Quant Mutual Fund had investments in the Adani Group stocks as it follows a quant based investment strategy. Quant Mutual Fund follows the VLRT framework.

While the fund’s longer term track record in the hands of its long serving fund manager is healthy, its performance has dipped since 2020, when value style gained favour over growth.

Newest offering boasts sovereign credit profile and low expense ratio.

The investment objective of the scheme is to generate returns that correspond to the total returns of the securities as represented by the CRISIL IBX Gilt Index - April 2028 (before fees and expenses), subject to tracking errors.

The flexi cap fund will invest across market capitalisation—large cap, mid cap and small cap, thus offering a large investment horizon to help investors capture the growth curves across sectors.

Restrictive Rates or Rate Cuts, what will happen in 2023? Investors, analysts, and money managers seem to be divided over whether monetary conditions in the world’s largest economy would stay tight in 2023 till inflation comes down or loosen up to support slowing growth.

"There is a little bit of disconnect between the market and the Fed because the market is watching the inflation numbers coming down and the market is also factoring in the fact that the factors which were contributing to inflation have also begun to ease. For example, the natural gas prices which have gone to a high of $9 plus are now at about $2.5."

“Internationally, there is going to be a slowdown but India is going to be a growth economy. And from that point of view, I do not think that growth not getting respect right now in today's market is going to be a very long lasting phenomenon. There is a temporary reallocation into safety.”

​Mutual fund managers believe that the high net worth individuals can use debt mutual funds instead of these insurance products.

Most equity mutual fund categories lost 0.01-2.68% on the budget day. Only the technology fund category gained 0.67%.

The scheme will have two Plans: Regular and Direct. Each Plan offers growth option and income distribution cum capital withdrawal (IDCW) option. Index shall mature on June 29, 2029 and hence has a defined maturity date.

Financial advisors say most new taxpayers are likely to opt for the new regime as it allows them to pay taxes easily, without elaborate tax planning. The old regime calls for meticulous planning through the year if one wants to avoid the last minute rush.

“FII exodus has come out of the relative valuation of India versus the world and this Budget was not something that could have completely changed sentiment because the government has to do fiscal consolidation. They have to stimulate growth and they have done both. This is the reason why the immediate reaction has been positive but the Budget cannot change market valuations.”

Adani Enterprises and Adani Port are constituents of the Nifty 50, so they are automatically in portfolios of some exchange-traded funds (ETFs) and index funds. But active funds have very little exposure to Adani stocks and are largely unscathed by their fall.

"The Union Budget has a dual focus on growth and fiscal consolidation. The fiscal calculation is based on a nominal GDP growth projection of 10.5% which is credible. At the same time, the fiscal deficit target at 5.9% is largely in line with our estimates while the borrowing amount is slightly below our expectations."

To finance the fiscal deficit in 2023-24, the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore.

Globally, Sebi-run NISM is one of the largest financial market certifying institutions, issuing over 20 programme certificates covering various critical market functions such as sales, advice, operations and compliance across financial market products such as equities, derivatives of equity, currency, interest rates and commodities, mutual funds and pensions.

Currently, there are 17 mutual fund schemes that invest in the infrastructure sector. Toppers in this category have offered 13-19% returns in one year.

The finance minister did not grant anything from the long wishlist in the budget. Sure, all the spending on infrastructure and sops to MSME would help economic growth and boost the sentiment in the stock market.

Earlier when you placed a redemption request before the cut-off time on Monday, you would get money on Thursday in your bank account. With the new system, you will get the money a day earlier — on Wednesday.

As per AMFI data, growth/equity-oriented schemes and solution-oriented schemes witnessed inflows of Rs 1.53 lakh crore and Rs 1,554 crore respectively.

The open-ended equity scheme will follow business cycle-based investing theme, the fund house said on Tuesday.

According to the fund house, the domestic economy is in an interesting phase right now. The onset of the Covid 19 pandemic made matters more challenging amid the NBFC crisis pre-pandemic.

ETMutualFunds looked at data and found out that several mutual funds had investments in the Adani Group companies like Adani Enterprise, Adani Green Energy, Adani Ports & Special Economic Zone (SEZ), Adani Power Ltd., Adani Total Gas., Adani Transmission, Adani Wilmar, Ambuja Cement, and ACC Ltd.

Inflation in India went up in sync with the rest of the world and in a bid to tame inflation, the Reserve Bank of India (RBI) has raised the policy repo rate by 225 bps from 4% since May 2022 to 6.25% to 6.25% as of December 2022.

“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.”

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To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG on Gold ETFs and Gold Fund of Funds should be brought down in the Union Budget 2023.

While the fund made a strong comeback in 2021, it slipped again in 2022, lagging the index sharply. This leaves its long term return profile weak, needing a lot of catch-up with index and peers.

Funds with diluted value bias have failed to make most of the current uptick.

From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.

Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund will replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund will invest predominantly in equity and equity related instruments across market capitalisation- large cap, mid cap and small cap companies.

This belief has translated to flexicap category being the largest equity investment category in the given scheme classification of mutual funds. The category has garnered approximately Rs 2.49 lakh crores of AUM which is in 1.25 crore folios.

Several fund managers believe that time is right for the government to introduce a debt mutual fund option under Section 80C. AMFI says it will also help to channelise household savings into the bond market and deepen the bond market.

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The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.

Returns from equity mutual funds are taxed depending on the period of holding the investment. ULIPs are not taxed as they are considered insurance products.

Conservative investors who are moving from deposits to mutual funds or those worried about a full-equity portfolio’s volatility and wanting a small allocation to stocks can consider equity savings funds.

As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.

Gunwani also served as the Deputy CIO (Equities) at ICICI Prudential AMC. Gunwani graduated from IIT Madras and has a postgraduate diploma in management from IIM Bangalore.

Investors must focus on the processes and controlling the controllable and not worry too much about other things, for e.g., macroeconomic factors like interest rates, inflation and crude oil prices which are beyond one’s control.

According to fund managers, the government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP.

Most of the schemes in the category had high exposure in private banks. Among PSU banks, the best performing schemes had investments in Bank of Baroda, State Bank of India, and Punjab National Bank.

To help mutual funds penetrate further into smaller towns and cater to investors long term goal like retirement, here are a few recommendations made by Association of Mutual Funds in India (AMFI) for the Budget 2023.

The fund house managed Rs 79,000 crore in fixed income and Rs 28,360 crore in equity as on December 31, 2022.

"A rising price (of gold) puts some pressure on investors, with people holding back investments."

There are a total 24 schemes investing in gold at the moment. Silver funds are a new entrant to the mutual fund market. There are 12 schemes in the category, including ETFs and FOFs.

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.