Debt schemes of Franklin Templeton, which hold bonds of Vodafone Idea worth Rs 2,049 crore, have fully marked down their entire holding in the telecom company a day after the Supreme Court rejected review petitions of various telecom companies challenging its judgement in the adjusted gross revenue (AGR) case.
Quant funds build a portfolio of stocks using a set of predetermined rules premised on mathematical models. There is no human intervention and a fund manager relies on an automated program for buy/sell decisions.
Largecaps will continue to do well, mid and smallcap companies could catch up, says Patil.
Wealth managers believe investors should allocate 5-10% of their portfolio funds to gold.
I do not see midcaps underperforming largecaps anymore and it is time for investors to add them.
One of them is run by a member of committee that framed PMS regulations.
Tata Cap NCDs carry AAA rating and secured option suits first-time investors, say experts.
The exchange-traded fund will invest only in AAA-rated bonds of public sector companies for two fixed maturity period of three years and 10 years. Bharat Bond Funds of Funds (FOF) was also launched for investors who do not have demat accounts. Investors can repurchase or buy units through this method beginning January 2.
These five equity mutual fund schemes have invested in companies with higher earning visibility and were overweight on private sector banks.
Similarly, Bajaj Finance has lowered deposit rates by 15-40 basis points and the maximum it pays is 8.35%. PNB Housing Finance and Shriram Transport Finance are likely to reduce rates by 20-25 basis points, beginning early January.
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