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Time of India
09-06-2025
- Business
- Time of India
India's 5-15 year bond yields attractive once selloff settles, Invesco MF's executive says
Five- to 15-year Indian government bonds will look attractive once the current selloff eases, as a steepening yield curve follows a central bank policy move that disappointed investors, an Invesco Mutual Fund executive said. Indian bond yields continued to rise on Monday, led by longer maturities, after the Reserve Bank of India shifted to a neutral stance and delivered an outsized 50-basis-point rate cut last week. The five-year yield stood at 5.84%, while the 10-year benchmark hit a three-week high at 6.28%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 90s Icon: A Look at Her Today I Am Famous Undo "Five-15 year bonds look attractive which has steepened post policy. In the absence of any further rate cuts, we would expect the 5-year bond yield to head towards 5.65%-5.70% levels and 10-year bond yield around 6.15%," Vikas Garg, head of fixed income at Invesco Mutual Fund told Reuters' Trading India forum. Bonds Corner Powered By India's 5-15 year bond yields attractive once selloff settles, Invesco MF's executive says Five- to 15-year Indian government bonds will look attractive once the current selloff eases, as a steepening yield curve follows a central bank policy move that disappointed investors, an Invesco Mutual Fund executive said. India bond yields extend rise as market digests RBI stance shift Bond yields up despite higher rate cut RBI's 50 bps rate cut sparks short-term bond rally, long-term yields stay subdued. What's ahead? RBI accepts 95% of bond buyback ahead of monetary policy review Browse all Bonds News with The fund house manages assets worth 1.26 trillion rupees ($14.73 billion), as on March end. "Fundamentally, demand-supply dynamics for government securities looks very favorable," he said adding sees some rally in bond prices over the next few months. Live Events Garg sees the policy as dovish, but said "the spanner" came with the change in stance. With a shift to neutral stance, he expects a prolonged pause on rates. "Towards the year-end, there may be a window to administer one more rate cut if we get negatively surprised on growth front, led by the global growth disruption." The RBI also announced it will cut banks' cash reserve ratio by 100 bps in tranches from September to November, which will infuse around 2.50 trillion rupees. Garg said the move was a pre-emptive measure as RBI's forward dollar book is likely to get unwound over next few months which otherwise would have sucked out liquidity from the system. As a base case, Garg does not expect more open market bond purchases and expects liquidity to remain in the range of 1%-1.5% of deposits. ($1 = 85.5380 Indian rupees)
Economic Times
09-06-2025
- Business
- Economic Times
India's 5-15 year bond yields attractive once selloff settles, Invesco MF's executive says
Five- to 15-year Indian government bonds will look attractive once the current selloff eases, as a steepening yield curve follows a central bank policy move that disappointed investors, an Invesco Mutual Fund executive said. ADVERTISEMENT Indian bond yields continued to rise on Monday, led by longer maturities, after the Reserve Bank of India shifted to a neutral stance and delivered an outsized 50-basis-point rate cut last week. The five-year yield stood at 5.84%, while the 10-year benchmark hit a three-week high at 6.28%. "Five-15 year bonds look attractive which has steepened post policy. In the absence of any further rate cuts, we would expect the 5-year bond yield to head towards 5.65%-5.70% levels and 10-year bond yield around 6.15%," Vikas Garg, head of fixed income at Invesco Mutual Fund told Reuters' Trading India forum. The fund house manages assets worth 1.26 trillion rupees ($14.73 billion), as on March end. "Fundamentally, demand-supply dynamics for government securities looks very favorable," he said adding sees some rally in bond prices over the next few months. Garg sees the policy as dovish, but said "the spanner" came with the change in stance. With a shift to neutral stance, he expects a prolonged pause on rates. ADVERTISEMENT "Towards the year-end, there may be a window to administer one more rate cut if we get negatively surprised on growth front, led by the global growth disruption." The RBI also announced it will cut banks' cash reserve ratio by 100 bps in tranches from September to November, which will infuse around 2.50 trillion rupees. ADVERTISEMENT Garg said the move was a pre-emptive measure as RBI's forward dollar book is likely to get unwound over next few months which otherwise would have sucked out liquidity from the system. As a base case, Garg does not expect more open market bond purchases and expects liquidity to remain in the range of 1%-1.5% of deposits. ADVERTISEMENT ($1 = 85.5380 Indian rupees) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
21-05-2025
- Business
- Time of India
27 equity mutual funds offer over 25% CAGR in both 3 and 5 years. Have you added any to your portfolio?
Live Events Around 27 equity mutual funds have offered over 25% CAGR in both the last three and five years. There were around 199 equity mutual funds that completed five years of existence in the these 27 schemes, the maximum schemes were from HDFC Mutual Fund. There were around five schemes from the fund house, followed by three each from Invesco Mutual Fund, Motilal Oswal Mutual Fund, and Nippon India Mutual Fund. Two schemes each from Bandhan Mutual Fund, Franklin Templeton Mutual Fund, and JM Mutual Fund. Seven other fund houses had one scheme Read | Over 260 debt mutual funds beat fixed deposits rate in 2 years. Should you switch? Bandhan Core Equity Fund and Bandhan Small Cap Fund offered over 25% CAGR in both the last three and five years. Edelweiss Mid Cap Fund offered 27.45% and 34.46% CAGR in the last three and five years, and small cap funds from Franklin Templeton Mutual Fund - Franklin India Prima Fund and Franklin India Smaller Cos Fund - offered over 25% CAGR in the said schemes from HDFC Mutual Fund - HDFC ELSS Tax saver , HDFC Flexi Cap Fund, HDFC Focused 30 Fund, HDFC Mid-Cap Opportunities Fund, and HDFC Small Cap Fund - featured in the list of equity schemes that have offered over 25% CAGR in the said Value Fund gave 25.59% and 31.32% CAGR in the last three and five years respectively. Three funds from Invesco Mutual Fund - Invesco India Large & Mid Cap Fund, Invesco India Midcap Fund, and Invesco India Smallcap Fund gained over 25% in the mentioned time Flexicap Fund and JM Value Fund delivered over 25% CAGR in the same time periods. Mahindra Manulife Mid Cap Fund, the only scheme from Mahindra Manulife Mutual Fund, featured in the schemes - Motilal Oswal ELSS Tax Saver Fund, Motilal Oswal Large & Midcap Fund, and Motilal Oswal Midcap Fund - offered CAGR over 25% in the said time periods. Three schemes from Nippon India Mutual Fund were there in the list of schemes that gave over 25% CAGR in both the horizons. Quant Small Cap Fund offered 26.33% and 49.62% CAGR in the last three and five years, respectively. SBI Long Term Equity Fund, the oldest ELSS fund, offered 27.72% and 30.30% CAGR in the last three and five years, Read | HDFC Bank, Eternal among stocks bought and sold by SBI Mutual Fund in April Sundaram Mid Cap Fund offered 26.92% and 31.28% CAGR in the last three and five years, these 27 funds, Motilal Oswal Midcap Fund has offered the highest CAGR of around 31.93% in the last three years, whereas within the same universe, Quant Small Cap Fund has offered the highest CAGR of 49.62% in the last five considered all equity mutual fund categories. We considered regular and growth options. We calculated the CAGR over the last three and five the above exercise is not a recommendation. The exercise was done to find which equity schemes have offered over 25% CAGR in the last three and five years both. One should not make investment or redemption decisions based on the above should always invest based on their risk appetite, investment horizon, and goals.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
13-05-2025
- Business
- Time of India
And When the Bullets Stopped, Bulls Ran Free
India's equity benchmarks jumped nearly 4% on Monday, posting their biggest single-day gain in four years, buoyed by stoppage of hostilities with Pakistan and a truce in the US-China tariff war. The thaw in frosty relations between the world's largest economies revived risk-on sentiment, sending safe-haven assets such as gold tumbling. #Operation Sindoor The damage done at Pak bases as India strikes to avenge Pahalgam Why Pakistan pleaded to end hostilities Kashmir's Pahalgam sparks Karachi's nightmare The BSE Sensex jumped 2,975 points, or 3.7%, to close at 82,429.9. The NSE Nifty surged 916.7 points, or 3.8%, ending over 24,924. Both indices closed at their highest levels for the year, aided by the sharpest run-up in a day since February 2021. The rally boosted the market capitalisation of BSE-listed companies by ₹16.9 lakh crore. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like AI guru Andrew Ng recommends: Read These 5 Books And Turn Your Life Around in 2025 Blinkist: Andrew Ng's Reading List Undo Easing of hostilities on both fronts came as a significant reprieve for investors who have been on edge due to uncertainties over the outcome of geopolitical and economic conflicts in the past few weeks. While all Asian markets rallied after the US and China agreed to a 90-day pause on tariffs and slashed levies, Indian bourses got an extra fillip from the halt in fighting with Pakistan, forcing traders to liquidate bearish bets made late last week amid heightened tensions between the neighbours. Pakistan's main share index soared 9% on Monday. 'Today's (Monday's) market rally is a confluence of positive global and domestic developments — from easing geopolitical tensions between India and Pakistan, to progress on US-China trade talks,' said Taher Badshah, chief investment officer at Invesco Mutual Fund. Live Events The Volatility Index (VIX), the market's fear measure, plunged 15% to 18.4, in line with the equities rebound, indicating options traders see lower risks in the near term. Last week, this index had surged over 16% as the Sensex and Nifty declined 1.3% on fears of a full-blown conflict with the neighbouring nation. The broader market also ended strong, with the Nifty Midcap 150 jumping 3.75% and the Nifty Small-Cap 250 gaining 4%. Of the 4,254 stocks traded on the BSE, 3,545 advanced, while 576 declined. The bullish momentum may push the markets higher in the days ahead, but fund managers do not rule out intermittent sell-offs. 'The market could see small doses of correction over the next few days after this massive rally,' said Badshah. 'But what has changed now is that it's now more of a buy-on-dips market, rather than a sell-on-rise market.' The Sensex and Nifty are up nearly 13% since April 7, when the recent rebound started after Trump halted tariffs on imports from most countries, barring China, for 90 days. Gold, one of the best performers in recent times because of its safe-haven status, slumped nearly 3% on Monday in response to the pause in the US-China tariff conflict. 'For investors, our view is that a clear framework of disciplined asset allocation matters more than reacting to noise,' said Neelesh Surana, chief investment officer at Mirae Asset Investment Managers. All sectoral indices in India ended in the green, with metals, realty, power, IT, and energy stocks leading the charge, rising between 4% and 6%. Foreign portfolio investors (FPIs) remained net buyers, purchasing shares worth Rs 1,246.5 crore on Monday. Domestic institutional investors (DIIs) also contributed to the rally, investing Rs 1,448.4 crore during the day.
Time of India
13-05-2025
- Business
- Time of India
Indian market soars nearly 4% as geopolitical tensions ease
Mumbai: India's equity benchmarks jumped nearly 4% on Monday, posting their biggest single-day gain in four years, buoyed by stoppage of hostilities with Pakistan and a truce in the US-China tariff war. The thaw in frosty relations between the world's largest economies revived risk-on sentiment, sending safe-haven assets such as gold tumbling. The BSE Sensex jumped 2,975 points, or 3.7%, to close at 82,429.9. The NSE Nifty surged 916.7 points, or 3.8%, ending over 24,924. Both indices closed at their highest levels for the year, aided by the sharpest run-up in a day since February 2021. 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 The rally boosted the market capitalisation of BSE-listed companies by ₹16.9 lakh crore. Easing of hostilities on both fronts came as a significant reprieve for investors who have been on edge due to uncertainties over the outcome of geopolitical and economic conflicts in the past few weeks. While all Asian markets rallied after the US and China agreed to a 90-day pause on tariffs and slashed levies, Indian bourses got an extra fillip from the halt in fighting with Pakistan, forcing traders to liquidate bearish bets made late last week amid heightened tensions between the neighbours. Agencies VIX Drops 15% Live Events Pakistan's main share index soared 9% on Monday. "Today's (Monday's) market rally is a confluence of positive global and domestic developments - from easing geopolitical tensions between India and Pakistan, to progress on US-China trade talks," said Taher Badshah, chief investment officer at Invesco Mutual Fund. The Volatility Index (VIX), the market's fear measure, plunged 15% to 18.4, in line with the equities rebound, indicating options traders see lower risks in the near term. Last week, this index had surged over 16% as the Sensex and Nifty declined 1.3% on fears of a full-blown conflict with the neighbouring nation. The broader market also ended strong, with the Nifty Midcap 150 jumping 3.75% and the Nifty Small-Cap 250 gaining 4%. Of the 4,254 stocks traded on the BSE, 3,545 advanced, while 576 declined. The bullish momentum may push the markets higher in the days ahead, but fund managers do not rule out intermittent sell-offs. "The market could see small doses of correction over the next few days after this massive rally," said Badshah. "But what has changed now is that it's now more of a buy-on-dips market, rather than a sell-on-rise market." The Sensex and Nifty are up nearly 13% since April 7, when the recent rebound started after Trump halted tariffs on imports from most countries, barring China, for 90 days. Gold, one of the best performers in recent times because of its safe-haven status, slumped nearly 3% on Monday in response to the pause in the US-China tariff conflict. "For investors, our view is that a clear framework of disciplined asset allocation matters more than reacting to noise," said Neelesh Surana, chief investment officer at Mirae Asset Investment Managers. All sectoral indices in India ended in the green, with metals, realty, power, IT, and energy stocks leading the charge, rising between 4% and 6%. Foreign portfolio investors (FPIs) remained net buyers, purchasing shares worth Rs 1,246.5 crore on Monday. Domestic institutional investors (DIIs) also contributed to the rally, investing Rs 1,448.4 crore during the day.
