County Franklin Financial News

equity mutual funds have given mind-boggling returns of over 100 times when held since inception. A lumpsum investment of Rs 1 lakh (which wasn't a small amount in those days) would have turned you into a crorepati in 2-3 decades, an analysis by ETMutualFunds showed. HDFC ELSS Tax saver, the topper in the list, offered 23.71% since its inception. A lumpsum investment of Rs 1 lakh in the scheme would have now been Rs 3.79 crore. The scheme has completed 27.93 years of existence in the market.

₹1,699 crore exposure to global chipmaker Nvidia, which became the world’s fourth largest company by market capitalization after its quarterly earnings beat analyst expectations. The stock clocked one-day gains of 16% on Thursday, driven by optimism around artificial intelligence (AI), as Nvidia’s chips play a crucial role in developing AI models. According to Fisdom estimates, Motilal Oswal MF had ₹439 crore exposure to Nvidia.

Richard Verma in Delhi on Tuesday said that America will stay engaged with the Indian government on the issue of the alleged bid to assassinate Khalistterrorist Gurpatwant Singh Pannun in the United States. «I know we raised our concerns with the Government of India. There is a committee of inquiry looking into the matter, and we will stay engaged with the government and look forward to their findings. And they've taken it very seriously, and we're grateful for that,» Verma said. He made the remarks at the event titled 'The Long View from DC: The India-US Partnership' hosted by the Observer Research Foundation (ORF) in Delhi. His statement comes after the US Justice Department unsealed an indictment against an Indian national for his alleged involvement in the foiled plot to assassinate Pannun.

Ethereum Exchange-Traded Fund (ETF), becoming the eighth player in the market seeking approval for a similar product, Reuters reported. This January, in a significant development for the cryptocurrency industry, the United States Securities and Exchange Commission (US SEC) approved 11 spot Bitcoin ETFs in January. This marked a watershed moment, fulfilling a decade-long demand for regulatory approval within the crypto space.

Franklin Templeton on Monday disclosed that it had officially filed for a spot ethereum exchange-traded fund, becoming the eighth player vying to introduce a similar product in the market. In January, the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs in a watershed moment for the crypto industry, which had been demanding regulatory approval for those products for more than a decade.

By Gram Slattery, Nathan Layne and James Oliphant

MANCHESTER (NEW HAMPSHIRE) : As the last major challenger in Donald Trump's way, Nikki Haley is hoping New Hampshire voters feel so strongly about keeping the former president away from the White House that they turn out to support her in large numbers. “America does not do coronations," Haley said at a VFW hall in Franklin, joined by her daughter and son-in-law. “Let’s show all of the media class and the political class that we’ve got a different plan in mind, and let’s show the country what we can do." It's an uphill battle for the former UN ambassador and South Carolina governor.

mutual fund scheme, investors often weigh the pros and cons of several factors. These include the category scheme falls under, reputation of the fund house which launched it, fund manager’s past performance and importantly – historical performance of the scheme. Here, we list out the top performing flexi cap mutual fund schemes based on their annualised returns in the past five years.

The Ohio Supreme Court has reinstated a judge's order allowing the state to freeze $8 million in personal assets belonging to a former top Ohio utility regulator

SoftBank has fully exited PB Fintech, the parent of insurance marketplace PolicyBazaar, according to people aware of the matter. SoftBank had invested close to $200 million in PB Fintech and sold its remaining stake in a mid-December transaction for about Rs 914 crore (or $109 million). In total, SoftBank has made around $650 million in returns on its total investment in the Gurgaon-based insurance aggregator. In December, SoftBank also made an exit from Zomato. It picked up a stake in the company when the food delivery platform acquired Blinkit (formerly Grofers) in 2022 in an all-stock deal.

mutual funds in India with the highest one-year returns are Nippon India Growth Fund, Mahindra Manulife Mid Cap Fund, Motilal Oswal Midcap Fund, HDFC Mid-Cap Opportunities Fund, HDFC Mid-Cap Opportunities Fund, WhiteOak Capital Mid Cap Fund, Tata Mid Cap Growth Fund, among others. Here are twelve mid-cap funds that delivered the best return in one year. Nippon India Growth Fund - Reg - Growth has delivered a 51.10% return in one year.

ICICI Prudential Banking & PSU Debt Fund, the topper in the category, offered 7.32% in 2023. Aditya Birla SL Banking & PSU Debt gave 6.86%. Sundaram Banking & PSU Debt Fund and Franklin India Banking & PSU Debt Fund gave around 6.84%. HDFC Banking and PSU Debt Fund gave 6.83%.

If you are a mutual fund investor with a high-risk appetite then there are no prizes for guessing that you already have a considerable exposure to small-cap mutual funds.

Ant Group sold a 3.4% stake in Zomato for ₹3,337 crore on Wednesday through a series of deals on the exchanges. According to BSE bulk deals data, Alipay Singapore Holdings, an entity of the Ant Group, sold 297 million shares at ₹112.70 per share. Zomato's shares ended 2.55% higher at ₹116.70 on the BSE on Wednesday. As of September 30, 2023, Alipay Singapore Holdings held a 3.44% stake.

Franklin Templeton Mutual Fund said Janakiraman Rengaraju, currently the deputy CIO & Senior Portfolio Manager, will assume the role of Chief Investment Officer, Emerging Market Equities – India. Janakiraman will take over from Anand Radhakrishnan, CIO, Emerging Market Equities – India, who will leave the firm effective January 12, 2024, to pursue other opportunities, said a press release. In his new role, Janakiraman will work closely with Avinash Satwalekar, President, Franklin Templeton – India to further strengthen the equity franchise in India, supported by a 16-member team of investment managers and experienced analysts. He will continue to be based at the Franklin Templeton offices in Chennai and will report to Sukumar Rajah, Senior Managing Director & Director of Portfolio Management – EME Asian Equity. Janakiraman joined the firm in 2007 and has close to 27 years of experience in investment management. In his 16 years with Franklin Templeton, he has built an excellent track record in managing various funds. He currently manages several equity funds, including Franklin India Prima Fund, Franklin India Smaller Companies Fund and Franklin India Flexi Cap Fund.

The Tennessee Titans will be moving to a new stadium for the 2027 season

asset allocation based on their market outlook and investment objectives. For instance, if the fund manager perceives overvaluation in large-cap stocks, they have the flexibility to reduce the allocation to large-cap stocks and increase the allocation to mid-cap or small-cap stocks.

leather jacket worn by the 'King of Pop,' Michael Jackson, in the 1980s was bought for a whopping £250,000 ($306,000). Earlier, the black-and-white jacket worn by the famous star was expected to sell for between £200,000 and £400,000 at the auction. Along with an Amy Winehouse hairpiece and a George Michael jacket, the item was one of over 200 pieces of music memorabilia that were auctioned off in London on Friday. Apart from Jackson's jacket, pieces associated with other legendary singers and artists, including David Bowie, Oasis, and The Beatles, also went under the hammer.

The fund will also be renamed to Franklin FTSE Asia ex China ex Japan UCITS ETF.

Helios Mutual Fund announced the launch of Helios Flexicap Fund, an open-ended dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks.

Franklin Templeton India fund is turning to initial public offerings to help keep it in the top ranks of the nation’s mutual funds as rich valuations have made it hard to pick winners among small-cap stocks. The $1.2 billion Franklin India Smaller Companies Fund is up 34% this year, beating 98% of its peers. The fund’s IPO picks — Concord Biotech Ltd., TVS Supply Chain Solutions Ltd.