Latest news with #NIFTY500
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
HDFC AMC launches innovation fund with thematic bet but higher risk
HDFC Asset Management Company (AMC) has launched an open-ended equity scheme that will invest in companies with 'innovative' products processes or business models, it said on Tuesday. HDFC Innovation Fund opens on June 27 and closes on July 11, 2025. The thematic fund will give investors 'exposure to firms that are at the forefront of transformation, driven by digital adoption, startup energy, and government-backed innovation policies', said HDFC AMC on Tuesday. 'With our research-driven approach, we aim to capture the long-term wealth creation potential of innovation-focused businesses,' said Navneet Munot, chief executive officer and managing director of HDFC AMC, about the new fund offer (NFO). HDFC Innovation NFO's key features Benchmark Index: NIFTY 500 (Total Returns Index) Approach: Bottom-up stock picking, diversified across sectors and market caps The HDFC Innovation Fund will be available in two plans, Direct and Regular. The Direct Plan is meant for investors who invest on their own and comes with lower costs, while the Regular Plan includes distributor commissions. Each plan offers two options: Growth, where returns are reinvested to build wealth over time, and Income Distribution cum Capital Withdrawal (IDCW), which provides periodic payouts to investors seeking regular income. Opportunities and risks Opportunities: Gain early exposure to India's innovation-led growth stories. Diversified play across sectors and market caps. Potential long-term capital appreciation through transformative businesses. Risks: It may be more volatile than diversified equity funds. Concentration in innovation-led sectors may underperform in certain market cycles. Market timing risk during the NFO period could affect short-term returns. Should you invest? Innovation is undeniably a long-term structural trend in India, supported by government policies, a tech-driven startup environment, and digital acceleration. However, as with all equity investments, especially thematic ones, investors must align this with their risk appetite and investment horizon. Those looking for long-term growth and comfortable with potential short-term volatility may find this fund a strategic addition to their portfolio. Conservative investors may prefer to wait and watch how the fund performs post-NFO.
Time of India
10-06-2025
- Business
- Time of India
Parag Parikh Flexi Cap Fund adds Bharti Airtel and Nesco to its portfolio in May
Parag Parikh Flexi Cap Fund, the largest flexi cap fund by assets under management, added two new stocks to its portfolio in May — Bharti Airtel and Nesco. The fund purchased around 1.17 crore shares of Bharti Airtel and 89,469 shares of Nesco during the month. The fund did not exit any stock in the same period. It increased its exposure in eight stocks, including Zydus Lifesciences , Power Grid Corporation of India , Mahindra & Mahindra, ITC, HDFC Bank , EID Parry India , Coal India , and Cipla. Also Read | Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance 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 Play War Thunder now for free War Thunder Play Now Undo Around 1.52 crore shares of Power Grid Corporation of India were added to the portfolio, taking the total holding to 20.88 crore shares in May, up from 19.36 crore in April. The fund also added 73.57 lakh shares of Coal India, followed by 39.99 lakh shares of ITC during the same period. The total number of Mahindra & Mahindra shares in the portfolio rose to 1.22 crore in May from 1.10 crore in April, with 11.91 lakh shares added. Additionally, 8.87 lakh shares of Cipla and 4.80 lakh shares of HDFC Bank were added during the month. Live Events The fund also included 3.22 lakh shares of Zydus Lifesciences and 2.54 lakh shares of EID Parry India in its portfolio in May. Exposure in 14 stocks remained unchanged, including Axis Bank, Bajaj Holdings & Investment, Central Depository Services (India), ICICI Bank , ICRA, Indian Energy Exchange , Infosys, Maharashtra Scooters , Kotak Mahindra Bank , Maruti Suzuki India , Swaraj Engines , and Multi Commodity Exchange of India. The fund held 28 stocks in its portfolio in May, up from 26 in April. Its assets under management (AUM) stood at Rs 1.03 lakh crore in May, compared to Rs 98,541.28 crore as of April 30, 2025. Also Read | Parag Parikh Flexicap Fund crosses Rs 1 lakh crore AUM: Neil Parikh Launched on May 24, 2013, the scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. It is benchmarked against the NIFTY 500 (TRI), and the minimum investment amount for new purchases, additional purchases, and monthly SIPs is Rs 1,000. Last month, the Chairman and CEO of PPFAS Mutual Fund , Neil Parikh, announced on social media that the Parag Parikh Flexi Cap Fund had crossed Rs 1 lakh crore in assets under management (AUM). Parikh called it the first actively managed scheme in India to reach this milestone. He wrote on social media platform X, 'I don't normally talk about AUM or have any AUM-based targets in our organization, but today is special… PPFAS Flexi Cap crossed Rs 1 lakh crore AUM today. I believe it is the first actively managed scheme to do so in India.'
Economic Times
10-06-2025
- Business
- Economic Times
Parag Parikh Flexi Cap Fund adds Bharti Airtel and Nesco to its portfolio in May
The fund exited no stocks but raised exposure in eight existing holdings, including Power Grid, Mahindra & Mahindra, ITC, HDFC Bank, Coal India, Zydus Lifesciences, Cipla, and EID Parry. Parag Parikh Flexi Cap Fund, the largest flexi cap fund by assets under management, added two new stocks to its portfolio in May — Bharti Airtel and Nesco. The fund purchased around 1.17 crore shares of Bharti Airtel and 89,469 shares of Nesco during the month. The fund did not exit any stock in the same period. It increased its exposure in eight stocks, including Zydus Lifesciences, Power Grid Corporation of India, Mahindra & Mahindra, ITC, HDFC Bank, EID Parry India, Coal India, and Cipla. Also Read | Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance Around 1.52 crore shares of Power Grid Corporation of India were added to the portfolio, taking the total holding to 20.88 crore shares in May, up from 19.36 crore in April. The fund also added 73.57 lakh shares of Coal India, followed by 39.99 lakh shares of ITC during the same total number of Mahindra & Mahindra shares in the portfolio rose to 1.22 crore in May from 1.10 crore in April, with 11.91 lakh shares added. Additionally, 8.87 lakh shares of Cipla and 4.80 lakh shares of HDFC Bank were added during the month. The fund also included 3.22 lakh shares of Zydus Lifesciences and 2.54 lakh shares of EID Parry India in its portfolio in May. Exposure in 14 stocks remained unchanged, including Axis Bank, Bajaj Holdings & Investment, Central Depository Services (India), ICICI Bank, ICRA, Indian Energy Exchange, Infosys, Maharashtra Scooters, Kotak Mahindra Bank, Maruti Suzuki India, Swaraj Engines, and Multi Commodity Exchange of India. The fund held 28 stocks in its portfolio in May, up from 26 in April. Its assets under management (AUM) stood at Rs 1.03 lakh crore in May, compared to Rs 98,541.28 crore as of April 30, 2025. Also Read | Parag Parikh Flexicap Fund crosses Rs 1 lakh crore AUM: Neil Parikh Launched on May 24, 2013, the scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. It is benchmarked against the NIFTY 500 (TRI), and the minimum investment amount for new purchases, additional purchases, and monthly SIPs is Rs 1,000. Last month, the Chairman and CEO of PPFAS Mutual Fund, Neil Parikh, announced on social media that the Parag Parikh Flexi Cap Fund had crossed Rs 1 lakh crore in assets under management (AUM). Parikh called it the first actively managed scheme in India to reach this milestone. He wrote on social media platform X, 'I don't normally talk about AUM or have any AUM-based targets in our organization, but today is special… PPFAS Flexi Cap crossed Rs 1 lakh crore AUM today. I believe it is the first actively managed scheme to do so in India.'
Indian Express
01-06-2025
- Business
- Indian Express
‘Majority promoter stake in most firms influences voting outcomes'
Despite an increase in institutional ownership, promoters continue to maintain majority stake in most companies, allowing them to exercise a significant control over voting outcomes in shareholder meetings, according to a report by the Institutional Investor Advisory Services (IiAS), a proxy advisory firm. In the report – Shareholding Meetings Review for 2024, IiAS analysed shareholder meetings for the NIFTY500 companies, with focus on voting behaviours and evolving corporate governance practices. 'Their (promoters) dominant shareholding, combined with consistently high participation in voting, often results in outcomes that favour their interests. Since August 2011, our data shows that only one in every 200 resolutions has been defeated – evidencing the outsized influence of promoter ownership,' IiAS said in a report. The report said that a total of 1,057 shareholder meetings were held, where 4,840 resolutions were put to vote in 2024. Five resolution categories – director appointment, adoption of accounts, remuneration and compensation, dividend distribution and auditor appointments re-appointments – accounted for over 71.4 per cent of all resolutions. During the calendar year 2024, promoters held 51.18 per cent of the equity in NIFTY500 companies and voted 78.69 per cent of their shares. On the other hand, institutional investors owned 26.61 per cent of the equity and cast votes on 79.29 per cent of their eligible shares, with the median voting level at 87.2 per cent. The 'Others' category of shareholders had the lowest equity ownership (22.21 per cent) and the lowest share of votes cast (19.06 per cent). The report said that the promoters' abstentions were primarily in cases where resolutions required a majority-of-minority vote. A majority-of-minority vote is a mechanism in which majority of the minority shareholders are needed to pass a resolution. In this voting mechanism, majority shareholders are excluded from voting. 'When they did vote, promoters almost always supported the resolutions – in the rare 0.1 per cent of instances where they voted against, it was largely due to intra-promoter disputes,' the report said. Institutions generally supported resolutions as well, voting against only 5.44 per cent of their shares. Of the 4,840 resolutions proposed by NIFTY 500 companies, 24 were defeated. This included – director appointments (11 resolutions); employee stock option plans (ESOPs) (six); related party transactions (RPTs) (three); alterations to charter documents (two) and restrictions on board powers (two). ESOPs continue to face the highest investor dissent, followed by remuneration and compensation (of managing and executive directors), restrictions on board powers, director appointments, alterations to charter documents, it said. Dissent on RPTs has declined since these now require a majority-of-minority vote. The report said that regulators have attempted to address the imbalance (dominance of promoters in controlling voting outcomes) by limiting the delegation to the board, with shareholders needing to sign-off on most decisions. To further strengthen shareholder democracy, IiAS has recommended the board adopt – or regulators mandate, a shareholder dissent review mechanism. Under this, if a resolution is approved despite significant shareholder opposition, the board will be required to formally engage with dissenting minority shareholders, understand their concerns, and either explain themselves more clearly, or take appropriate corrective actions. Mandating boards to meaningfully respond to material dissent through a shareholder dissent review mechanism has significant potential to improve transparency and trust, the report said.
Economic Times
13-05-2025
- Business
- Economic Times
Parag Parikh Flexi Cap Fund exits ITC Hotels and increases stake in 8 stocks
Parag Parikh Flexi Cap Fund made changes to its portfolio in April. The fund completely sold its shares in ITC Hotels. Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, made a complete exit from ITC Hotels in April by selling 98.99 lakh shares from its portfolio, whereas it increased its stake in eight stocks in the same period. Around 72.49 lakh shares of Coal India were added to the portfolio on a monthly basis, taking the total number of shares to 14.83 crore in April against 14.10 crore shares in March. The fund also added 40.76 lakh shares of ITC in the same Read | Largecap mutual funds gain investor interest, inflows surge by 8% in April The shares of Zydus Lifesciences went up to 1.39 crore in April by increasing 9.32 lakh shares to the portfolio. Around 8.51 lakh shares of Power Grid Corporation of India and 6.40 lakh shares of Mahindra & Mahindra were added to the portfolio in the mentioned period. The largest flexi cap fund added 2.70 lakh shares of Dr. Reddy's Laboratories and 1.44 lakh shares of EID Parry India to its portfolio in the mentioned period. And lastly, it added 3,592 shares of Maruti Suzuki India to its portfolio. The exposure in two stocks was reduced, which included Motilal Oswal Financial Services and IPCA Laboratories. Around 23.27 lakh shares of Motilal Oswal Financial Services and 69,771 shares of IPCA Laboratories were reduced from the portfolio in the mentioned exposure in 16 stocks remained unchanged which included HDFC Bank, Bajaj Holdings & Investment, ICICI Bank, Kotak Mahindra Bank, HCL Technologies, Infosys, Cipla, Indian Energy Exchange, CDSL, Swaraj Engines, Maharashtra Scooters, and Multi Commodity Exchange of new stock was added to the portfolio in the said period. The fund had 26 stocks in its portfolio in April against 27 stocks in Parikh Flexi Cap Fund (PPFCF) is an open-ended equity-oriented scheme with flexibility to invest a minimum of 65% in Indian equities and up to 35% in overseas equity security and domestic debt/money market securities. The core portfolio consists of equity investments made with a long-term outlook, and the factors considered while investing are quality of management, quality of the sector, and the business (return on capital, entry barriers, capital intensity, use of debt, growth prospects, etc) and the valuation of the companies. Also Read | Staying invested and patient pays off for 'Dumber' investors against timing market: Radhika Gupta Launched on May 24, 2013, the scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. The scheme had an AUM of Rs 98,541.28 crore as on April 30, is benchmarked against NIFTY 500 (TRI) and the minimum investment amount for new purchase, additional purchase, and monthly SIP is Rs 1, fund house said, 'We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macro-economic situation but is focused on individual companies. We have about 26.30% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long-term investments at appropriate levels.'
