Latest news with #AnandRathiWealthLimited
Time of India
12 hours ago
- Business
- Time of India
Nearly Rs 81,000 crore pulled from liquid, overnight MFs. Time for a portfolio check?
Amid rising outflows from liquid and overnight funds, experts recommend ultra-short-term funds for up to 6 months and arbitrage funds for longer horizons due to better return potential and tax efficiency. While concerns about returns persist due to rate cuts, liquidity remains strong. Investors are advised to choose based on their goals, horizon, and risk appetite. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mutual fund investors have realigned their short-term investments, pulling money out of liquid and overnight funds amid changing preferences. These two categories together witnessed an outflow of more than Rs 81,000 crore in May and to monthly data released by the Association of Mutual Funds in India (AMFI), liquid funds saw an outflow of Rs 16,274 crore, while overnight funds recorded an outflow of Rs 65,401 crore over the last two Read | Investors pump over Rs 30,000 crore in flexi-cap mutual funds in H1 CY2025. Is all-cap exposure a new favourite? On the contrary, money market funds have been receiving significant inflows. According to the data, money market funds recorded the second-highest inflows over the last three months—April, May, and June—among the 16 sub-categories within debt mutual experts believe this reversal is primarily driven by seasonal factors, as many corporates and institutions use these categories to park short-term surplus funds. However, by June, this money tends to flow out due to advance tax payments and quarter-end balance sheet adjustments.'Additionally, with a series of interest rate cuts, yields in short-duration categories like overnight and liquid funds have flattened. As a result, investors have begun reallocating capital toward slightly higher-duration categories such as money market and ultra-short duration funds, which offer better accrual potential in the current interest rate environment,' Arjun Guha Thakurta, Executive Director, Anand Rathi Wealth Limited, told ETMutualFunds.'In the past two months, we've also seen a reversal in equity markets, which may have further triggered outflows from retail investors as part of portfolio reallocation,' he April, money market funds received inflows of Rs 31,507 crore, followed by Rs 11,223 crore in May, and Rs 9,484 crore in generally consider overnight and liquid funds as options for parking idle savings outside the banking system. For a savings account alternative, safety and liquidity must take priority—and liquid and overnight funds come closest to meeting these this context, the key question is: should one review their emergency fund parked in liquid or overnight funds? Addressing this, Thakurta advises that investors need not worry about recent outflows, as they are largely driven by institutional activity and seasonal factors—not by any structural concerns. Liquid and overnight funds invest in highly liquid instruments such as treasury bills, call money, and other short-term government-backed securities, which carry zero credit risk and offer fixed, predictable Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? Commenting on better alternatives to park short-term surplus money right now, the expert said it's about being selective. 'If your investment horizon is up to 1–6 months, ultra short-term duration funds are ideal. For a horizon of 6 months to 1 year, arbitrage funds work well, as they offer better potential without a significant increase in volatility,' Thakurta at the monthly returns, liquid funds delivered an average absolute return of 0.53% in May and 0.49% in June. Overnight funds gave average returns of 0.46% in May and 0.41% in comparison, money market funds posted higher average returns—0.66% in May and 0.61% in the case of liquid and overnight funds, if an investor redeems money on a Friday, they receive the amount on Monday, but the net asset value (NAV) applicable will be that of Sunday. This is because NAVs for these funds are declared for every day, including weekends and continued outflows from these two categories, some investors are concerned about the potential impact on returns or liquidity. Addressing this, Thakurta said returns might remain slightly muted in the near term—especially for overnight and liquid funds—due to the series of interest rate cuts. However, there are no liquidity concerns.'Liquid and overnight funds can comfortably handle large inflows and outflows as they invest in highly liquid instruments like treasury bills and call money. Even with recent outflows, these funds remain robust and well-positioned to meet redemptions without stress,' he May, corporate bond funds received the highest inflows among the 16 sub-categories, amounting to Rs 11,983 crore. In June, short-duration funds topped the chart with inflows of Rs 10,276 these categories gain traction and receive the highest inflows, the question arises: are corporate bond and short-duration funds more suitable in the current environment compared to liquid and overnight funds?Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend The expert said it depends on the investment horizon. If you're looking to park funds for up to 6 months, ultra-short-term duration funds are ideal. However, if your time frame is beyond 6 months, arbitrage funds can be a wise choice, as they offer tax advantages along with better return potential and low to SEBI's mandate, overnight funds invest in overnight securities with a maturity of one day, while liquid funds invest in debt and money market securities with a maturity of up to 91 days. In contrast, money market funds invest in money market instruments with a maturity of up to one should always invest based on their risk appetite, investment horizon, and financial goals.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ along with your age, risk profile, and Twitter handle.
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Business Standard
5 days ago
- Business
- Business Standard
Anand Rathi Wealth gains 6% in trade after posting 28% rise in PAT in Q1
Anand Rathi Wealth share price gained 6 per cent on BSE, logging an intraday high at ₹2,250 per share after posting healthy Q1 numbers SI Reporter Mumbai Anand Rathi Wealth share price saw buying interest in the morning deals and gained 6 per cent in trade on Friday on BSE, logging an intraday high at ₹2,250 per share. At 10:27 AM, Anand Rathi Wealth shares were higher by 4.8 per cent at ₹2,224.5 per share on the BSE. In comparison, the BSE Sensex was down 0.52 per cent at 82,755.63. The company's market capitalisation stood at ₹18,467.94 crore. Anand Rathi Wealth Q1FY26 results The stock advanced after the company released its June quarter numbers on Thursday, after market hours. In Q1, the company's profit after tax (PAT) stood at ₹93.9 crore as compared to ₹73.4 crore a year ago, up 27.9 per cent year-on-year (Y-o-Y). Its revenue from operations stood at ₹274 crore, up 15.3 per cent, as compared to 237.6 crore a year ago. The asset under management (AUM) of the company stood at ₹87,797 crore as against ₹69,018 crore a year ago, up 27.2 per cent. According to the filing, the company's mutual fund distribution revenue increased by 27 per cent Y-o-Y to ₹113 crore and net inflows were highest ever in a quarter at ₹3,825 crore. What did Anand Rathi Wealth management say on Q1 performance? "We achieved our highest-ever quarterly net inflows of ₹ 3,825 crore and onboarded 598 new client families (net) in Q1 FY26, taking the total families served to 12,330. Client attrition, measured by AUM lost, remained at a low 0.11 per cent, underscoring the strength of our client-centric uncomplicated approach," said the company management. About Anand Rathi Wealth Limited Anand Rathi Wealth Limited is a wealth management firm, catering to high and ultra-high-net-worth individuals with a unique and differentiated client strategy. The company operates across 18 cities in India, has a representative office in Dubai, and is setting up new offices in London and Bahrain.
Time of India
6 days ago
- Business
- Time of India
Gold ETFs: 600% surge in monthly inflows to Rs 2,080 crore. Are you late to the party?
As Gold ETFs witnessed a surge of over 613% in monthly inflows to Rs 2,080 crore in June, market experts are of the opinion that gold prices have rallied in recent times due to a combination of global economic and geopolitical factors such as geopolitical uncertainty, central bank buying, inflation concern, and falling interest rates. 'Rising tensions globally, such as the India-US Trade Deal, conflicts in the Middle East, and Trump tariffs, have increased demand for gold as a safe-haven asset. Several countries have been aggressively adding gold to their reserves to diversify away from the US dollar and enhance financial security. India saw a huge jump to 72.6 tonnes of gold in 2024, the highest annual purchase in this three-year period,' Chethan Shenoy, Director & Head - Product & Research, Anand Rathi Wealth Limited shared with ETMutualFunds. Shenoy further adds that the fear of inflation keeps gold appealing as a hedge and with inflation stabilizing, central banks (especially the US Fed) are expected to cut rates in 2025 as lower interest rates makes gold more attractive. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Physical Gold vs Digital Gold: Which One Should You Invest In? Liseer Undo Also Read | Midcap and smallcap mutual funds witness surge in inflows. Is investor confidence back? Another expert believes that this surge is a shift in sentiment supported by resilient gold prices, geopolitical uncertainties and volatility in equity and fixed income markets. Live Events 'The robust inflows in June indicate a decisive shift in sentiment, likely supported by resilient gold prices, geopolitical uncertainties, and volatility in equity and fixed income markets, which have revived gold's appeal as a safe-haven asset,' said Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India. In May, gold ETFs received an inflow of Rs 291.91 crore after witnessing outflows for two consecutive months. In March and April, gold ETFs witnessed an outflow of Rs 77.21 crore and Rs 5.82 crore respectively. With gold ETFs gaining investors' interest, Shenoy mentions that when considering SIPs, investing in Gold through SIP is not the best option for investors as they would generate a better return investing in equity mutual funds . 'We suggest investors to maintain a balanced portfolio, with an asset allocation of 80:20 in equity to debt. But if one wants exposure to gold, it should not exceed 5-10% of their portfolio,' he adds. There are two other mutual fund categories - dynamic asset allocation and multi asset funds. Dynamic asset allocation funds make investment in equity or debt that is managed dynamically and multi asset funds invest in at least three asset classes with a minimum allocation of at least 10% each in all three asset classes. Also Read | Investing in JioBlackRock Liquid Fund? Find out 1-month to 1-year return of other liquid funds Considering the investment universe of these two categories as well, one thing that all want to know is how do gold ETFs compare with other hedging options like multi asset funds or dynamic asset allocation funds? Multi-asset and dynamic asset allocation funds are types of hybrid funds and cannot be directly compared with Gold ETFs as gold ETFs provide pure, single-asset exposure to gold and are typically used for hedging whereas hybrid funds invest across 2 or more categories, such as equity, debt, and commodities, the expert mentions. 'However, they often lack transparency, and investors have limited visibility or control over the actual allocation. It would be more beneficial for an investor to invest in pure-play equity and debt funds, with an allocation of 80:20 to ensure long-term stability and consistent wealth creation,' Shenoy advices. The total assets under management of gold ETFs was recorded at Rs 64,777 crore as on June 30, 2025 witnessing a surge of 4% from AUM of Rs 62,452 crore in May. On a yearly basis, the AUM has grown by 89% from an AUM of Rs 34,355 crore as on June 30, 2024. According to a report by ETMarkets, on Tuesday, gold and silver settled on a weaker note in the domestic and international markets. Gold and silver plunged in a highly volatile session due to long unwinding by traders ahead of the FOMC meeting minutes and Trump tariff fears. Traders booked profits in long positions ahead of the Fed's June meeting minutes. The U.S. President imposed a 25% trade tariff on Japan and South Korea and also sent letters to dozens of countries to impose trade tariffs if a trade deal is not executed. However, he extended the tariff deadline until 1st August to make a trade deal. Also Read | Quant Small Cap Fund adds Siemens Energy India, 5 others; exits ITC in June After analysing different probabilities of CAGR of Nifty vs Gold, the analysis shows gold has not been a consistent performer when compared to equity across different time frames as it's prices remain unpredictable which makes it a less dependable asset class for investment compared to Nifty, which has shown stable and consistent returns over the last 25 years. When considering long-term wealth creation, Nifty maintains a much stronger probability of beating inflation and compounding wealth versus Gold, which have a higher standard deviation and lower risk adjusted return potential, Shenoy mentions. 'Gold is a defence asset like debt. Hence, the total allocation to gold and debt in your portfolio should not exceed 20%,' he further recommends. Gold ETFs are exchange-traded funds that track the price of physical gold. Each unit of a Gold ETF is backed by a specific quantity of gold, usually equivalent to one gram. They are listed on stock exchanges, and you need a demat and trading account to buy and sell them. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Economic Times
6 days ago
- Business
- Economic Times
Gold ETFs: 600% surge in monthly inflows to Rs 2,080 crore. Are you late to the party?
Synopsis Gold ETFs experienced a significant surge in inflows, reaching Rs 2,080 crore in June, driven by geopolitical uncertainties, inflation concerns, and anticipated interest rate cuts. Experts suggest a balanced portfolio with limited gold exposure, favoring equity mutual funds for better returns. While gold serves as a safe-haven asset, it's considered less dependable for long-term wealth creation compared to equity. Gold ETFs experienced a significant surge in inflows in June, driven by global uncertainties and central bank actions. As Gold ETFs witnessed a surge of over 613% in monthly inflows to Rs 2,080 crore in June, market experts are of the opinion that gold prices have rallied in recent times due to a combination of global economic and geopolitical factors such as geopolitical uncertainty, central bank buying, inflation concern, and falling interest rates.'Rising tensions globally, such as the India-US Trade Deal, conflicts in the Middle East, and Trump tariffs, have increased demand for gold as a safe-haven asset. Several countries have been aggressively adding gold to their reserves to diversify away from the US dollar and enhance financial security. India saw a huge jump to 72.6 tonnes of gold in 2024, the highest annual purchase in this three-year period,' Chethan Shenoy, Director & Head - Product & Research, Anand Rathi Wealth Limited shared with further adds that the fear of inflation keeps gold appealing as a hedge and with inflation stabilizing, central banks (especially the US Fed) are expected to cut rates in 2025 as lower interest rates makes gold more attractive. Also Read | Midcap and smallcap mutual funds witness surge in inflows. Is investor confidence back? Another expert believes that this surge is a shift in sentiment supported by resilient gold prices, geopolitical uncertainties and volatility in equity and fixed income markets. 'The robust inflows in June indicate a decisive shift in sentiment, likely supported by resilient gold prices, geopolitical uncertainties, and volatility in equity and fixed income markets, which have revived gold's appeal as a safe-haven asset,' said Nehal Meshram, Senior Analyst – Manager Research, Morningstar Investment Research India. In May, gold ETFs received an inflow of Rs 291.91 crore after witnessing outflows for two consecutive months. In March and April, gold ETFs witnessed an outflow of Rs 77.21 crore and Rs 5.82 crore respectively. With gold ETFs gaining investors' interest, Shenoy mentions that when considering SIPs, investing in Gold through SIP is not the best option for investors as they would generate a better return investing in equity mutual funds. 'We suggest investors to maintain a balanced portfolio, with an asset allocation of 80:20 in equity to debt. But if one wants exposure to gold, it should not exceed 5-10% of their portfolio,' he adds. There are two other mutual fund categories - dynamic asset allocation and multi asset funds. Dynamic asset allocation funds make investment in equity or debt that is managed dynamically and multi asset funds invest in at least three asset classes with a minimum allocation of at least 10% each in all three asset classes. Also Read | Investing in JioBlackRock Liquid Fund? Find out 1-month to 1-year return of other liquid funds Considering the investment universe of these two categories as well, one thing that all want to know is how do gold ETFs compare with other hedging options like multi asset funds or dynamic asset allocation funds?Multi-asset and dynamic asset allocation funds are types of hybrid funds and cannot be directly compared with Gold ETFs as gold ETFs provide pure, single-asset exposure to gold and are typically used for hedging whereas hybrid funds invest across 2 or more categories, such as equity, debt, and commodities, the expert mentions.'However, they often lack transparency, and investors have limited visibility or control over the actual allocation. It would be more beneficial for an investor to invest in pure-play equity and debt funds, with an allocation of 80:20 to ensure long-term stability and consistent wealth creation,' Shenoy advices. The total assets under management of gold ETFs was recorded at Rs 64,777 crore as on June 30, 2025 witnessing a surge of 4% from AUM of Rs 62,452 crore in May. On a yearly basis, the AUM has grown by 89% from an AUM of Rs 34,355 crore as on June 30, to a report by ETMarkets, on Tuesday, gold and silver settled on a weaker note in the domestic and international markets. Gold and silver plunged in a highly volatile session due to long unwinding by traders ahead of the FOMC meeting minutes and Trump tariff fears. Traders booked profits in long positions ahead of the Fed's June meeting U.S. President imposed a 25% trade tariff on Japan and South Korea and also sent letters to dozens of countries to impose trade tariffs if a trade deal is not executed. However, he extended the tariff deadline until 1st August to make a trade deal. Also Read | Quant Small Cap Fund adds Siemens Energy India, 5 others; exits ITC in June After analysing different probabilities of CAGR of Nifty vs Gold, the analysis shows gold has not been a consistent performer when compared to equity across different time frames as it's prices remain unpredictable which makes it a less dependable asset class for investment compared to Nifty, which has shown stable and consistent returns over the last 25 years. When considering long-term wealth creation, Nifty maintains a much stronger probability of beating inflation and compounding wealth versus Gold, which have a higher standard deviation and lower risk adjusted return potential, Shenoy mentions.'Gold is a defence asset like debt. Hence, the total allocation to gold and debt in your portfolio should not exceed 20%,' he further ETFs are exchange-traded funds that track the price of physical gold. Each unit of a Gold ETF is backed by a specific quantity of gold, usually equivalent to one gram. They are listed on stock exchanges, and you need a demat and trading account to buy and sell them. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Time of India
01-07-2025
- Business
- Time of India
Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds!
With gold , silver , and equity market rallying and investors confused about which one to choose for investment, the market experts recommend that given the current geopolitical backdrop, political uncertainty, and global inflationary pressures, investors should prioritize a multi asset strategy as diversification helps in mitigating risk during turbulent times. 'Given the current geopolitical backdrop including the Israel-Iran conflict, global inflationary pressures, and political uncertainty, investors should prioritize a multi-asset strategy. Diversification across asset classes can help mitigate risk during such turbulent times. In such an environment, multi-asset funds become an ideal choice for the consumer as they offer exposure across equity, debt, commodities, and precious metals,' Viraj Gandhi, CEO, SAMCO Mutual Fund shared with ETMarkets. Also Read | Sensex vaults 11,000 points from April lows. Which mutual funds should you buy? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » He further shared that multi asset funds provide automatic rebalancing, professional management, and dynamic allocation, which is especially useful during times of elevated volatility and this is not the time to be overly aggressive. Therefore, the path lies in maintaining a diversified portfolio that can absorb shocks and still participate in potential upside, Gandhi recommended. Another expert mentions that gold prices have rallied due to global macro uncertainties and central bank buying, silver has benefited from both industrial demand and its traditional role as a precious metal, has also gained significantly whereas equity markets are hitting all-time highs, supported by high FII inflows, strong earnings outlook and macro stability. Live Events 'Due to these positive trends, this category might attract investors. However, one should remember that diversification should not be done at a fund level as it becomes difficult to reallocate across asset classes as and when required,' Chethan Shenoy, Executive Director & Head - Product & Research at Anand Rathi Wealth Limited shared with ETMutualFunds. Out of 29 multi asset funds, the majority of funds hold over 65% allocation in equity, 25% in debt and nearly 10% in others which includes gold/commodities. DSP Multi Asset Allocation Fund is an exception which holds nearly 88% in others. (Data source: ACE MF) Post witnessing the allocation, Shenoy mentions that the uniformity across most schemes limits both diversification and flexibility and since the equity portion is often large-cap heavy, investing across multiple such funds may still not provide meaningful diversification. He further advised that instead of relying on multi asset allocation funds , investors should consider reaching their desired asset class exposure at the portfolio level and allocating to multi asset funds may not be the most efficient choice, especially when similar or better results can be achieved through a customizable equity-debt mix. Also Read | JioBlackRock Mutual Fund: 3 NFOs open for subscription today. Should you invest? In the current calendar year so far, multi asset allocation funds received a total inflow of Rs 11,054 crore, the second highest among all hybrid categories. Among six-hybrid mutual fund categories, in March, multi asset allocation funds received the highest inflow of Rs 1,670 crore. The total AUM of multi asset funds was recorded at Rs 1.18 lakh crore as on May 31, 2025. As these funds are gaining investors' interest, Pradeep Kesavan, Fund Manager and Equity Strategist at SBI Mutual Fund recommends multi asset funds along with flexi cap and balanced advantage funds as a good option for new investors with a moderate risk profile. In the last one year, there were 24 multi asset allocation funds, of which eight gave double-digit, 14 gave single-digit whereas two gave negative returns. WOC Multi Asset Allocation Fund offered the highest return of 15.71% in the last one year, followed by DSP Multi Asset Allocation Fund which gave 13.30% return. Aditya Birla SL Multi Asset Allocation Fund was the last one to offer double-digit return and it gave 10.40% return in the last one year. HSBC Multi Asset Allocation Fund offered the lowest positive return of 4.53%. Shriram Multi Asset Allocation Fund and Motilal Oswal Multi Asset Fund lost 3.23% and 9.01% respectively in the last one year. Shenoy is of the opinion that despite the recent performance, multi-asset allocation funds may not fully capitalize on each asset's potential due to their preset allocation structures and these funds remain equity-heavy, and do not offer significant differentiation from equity funds. 'If investors are already defining their asset mix at the overall portfolio level, adding a multi-asset allocation fund could lead to redundancy or concentration, especially if the fund is skewed toward equity,' he added. Also Read | 11 equity mutual funds multiply investors' lumpsum investment by over 4.3 times in 5 years 'Hence, investors should consider avoiding multi-asset allocation funds and instead opt for individual exposure to equity and debt based on their financial goals and risk profile. This allows for the ideal strategy for better returns, long term growth and wealth creation,' Shenoy recommends. According to the Sebi mandate, multi asset allocation funds invest in at least three asset classes with a minimum allocation of at least 10% each in all three asset classes. One should always invest based on their risk appetite, investment horizon, and goals. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
