Mutual Funds Updates

The Nifty Realty index has delivered impressive returns of 110% over the past year, significantly outperforming other equity indices. This surge is attributed to rising real estate prices, increasing demand, and favorable conditions for realty companies. Deepak Jasani, Head of Retail Research at HDFC Securities, highlights that stable interest rates and growing affordability have boosted residential property sales. Government policies, including up to 100% FDI for townships and the PM Awas Yojana, have further supported the sector. Despite the strong performance, Jasani notes that the demand for office and residential spaces is still unmet, which might lead to a moderation in the index's pace and potential short-term corrections. Stocks Gaining Traction Among Fund Managers Here are the real estate stocks that fund managers have increasingly added to their portfolios in the past three months, according to data as of April 30, 2024: Prestige Estates Projects Active Equity Schemes Add...

Gold has seen a promising rise recently, with gains of over 15% in the domestic market throughout 2023. This positive trend has continued into 2024, with MCX gold prices climbing 12.5% so far this year. On May 10, as India celebrated Akshaya Tritiya—a significant festival for buying precious metals—gold prices surged. The yellow metal, often considered a safe haven during market volatility, was trading about 1% higher at over Rs 72,000 per 10 grams on the MCX. Gold’s Recent Performance In 2023, gold achieved a notable 15% increase in domestic markets. This upward trajectory has persisted into 2024, with the MCX gold rising 12.5%, slightly ahead of the 12.2% gain seen in spot Comex gold. Factors such as geopolitical tensions, central bank policies, and fluctuations in the dollar index contributed to this performance. Central banks globally increased their gold purchases significantly in 2023, acquiring 1,037 tonnes, which supported gold’s value amid various global uncertainties. ETF and...

Moneycontrol’s MC30 list, featuring a curated selection of top mutual fund schemes, has introduced three new entries this year. These include two equity funds from one of India’s major mutual fund houses and a well-established hybrid fund. Here's a closer look at these new additions: HDFC Flexi-cap Fund : With assets totaling Rs 50,840 crore, the HDFC Flexi-cap Fund (HFF) is one of the largest actively managed equity schemes in India. Launched in January 1995, it has delivered a compounded annual growth rate of 19% since inception. Under the management of Prashant Jain from 2004 to 2022, the fund saw notable success, despite a challenging period from 2015 to 2019. Since Roshi Jain took over in July 2022, she has streamlined the portfolio, reducing the number of stocks from 56 to 41 and shifting focus from energy and industrials to healthcare and real estate. HDFC Top 100 Fund : The HDFC Top 100 Fund (HT100), originally known as HDFC Top 200, is a prominent large-cap fund that has b...