Category: Personal Finance

LIC Nav Jeevan: Insurance Policy With Flexible Premiums: Should You Choose?

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Term period and PPT

The USP of this policy is either you can pay the premium as Single Premium or as Limited Premium with a premium payment term of 5 years. Hence, if you are choosing the term premium option, even in that case you can avail a very short term for that, unlikely in other plans offered by LIC. You can pay the term period on a Single or Yearly, Half-yearly, Quarterly, or Monthly (ECS) basis.

The term period for LIC Nav Jeevan is 10 to 18 Years. The Premium Paying Term (PPT) has been fixed at 5 Years for Limited Premium Option. This policy has 2 options, namely Sum Assured on Death is 10 times the Annualised Premium, and Sum Assured on Death is 7 times the Annualised Premium.

Policy benefits and sum assured

Policy benefits and sum assured

Under the LIC Nav Jeevan policy, you will have to pay at least Rs. 1,00,000 as the Minimum Sum Assured. However, there is no limit on the Maximum Sum Assured, depending upon your income. You can avail of the Maximum Accidental Death and Disability Benefit Rider up to your age of 70 years.

The death benefits under the LIC Nav Jeevan have been designed to benefit the subscribers at best. In case of death, during 5 years (Before the date of commencement of risk), the subscriber will get the refund of premium(s) paid without interest. On the other hand, in case of death during 5 years (after the date of commencement of risk), the policyholder will get the Sum Assured on Death. And lastly, in case of death after 5 years, the policyholder will get the Sum Assured on Death, along with the Loyalty Addition.

This is a calculation done considering different premium paying options, age and sum assured.

Premium paying option Policy term Basic sum assured (INR) Death Sum Assured Death Sum Assured before 5 years Death Claim after 5th policy year but before 12th policy year Maturity after 12 Years Age
Single 12 years 200000 1138000 1138000 1138000+ Loyalty Addition (LA) 200000 + Loyalty Addition (LA) 27 years
“Limited Premium Option-1
(Premium paying term: 5 years)” 15 years 500000 584000 584000 584000+ Loyalty Addition (LA) 500000 + Loyalty Addition (LA) 24 years
“Limited Premium Option-2
(Premium Paying Term: 5 Years)” 10 years 400000 425040 425040 425040+ Loyalty Addition (LA) 400000 + Loyalty Addition (LA) 45 years

Calculation of sum assured

Calculation of sum assured

Sum Assured on Death for Single Premium will be your Basic Sum Assured or 10 times Tabular Single Premium for the chosen Basic Sum Assured. Sum Assured on Death for Limited Premium (option-1) will be your Basic Sum Assured or 10 times Annualised Premium for the chosen Basic Sum Assured. Sum Assured on Death for Limited Premium (option-2), will be your Basic Sum Assured, or 7 times Annualised Premium for the chosen Basic Sum Assured. Basic Sum Assured is the money you initially subscribed to the policy with. On the survival of the policyholder after the maturity of the plan, he/she will be Basic Sum Assured, along with the Loyalty Addition.

Eligibility Of LIC Nav Jeevan

Eligibility Of LIC Nav Jeevan

The entry age under the LIC Nav Jeevan policy varies on the above-mentioned 2 options. For Single Premium, the minimum entry age is 90 days completed. On the other hand, the minimum entry age for a limited premium under the 1st option is 90 days completed, while the minimum entry age for a limited premium under the 2nd option is 45 years.

The maximum entry age similarly depends on the above-mentioned 2 options. The maximum entry age for Single Premium is 44 years. On the other hand, the maximum entry age for a limited premium under the 1st option is 60 years completed, the maximum entry age for a limited premium under the 2nd option is 65 years.

Maturity, surrender, loan, and tax benefits

Maturity, surrender, loan, and tax benefits

The minimum maturity age is 18 years completed. The maximum maturity age for Single Premium is 62 years, while the Limited Premium under the 1st option is 75 years, and the maximum maturity age for Limited Premium under the 2nd option is 80 years.

If you are not comfortable with the policy, you can surrender the policy at any time, during the policy term. However, under the Limited Premium Payment, the policy can be surrendered at any time during the policy term, provided at least 2 full years’ premiums have been paid to LIC. The loan is available under the LIC Nav Jeevan policy. You can also have the tax benefit under this LIC policy under section 80c.



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KPMG India appoints Yezdi Nagporewalla as new CEO, BFSI News, ET BFSI

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NEW DELHI: Financial services firm KMPG on Friday appointed Yezdi Nagporewalla as its new chief executive officer (CEO) for the India division, the company said in an official release.

Nagporewalla has been appointed for a term of over 4 years – from February 7, 2022 to December 31, 2026.

Nagporewalla succeeds Arun M Kumar, the current chairman and CEO of KPMG India, who completes his 5-year term on February 6, 2022.

Nagporewalla has been working with KMPG India for over 21 years and has headed its industrial markets and automotive sector. He has also served as a member of the KPMG India board for 6 years.

His key areas of experience include manufacturing, infrastructure and construction.

Expressing gratitude on his appointment, Nagporewalla said: “My endeavour as the CEO will be to do my best to serve the organisation by helping our leaders and teams to fulfill their dreams and passions and make a difference.”

KPMG India has seen brisk growth in revenues and its workforce strength has grown by 70 per cent in the past four years. The firm has introduced many new offerings and inducted over 90 partners to broaden its skill-base and strengthen its delivery capabilities.

In a departure from the past, KPMG has split the roles of chairman and CEO.

While Nagporewalla’s announcement as the next CEO has been confirmed by the firm, it is yet to announce a chairman.

Sharing his views on the appointment, Bill Thomas, global chairman and CEO of KPMG said: “Yezdi’s deep understanding of our business in the Indian market, proven track record in serving clients and strong leadership skills make him the clear choice to lead the India firm. He is an inclusive leader who inspires trusted relationships at the highest levels of our clients and stakeholders.”

KPMG entered India in August 1993 and has offices across Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram (Delhi), Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida (Delhi), Pune, Vadodara, and Vijayawada.



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Coin ATM Radar, BFSI News, ET BFSI

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NEW DELHI: According to data released in October by Coin ATM Radar, a major cryptocurrency data compiling site, crypto ATMs have increased astronomically this year, Bitcoin.com reports.

Over 30,000 Bitcoin ATMs are currently functional around the world. The number of bitcoin ATMs have just doubled since January and nearly 80 countries now have crypto ATMs for exchanging cryptocurrencies with fiat money.

The growth of Bitcoin ATMs tracked by Coin ATM Radar in some of the countries is as follows:

* There were 14,016 registered locations supporting automated teller services for leading cryptocurrencies on January 1.

* The total Bitcoin ATMs have increased to a good 30,011 by October 2021.

* Both Bitcoin ATMs and other crypto teller machines are spread across 76 countries and run by 628 operators.

* The United States of America(US) leads with crypto ATMs in 26,000 locations.

* Canada has a little less than 2,000, and the entire European Union hosts only 1,353 units.

* Colombia has the highest number of crypto ATMs in Latin America. It has 46 machines and accounts for 0.7 per cent of the world’s crypto ATMs.

* The number of crypto teller devices have increased to 155 in Spain.

* Crypto ATMs have expanded in Switzerland as well to 130.

* However, few other countries saw a decline in crypto ATMs since last year.
– In Austria, the number of teller machines decreased from this year’s high of 156 in June to 140 now.

– The number of ATMs in UK fell from 229 on January 1 to 98 on October 27, 2021.

These ATM machines may support different cryptocurrencies but most of them have the facility for purchasing Bitcoin (BTC). The other services offered by crypto ATMs are :

* Some crypto ATMs sell one or more of the other major coins such as bitcoin cash (BCH), ether (ETH), and litecoin (LTC).

* Other crypto ATMs offer stablecoins like tether (USDT) or popular altcoins like dogecoin (DOGE).

* The two-way teller machines, where one can bothe buy and sell cryptocurrencies, are also growing

Among the Crypto ATM operators, Bitcoin Depot, which has been expanding its network in the US, is the largest and accounts for 17.7 per cent of ATMs which means 5,314 units.

Bitcoin Depot is followed by Coincloud with 4,028 units and Coinflip has the third largest share of less than 10 per cent with 2,953 devices.

(For the latest crypto news and investment tips, follow our Cryptocurrency page and for live cryptocurrency price updates, click here.)



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Understanding forks and Bitcoin variants, BFSI News, ET BFSI

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NEW DELHI: Bitcoin enjoys incomparable popularity, with a market capital of $1.24 trillion on October 21 after the all-time high value of $66,000, according to CoinMarketCap.

But there are also cryptocurrencies such as Bitcoin Cash and Bitcoin SV, which belong to the same Bitcoin family, with some fundamental similarities and differences.

What led to the emergence of these newer versions? How are they different from each other? We start by first trying to understand Bitcoin forks that are responsible for the creation of Bitcoin variants.

Forks and their types:

A blockchain fork is simply an upgrade in the network initiated either by developers or the crypto community.

* A soft fork has a minor upgrade and needs only a majority of nodes to upgrade to the latest version.

– It is ‘backwards-compatible’, which means that the upgraded chain can successfully share and use data from earlier versions of the network.

– Soft forks bring small changes and do not separate from their parent chain.

* Hard forks bring major changes and require all the nodes to upgrade to the new rules.

* Mostly they lead to permanent separation from the old chain, making newer versions incompatible to the older version like in Bitcoin Cash.

A Bitcoin fork was created through a hard fork, as a result of disagreement within the Bitcoin community over speed, transaction fees and block size or to add more features to the existing Bitcoin. So far, there have been 100 BTC forks, out of which 74 versions have survived and are still functional.

Bitcoin variants: Bitcoin Cash and Bitcoin SV:

Bitcoin Cash (BCH)

Origin:

* It emerged as a result of a hard fork in August 2017.

* The upgrade Segwit2x was proposed by a fraction of the Bitcoin community to scale up the blockchain by increasing the block size and lowering transaction fees.

* However, Segwit2x would also burden the miners and full-node operators to store excessive data.

* The proposal led to the creation of a hard fork, Bitcoin Cash (BCH).

* BCH is the second largest fork of the network and considered electronic cash.

* Its block size is 32 MB while BTC has a block size of just 1 MB.

* The transaction cost is substantially lower and a faster transaction rate of 200 TPS than 5-7 TPS of BTC.

* Bitcoin Cash further forked and bifurcated into Bitcoin Cash ABC and Bitcoin Cash Node (BCN).

Bitcoin Satoshi Vision (BSV)

Origin:

* In November 2018, BSV was created by the efforts of the Australian Computer scientist Craig Wright who persuaded the community to increase the block size of BCH to 128 MB.

* Bitcoin SV expanded its block size to 1 TB, obviously much larger than Bitcoin.

* BSV’s transaction cost is the lowest among the three variants of Bitcoin, and is at a high transaction speed of 9000 TPS due to its large block size.

* BSV uses the scaling platform Bitcoin Scaling Test Network (STN) to achieve the desired scalability.

* Educational platforms such as Bitcoin SV Academy and banking application Gravity give the biggest use cases for the adoption of BSV.

* BSV’s supporters hail it as the genuine peer-to-peer financial infrastructure, true to the vision of Satoshi Nakamoto (the famed pseudonymous person who created Bitcoin).

* It is priced at $170.80 on October 27, according to CoinmarketCap.

Other leading Bitcoin hard forks include Bitcoin Gold, Bitcoin Cloud, Bitcoin Classic and Bitcoin Private.

Key similarities in BTC, BCH and BSV

* All three Bitcoin variants have the same stock supply of 21 million coins, and the total supply of the three coins is expected to be exhausted by 2140.

* Both BCH and BTC work on the PoW (Proof-of-Work) model.

* Just like Bitcoin, the BCH blockchain ensures transparency, is publicly accessible and cannot be modified by a single entity.

(For the latest crypto news and investment tips, follow our Cryptocurrency page and for live cryptocurrency price updates, click here.)



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Cryptocurrency ether hits all time high of $4,400, BFSI News, ET BFSI

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HONG KONG -Ether, the world’s second largest cryptocurrency, hit an all-time high on Friday, a little over a week after larger rival bitcoin set its own record.

As cryptocurrency markets have rallied sharply in recent weeks, ether is up more than 60% since its late September trough.

The token, which underpins the ethereum blockchain network, rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set on May 12.

“It wouldn’t surprise me if we go blasting through in European and U.S. trade,” said Chris Weston, research head at Melbourne-based broker Pepperstone. “This is a momentum beast at the moment, and it looks bloody strong.”

A recent technical upgrade to the Ethereum network seemed to have helped, he added.

“A lot of the time, with these technological upgrades and bits and pieces, this is news that fuels the beast, it’s fodder for people to say, ‘This is what we bought in for,’ and as soon as it starts moving, it’s like a red rag to a bull, people just go and buy.”

Bitcoin, which hit its record high of $67,016 on Oct. 20, was last up 1.4% at $61,457, for an increase of about 50% since late September.

Among the biggest recent movers in cryptocurrencies, however, is meme-based cryptocurrency shiba inu, whose price has rocketed about 160% this week, and is the world’s eighth largest token.

Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use.

(Reporting by Alun John in Hong Kong and Kevin Buckland in Tokyo; Editing by Clarence Fernandez)



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Bandhan Bank posts whopping Rs 3,009-crore loss in Q2 as bad loans surge

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During the period under review, the bank made an accelerated provision on NPA accounts of around Rs 1,500 crore. It also provided an additional standard assets provision amounting to Rs 2,100 crore and provision on restructured assets amounting to Rs 1,030 crore.

Private sector lender Bandhan Bank on Friday reported a whopping net loss of Rs 3,008.59 crore for the second quarter this fiscal, on the back of Rs 5,577.92-crore provisions as the lender saw a huge surge in bad loans.

In absolute terms, non-performing assets (NPAs) of the bank, which had posted a net profit of Rs 920 crore in the second quarter last fiscal, soared 10-fold year-on-year to Rs 8,763.60 crore in the second quarter this fiscal from Rs 873.97 crore in the year-ago period. On a quarter-on-quarter basis, NPAs grew 36% from Rs 6,440.38 crore in the first quarter.

During the period under review, the bank made an accelerated provision on NPA accounts of around Rs 1,500 crore. It also provided an additional standard assets provision amounting to Rs 2,100 crore and provision on restructured assets amounting to Rs 1,030 crore.

Addressing a virtual press meet, Bandhan Bank MD & CEO Chandra Shekhar Ghosh said, “It was a very critical quarter. But not just for us, everyone is undergoing the same. We recognised this reality and strengthen our balance sheet to be prepared for the future business. All stresses are assessed and finalised in this moment. And then, the bank made a one-time additional provision. This quarter total provisioning was Rs 5,578 crore. Due to such provisioning, the bank has reported a loss of around Rs 3,000 crore in this quarter…it is not a loss, it is like taking some break comfortably, so that from today, we can only focus on business growth and quality of the portfolio.”

Ghosh said the bank believed that this provisioning should be “sufficient” to take care of any previous asset quality issues on account of the ongoing pandemic as well as protect it against the disruptions caused by any potential third wave.

During the second quarter this fiscal, the bank’s gross NPAs as a percentage of total loans increased 964 basis points on year-on-year basis to 10.82% from 1.18% during the same quarter last fiscal. On a quarter-on-quarter basis, the gross NPA ratio soared 264 bps from 8.18% in Q1FY22.

Net interest income (NII) for the quarter stood at Rs 1,935.41 crore, against Rs 1,923.09 crore in the year-ago period. Net interest margin (NIM) stood at 7.6%, down 4 bps from 8% for Q2FY21.

Ghosh informed that collection efficiencies improved in the September quarter and credit growth came back to nearly the pre-Covid situation. Growth in loan and advances for the bank in this quarter was 7%.

“For the EEB segment (erstwhile microbanking segment), collection efficiency was 83% in June, and now it is 129%, which is a very strong message to the bank from the customers on how they are coming back to the pre-pandemic situation. In the EEB segment, around 9% of our customers had not paid any instalment in June, while in September this number was only 4%. Now, around 79% of our customers are paying full instalments, while the number was 62% in June. September onward, it will gradually improve. We hope that in the future it will be better for the bank. We remain hopeful that if things continue to improve in the country from here now, we would reach our pre-Covid efficiency in the next couple of quarters,” Ghosh added.

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Stocks To Issue Bonus Shares In November 2021

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1. Shree Ganesh Remedies:

The company previously informed that it has fixed the Record Date as 02/11/2021 for the purpose Issue of Bonus Equity Shares in the Ratio 1:5. The ex-bonus date shall be November 1, 2021 , implying investors’ should be having the company’s shares as on this date to be considered for the eligibility which is fixed on the record date.

Shree Ganesh Remedies Limited’s core activities chiefly consist of manufacturing & export of Pharmaceutical Drug Intermediates & Fine Chemicals and Research. From toll manufacturing to custom chemistry collaborations the company is amongst the leading CMO and CDMO based in India. The stock today closed at a price of Rs. 429.85. The one-year return of the stock has been a whopping 255%. The company’s standalone net sales for the September quarter have gone up by over 40 percent YoY.

2. Universal Auto Foundry:

2. Universal Auto Foundry:

The bonus issue proposed is in the ratio of 1:4. The purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Cornpany in proportion of 1:4 i.e. only one share shall be issued for every 4 equity share of nominal value of Rs. 10.

The company is engaged in the manufacturing of Iron Castings. We manufacture castings components in Grey Iron and S.G. (Ductile) Iron, primarily for automotive sector. Castings are supplied in Machined, Semi Machined and as cast condition with surface treatment as per customer’s need. Suspension Brackets, Differential housing, Hubs, Brake drum, Flywheels, Adjuster Nuts, Pulleys, Dampers, etc. are some of the items that find application in the commercial vehicle and engineering industry.

The company’s stock price closed at Rs. 78.75 per share on October 29, 2021.

So , as we have listed the above stocks for which the companies’ will be deciding on the shareholders eligibility in November month on the pre-decided dates. Here is also given when these bonus shares get credited to shareholders’ account.

How long does it takes for the bonus share issuance credit?

How long does it takes for the bonus share issuance credit?

It is to be noted that usually the dividends as well as the bonus shares get credited to customers account within one month after the record date. First to be eligible for the respective bonus or dividend, you should be holding the shares as on ex-date or might have sold the same on the ex-date. Nonetheless, the role of RTA is crucial here and as and shares get credited to your account, you will receive an SMS.

Process of bonus share issuance credit

Process of bonus share issuance credit

After the company has determined shareholders who are eligible for the bonus, there is taken the next step wherein there is decided allotment of ISINs or International Securities Identification Numbers to the bonus shares. After the same is done in respect of all the share, the company credits bonus issue shares to its eligible shareholders account within 15 days time. Now the process is even faster owing to dematerialized and electronic share transfer mode.

Disclaimer:

Disclaimer:

Notably, the stocks listed are just to given an idea on the likely companies’ that will be issuing bonus shares in the near future and is not a recommendation to buy in these shares listed.

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Paytm IPO; Subscription To Open On November 8, Check Other Details

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Investment

oi-Sneha Kulkarni

|

One97 Communications, the parent company of digital payments business Paytm, will launch its Rs 18,300 crore initial public offering (IPO) on Monday, November 8, 2021, and subscriptions will be accepted until Wednesday, November 10, 2021.

The IPO’s price band has been set at Rs 2,080-2,150 per share with a face value of Rs 1. Sebi, the markets regulator, gave the corporation the green light last week.

Paytm IPO; Subscription To Open On November 8, Check Other Details

The deal intends to generate Rs 18,300 crore for the digital payments giant. The company has boosted the size of its IPO from Rs 16,600 crore to Rs 1,700 crore, with the rise completely due to existing owners selling more shares.

Vijay Shekhar Sharma sold up to Rs 402.65 crore, Antfin (Netherlands) Holdings sold up to Rs 4,704.43 crore, Alibaba.com Singapore E-Commerce sold up to Rs 784.82 crore, and Elevation CapitalV FII Holdings sold up to Rs 75.02 crore in the OFS.

According to the IPO paperwork, Elevation Capital V Ltd would offer up to Rs 64.01 crore, Saif III Mauritius will provide up to Rs 1,327.65 crore, Saif Partners will offer up to Rs 563.63 crore, SVF Partners will offer up to Rs 1,689.03 crore, and International Holdings will offer up to Rs 301.77 crore.

The book running lead managers for the IPO are Morgan Stanley India Company, Goldman Sachs (India) Securities, Axis Capital, ICICI Securities, J.P. Morgan India, Citigroup Global Markets India, and HDFC Bank. The issue’s registrar is Link Intime India.

One97 stated in its Draft Red Herring Prospectus (DRHP) that the cash raised will be used to expand the Paytm ecosystem by attracting and keeping consumers and merchants. Consumers and merchants have been attracted through marketing, cashback, and incentives, according to the company, which also provides merchants with technology through its consumer and business app, payment platforms, and payment instruments.

IPO Open Date: Nov 8, 2021
IPO Close Date: Nov 10, 2021
Basis of Allotment Date: Nov 15, 2021
Initiation of Refunds: Nov 16, 2021
Credit of Shares to Demat Account: Nov 17, 2021
IPO Listing Date: Nov 18, 2021



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3 Best Focused Equity Funds For SIP In 2021 Based On 1 Year Returns Over 70%

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Should I Invest?

Although diversification allows investors to optimize returns while reducing risk potential and market unpredictability, these funds can only be a viable pick in the current market scenario if you have a long-term financial objective of more than 5 years. The rationale for choosing focused equity funds for your first SIP is that this fund category achieved a portfolio record of 45,34,024, a net positive inflow of Rs 114.45 Cr, a net Assets Under Management (AUM) of Rs 91,829.12 Cr, and an average net AUM of Rs 91,656.51 Cr as of September 30th, 2021.

These funds can be a strong choice for maximising risk-adjusted returns because they have their equity allocation across selected companies based on a precise study by the fund managers. The risk associated with these funds is higher than that of well-diversified mutual funds, since focused funds may perform well for investors who are willing to accept a higher risk by investing in handpicked stocks in consideration to create long-term wealth.

In this volatile market, here are the top three focused equity funds that have performed well and generated over 70% returns in the previous year, and you may also consider them for initiating a SIP-based on your risk tolerance capacity.

Nippon India Focused Equity Fund Direct-Growth

Nippon India Focused Equity Fund Direct-Growth

It is a focused equity fund from the fund house Nippon India Mutual Fund. The 1-year returns for Nippon India Focused Equity Fund Direct-Growth are 75.38 percent. As of September 30th, 2021, it had provided 15.10 percent average yearly returns since its inception. The fund’s equity allocation is massively skewed toward the financial, services, FMCG, construction, and technology sectors. State Bank of India, ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., and Axis Bank Ltd. are the fund’s top five holdings.

The fund’s expense ratio is 2.01%, which is higher than the expense ratios of most other funds in the same category. The fund’s Net Asset Value (NAV) is Rs 78.96 as of October 28th, and its Assets Under Management (AUM) is Rs 5,818.16 Cr as of September 30th, 2021. Value Research has given the fund a three-star rating, and SIPs can be started in the fund with as little as Rs 500.

Particulars 1 Year CAGR % 3 Year CAGR % 5 Year CAGR % Since Inception
Nippon India Focused Equity Fund 75.38 20.99 N.A 15.1
B: S&P BSE 500 TRI 63.1 19.73 N.A 16.17
AB: S&P BSE Sensex TRI 56.96 19.03 N.A 17.99
Source: mf.nipponindiaim.com. Data as on 30/09/2021

Franklin India Focused Equity Fund Growth

Franklin India Focused Equity Fund Growth

Franklin India Focused Equity Fund Direct-Growth is a focused mutual fund scheme from Franklin Templeton Mutual Fund with a 1-year return of 85.29% and since its inception it has generated a yearly average return of 14.12% as of 30/09/2021. The fund has its major equity allocation across the financial, construction, energy, healthcare, and communication sectors. State Bank of India, ICICI Bank Ltd., Axis Bank Ltd., National Thermal Power Corp. Ltd., and Larsen & Toubro Ltd. are the fund’s top five holdings.

The fund’s expense ratio is 1.91 percent, which is higher than the expense ratios of most other funds in the Focused Equity Fund category. As of October 28th, the fund’s Net Asset Value (NAV) is Rs 66.51, and its Assets Under Management (AUM) is Rs 7835.97 Cr as of September 30th, 2021. The fund has a three-star rating from Value Research, and SIPs may be started with Rs 500 in the fund.

Compounded Annualized Growth Rate Performance Fund Nifty 500 Nifty 50
Last 1 Year 85.29% 32.50% —
Last 3 Years 20.37% 15.79% —
Last 5 Years 15.48% 13.54% —
Last 10 Years 19.20% 12.60% —
Last 15 Years — 11.02% —
Since Inception (26/07/2007) 14.12% — —
Data as of 30/09/2021. Source: franklintempletonindia.com

HDFC Focused 30 Fund Direct Plan Growth

HDFC Focused 30 Fund Direct Plan Growth

HDFC Focused 30 Fund Direct Plan-Growth is a focused mutual fund plan offered by HDFC Mutual Fund, with a one-year return of 75.48 percent. It has provided 15.37 percent average yearly returns since its inception. The fund has its major equity allocation across the Financial, Energy, Construction, Engineering, Technology sectors. The top five holdings of the fund are ICICI Bank Ltd., State Bank of India, HDFC Bank Ltd., Reliance Industries Ltd., and Infosys Ltd.

The fund’s expense ratio is 2.67 percent, which is much higher than the expense ratios of most other Focused funds. The fund’s Net Asset Value (NAV) is Rs 125.10 as of October 28th, and its Assets Under Management (AUM) is Rs 838.19 Cr as of September 30th, 2021. With a minimum monthly contribution of Rs 500, you can start SIP in this fund.

Fund Name 3 Months 6 Months 1 Year 3 Years 5 Years
HDFC Focused 30 Fund (G) 15.35% 29.25% 75.48% 17.35% 11.84%
S&P BSE 200 11.96% 20.45% 56.69% 20.75% 15.41%
NIFTY 13.17% 19.89% 53.19% 20.32% 15.67%
SENSEX 13.92% 20.53% 51.08% 20.75% 16.53%
Data as of 30th September 2021. Source: hdfcsec.com

3 Best Focused Equity Mutual Funds In 2021

3 Best Focused Equity Mutual Funds In 2021

Funds 1 mth returns 6 mth returns 1 Yr returns 3 Yr returns 5 Yr returns Since inception
Nippon India Focused Equity Fund 2.36% 22.20% 76.86% 24.53% 14.50% 14.93%
Franklin India Focused Equity Fund 2.35% 25.21% 76.74% 24.25% 15.41% 14.20%
HDFC Focused 30 Fund 7.79% 29.97% 76.01% 19.46% 12.99% 13.69%
Source: Groww

Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice 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 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



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