Category: Personal Finance

PGIM India Flexi Cap Fund Direct Growth

This fund has been in existence for the last 6 years, as it was launched by the fund house PGIM India Mutual Fund in February 2015. PGIM India Flexi Cap Fund Direct-Growth gains over the past year were 71.43 percent and it has generated an average yearly return of 16.74 percent since its inception, according to Value Research. The financial, technology, healthcare, chemicals, and construction sectors account for the majority of the fund’s holdings. Infosys Ltd., ICICI Bank Ltd., Tata Consultancy Services Ltd., State Bank of India, and Axis Bank Ltd. are among the top five holdings of the fund.

One of the key benefits of the fund is it has a low expense ratio of 0.30% which is lower than other funds in the same category. The fund has Rs 1,371 Crore in assets under management (AUM) and a current NAV of Rs 26.88 as of July 22, 2021. A minimum monthly contribution of Rs 1000 is required to start a SIP in this fund, and the fund imposes an exit fee of 0.5 percent if units exceeding 10% are redeemed within 90 days of the investment.

Parag Parikh Flexi Cap Fund Direct Growth

PPFAS Mutual Fund’s Parag Parikh Flexi Cap Fund Direct-Growth is a multi-cap mutual fund scheme that has been around for eight years, having been established in May of 2013. The 1-year returns of Parag Parikh Flexi Cap Fund Direct-Growth are 58.89 percent. According to Value Research, it has provided an average yearly return of 21.14 percent since its inception. The fund has its equity sector allocation across technology, financial, services, automobile, and fast-moving consumer goods sectors.

Alphabet Inc Class A, Bajaj Holdings & Investment Ltd., ITC Ltd., Microsoft Corporation (US), and Facebook Co. are the fund’s top five holdings. The fund has a 0.89 percent expense ratio, which is comparable to other funds in the same category. As of July 22, 2021, the fund has Rs 11,360 crore in assets under management (AUM) and a current NAV of Rs 47.78. To commence a SIP in this fund, a minimum monthly contribution of Rs 1000 is required. If redeemed within 365 days, the fund imposes a 2% exit load; if redeemed after 365 days but on or before 730 days, the fund levies a 1% exit load.

UTI Flexi Cap Fund Direct Growth

UTI Flexi Cap Fund Direct-Growth is a multi-cap mutual fund strategy introduced by UTI Mutual Fund in January 2013. According to Value Research, UTI Flexi Cap Fund Direct-Growth returns for the previous year were 64.93 percent, and from its inception, it has generated an average yearly return of 17.23 percent. The Financial, Healthcare, Technology, Services, and Chemicals sectors account for the bulk of the fund’s holdings. HDFC Bank Ltd., Bajaj Finance Ltd., Larsen & Toubro Infotech Ltd., Housing Development Finance Corpn. Ltd., and Kotak Mahindra Bank Ltd. are the fund’s top five holdings.

The fund’s expense ratio is 1.2 percent, which is much higher than that of other funds in the same category. The fund has Rs 19,579 crore in assets under management (AUM) and a current NAV of Rs 246.99 as of July 22, 2021. A minimum monthly investment of Rs 500 is required to start a SIP in this fund. If more than 10% of the fund’s investments are redeemed within one year, the fund levies a 1% exit load.

Canara Robeco Flexi Cap Fund Direct Growth

Canara Robeco Flexi Cap Fund Direct-Growth is a multi cap mutual fund scheme launched by the fund house Canara Robeco Mutual Fund. This fund has been around for eight years, having started in January of 2013. According to Value Research, Canara Robeco Flexi Cap Fund Direct-Growth returns for the previous year were 50.85%, and it has generated 15.48 percent average annual returns since inception. The fund has its equity sector allocation across the Financial, Technology, Automobile, Energy, Healthcare sectors. Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Tata Consultancy Services Ltd., and Reliance Industries Ltd. are the fund’s top five holdings as of now.

The major reason you should choose this fund is that it has a low expense ratio of 0.6 percent, which is lower than most other funds in the same category. As of July 22, 2021, the fund has Rs 4,813 crore in assets under management (AUM) and a current NAV of Rs 220.65. The fund charges an exit load of 1% if units are redeemed within 1 year of investment. One can start SIP in this fund with a minimum amount of Rs 1000.

Top Performing Flexi Cap Mutual Funds In 2021

Based on the historical returns and ratings given by the two leading agencies i.e. Value Research and Morningstar, here are the best flexi cap mutual funds to start SIP in 2021.

Should You Invest?

We at Goodreturns always suggest our readers to invest in mutual funds only through SIP mode to maximize returns. By keeping this factor in mind we would like to make you clear that, across the last 3 to 5 years Flexi Cap mutual funds have really performed well. According to Value Research, flexi cap mutual funds have provided average SIP returns of 25.71 percent over the previous three years and 16.85 percent over the last five years. If we look at the previous 1-year returns of flexi cap funds, we can see that they have the potential to outperform the top-performing large-cap funds in the long run.

Having any of the above-discussed flexi cap funds in your portfolio can proactively adjust to a blend of market conditions, as it is well known for excelling over market movements. In comparison to a mid-cap or small-cap fund, putting money in a flexi cap fund is less volatile. Considering the current market scenario, Flexi Cap fund is an attractive bet to invest in through SIP if you have a financial goal of 5 years or more.

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advise to buy or sell stocks, gold, currency or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in

Advantages of Investing in MNC stocks

MNCs are companies in which the foreign company owns more than 50% of the stock and has management control. MNC stocks are noted for their positive image, solid parentage, technological expertise, and asset-light business practices. These companies are often well-capitalized, have low debt exposures, and provide reasonable dividends. MNCs are present in major areas of the Indian economy and have contributed significantly to its development by bringing in cutting-edge technology. MNCs are renowned for paying substantial dividends to their shareholders, and when the government removed the controversial DDT tax in Budget 2020, MNCs were the biggest beneficiaries.

MNC stocks are typically chosen for the assurance they provide investors about their long-term viability, as investors have more faith in their management than they do in domestic companies.

10 Popular Foreign MNC Stocks Listed In India

Nestle India

Nestle India is a major player in the Indian fast-moving consumer goods (FMCG) industry, having strong market positions in most of its product categories. Nestlé India Limited is a wholly-owned subsidiary of the Swiss multinational Nestlé. Gurgaon, Haryana, is the company’s headquarters. Food, beverages, chocolate, and confectioneries are among the company’s offerings.

The company reported gross sales of Rs. 137528.4 crores and a total income of Rs. 135007.8 crores in the most recent quarter. For the past three years, the company has shown a good profit growth of 19.34 percent. Over the last three years, the company has maintained a respectable ROE of 73.82 percent.

Over the last three years, the company has maintained a good ROCE of 105.83 percent and has drastically reduced its debt by 18.30 crores.

EPS: 223.95

PE: 80.94

Book Value Per Share: 209.44

P/B: 86.55

Face Value: 10

Hindustan Unilever

HUL is one of India’s largest FMCG companies. Five of its brands have annual turnovers of more than Rs.2,000 crores each, while seven have annual turnovers of more than Rs.1,000 crores apiece. With over 40 brands across 12 different categories, there’s something for everyone. Over a three-year period, the stock returned 47.05 percent, while the Nifty FMCG provided investors a 23.73 percent return. In the last five years, the company has maintained effective average operating margins of 20.30 percent. The company is trading at a high PE of 69.71.

The company has a high EV/EBITDA ratio of 47.95. The company has good cash flow management; CFO/PAT stands at 1.08.

EPS: 34.03

PE: 69.27

Book Value Per Share: 202.99

P/B: 11.62

Face Value: 1

Astrazeneca Pharma India

The company Astrazeneca Pharma India Ltd was founded in 1979 and is based in Bengaluru, Karnataka. It encompasses the company’s manufacturing, sales, and marketing activities in India. It is a subsidiary of AstraZeneca Plc in the United Kingdom. Only 3.91 percent of trading sessions in the last 16 years had intraday gains of more than 5%. For the past three years, the company has shown a good profit growth of 53.28 percent.

Over the last three years, the company has maintained a respectable ROE of 21.56 percent. Compared to the Nifty Midcap 100, which returned 50.8 percent over three years, tock returned 145.41 percent.

Over the last three years, the company has maintained a respectable ROCE of 30.79 percent.

EPS: 37.32

TTM PE: 93.75

Book Value Per Share: 182.47

P/B: 19.18

Face Value: 2

Honeywell Automation India

Honeywell Automation was established in the Indian city of Pune. It is a subsidiary of Honeywell Inc., a firm based in the United States. It offers comprehensive automation and control systems both in India and abroad.

Only 3.07 percent of trading sessions in the last 16 years had intraday gains of more than 5%. Over a three-year period, the stock returned 122.96 percent, compared to 33.74 percent for the S&P BSE Capital Goods index.

For the past three years, the company has showed a good profit growth of 42.61 percent and the company has maintained a respectable ROE of 22.37 percent.

Over the last three years, the company has maintained a respectable ROCE of 33.53 percent. For the past three years, the company has had a dismal revenue growth rate of 10.93 percent.

EPS: 520.32

TTM PE: 81.85

Book Value Per Share: 2,916.77

P/B: 14.61

Face Value: 10

Bata India Limited

Bata India has been in business for over 85 years and has a pan-India presence. The company offers a large retail and distribution network and has a diverse product line. For the past three years, the company has showed a good profit growth of 27.23 percent. Only 3.15 percent of trading sessions in the last 16 years had intraday gains of more than 5%. Stock returned 84.52 percent over three years, compared to 50.8 percent for the Nifty Midcap 100. As of March 2021, the company had a strong liquidity cushion of Rs. 1,097 crore in cash and liquid investments.

EPS: -6.95

PE —

Book Value Per Share: 136.79

P/B: 11.72

Face Value: 5

Bosch

Bosch is a significant technology and service provider in India, specializing in Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Furthermore, Bosch maintains the largest development facility for end-to-end engineering and technology solutions outside of Germany in India. Only 1.41 percent of trading sessions in the last 16 years had intraday gains of more than 5%. With an interest coverage ratio of 90.39, the company is in good shape.

The company’s Cash Conversion Cycle is 26.04 days, which is quite efficient.

The company’s promoters own 70.54 percent of the corporation.

EPS: 163.42

PE: 92.13

Book Value Per Share: 3,327.14

P/B: 4.53

Face Value: 10

Colgate-Palmolive

The Colgate-Palmolive Company is a multinational consumer goods company located on Park Avenue in New York City’s Midtown. It is a manufacturer, distributor, and provider of household, health care, personal care, and veterinary products. In the fiscal year ended March 31, 2021, the company had a ROE of 88.8%, exceeding its five-year average of 55.36 percent. For the past three years, the company has had a dismal revenue growth rate of 4.95 percent. Over the last three years, the company has maintained a solid ROCE of 80.25 percent.

EPS: 38.07

TTM PE: 47.15

Sector PE 68.30

Book Value Per Share: 42.88

P/B: 41.87

Face Value: 1

Castrol India

Castrol India Limited is a manufacturer of automotive and industrial lubricants. Castrol India is the second-largest manufacturer of automotive and industrial lubricants in the Indian lubricant market, with a market share of roughly 20%. For the past three years, the company has had a dismal profit increase of -5.55 percent. Only 1.51 percent of trading sessions in the last 13 years had intraday gains of more than 5%. The stock gained -10.93 percent over three years, compared to 50.8 percent for the Nifty Midcap 100. Over the last three years, the company has maintained a respectable ROE of 58.12 percent and has maintained a high ROCE of 82.68 percent.

EPS: 7.09

TTM PE: 20.28

Book Value Per Share: 14.30

P/B: 10.06

Face Value: 5

Maruti Suzuki India

Maruti Suzuki India Limited, originally Maruti Udyog Limited, is an Indian vehicle manufacturer situated in New Delhi. It was owned and administered by the Indian government from 1981 until 2003.

Over a three-year period, the stock lost -23.05 percent, while the Nifty Auto provided investors a -4.93 percent return. In the last three years, the company has maintained a good ROCE of 22.64 percent. For the past three years, the company has had a dismal profit growth of -8.39 percent. With a healthy interest coverage ratio of 54.16, the company is in good shape.

EPS: 145.34

TTM PE: 50.18

Book Value Per Share: 1,737.97

P/B: 4.20

Face Value: 5

Britannia Industries

Britannia Industries is a leading food company in India, with a 100-year history and yearly revenues of over Rs. 9000 crore. Any increase in the price of wheat, edible oil, or sugar puts the company’s margins in danger. As logistic inflation calms following a recent jump, recent increases in sugar and edible oil prices should be stabilizing. Over a three-year period, the stock returned 8.0 percent, compared to the Nifty FMCG index, which returned 23.73 percent.

With a solid interest coverage ratio of 30.28, the company is in good shape. For the past three years, the company has shown a good profit growth of 20.72 percent. For the past three years, the company has had a dismal revenue growth rate of 9.30 percent.

EPS: 77.38

PE: 44.45

Book Value Per Share: 148.79

P/B: 23.12

Face Value: 1

Should you invest in MNC stocks?

When choosing MNCs, look for organizations that have a consistent track record. Apart from the company’s history and corporate governance, you should look at the company’s sales and profit growth over the last five years, which should be higher than its local competitors. MNC stocks have a reputation for providing large returns. Check common return ratios like Return on Equity and Return on Capital Employed before investing in any MNC stocks.

Investing in MNCs also comes with a number of risks, including regulatory or legal risks, cultural sensitivity, and currency exchange rate volatility. Furthermore, many commoners resent MNCs for the growing trend of ‘Vocal for local,’ i.e. using and popularising local products, which may have a long-term impact on MNCs.

Disclaimer

Investing in stocks is risky and investors need to be cautious. Neither Greynium Information Technologies Pvt Ltd nor the author would be responsible for any losses incurred based on decisions made from the article.

Who can benefit from West Bengal Student Credit Card?

The West Bengal student credit card scheme is available to all students in grades 10 and up. Students can take advantage of this initiative to get a hassle-free, collateral-free loan with a low-interest rate of 4%. Other than the co-obligation of parents, this loan will be supplied without any security or collateral security in a tangible or intangible form. This loan has a 15-year repayment duration. Students’ applications will be sent to the bank by the institution and department of higher education. Students can utilise the money for both institutional and non-institutional expenses such as rent, hostel fees, study excursions, and projects.

West Bengal Student Credit Card Eligibility Criteria

• The applicant must be a West Bengal permanent resident.
• The applicant must have lived in West Bengal for at least 10 years.
• The maximum age to apply for this scheme is 40 years old.

West Bengal Student Credit Card Scheme Application Documents

• Aadhar card
• Residence certificate
• Age proof
• Ration card
• Income certificate
• Bank account details
• Mobile number
• Passport size photograph

West Bengal Student Credit Card Repayment Period

Students can take advantage of this scheme until they reach the age of 40. Students must repay the debt within 15 years after obtaining employment. It’s also worth noting that the loan application process will be simplified to make it easier for students to obtain loans. Students can also apply for a credit card by filling out an online application. The West Bengal Student Credit Card Scheme became live on June 30, 2021. West Bengal students will now be permitted to pursue higher education regardless of their financial circumstances.

How to Apply Online West Bengal Student Credit Card Scheme?

How to Apply Online West Bengal Student Credit Card Scheme?

Step 1: Visit Website https://wbscc.wb.gov.in/

Step 2: Click on Student registration

Step 3: Enter the details in the registration form

Step 4: Click on Register

Now a unique ID will be generated and sent to the phone number you provided. This user ID will be used in the future for all purposes.

How to Login for West Bengal Student Credit Card Scheme?

Step 1: Log in

Step 2: Enter the application ID, password, and captcha code

Step 3: Click on the login

Step 4: Dashboard will appear before you

Step 5: Click on the application detail

Step 6: Click on the edit loan application

Step 7: Fill application form

Step 8: enter the below details

• Personal details
• Co borrower details
• Present address details
• Permanent address details
• Course and income details
• Bank details of the student

Step 9: click on save and continue

Step 10: upload the following documents

• Latest color photograph of the student
• Latest color photograph of the co-applicant
• Signature of the student as specified
• Co borrower address proof
• Signature of the overawe legal guardian
• Student’s Aadhar card
• Students PAN card or undertaking as specified
• Co borrower PAN card or undertaking as specified
• Admission receipt of the institution
• Class 10th board registration certificate

Step 11: Click on Save and continue

Step 12: Click on the submit application

Step 13: Confirm to submit or not

Shares of Zomato zoomed on listing, jumping nearly 63 per cent to trade at Rs 124, against its issue price of Rs 76.

The stock made its debut at Rs 115, reflecting a huge gain of 51.31 per cent against the issue price on the BSE. It then hit a high of Rs 138, a jump of 81.57 per cent. On the National Stock Exchange, it got listed at Rs 116, registering a premium of 52.63 per cent. Zomato’s initial public offering (IPO) last week ended with a bumper 38 times subscription. While the stock made its debut at the price of Rs 115, it is currently trading at Rs 124, which is a robust 63% over and above the offer price.

Should you buy the Zomato stock now?

Says Sneha Poddar, Research Analyst, Broking & Distribution, Motilal Oswal Financial Services Ltd, “Zomato, India’s leading online food delivery company, listed strongly on the exchanges today with 53% premium at INR 116/Share against its issue price of Rs76/share. Such stellar debut on exchanges led to its market capitalization crossing Rs1 lakh crore. Despite the large size of IPO at Rs 9,375 crore and rich valuations, the company saw healthy overall subscription of 38 times. There is lot of fancy for such unique and first of its kind listing in the market. Zomato with first mover advantage is placed in a sweet spot as the online food delivery market is at the cusp of evolution.

It has consistently gained market share over the last four years to become the category leader in India in terms of GOV (Gross Order Value). It enjoys couple of moats and with economics of scale started playing out, the losses have reduced substantially. Though, predicting the growth trajectory at this juncture is little tricky, but it’s a good bet from long term perspective.”

We at goodreturns.in believe that the stock is overpriced at these levels, as there are risks to the business as well. Some of these players have had problems with restaurants in the past. The IPO price was still reasonable, but, to buy the stock at Rs 124 is overexuberrance. We suggest investors to stay away and wait for the stock to decline to buy. Having said that, there is little doubt that the brand of zomato is solid. However, at these levels the stock is not a good buy.

Zomato IPO received good response

The IPO had opened for subscription on July 14, in a price band of Rs 72-76 per share. It closed on July 16. The company, backed by Jack Ma’s Ant Group Co, is the first from a long list of Indian unicorn startups to launch an IPO. It is also the first among Indian online food aggregators. The Zomato IPO comprised a fresh issue of equity shares worth Rs 9,000 crore and an offer-for-sale (OFS) worth Rs 375 crore by existing investor Info Edge (India), which is the parent company of Naukri.com, according to the information provided in the draft red herring prospectus.

Disclaimer

Investing in stocks is risky and investors need to be cautious. Neither Greynium Information Technologies Pvt Ltd, nor the author, nor the brokerage house mentioned would be responsible for any losses incurred based on decisions made from the article. Investors are also advised caution as the markets are now at a record high. Please consult a professional advisor and avoid investing lumpsum amounts.