Gujarat HC stays Franklin Templeton's e-vote on winding up of six schemes

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THE ECONOMIC TIMES Fri, Jun 05, 2020 | 08:10 AM IST Mutual Funds Newsletter

Gujarat HC stays Franklin Templeton's e-vote on winding up of six schemes The Gujarat High Court on Wednesday stayed Franklin Templeton Mutual Fund's e-vote and unit holders meet for the six wound up schemes. We aim to have a clear, transparent liquidation process: Sanjay Sapre, President, Franklin Templeton India The e-voting to finalise the liquidation process of six wound-up schemes of Franklin Mutual fund will take place in a week. The remote e-voting is scheduled to start on June 9 and it will end on June 11. Did Covid disrupt your ELSS investments this financial year? Here is how to get back on track These steps would help you to avoid running around in the last minute to finalise tax saving investments to save taxes of up to Rs 1.5 lakh at the end of the financial year. Are your arbitrage funds in trouble? In March, Tata Mutual fund and ICICI Prudential Mutual Fund stopped inflows temporarily in their arbitrage funds. Early this week, Kotak Mutual Fund in a note to distributors said that arbitrage spreads have turned negative on the expiry day for the first time in a decade. Have you turned risk-averse lately? Look at mid cap returns before ditching Everyone is risk-averse these days. Even daredevils who have been investing only in mid cap schemes for a very long term are confessing to their advisors that they don't feel comfortable taking risks anymore. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 9.28 -5.01 -10.57 4.67 Invest Now Axis Bluechip Fund-Growth ★★★★★ 7.84 -6.10 -11.09 4.57 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 6.77 -2.78 -7.68 6.71 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 5.51 -4.05 -8.30 6.53 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 3.47 -14.90 -16.96 7.21 Invest Now FeaturedICICI Prudential Large & Mid Cap Fund Direct Plan-Growth ★★★★★ -2.00 -17.14 -16.68 8.73 Invest Now Investors in two Franklin schemes will get some money back in July Two of the six schemes have already repaid their bank borrowings and are cash-positive now. These schemes can start repayments to investors shortly, subject to a successful unitholder vote Do debt funds still have a place in an investor's portfolio? Do not overestimate the safety of debt funds. Just like any market-linked instrument, they carry the risk inherent in the system.

TERM OF THE WEEK Consumer Price Index A comprehensive measure used for estimation of price changes in a basket of goods and serv... read more

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Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit ICICI Pru Multi Asset-D Hybrid: Multi Asset Allocation Open-ended 05 Jun 2020 0.14 BNP Paribas Arbitrage Fund Reg-Adhoc D Hybrid: Arbitrage Open-ended 05 Jun 2020 0.05 BNP Paribas Arbitrage Fund Direct-Adhoc D Hybrid: Arbitrage Open-ended 05 Jun 2020 0.05 BNP Paribas Arbitrage Fund Reg-DM Hybrid: Arbitrage Open-ended 05 Jun 2020 0.05 BNP Paribas Arbitrage Fund Direct-DM Hybrid: Arbitrage Open-ended 05 Jun 2020 0.05 * Funds with daily dividend distribution frequency options are excluded More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 29-05-2020 329.09 187.95 141.14 752.71 934.88 -182.17 28-05-2020 5964.28 5915.36 48.92 9537.89 6202.47 3335.42 27-05-2020 4693.91 2608.24 2085.67 6622.89 6426.18 196.71 26-05-2020 5265.46 3013.33 2252.13 7463.65 6354.23 1109.42 22-05-2020 2797.25 3646.25 -849.00 8857.33 7377.22 1480.11 21-05-2020 2194.96 2580.08 -385.12 9199.44 5653.30 3546.14 20-05-2020 3787.64 1755.46 2032.18 7076.00 5585.82 1490.18 Click here to view all WMF >>

Top Mutual Funds of the week (5-Star Rating) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt SBI Small Cap Fund Direct-Growth 50.7980 7.75 3304.80 - 0.92 SBI Small Cap Fund-Growth 46.7373 7.72 3304.80 - 2.24 Franklin Build India Direct Fund-Growth 34.8823 6.66 1098.42 - 1.32 SBI Focused Equity Fund Direct Plan-Growth 142.5141 6.24 7667.81 - 0.86 SBI Focused Equity Fund-Growth 133.2577 6.21 7667.81 - 1.99 Click here to view all TMFW (5 Star) >>

Top Mutual Funds (All Ratings) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt Sundaram Long Term Tax Advantage Fund Series III Direct - Growth 6.0842 7.98 41.13 - 1.20 Sundaram Long Term Tax Advantage Fund Series III Regular - Growth 5.9622 7.98 41.13 - 1.41 ICICI Prudential Long Term Wealth Enhancement Fund - Growth 8.9100 7.87 41.46 - 1.32 ICICI Prudential Long Term Wealth Enhancement Fund Direct - Growth 9.1000 7.69 41.46 - 0.86 Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct - Growth 5.5895 7.45 36.50 - 1.11 Click here to view all TMF ( All Ratings) >>

QUICK LINKS - MUTUAL FUND STATS 3 Best Funds- Category Wise Top Tax Saving Schemes Schemes with Lowest Expense Ratio Top Performing Schemes Latest Dividends Schemes with Highest Risk Adjusted Returns Top Star Rated Schemes AUM Monitor Category Performance Exchange traded funds

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10 stocks that won Covid war show promise to go the distance

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THE ECONOMIC TIMES Fri, Jun 05, 2020 | 05:30 AM IST ET Investment Opportunities

10 stocks that won Covid war show promise to go the distance Analysts says most of these firms could fare better than peers post Covid-19 crisis. Jim Cramer's 25 lessons to grow money, and not lose it Jim Cramer is to Wall Street what peppy songs are to Bollywood movies. The renowned American television personality and host of the popular show 'Mad Money', who can shoot holes in the most robust corporate balance sheets, recommends defensive play when it comes to stock investing. Here is a list of Cramer's own 25 rules of investing, which he says can help investors avoid big losses and keep their money safe and amass solid wealth. This biscuit maker beat the blues & sailed to a 52-week high The stock currently has 12 'strong buy', 9 'buy', 9 'hold' and 5 'sell' ratings. A play on tourism, this stock has 'buy' ratings in times of Covid Analysts have already cut FY21 EPS estimates for the stock by up to 50 per cent.

Advertorial Vu Televisions continues to serve customers throughout the lockdown - successfully handles over 10000 customer issues Advertorial Web 3.0 and digital advertising in coronavirus world

Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 4.67 -10.57 -5.01 9.28 Axis Bluechip Fund-Growth 4.57 -11.09 -6.10 7.84 Canara Robeco Bluechip Equity Fund Direct-Growth 6.71 -7.68 -2.78 6.77 Canara Robeco Bluechip Equity Fund Regular-Growth 6.53 -8.30 -4.05 5.51 HDFC Index Sensex Fund-Growth 7.21 -16.96 -14.90 3.47

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Telecom, pharma will be new leaders post Covid: Agrawal Pharma stocks are back on the radar after years of underperformance. A Porinju favourite smallcap finds favour with Damani Radhakishan S Damani, picked over 1 per cent stake in this smallcap firm. 10 stocks from 10 sectors tell you where Covid hurt the most Most companies are clueless about how the endemic disrupted their markets and businesses. Damodaran on how valuations have helped him in Covid crisis I do not have much faith in accountancy and I think book value has completely lost its meaning, says Professor, Stern School of Business, NYU.

Advertorial Meet woman bosses who are revolutionising start-up ecosystem Reforming the pet-care industry in India and making citizens' voices heard on laws and regulations, Devanshi Shah and Antaraa Vasudev are revolutionising the start-up ecosystem. Advertorial Tinder lends support to women-led business with free in-app ad inventory: Meet Career Guide and Mech Mocha and the women behind them Meet Surabhi Dewra, revolutionizing how career guidance works in India; and Arpita Kapoor, the woman behind India's first vernacular live social gaming platform.

Which sectors will benefit from global recovery? Gunwani explains 'The emerging market currencies seem to be stabilising' Can gold hit Rs 50,000 mark? Yes, and sooner than you think The prime factor behind the rally in gold has been the strict imposition of lockdown.

Real Estate News

Covid-19 no bar for govt realty stress fund The new set of stuck projects that have been finalised for investment are located in cities and towns such as Bengaluru, Chennai, National Capital Region, Bahadurgarh, Sonipat and Rewari.

Piyush Goyal asks developers to sell properties at reduced rates "If any of you here feels that government will be able to finance in such a way that you can hold longer and wait for the market to improve, market is not improving in a hurry. Things are seriously stressed and your best bet is to sell," Goyal said in a video conference organized by developers' body NAREDCO.

Willing to fund stalled Amrapali Group projects: SBI Cap According to the counsel, the receiver informed the court that UCO Bank is also interested in becoming part of an arrangement proposed by SBI Caps, through a joint funding arrangement.

Amrapali flats: SBI Capital told to give funds The bench said it is the court which has taken on the task to complete the projects, which precludes any chance of misuse of funds. Supreme Court's Amrapali order is expected to bring relief for 46,000 homebuyers.

Average price of 3-BHK in this Mumbai suburb is Rs 62 lakh ET Wealth takes a look at localities that lie beyond Mira Road in Mumbai. These include areas such as Naigaon, Nalasopara, Vasai, and Virar.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Mirae Asset Arbitrage Fund Direct-G Hybrid: Arbitrage Open-ended 03 Jun 2020 12 Jun 2020 5,000 Mirae Asset Arbitrage Fund Direct-D Hybrid: Arbitrage Open-ended 03 Jun 2020 12 Jun 2020 5,000 Mirae Asset Arbitrage Fund Reg-G Hybrid: Arbitrage Open-ended 03 Jun 2020 12 Jun 2020 5,000 Mirae Asset Arbitrage Fund Reg-D Hybrid: Arbitrage Open-ended 03 Jun 2020 12 Jun 2020 5,000 More >>

Views and Recommendations

Buy Motherson Sumi, target price Rs 118: JM Financial 04 June, 2020, 02:38 PM IST The brokerage believes that just like in the 2008 Global Financial Crisis, the recent scrapping of incentives announced by major EU countries could revive demand for cars in the near term and support sales of the company. Buy Stock Ideas: Anand Rathi has a buy call on Granules India, target price Rs 227 04 June, 2020, 02:16 PM IST . The brokerage expects ~25 per cent/~23 per cent revenue/PAT CAGRs over FY20-22. Buy Hold BPCL, target price Rs 361: ICICI Securities 04 June, 2020, 01:59 PM IST ICICI Securities expects BPCL's first quarter of FY21E EPS to be up 122 per cent year on year. Hold Sell Info Edge, target price Rs 2,135: ICICI Securities 04 June, 2020, 01:39 PM IST The brokerage expects overall revenues to decline by 9% in FY21. Sell

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