Latest news with #ICICIPrudential
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
How to invest in June: Equity SIPs, short-term debt, and balanced funds
As the global economy enters a foggy phase of uncertainty, India continues to show resilience. ICICI Prudential's latest Monthly Market Outlook calls for a "middle-of-the-road" investment strategy that balances optimism with caution. While global growth faces risks from rising tariffs, geopolitical instability, and ballooning US debt, India's domestic consumption story remains intact—backed by policy tailwinds, infrastructure momentum, and formalization. Equity: Stay Invested, But Be Selective Indian equity markets have rallied in recent months, with sectors like realty, capital goods, and infrastructure seeing double-digit gains. Real estate, in particular, surged 23% in May, buoyed by robust earnings, RBI rate cuts, and strong demand However, valuations—especially in mid- and small-caps—remain high. ICICI Prudential's Equity Valuation Index places markets in a neutral zone, not cheap enough to go all-in, but not overheated enough to exit. Hence, fresh equity allocations should be done staggered and with a large-cap bias. "We remain constructive on 2-year and lower duration products with expectation of yield curve steepening around these points. We are cautious on 5-year and above duration as we expect a V-shaped recovery in the economy," said the report. Equity Playbook: For long-term growth: Continue SIPs in thematic and business cycle funds Prefer stability? Choose ICICI Prudential Bluechip Fund or Minimum Variance Fund for large-cap exposure. Worried about volatility? Hybrid options like Balanced Advantage Fund or Multi-Asset Fund provide equity upside with safety nets. Debt: Mind the Duration Risk India's economy is rebounding, with GDP growth rebounding to 6.4% and core inflation rising from its bottom, signaling a mid-cycle recovery. However, the bond market still reflects caution due to past liquidity tightening. With RBI now cutting rates and boosting liquidity, short-duration debt products are better placed than longer-duration ones, where yield curves may steepen. " We remain constructive on 2-year and lower duration products with expectation of yield curve steepening around these points. We are cautious on 5-year and above duration as we expect a V- shaped recovery in the economy," said the report. Debt Strategy: For safety and short-term income (3–12 months): Opt for Liquid, Money Market, or Ultra Short-Term Funds. For moderate duration (1–3 years): Look at Short-Term Funds, Corporate Bond Funds, or Banking & PSU Funds. India's long-term story remains structurally intact. But in the short term, investors should resist aggressive calls and instead follow a "B.A.D.C." strategy as recommended in the report: Broad equity exposure through business cycle and thematic funds Asset allocation via hybrid/multi-asset schemes Dynamic/flexible mandate funds for volatile phases Capitalization preference towards large caps for new investments Investor Checklist for June 2025: Continue SIPs in diversified and large-cap equity funds Allocate fresh money through hybrid or asset allocation routes Keep debt exposure short in duration Avoid lump-sum mid/small-cap exposure for now Rebalance your portfolio—especially if equity allocations have swelled Why India Looks Strong: Rising formalization: GST, UPI, e-invoicing are expanding the tax net. Infrastructure boom: National highways, ports, rail capacity all on track for 2–3x expansion by FY2030. Consumption upcycle: Spending shifting toward premium and discretionary goods; income tax relief up to ₹12 lakh is boosting consumption. Healthy household savings: Backed by rising per capita income and stable inflation. What to Watch: Mid-cap & small-cap froth: These segments remain richly valued. Slowing earnings growth: Corporate earnings are softening post-COVID cost advantages. Election-related populism: State elections may prompt welfare splurges, pressuring fiscal prudence.
&w=3840&q=100)
Business Standard
13-06-2025
- Business
- Business Standard
Mutual fund cash exposure declines for the first time in six months
Equity mutual fund (MF) schemes reduced their cash holdings in May for the first time in six months, as geopolitical and trade tensions showed signs of easing. According to a Motilal Oswal Financial Services report, the top 20 fund houses held 6.8 per cent of their portfolios in cash as of May 31, down from a record high of 7.2 per cent in April 2025. Fund managers have been increasing cash levels since December 2024 amid a market correction and rising global uncertainties. May brought relief on multiple fronts. Fears of an India–Pakistan conflict subsided after a ceasefire, while progress on the India–UK trade deal and easing the US–China tensions improved the trade outlook. Additionally, sustained foreign portfolio investor (FPI) inflows buoyed domestic market sentiment. Benchmark indices extended their gains for the third straight month, with the Nifty and Sensex rising 1.9 per cent and 1.8 per cent, respectively. Broader markets outperformed, as the BSE 500 surged 3.5 per cent, marking an improvement in market breadth after months of weakness. However, domestic investor participation remained tepid. Equity MF inflows fell for the fifth consecutive month to ₹19,013 crore — the lowest in 13 months. Despite this, fund managers deployed cash aggressively, purchasing equities worth ₹49,000 crore in May, nearly triple April's buying. Most major fund houses reduced cash levels. SBI MF, the largest, cut its cash holding from 10 per cent to 8.6 per cent, while ICICI Prudential's declined from 8.2 per cent to 6.9 per cent. Cash levels are seen as an indication of the fund manager's view of the market. While MF executives maintain that their mandate is to remain fully invested, they strategically maintain some cash reserves during periods of market uncertainty. However, according to experts, changes in cash levels in equity schemes can also be transitory due to major changes in portfolio or sharp inflow or outflow at the end of the month. The change in value of equity holding due to market movement also impacts the cash holding on a percentage level. SBI MF maintained a 'neutral' stance on equities, citing balanced valuations, it said in a note. 'The sharp drop in 10-year bond yields over the past few months has meant that on our preferred gauge of equity valuations, which looks at equity yields as a relative spread to government bond yields, equity valuations stay near averages even with the uptick in equity markets over the past few weeks,' the report said. 'In addition, equity sentiment as measured by our proprietary framework stays in the neutral zone after the cool off from stretched readings of the past year through the correction,' it said. 'The recent drop in bond yields has kept equity valuations near historical averages, even after the market rally,' it added. The fund house added that its proprietary sentiment indicators remain neutral after cooling off from the previous year's elevated levels. In its latest outlook on the equity market, ICICI Prudential MF said that while the long-term structural story of India remains intact and there are tailwinds for economic growth to pick up, valuations remain an issue. "Recent RBI actions like liquidity injection; key policy rate cuts, high dividends to the government are positive for India's business cycle and in turn may result in India's growth and corporate earnings to pick up. investors with a long-term view can remain invested in equity markets. However, due to high valuations. the fresh investments should be done prudently," it added.
Entrepreneur
13-06-2025
- Business
- Entrepreneur
PhonePe Sells 5% Stake in MapmyIndia for INR 486 Crore
The move triggered an immediate reaction in the markets, with MapmyIndia's stock falling 9.39 per cent to close at INR 1,768.75 on the BSE on Friday You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Digital payments giant PhonePe has sold a 5 per cent stake in geospatial technology company MapmyIndia, netting INR 486.03 crore through an open market transaction. The sale, as per BSE data, saw PhonePe offload 27.21 lakh shares of CE Info Systems, MapmyIndia's parent, at INR 1,786.22 per share, reducing its total stake from 18.74 per cent to 13.74 per cent. The move triggered an immediate reaction in the markets, with MapmyIndia's stock falling 9.39 per cent to close at INR 1,768.75 on BSE on Friday, as reported by Inc42. Despite the dip, the stake was quickly picked up, with more than 12.88 lakh shares acquired by three major mutual funds—Motilal Oswal, ICICI Prudential, and Tata Mutual Fund—at INR 1,785 per share. Motilal Oswal and ICICI Prudential each picked up 4.2 lakh shares, investing a total of INR 150 crore, while Tata Mutual Fund bought 4.48 lakh shares for nearly INR 80 crore. The company works closely with government agencies and private enterprises to deliver location intelligence solutions, including digital twin technology—virtual replicas of real-world environments used for planning and crisis response. The divestment comes during a period of internal transition at MapmyIndia. On April 1, Rohan Verma stepped down as CEO to lead the company's subsidiaries Mappls DT (formerly Vidteq) and Gtropy, both focused on emerging areas like digital twins, defence technology, and GPS-based fleet analytics. These units are expected to play a central role in the company's next phase of growth. Despite recent shifts in leadership and ownership, the company's financial performance has remained strong. For Q4 of FY25, MapmyIndia reported a 28 per cent year-on-year increase in net profit to INR 49 crore and a 34 per cent rise in operating revenue to INR 143.6 crore. Full-year results showed a 10 per cent jump in net profit to INR 147.6 crore and a 22 per cent growth in operating revenue, reaching INR 463.3 crore.
Bloomberg
13-06-2025
- Business
- Bloomberg
A $115 Billion Fund Manager Bets on Shortest Maturity India Debt
India's economic growth is set to accelerate sharply, making the ultra short-end of the debt market the most attractive segment, according to one of the country's top money managers. The recent slowdown was a 'mid-cycle correction', and the central bank's policy support has laid the groundwork for growth to return to its long-term trend, Manish Banthia, chief investment officer of fixed-income at ICICI Prudential Asset Management Co., said in an interview.
Mint
12-06-2025
- Business
- Mint
ICICI Prudential, Trent to Tata Chemicals: 5 stocks to trade Ex-Dividend Today
Dividend Stocks: ICICI Prudential, Tata Chemicals, Trent Limited, Avantel Ltd and JK Lakshmi Cement Ltd are the 5 stocks that will trade Ex-Dividend Today The record date for determining the list of eligible shareholders to receive the dividend was set as Thursday June 12, 2025, by ICICI Prudential , Tata Chemicals, Trent Limited and JK Lakshmi Cement Limited. The June 12 record date suggests that in order for their names to be listed among the eligible shareholders to receive the dividend payout, investors who want to take advantage of the company's dividend payout should have purchased shares of these companies at least one day prior to the record date, in accordance with the T+1 settlement procedure. ICICI Prudential Life Insurance - Company Limited - A final dividend of ₹ 0.85 per equity share of face value of ₹ 10 each had been declared by ICICI Prudential for the financial year ended March 31, 2025. The approval of the dividend will be sought from shareholders at the 25th Annual General Meeting ('AGM') of the Members of the Company to be held on Friday, June 27, 2025. . Trent Ltd- Subject to shareholder approval, the Trent Ltd's board of directors has proposed a 500% dividend, or Rs. 5/-per equity share of Re. 1/-each. If authorized, the dividend will be paid on or after the fourth day following the end of the 73rd Annual General Meeting. Tata Chemicals: In its meeting on Wednesday, May 7, 2025, the Board of Directors of Trent had proposed a dividend of ₹ 11 per common share of ₹ 10, which would need to be approved by the company's members at the 86th AGM. The Annual General Meeting or AGM is to be held on 30 June 2025. The dividend if approved at the AGM will be paid on or after Monday, July 7, 2025, subject to any required tax deduction at the source. JK Lakshmi Cement Limited- JK Lakshmi had recommended dividend of ₹ 6.50/-per equity share of ₹ 5 (130%) for the fiscal year that ended on March 31, 2025. Thursday, June 12, 2025, has been set by the company as the Record Date for determining members' entitlements to dividend payments of ₹ 6.50/-per equity share of ₹ 5 (130%) for the fiscal year that concluded on March 31, 2025. Avantel Ltd - A final dividend of Re.0.20/- per equity share (i.e., 10% of the face value) of nominal value of Rs.2/- each for the financial year 2024-25, was recommended by Avantel Ltd Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
