Latest news with #DeepakShenoy
Time of India
3 hours ago
- Business
- Time of India
Post-Covid surge in MF AUM share reflects structural change in financial intermediation: Uday Kotak
The post-Covid mutual fund share—mainly in equities—has doubled to 31% of bank deposits, reflecting a structural change in financial intermediation , said Uday Kotak , Founder & Director of Kotak Mahindra Bank , on a social media platform. He also noted that India's savers have become investors, signalling a shift in how people manage their money. The traditional image of Indian households parking most of their wealth in fixed deposits is steadily evolving. Also Read | Up 29% in 5 months! Should you invest or avoid gold mutual funds? 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 If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Uday Kotak posted on social media platform X, 'India's saver turns investor. Post-Covid, mutual fund AUM share—mainly equity—has doubled to 31% of bank deposits. Reflects structural change in financial intermediation. It grows domestic risk capital and creates an equity culture. But let's be alert about excessive exuberance.' India's saver turns investor. Post Covid, mutual fund AUM share, mainly equity,has doubled to 31% of bank deposits. Reflects structural change in financial intermediation. It grows domestic risk capital and creates an equity culture. But let's be alert about excessive exuberance. — Uday Kotak (@udaykotak) June 20, 2025 He posted an image stating that mutual fund assets are now nearly a third of bank deposits, accompanied by data from FY15 to FY25, including the latest available reading for May. In FY15, mutual fund AUM as a proportion of bank deposits stood at 13%, which has risen to 29% in FY25. Live Events The data showed temporary declines in FY20 and FY23. In FY20, the ratio dropped to 16% from 20% in FY19, while in FY23, it dipped to 22% from 23% in FY22. The most recent data point from May 2025 shows the ratio at 31%. According to Uday Kotak, this surge contributes to the growth of domestic risk capital and fosters an equity investment culture. Also Read | Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund This trend helps build domestic risk capital, reduces dependence on foreign money, and strengthens the long-term depth and resilience of our capital markets. Yet, one must remain mindful of excessive exuberance.
Time of India
a day ago
- Business
- Time of India
Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund
Deepak Shenoy 's CapitalMind Mutual Fund has filed its first draft document with Sebi to launch a flexi cap fund - Capitalmind Flexi Cap Fund . The fund will be an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks. The investment objective of the fund will be to generate long-term capital appreciation by investing predominantly in equity & equity related instruments across market capitalization i.e. large-cap, mid-cap and small-cap stocks. Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May 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 New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo It will be benchmarked against NIFTY 500 TRI and will be managed by Anoop Vijaykumar . The fund will offer regular and direct plans both with growth option only. For each purchase of units through lumpsum / switch-in / Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), exit load on redemption / Systematic Withdrawal Plan (SWP) / Switch-out, will be as: (i) If units redeemed or switched out within 12 months from the date of allotment – 1% of the applicable NAV (ii) If redeemed/switched out after 12 months from the date of allotment, the exit load will be nil. Live Events The minimum application amount for lumpsum investment is Rs 5,000 and in multiples of Re 1 thereafter. For SIP, the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter with a minimum of 6 instalments. The fund will allocate 65-100% in equity and equity related instruments of large cap, mid cap and small cap companies, 0-35% in debt securities & money market instruments (including cash & cash equivalents), 0-10% in units issued by REITs and INVITs, and 0-5% in units of mutual fund scheme. The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalizations. We employ a rule-based active approach using proprietary rule sets developed through an analysis of market, macroeconomic, and fundamental factors. Also Read | Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy? 'Our equity allocation decisions are data-driven, based on objective market variables, including but not limited to macroeconomic variables, current equity market valuations and interest rates. Final investment decisions will be taken by the Fund Manager(s) based on the data referenced above, but may also be based on specific subjective analysis of underlying securities,' the fund house said in the draft document. Stock selection and weighting utilize quantitative factor-based methodologies designed to achieve a balanced mix of attributes that support long-term performance within defined risk parameters. A factor represents any quantifiable attribute that significantly explains the risk and/or return characteristics of a security. The Scheme may employ single factors or combinations to enhance diversification and risk control. According to the draft document, the scheme will be suitable for investors who are seeking - long term wealth creation and investment predominantly in equity and equity related instruments across large cap, mid cap and small cap stocks.
Time of India
a day ago
- Automotive
- Time of India
Bajaj Auto, Tata Power among 13 companies to trade ex-dividend on Friday. Last chance to buy!
The shares of Bajaj Auto , Tata Power , and HDFC Life Insurance will start trading on an ex-dividend basis from Friday, June 20, which makes today the last day to buy the shares of these companies to qualify for the dividends. The record date is the cut-off date set by the company to determine which shareholders are eligible to receive the dividend. If you are a shareholder on the record date, you will receive the dividend, regardless of when you purchased the shares. Meanwhile, the ex-date (or ex-dividend date) is the first day a stock trades without the dividend. On or after this date, new buyers of the stock will not be entitled to the upcoming dividend. The ex-date is typically set one business day before the record date. Under the T+1 settlement system, applicable in Indian equity markets, trades are settled one working day after the transaction date. Therefore, investors must buy shares by June 19, for the transaction to be settled and reflected in their demat accounts by the record date. Bajaj Auto Live Events Shares of Bajaj Auto will start trading ex-bonus on Friday, June 20 for its Rs 210 per share dividend, which means that today is the last day for investors to purchase Bajaj Auto shares and remain eligible to receive the said dividend. 'Pursuant to Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the Company has fixed Friday, 20 June 2025 as the record date for determining entitlement of members to dividends for the financial year ended 31 March 2025,' the company said in a previous filing to the stock exchanges. The payment of the said dividend will be made on August 8. The shares of Bajaj Auto were trading flat at Rs 8,507.65 on the BSE at around 10 am today. Also read: India a great place to invest; it is expensive because you are paying for long-term growth: Deepak Shenoy Tata Power The board of Tata Power announced a final dividend of Rs 2.25 per share for its eligible shareholders, fixing June 20 as the record date. 'The Board has recommended a final dividend of Rs 2.25 per Equity Share of Rs 1 each (@ 225%) to the members for the financial year ending March 31, 2025,' the company informed. 'If approved by the members at the AGM, will be paid, subject to deduction of tax at source, on and from Monday, July 7, 2025 as under: i. to all beneficial owners in respect of shares held in electronic form as per the data as may be made available by depositories at the close of business hours on Friday June 20, 2025,' the exchange filing further read. Around 10 am today, the shares of Tata Power were trading 0.5% lower at Rs 391.35 on the BSE. Here is a list of other companies that will start trading ex-dividend from Friday: Bank of India – Final dividend of Rs 4.05 per share (40.5%) Greenlam Industries – Final dividend of Rs 0.4 per share (40%) HDFC Life Insurance – Final dividend of Rs 2.1 per share (21%) Mawana Sugars – Final dividend of Rs 1 per share (10%) Punjab National Bank – Final dividend of Rs 2.9 per share (145%) Rossari Biotech – Final dividend of Rs 0.5 per share (25%) Solitaire Machine Tools – Final dividend of Rs 2 per share (20%) Supreme Industries – Final dividend of Rs 24 per share (1200%) Swastika Investmart – Final dividend of Rs 0.6 per share (30%) Torrent Pharmaceuticals – Final dividend of Rs 6 per share (120%) Transcorp International – Final dividend of Rs 0.3 per share (15%)
Time of India
a day ago
- Business
- Time of India
India a great place to invest; it is expensive because you are paying for long-term growth: Deepak Shenoy
Deepak Shenoy , Founder, Capital Mind , says India remains a promising long-term investment destination due to its robust economy, outperforming many global counterparts. While some markets may offer temporary gains, India's current valuation reflects its sustained growth potential. Despite recent crude oil price fluctuations, India's OMCs are managing, though refining margins may experience volatility, impacting their overall valuation. Is the consolidation that we are seeing in the market a temporary pause before we start moving higher? The macros look very ripe for the Indian market, the rate cut has come through, the dollar index is cooling off, and with the hope of the earnings improving going ahead in the second half, do you see the markets go higher from here on after a phase of consolidation? And when do you see this consolidative phase getting over? Deepak Shenoy: We are fund managers, we always like the markets to be going up. So we will always have this optimistic view that in general, the markets should go up. But it is very difficult to predict the short term, so we are not really keen on saying no, no it is going to happen three months and six months and all that, but in general there is a lot of uncertainty in the near term, and that near-term uncertainty causes markets to be both volatile upside and downside. There's not much point predicting or trying to do anything about that. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo If you look at the longer-term sentiment around 2 years, 5 years, 10 years, – those are a little more understandable from the perspective of the macro. The macro says that India is relatively less leveraged, the government does not have as much debt to GDP as otherwise, our interest rates are much more controllable because inflation is low, we have corporate capex that probably has a lot of room for it to grow because corporate balance sheets are strong. Domestic consumption in terms of retail loans has not picked up meaningfully in the last year or so and I hope that will change. But by and large, those have been the breaking down factors saying we are not growing meaningfully largely right now, but longer term we will do well. Whether this phase is a consolidation phase or before a breakout or whether it will before a breakdown I am not sure, but my feeling is if you are in this for the long term, India is a great place to invest; we have a strong economy, relatively better than perhaps a lot of other countries around the globe. The markets may reward some other pockets basically because they have either been beaten down too much or have a temporary upsurge, but relatively speaking, we are expensive but we are also growing. So, we are paying for long-term growth. If you are in this market, you should not think of the next three or six months as your target territory. You are thinking of five years, I think you have a better chance at making a reasonable return. Live Events You Might Also Like: Iran-Israel Conflict: A Middle East flashpoint that Indian economy can't ignore We can definitely understand your optimism towards the market, that being a fund manager you are always optimistic and you want the markets to go; but the fact of the matter is that there is a rise in the geopolitical tensions and that is impacting crude which is not good for the Indian market. So, give us some sense about how you see the crude movement? Do you believe that such elevated levels are sustainable or could there be a cool off anytime soon? Is it a good time to look out for some OMCs which are any ways cheaper. Deepak Shenoy: OMCs have always been cheap. For one, they are cheap because they do not have any meaningful pricing power. The last few years have been good for them because they have been able to buy crude at whatever price and their retail prices to you and me have been the same more or less for the last three years. We have had no real meaningful inflation or deflation in the fuel prices at the pump for three years now. The crude itself was at $140 in 2008. It is at $70 now, half that price. We are talking of an increase from some $60 odd to some $70 odd, which is not meaningful. From a perspective of whether India can handle this? It is fine. We are okay with everything. What will happen is margins will change for even the OMCs. The overall margins from the refining end will go down a little bit. They get expanded margins or contracted margins on the retail front. So, they are very volatile from that perspective and nobody values them meaningfully. The problem really is that we have great RoEs at certain times, but terrible RoEs at times when we cannot control the prices and the government wants us to take the hit rather than reducing excise duties when crude prices go up. So, I would not meaningfully try to bet long-term on any of these stocks right now, other than short-term momentum bursts. I do not meaningfully see this as a long-term kind of growth-oriented strategy. However, crude prices at an absolute level, are not meaningfully high and most Indian inflation that is imported from the crude basket is slowly starting to change because our mix of vehicles is starting to change, our domestic petrol and diesel prices are more or less stable. Even with geopolitical tension, we have not had any meaningful change in input prices for a lot of raw materials that are based on crude as well. So, I do not see this as a huge thing. Of course, if the prices go beyond $100, $120, then we have bigger problems. You Might Also Like: ICRA forecasts small dip in GDP growth at 6.2 per cent in 2025-26
Mint
4 days ago
- Business
- Mint
Algo trading firm AlphaGrep gets Sebi's in-principle nod to launch mutual funds
Mumbai-based AlphaGrep Securities, known for its data-driven approach to trading and investing, has received an in-principle approval from the Securities and Exchange Board of India (Sebi) to set up a mutual fund, said the company in a statement. While not yet the final regulatory clearance, this approval is widely seen as a significant milestone toward launching its asset management business for the broader retail and institutional investor base. The final registration and operational launch are subject to the fulfilment of Sebi's prescribed requirements. The mutual fund operations will be managed under AlphaGrep Investment Management (AGIM), which already oversees more than ₹ 2,000 crore in assets and serves over 500 clients. AGIM currently manages two Sebi-registered Category III AIFs (long-short), a long-only PMS, and an outbound CAT III AIF domiciled at GIFT City. The new mutual fund business will operate under the same quantitative philosophy as AlphaGrep— combining advanced mathematical models, machine learning, and a disciplined approach to portfolio construction. The firm plans to offer a range of quant-driven actively managed products catering to diverse investor needs, including equity and hybrid strategies. 'This development (Sebi's approval) reinforces our long-term vision of offering investors access to differentiated, systematic and quant-driven investment solutions grounded in technology and data science,' said Bhautik Ambani, chief executive officer at AlphaGrep Investment Management. Recently, Jio Financial Services informed the exchanges that Jio BlackRock Investment Advisers has received approval from the stock markets regulator to operate as an investment adviser. Bengaluru-based financial advisory and PMS provider Capitalmind Financial Services, founded by Deepak Shenoy, has also recently received the final approval from capital market regulator Sebi to offer mutual funds to investors.
