Month: July 2021

Paytm

After the Indian government voided the largest denomination currency notes in circulation in 2016 to combat corruption, Paytm rose to the top of the mobile money business in India. As a result of the cash constraint, many people downloaded mobile wallets like Paytm’s.

SoftBank first became aware of India’s leading digital payments firm Paytm in May 2017, when it was given the option to invest $1,400 million. Paytm has proven to be one of SoftBank’s best bets in India. The platform raised $1.5 billion to $2 billion from Softbank Vision Fund in March 2019, boosting the Noida-based company’s worth to $16-18 billion. Paytm has raised a total of $32.4 million in four rounds of investment. Their most recent funding came from an undisclosed round on February 4, 2017.

Paytm and Ant Financial Services raised $1 billion from Vision Fund. The new fund will be used to accelerate the company’s growth into rural India. They want to make online payments more prevalent in rural India.

Unacademy

Unacademy is a learning portal that offers free access to brief lectures in the form of videos on various disciplines as well as content for major competitive examinations. It enables students to better prepare for competitive exams while also encouraging self-learning.

Unacademy started as a YouTube channel in 2010 and was officially launched in 2015. Bangalore, India is the headquarters of the corporation.

In 2020, SoftBank’s Vision Fund awarded Unacademy a $150 million grant. The committed firm’s entire worth will rise to $1.4 billion as a result of this. In terms of the firm, this represents a threefold increase in just six months. The money will be used to launch new goods and expand the company.

Delhivery

Delhivery, India’s largest independent e-commerce logistics startup, has secured $277 million in its final investment round before filing for an initial public offering later this year. Delhivery, a logistics firm, raised $413 million in a fundraising round headed by Softbank Vision Fund in March 2019. Softbank committed $350 million in Delhivery later that month, valuing the company at $1.6 billion.

Delhivery Pvt. Ltd, a logistics business, has joined the coveted unicorn club after securing $413 million in funding (Rs 2,890 crore).

Over the course of 12 rounds of funding, Delhivery has raised a total of $1.3 billion. Their most recent fundraising came from a Corporate Round round on July 15, 2021.

Delhivery is backed by a total of 14 investors. The most recent investors include FedEx and Fidelity.

Delhivery has made a total of five investments. Their most recent investment was in Qikpod, which raised $9 million on November 30, 2015.

On March 3, 2021, Delhivery purchased Primaseller.

Oyo

Oyo is one of Softbank Group Corp.’s biggest businesses, and Masayoshi Son, the investor’s billionaire founder, has financed and nurtured its rapid global expansion. While the company was recently valued at $10 billion, its business has been severely harmed as a result of the rapid spread of the virus in travel, as well as operational blunders that have strained relationships with hoteliers. In August 2015, SoftBank invested $100 million in OYO, an Indian hospitality startup.

Moody’s and Fitch, two of the world’s biggest rating agencies, have publicly assessed OYO as the first Indian startup. On the basis of the company’s excellent business strategy and resilient financial profile with significant potential upside, Fitch and Moody’s rated OYO’s senior secured loan B and B3 (stable outlook), respectively.

Firstcry

It was founded in 2010 with the goal of becoming the world’s largest retailer of child and mother care items. SoftBank Vision Fund purchased a 40% stake in the company for $400 million in 2018, making them the company’s largest investor. It also put a $1.1 billion value on Firstcry at the time.

SoftBank has invested another $150 million in India-based baby supply shop FirstCry, bringing the Japanese conglomerate’s total investment in the company to almost $300 million. According to the tech news website, Softbank will invest an extra $100 million in the startup in January 2021. The company currently has $418 million in the capital.

Ola

Ola Electric Mobility Pvt. Ltd, the electric vehicle subsidiary spun off from ride-hailing startup Ola, announced that it had secured $250 million from SoftBank Group Corp., it became the second-fastest company to become a unicorn. Ola Electric became a unicorn in just two and a half years, referring to companies valued at $1 billion or more. Tiger Global Management and Matrix Partners India, together with SoftBank, are substantial minority investors in Ola’s parent firm, ANI Technologies Pvt. Ltd. The company earlier raised $400 million in March.

SoftBank Vision

SoftBank Vision has also made successful investments in Grofers, Policy Bazaar, Housing, and Inmobi. Softbank has aided a number of businesses in their efforts to enter overseas markets. Oyo, one of its India portfolio firms, has expanded to China, Europe, and the United States. Paytm has expanded into Japan and Canada, while FirstCry, a baby items retailer, has expanded into the United Arab Emirates.

Canara Robeco Equity Hybrid Fund Regular Growth

Canara Robeco Equity Hybrid Fund Direct-Growth is an Aggressive Hybrid mutual fund scheme that was established in January 2013 by the fund house Canara Robeco Mutual Fund. According to Value Research, this is a medium-sized fund in its category with last-year returns of 37.74 percent and average annual returns of 15.61 percent since its debut. The financial, technology, healthcare, automobile, and construction sectors make up the majority of the fund’s equity sector allocation.

Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and GOI are the fund’s top five holdings. The fund charges a 1.95 percent expense ratio, which is more than most other funds in the same category but the returns over three to ten years are higher than the category average. The fund currently has Rs 5,636 crore in assets under management (AUM) and a NAV of Rs 231.04 as of July 23, 2021. If more than 10% of the units are redeemed within a year, the fund imposes a 1% exit load. A minimum monthly contribution of Rs 1000 is set to initiate a SIP in this fund.

Quant Absolute Fund Direct Growth

Quant Absolute Fund Direct-Growth is an Aggressive Hybrid mutual fund scheme launched by the fund house Quant Mutual Fund in January 2013. The fund has a 2.15 percent expense ratio, which is more than most other Aggressive Hybrid funds. The fund now has a 77.90 percent equity allocation and a 2.01 percent debt exposure. Quant Absolute Fund Direct-Growth returns in the previous year were 81.38 percent, according to Value Research, and it has generated 18.37 percent average annual returns since its commencement.

The equity part of the fund invests largely in the FMCG, Financial, Metals, Construction, and Healthcare industries. ITC Ltd., Indiabulls Real Estate Ltd., Godrej Agrovet Ltd., Tata Steel Ltd., and Fortis Healthcare (India) Ltd. are among the top five holdings of the fund. As of July 23, 2021, the fund’s asset under management (AUM) totaled Rs 53 crore, with a net asset value (NAV) of Rs 268.37. The fund has no exit load and requires a minimum monthly contribution of Rs 1000 to start a SIP.

Mirae Asset Hybrid Equity Fund Direct Growth

Mirae Asset Hybrid Equity Fund Direct-Growth is an Aggressive Hybrid mutual fund scheme established by Mirae Asset Mutual Fund in 2015. This fund is a medium-sized Aggressive Hybrid fund with an expense ratio of 0.41 percent, which is lower than the expense ratios charged by most other funds in the same category. The fund now has a 74.70 percent equity allocation and an 18.01 percent debt exposure. According to Value Research, Mirae Asset Hybrid Equity Fund Direct-Growth returns over the previous year have been 38.34 percent, and it has generated 14.81 percent average annual returns since its inception.

The equity component of the fund is primarily invested in the financial, technology, energy, healthcare, and fast-moving consumer goods sectors. GOI, HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., and Axis Bank Ltd. are the fund’s top five holdings. The fund charges an exit load of 1% if units are redeemed within 1 year of investment. The fund’s asset under management (AUM) is Rs 5,345 crore as of July 23, 2021, with a net asset value (NAV) of Rs 22.87. To initiate a SIP, the fund requires a minimum monthly contribution of Rs 1000.

Best Aggressive Hybrid Funds In India 2021

Here are the top-performing aggressive hybrid funds in 2021 based on ratings and past performance.

Should You Invest?

In unfortunate market conditions, investors seeking modest returns may choose to invest in the above-discussed aggressive hybrid funds for at least 3-years for good post-tax returns as these funds have less risk exposure compared to pure equity funds as some part of your money invested are allocated across debt instruments such as sovereign, financial and so on. Hybrid funds use a mix of debt and equity to achieve long-term capital growth and also stable income for your short-term financial goal. Aggressive Funds are suitable for individuals with a moderate risk appetite seeking equity-like returns in the long-term can invest in aggressive hybrid funds for 3 years to 5 years.

However, investors should and should keep in mind before investing that aggressive hybrid funds can be risky as the funds have a blend of small-cap stocks and low-credit quality debt securities in the equity and debt portfolio. Talking about the expected returns, let me make you very clear that returns from aggressive hybrid funds are influenced by a fluctuation in the interest rate of our Indian economy as a result it directly makes an impact on underlying debt instruments of the funds by which you can predict your returns. However, due to their higher equity allocation, these funds may deliver above-average and risk-adjusted returns if opposed to pure debt and equity funds in the long term.

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