Latest news with #AdityaBirlaSunLife
Entrepreneur
7 days ago
- Business
- Entrepreneur
IndiQube Raises Over INR 314 Cr from Anchor Investors Ahead of IPO
The IPO opens on July 23 and will close on July 25, 2025. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. IndiQube Spaces Limited has secured more than INR 314.32 crore from anchor investors ahead of its initial public offering, as revealed in an exchange filing. The equity shares were allotted at INR 237 per share. The anchor book attracted participation from several prominent investors. Aditya Birla Sun Life Mutual Fund, Ashoka WhiteOak ICAV along with WhiteOak Capital, Invesco India ELSS Tax Saver Fund, Bandhan Large and Mid Cap Fund, Motilal Oswal Large Cap Fund, Malabar India Fund, and Malabar Midcap Fund were among those who received equity allocations. Other participants included Max New York Life Insurance, Edelweiss Mutual Fund, Baroda BNP Paribas, TOCU Europe III S.A R.L., Groww Mutual Fund, BNP Paribas Financial Markets, Citigroup Global Markets Mauritius Private Limited, and Societe Generale. WestBridge Capital, through its group entities Aravali Investment Holdings, WestBridge AIF I, Konark Trust, and MMPL Trust, continues to hold a pre-offer stake of 27.95 percent and is not diluting any part of its shareholding in this round. In terms of financial performance, IndiQube reported a total income of INR 1,103 crore in fiscal 2025, reflecting a compound annual growth rate of 35 percent from fiscal 2023. Its EBITDA for the year stood at INR 660 crore, with a return on capital employed of 34.21 percent and cash EBIT margins of 10.81 percent. Occupancy across steady state centers reached 86.50 percent. Under IGAAP standards, the company remained profit after tax positive and paid INR 7.7 crore and INR 8.4 crore in income tax during fiscal years 2024 and 2025 respectively. It has also maintained a CRISIL A Plus with Stable outlook for three consecutive cycles. Of the 13,262,658 equity shares allotted to anchor investors, 67.35 percent were allocated to eight domestic mutual funds across 21 schemes. The IPO opens on July 23 and will close on July 25, 2025.
&w=3840&q=100)
Business Standard
22-07-2025
- Business
- Business Standard
Aditya Birla Sun Life MF launches two new index funds: Who should invest?
Aditya Birla Sun Life Mutual Fund has launched two new factor-based index funds - Aditya Birla Sun Life BSE 500 Momentum 50 Index Fund and Aditya Birla Sun Life BSE 500 Quality 50 Index Fund. The New Fund Offer (NFO) for both funds opened for subscription on Monday, July 21, 2025, and will close on Monday, August 4, 2025. The BSE 500 Momentum Index Fund is an open-ended scheme replicating the BSE 500 Momentum 50 Total Return Index (TRI). The scheme will invest in the top 50 stocks from the BSE 500 with the strongest price momentum. On the other hand, the Quality 50 Index Fund will invest in 50 companies from the BSE 500 with stable earnings, high return on equity, and low debt. A Balasubramanian, managing director and chief executive officer at Aditya Birla Sun Life AMC, said that these twin fund launches are aimed at enabling investors to diversify their core equity portfolios with factor-based strategies that have proven performance across market cycles. "While the Momentum Index offers exposure to higher-return opportunities in fast-growing segments of the market, the Quality Index focuses on stocks with resilient earnings and a layer of stability against drawdowns. With India poised for sustained economic growth, both strategies offer a timely and complementary approach to long-term investing. Investors may choose either fund or a combination of both funds based on their investment horizon, risk tolerance, and return expectations,' he added. Priya Sridhar will be the designated fund manager for both schemes. According to the scheme information document (SID), the minimum amount required for investment in both the schemes is ₹500 and in multiples of ₹100 thereafter during the NFO period. For monthly and weekly SIP, the minimum amount is ₹500 and in multiples of ₹1 thereafter in both the funds. For both schemes, an exit load of 0.10 per cent of the applicable NAV will be levied on redemptions or switches made within 15 days from the date of allotment. However, no exit load shall be charged on or after the 16th day from the date of allotment. Who should invest in these funds? According to the AMC, the BSE 500 Momentum 50 Index Fund is designed for investors with a higher risk appetite looking to maximise upside capture in trending markets. It benefits from exposure to top-performing stocks and sectors, and stocks with a proven return record over a 12-month horizon. On the other hand, the BSE 500 Quality 50 Index Fund is suitable for investors seeking long-term wealth creation through investments in high-quality names with a stable balance sheet and lower volatility in earnings. These stocks tend to perform better during market downturns and provide good upside in recovery phases, the company said. According to the risk-o-meter, the funds invested in both schemes will be at very high risk. As per the SID, investors should consult their financial advisors if in doubt whether the product is suitable for them.
Mint
20-07-2025
- Business
- Mint
Best Mutual Funds: These value schemes gave over 20% annualised return in past 5 years
Prior to investing in a mutual fund, it is quite usual for investors to compare the returns given by different schemes in the same category. Although historical returns do not guarantee future returns, they give an indication of how the scheme has performed in the past. Here, we list out the top-performing value mutual funds, which have delivered over 20 percent annualised return (regular) in the past five years. To put this in perspective, when someone invests ₹ one lakh for five years and it grows at 20 percent CAGR, it will rise to ₹ 2.48 lakh. Those who are not aware, value mutual funds invest in value stocks with a minimum of 65 percent in stocks. These funds invest in the stocks that are currently undervalued, but are expected to perform well over time as the value is unlocked. There are 24 schemes in this category with total assets under management (AUM) of ₹ 2.03 lakh crore as on June 30, 2025. Value mutual funds 5-year-return (%) Aditya Birla Sun Life Value fund 25.86 Bandhan Value fund 30.51 HSBC Value Fund 28.40 ICICI Prudential Value 27.26 JM Value Fund 27.61 Nippon India Value fund 27.90 Templeton India Value Fund 29.04 (Source: AMFI; 5-year regular returns) As one can see in the table above, Bandhan Value Fund delivered 30.51 percent annualised return in the past five years. Other schemes which gave more than 25 percent CAGR return include Templeton India Value Fund (29.04%) and Nippon India Value Fund (27.90%). Meanwhile, it is important to note that the past returns do not guarantee future returns. This means just because some scheme has performed exceptionally well in the past, it does not mean it will continue to perform at the same pace in future as well. Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision. For all personal finance articles, visit here
&w=3840&q=100)
Business Standard
13-05-2025
- Business
- Business Standard
Defence funds: Enter via SIP with 10-year view to manage valuation risk
The Nifty India Defence Total Return Index (TRI) has risen 27.4 per cent over the past three months, outperforming the Nifty 50 TRI, which gained 8.2 per cent. Defence-focused mutual funds have mirrored this rally. The category includes one active fund, HDFC Defence Fund, with assets under management (AUM) of ₹5,487.27 crore, and passive schemes from three fund houses — Motilal Oswal, Aditya Birla Sun Life, and Groww. These schemes manage ₹9,133.82 crore collectively. These funds invest in defence equipment and other stocks related to the defence sector. 'A look at the Nifty India Defence Index's constituents reveals that it is a highly concentrated, top-heavy index. There is also a paucity of listed names in this space,' says Kaustubh Belapurkar, director–manager research, Morningstar Investment Research India. Sound prospects Jefferies estimates India's defence sector opportunity at $100–120 billion over the next five-six years, with growth projected at 13 per cent compounded annually from financial year (FY) 2022-23 to FY2030. In FY24, domestic defence production reached a record ₹1.3 trillion. 'With the trend of protectionism in defence spreading globally, the Indian government has launched the Make in India initiative in the defence sector, which is a key driver for its growth,' says Vishal Dhawan, chief financial planner, Plan Ahead Wealth Advisors. The recent border tensions with Pakistan could lead to a spike in India's defence budget. 'This would mean higher revenues and profits for the companies in this sector,' says Abhishek Kumar, Securities and Exchange Board of India (Sebi) registered investment advisor and founder, He adds that investing in these funds may also help investors diversify their portfolios beyond traditional sectors. Concentration, valuation risk Heavy inflows have driven many defence stocks up by 60–70 per cent annually over five years, leading to expensive valuations. 'The current price-to-earnings (P/E) ratio of the Nifty 50 is 22, while the Nifty India Defence Index is at 52. The price-to-book value for the two indices is 4 and 13 respectively. Thus, the Nifty Defence Index valuations are more than two-three times the Nifty 50,' says Dhawan. HDFC Defence Fund stopped accepting investments in mid-2024 — a development that investors should regard as a cautionary signal. While defence firms are winning large orders, these typically take years to convert into revenue. 'This could create a mismatch between the size of the order book and immediate profitability,' says Dhawan. Kumar highlights that these funds could take a hit if defence spending slows or due to elevated valuations. Right time to enter? Given the sharp run-up, most investors should avoid entering now. Only those with a strong fundamental view of the sector and its companies should invest. 'These investors will have to be extremely patient and must be ready to ride out a down cycle before the sector moves up again,' says Belapurkar. Dhawan adds that only experienced investors with a high risk appetite, a grasp of market cycles, and comfort with volatility and timing risk should invest. Kumar cautions that conservative or inexperienced investors, those seeking stable returns, or those with short-term goals should stay away. Exposure to these funds should be taken in the satellite portfolio and limited to 5 per cent of the equity portfolio, while the minimum horizon should be 10 years. Investments should be staggered. Tactical investors should wait for valuations to normalise.
