to 61 anchor investors at a price of ₹920 per equity share.

Franklin Templeton is building an advanced financial AI platform and is working with Microsoft to drive the project forward.

Equity mutual funds have offered an average return of 2.54% in the month of April, an analysis by ETMutualFunds showed. There were around 488 equity schemes in the market. HDFC Defence Fund, the topper in the list, gave 12.56% return in April. JM Midcap Fund gave 9% return in the last month. SBI PSU Fund and DSP Natural Res & New Energy Fund gave 8.53% and 8.39% returns respectively. Franklin India Smaller Cos Fund offered 7.04% return in the said period. Mirae Asset NYSE FANG+ETF FoF gave 6.75% in the last month.

Initially, when funds reached the RBI’s investment limit in 2022, it was believed to be temporary, with the cap expected to increase soon. However, the cap continues to remain unchanged, having deprived investors of overseas exposure for over two years now. Of the 69 international funds, 26 have been closed in some capacity. Some have been toggling flows intermittently due to limited capacity. The Rs.7,500 crore Motilal Oswal Nasdaq 100 ETF initially paused flows for 3-4 months two years ago, but now remains open, providing liquidity daily based on demand. However, it uses outflows to manage limits and may close at any time. Pratik Oswal, Head, ETFs and Index Funds, Motilal Oswal AMC, points out, “We have some headroom to invest abroad, but we are not encouraging large investors and are giving preference to retail SIP contributions.”

₹7,531 crore in assets under management (AUM), which tracks the performance of the Nasdaq 100 index. Another large passive fund, the Motilal Oswal S&P 500 Index Fund, also remains open for fresh investments. It tracks the broader S&P 500 rather than the Nasdaq 100, which is dominated by US technology stocks.

disproportionately higher in the latter years vis-à-vis in the initial years. This happens because the investment grows with time and the percentage of return happens on the inflated sum. From the doyens of investing such as Warren Buffett and Ray Dalio to great scientist Albert Scientist, everyone has acknowledged the power of compounding.

mutual fund scheme, retail investors tend to compare the returns given by one scheme vis-à-vis other schemes in the same category in order to maximise their wealth creation. Although historical returns are no guarantee of any scheme’s future returns, still investors prioritise them over an interplay of several factors such as the reputation of fund house, macroeconomic factors and the category of scheme. Returns for a year may not matter much, but when compounding comes into play, the returns over a number of years increase substantially.

Franklin Templeton’s recent study explores the close bond between meme coins and their respective blockchains, including Solana and Ethereum.

Sunrisers Hyderabad is likely to change its skipper ahead of the upcoming season in 2024, Cricbuzz reported. Sunrisers Hyderabad may name Australia's Pat Cummins as their new skipper after the team’s miserable performance in the last season under Aiden Markram, the report said. The 17th edition of the Indian Premier League is scheduled to start from March 22.