Performer Financial News

By Prakash Krishnamoorthy

cricket stars, Yashasvi Jaiswal and Sarfaraz Khan, after they dominated England on Day 4 with their flashy batting performances and helped India secure the biggest Test win ever. “Double hundred. Double fifty.

fund manager performance, not scheme performance. This is possible only if we follow the fund manager across schemes and asset management companies. A fund manager may be managing a large-cap fund and also a mid-cap or small-cap fund. To get a unified score that captures performance across fund mandates, we created virtual NAVs for each fund manager and all metrics are based on these ‘virtual’ NAVs. The best fund managers were selected using the following steps: Gating: The first step involved creating a list of fund managers eligible for ranking. Track record: A single track record was created for each fund manager.

stock market, with its shifting preferences, has tested their mettle. Fund managers have had to dig deep, revisit long-held beliefs and adapt to the changing realities. Even as they bear the scars of the battle, these experts have kept calm and held their nerve to guide their funds through chaos. In this year’s Best Fund Manager rankings, we have tied up with investment research platform, PrimeInvestor, to shine the spotlight on 10 such individuals, who have delivered healthy outcomes to investors in the long run. Initially, the preferred growth oriented investing style plied by many of these fund managers fetched superior results. However, as the market gravitated towards the value segment, this approach was tested. Overpaying for quality has burnt many fingers. Most fund managers have stayed true to their convictions, while using the temporary disruption to address past mistakes and improve the resilience of their portfolios. The common thread visible in the top fund managers’ strategies is the emphasis on avoiding risk and constantly re-evaluating their investing theses. These qualities have helped them deliver healthy risk-adjusted returns over entire market cycles.

EQT (formerly Baring PE AsiaEQT), TPG Capital and KKR are among those evaluating the acquisition of a controlling stake held by CVC Capital in Bengaluru-based specialty cancer hospital chain Healthcare Global Enterprises (HCG), sources told ET. A rising middle-class and an aging population have boosted demand for private medical services across Asia, which in turn, is seeing massive consolidation and heightened deal activity in the healthcare sector. Luxembourgbased CVC manages €188 billion of assets and is also owner of the Gujarat Titans’ IPL franchise, international rugby union, Women’s Tennis Association and top football properties such as Spain's La Liga or consumer brands like Lipton Teas, Peruvian cash management company Hermes, among others.

current account deficit (CAD) estimates for FY24. Capital inflows through both foreign direct investment (FDI) and portfolio flows are expected to improve during the rest of the fiscal. But potentially higher foreign exchange inflows may not mean a stronger rupee as the central bank could take this opportunity to shore up its reserves.

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ALSO READ: IND vs ENG 3rd Test Highlights: Ravindra Jadeja, Yashasvi Jaiswal shine; India thrash England by 434 runs On the contrary, New Zealand have played 4 Test matches won 3, and lost one. Therefore its PCT percentage is 75. While, Australia played 10 Tests this season, where it registered 6 victories, 3 losses, and 1 resulted in a draw.

₹1.5 trillion assets under management (AUM)—has launched its first small- cap fund. However, this is not your regular small-cap fund. It is a multi-factor fund that will track an alternative small-cap index created using different quantitative factors.

Michael Vaughan took to social media and said that England's performance is a «wake-up call» that they cannot play in one particular way against quality teams. A five-wicket haul by ace all-rounder and first-innings centurion Ravindra Jadeja and top knocks from skipper Rohit Sharma, Shubman Gill, double centurion Yashasvi Jaiswal and debutant Sarfaraz Khan saw England sink to its knees and surrender to the hosts inside four days. The highly attacking, positive and result-oriented 'Bazball' approach did not work for England as they witnessed a heavy collapse in their first innings after a solid start and could not even put up a fight in the last innings. «Even when this England team have lost in the last 2 years you have always been able to take positives… or they haven't been hammered… this is looking like a wake up call that surely sends a message you can't just play one way against quality teams,» Vaughan wrote on X.

Madhya Pradesh Congress chief Jitendra Patwari on Sunday dismissed the reports of former chief minister Kamal Nath switching to BJP. «Once again, it was shown how BJP misuses the media to question the faith of anyone. I have talked to Kamal Nath, and he told me that all these speculations are just conspiracies, and he is, was, and will be a Congress leader,” he said.

China's men's team were crowned winners of the Badminton Asia Team Championships after they dispatched Malaysia 3-0 in a one-sided final Sunday. India ousted Thailand 3-2 to claim the women's title. China came without their top superstars, such as Shi Yu Qi and Li Shi Feng, who are ranked among the world's top three men's singles and second-ranked men's doubles pair Liang Wei Keng-Wang Chang.

aayega toh Modi hi (Only Modi will retain to power)". Speaking at the BJP National Convention 2024 on Sunday, the Prime Minister said it's "surprising" to know he has already received invitations from foreign countries for events to be held after the after Lok Sabha polls. "...The elections are yet to happen but I already have invitations from foreign countries for July, August, and September.

ALSO READ: India vs England 3rd Test: Bazball flops spectacularly as IND beat ENG with highest-ever victory margin of 434 runs Meanwhile, Yashasvi Jaiswal completed his 200 off 231 balls. Looking at some stats, with his double ton, Yashasvi has now become the only third Indian after Vinod Kambli and Virat Kohli to hit 200s in successive Tests. Apart from this, he also registered his name in the list of Indian legends who scored double hundreds in the second innings for India.

stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States. It's a perilous time for investors in China. Their main vehicle, so-called A shares of Chinese companies, fell more than 11% in 2023 and have continued their losses this year. Many investors have instead flocked to the exchange-traded funds that track foreign markets and that have been performing much better.

The revival hopes for the information technology (IT) sector hinge significantly on the rate of deal acquisitions, yet the December quarter (Q3FY24) witnessed a lukewarm performance in this arena. Following an exceptional second quarter, top-tier IT firms experienced a slowdown in deal wins during Q3. While moderation was expected due to the quarter's typical seasonal downturn, the absence of mega deal announcements and the trend of lengthier deal durations have raised concerns.

Air India, IndiGo, Akasa, SpiceJet, Vistara, Air India Express Connect, and Air India Express, BCAS has urged them to implement necessary measures to ensure the timely delivery of customer baggage. In an extensive survey conducted across the nation's six major airports, the BCAS scrutinised the operations of seven airlines and analysed over 3600 flight movements along with their baggage delivery processes.

₹65,000 crore, 50 per cent of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. "We have got an order book of around ₹65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market.

RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. «We have got an order book of around Rs 65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market. In time to come, we should maintain an order book of around Rs 75,000 crore,» top management officials said in reply to a question. Of the total order book, the share of the Vande Bharat trains was around Rs 9,000 crore, and Rs 7,000 crore was for several metro projects. The company has also bagged projects in the electrification and transmission lines among others.

Ashwin Patil, Research Analyst-Auto, LKP, says while passenger vehicles had a great time, this year belongs to two-wheelers. So, there can be a good churning from passenger vehicles to two wheelers because the Q3 numbers were good for all the two-wheeler companies and surely one can definitely look at certain companies within the two-wheeler pack. Recently, we have been hearing reports that the passenger vehicle retail registrations have been slowing down while, of course, the rural economy is picking up and things are looking on the upside for two-wheelers. Is it time now for a bit of a sector and portfolio churn away from four-wheelers into two-wheelers? Ashwin Patil: On the back of a very low base last year, the two-wheeler industry has been performing well this year and till date, these companies are seeing about 12% to 15% growth. We believe that this industry will be definitely performing better than any other auto industries segments like passenger vehicles or commercial vehicles or tractors.

Nifty ended with weekly gains of 1.5% led by banks, auto, and IT stocks. When markets resume trading on Monday, a host of domestic and global events during the week are likely to impact them. «During a week marked by volatility, the stock market closed near its peak, with the Bank Nifty index emerging as a standout performer. Despite a rocky start, the PSU index demonstrated resilience, bouncing back from early declines. With few definitive signals this week, the market focus remains on the trajectory of the dollar index and US bond yields,» Santosh Meena, Head of Research, Swastika Investmart, said.