Actively managed mutual fund (MF) schemes had been at the receiving end over the past few years for their inability to beat their benchmarks. However, the slump in shares of Adani Group companies – two of which are part of the benchmark National Stock Exchange Nifty50 index – have helped them improve their performance vis-à-vis exchange-traded funds (ETFs) or index funds.
Posts tagged Rediff
Why Telcos Want Airlines To Replace Altimeters (02-05-2023)
‘If the airlines are not given a clear deadline to change the altimeters by the DGCA, why should they do it voluntarily?’ ‘It means that the aircraft will be grounded for a while and lose money.’
Donations to lower tax slab can make taxman see red (02-05-2023)
The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records of these donations do not correspond with the income and expenses of those making them. Sandeep Bajaj, managing partner, PSL Advocates and Solicitors, says, “Notices were issued for donations made during the assessment years of 2017-18 through 2020-21.”
Exchange route mandatory for sub-Rs 25 cr ETF deals (02-05-2023)
Buying and selling of exchange trade fund (ETF) units worth less than Rs 25 crore will now have to take place compulsorily on the stock exchange platform, according to a new rule which comes into effect on Tuesday. The fresh norm, which comes into being after two deferments, is aimed at boosting liquidity and reducing tracking error. At present, investors directly deal with the asset management companies (AMCs) for purchase and redemption of ETFs – passive schemes that track a particular benchmark such as the Nifty50 index.
Can CEO Change Impact Stock Performance? (02-05-2023)
‘The impact of CEO transition is fairly even for stocks, with about half (53 per cent) of the events not producing any change in the relative performance of the stock.’
Must Read! New TCS CEO’s Views On The World (02-05-2023)
‘Every time a new tech comes in, there are a set of people who will predict that this will be the end of Indian IT and every time the Indian IT industry and overall technology providers have proven to be resilient.’
CBDC Pilot May Continue For 1 More Year (02-05-2023)
One reason why volumes have not increased in the retail segment is that users are not aware of merchants who accept digital currency.
Top 3 carmakers report brisk sales in April (01-05-2023)
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country’s largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Top 3 carmakers report brisk sales in April (01-05-2023)
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country’s largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Earnings boost lifts early bird results (01-05-2023)
The early bird results for the January-March quarter of 2022-23 (Q4FY23) show a pick-up in earnings growth, despite a slowdown in revenue growth, thanks to a decline in input costs and lower provisioning for bad loans by banks. The combined net profit of 66 companies that have, so far, declared their quarterly results was up 15.2 per cent year-on-year (YoY) in Q4FY23, an improvement from 4.3 per cent YoY growth in Q3. Net sales growth of these companies, however, slowed down to 11.5 per cent YoY in January-March 2023, the slowest rate in eight quarters.