MUMBAI: This Women’s Day, Bandhan Mutual Fund is redefining financial planning with the launch of The Equal Calculator, an online tool designed to accommodate real-life career journeys—pauses and all. Unlike traditional investment calculators that assume uninterrupted earnings, The Equal Calculator recognizes that career breaks are a reality, especially for women who step away for family, education, or personal growth. This one-of-its-kind financial tool ensures that taking a break doesn’t mean falling behind. By factoring in career gaps, Bandhan Mutual Fund’s – The Equal Calculator helps individuals confidently plan their financial future, providing a more accurate roadmap to long-term wealth creation. The name ‘The Equal Calculator’ embodies the commitment to fairness in financial planning. It signifies that every projection is precisely balanced to reflect true potential—even when career breaks occur.

To take charge of your financial future, The Equal Calculator can be accessed at http://equalcalculator.in.

To highlight the need for taking into account the breaks when financial planning, Bandhan Mutual Fund also launched an ad for The Equal Calculator

“At Bandhan Mutual Fund, we believe financial independence shouldn’t be compromised by life’s pauses,” said Vishal Kapoor, CEO at Bandhan AMC. “With The Equal Calculator, we empower individuals—especially women— to stay in control of their financial goals, regardless of career interruptions. Our tool ensures you receive a calculation that’s squarely in line with your financial aspirations, leveling the playing field, no matter the pauses in your journey.”

By championing financial inclusivity, Bandhan Mutual Fund reinforces its commitment to helping every investor stay on track, no matter their journey.

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• The offering provides investors with an opportunity to gain exposure to the metal sector which is diverse and dynamic
• The ETF will invest in a range of companies involved in both ferrous and non-ferrous metals, reflecting the behavior and performance of the companies forming a part of the metal sector
• The NFO period is from August 1, 2024, to August 12, 2024

MUMBAI: ICICI Prudential Mutual Fund has announced the ICICI Prudential Nifty Metal ETF launch. The offering aims to provide returns before expenses that correspond to the returns provided by the Nifty Metal Index, subject to tracking errors. The Nifty Metal Index includes companies from the metal sector, including ferrous and non-ferrous metals.

The Nifty Metal Index is designed to reflect the behavior and performance of the Metals sector (including mining). The Nifty Metal Index comprises a maximum of 15 stocks that are listed on the National Stock Exchange. These companies are selected from the Nifty 500 based on their market value, ensuring a broad representation of the sector. The index composition ensures that no single company has more than 33% weight, and the top three companies cumulatively do not exceed 62% of the index.

Speaking on the launch of the product, Chintan Haria, Principal – Investment Strategy at ICICI Prudential AMC, said, “ICICI Prudential Nifty Metal ETF is designed to provide investors with access to one of the critical sectors that form the backbone of industrial growth. The metal sector, encompassing crucial industries like steel, aluminum, and copper, is integral to infrastructure and economic development. With increasing demand and consumption, especially in a rapidly growing economy like India, this sector presents a compelling long-term investment opportunity. Our Metal ETF aims to allow investors to benefit from the uptick in metals due to expected higher global inflation amidst lower interest rates.“

Why invest in ICICI Prudential Nifty Metal ETF?

The Nifty Metal TRI has outperformed the Nifty 500 TRI five times in the last decade, demonstrating its potential for delivering good returns. Investing in the ICICI Prudential Nifty Metal ETF provides:

1. Exposure to a key sector essential for economic growth.
2. Access to well-established companies experiencing renewed global interest.
3. A relatively low valuation compared to broader market indices, coupled with increasing demand and consumption.
4. A convenient entry with a minimum investment of just one unit.

Performance of the Index: Calendar Year Returns (%)

Nifty Metal TRI has Outperformed the Nifty 500 TRI five times in the last 10 years.

Data as of June 28, 2024. Data Source: Nifty Indices https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-metal, MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd. MFI Explorer is a tool provided by ICRA Online Ltd. For their standard disclaimer please visit http://www.icraonline.com/ legal/standard-disclaimer.html. The performance of the index does not signify the returns of the scheme. Past performance may or may not be sustainable in the future.

Data as of July 23, 2024. Data Source: Nifty Indices https://www.niftyindices.com/indices/equity/sectoral-indices/nifty-metal. MFI Explorer. MFI Explorer is a tool provided by ICRA Online Ltd. MFI Explorer is a tool provided by ICRA Online Ltd. For their standard disclaimer please visit http://www.icraonline.com/legal/standard-disclaimer.html. CAGR stands for The compound annual growth rate (CAGR) is the rate of return (RoR) that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each period of the investment’s life span. Returns rebased to Rs. 100 as of 12th July 2013. The performance of the index does not signify the returns of the scheme. Past performance may or may not be sustained in the future.

Index Portfolio Snapshot:

Source: Nifty Metal Factsheet. As of June 28, 2024. https://www.niftyindices.com/Factsheet/ind_nifty_metal.pdf. The sector(s)/stock(s) mentioned in this document do not constitute any recommendation of the same and ICICI Prudential Mutual Fund may or may not have any future positions in the sector(s)/stock(s).

The Nifty Metal Index is updated twice a year to reflect the sector’s performance accurately and has outperformed broader market indices since inception, as shown in the above graph, demonstrating its potential for delivering good returns.

The minimum application amount during the NFO is Rs. 1000 (plus in multiple of Re. 1).

This ETF’s benchmark is the Nifty Metal TRI, and Mr. Nishit Patel and Ms. Priya Sridhar are the fund managers of the ETF.

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MUMBAI: Invesco Mutual Fund today announced the launch of its new fund Invesco India Manufacturing Fund, (an open-ended equity scheme following a manufacturing theme).

Invesco India Manufacturing Fund seeks to generate capital appreciation and will invest 80% – 100% in equity & equity-related instruments of companies following the manufacturing theme. This fund is designed to capitalize on the tremendous growth potential within India’s manufacturing sector and will invest across market capitalization to have a well-diversified portfolio of 50 – 60 stocks. The fund will be benchmarked to Nifty India Manufacturing TRI and will be managed by the fund managers, Mr. Amit Ganatra and Mr. Dhimant Kothari.

Speaking at the launch, Amit Ganatra, Head of Equities & Fund Manager, Invesco Mutual Fund said, “The manufacturing sector stands at the cusp of a significant transformation, driven by robust domestic demand, global supply chain realignments, stable inflation and interest rates, and supportive government policies. The government is actively implementing policies, incentives, subsidies, lowering corporate tax rates, and increasing capital expenditures to position India as a global manufacturing hub. These factors collectively position India as a promising destination for manufacturing investments, poised for robust growth in the coming years.”

Amit Ganatra further said, “With a large pool of entrepreneurial talent and substantial export potential, the sector offers immense opportunities for investors. Initiatives like ‘Make in India’ and infrastructure development, along with competitive advantages in labor, energy, land, capital, and entrepreneurship will further bolster this sector.

The recent Budget 2024-25 announced by the Government provides special attention to MSMEs and manufacturing, particularly labor-intensive manufacturing, with a comprehensive package covering financing, regulatory changes, and technology support.”

The minimum investment amount during the NFO is Rs. 1,000/- and in multiples of Re. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Rs. 1 thereafter. The fund will charge an exit load of 0.50% for units redeemed/switched out on or before 3 months from the date of allotment. No exit load will be charged if units are redeemed/switched out after 3 months from the date of allotment.

The New Fund Offer (NFO) is now open for subscription from today (July 25, 2024) and will close on August 8, 2024.

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In the investment universe, PIFAA is one of the most well-known Associations of Mutual Fund Distributors (MFDs) in the country. Their initiatives to empower investors and MFDs have been exemplary and well-recognized by the industry. For more than a decade, they have worked diligently towards developing skills and technical development of MFDs. Consequently, investors have received more comprehensive interaction and guidance for their money matters.

The book ‘Striving Success Stories chronicles the journey of many of their members in the field. Apart from reflecting on their journey, the book serves as a guiding light for future financial advisors as these learned members have generously shared their learnings with the readers. The book is packed with real-life stories of members who triumphed over various odds to reach the pinnacle of success in their advisory and distribution business.

At the event, Nimesh Shah shared insights on the industry and hailed PIFAA for its illustrious efforts among the masses to popularise mutual funds as an investment product. Further, Shah said, “The true enjoyment in our job, whether in investment management or advisory, comes from creating happy customers. India’s future is bright, and as the nation continues to grow, so do the opportunities for its investors.”

He emphasized that growth is essential for survival, noting the immense potential in the Indian market and that businesses must continuously strive for growth to avoid stagnation, and the digital acquisition of customers has been highly effective in driving this growth. Shah also highlighted the keys to success, stating, “Effective risk management, continuous growth, and maintaining customer trust are paramount for success.”

Speaking at the event, Suhas Akole, one of the founding members of PIFAA, said, “Congratulations to all the winners tonight. PIFAA is proud of your accomplishments and hopes your success will inspire and motivate many others. We are delighted to have been able to share the stories of leaders in the MFD fraternity in Pune through this book, made possible with the support of ICICI Prudential AMC. We are grateful for their backing and assistance throughout the publishing journey.”

Reflecting on the book’s creation, Mr. Gaurav Jajoo, Regional Head (ROMG) at ICICI Prudential AMC, expressed his privilege in collaborating with PIFAA members. He acknowledged that many of these members have played a vital role in the evolution of the mutual fund industry. Their stories, captured in this book, stand as a testament to PIFAA’s dedication to preserving and sharing the industry’s rich history for the benefit of future members.

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MUMBAI: HDFC Asset Management Co. Ltd., the investment manager of HDFC Mutual Fund (HDFC MF) announces the launch of HDFC Manufacturing Fund. This open-ended equity scheme aims to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities. The NFO for HDFC Manufacturing Fund commences on April 26, 2024, and concludes on May 10, 2024.

India’s manufacturing sector stands at the cusp of an Amrit Kaal, a golden era, fuelled by various factors such as growing consumption, investments, and exports, coupled with changing geopolitical dynamics and the government’s push for self-reliance through reforms and incentives. The fund seeks to capitalize on these tailwinds, offering investors an opportunity to participate in the country’s transformation into a global manufacturing powerhouse.

HDFC Manufacturing Fund’s investment strategy emphasizes a core portfolio comprising at least 80% investment in stocks representing diverse sectors under the Manufacturing theme. The fund’s flexible approach allows for investments across market capitalization, offering investors exposure to a wide range of opportunities within the manufacturing landscape.

Navneet Munot, Managing Director and Chief Executive Officer of HDFC Asset Management Company Limited said, “We are delighted to introduce the HDFC Manufacturing Fund to our investors. At HDFC Mutual Fund, we have always endeavored to be a one-stop solution for varied financial goals and have delivered a wide array of opportunities through our diverse product bouquet. HDFC Manufacturing Fund becomes the latest addition to our diverse set of offerings.“

The scheme will be managed by Rakesh Sethia, Fund Manager of HDFC Manufacturing Fund, with over 19 years of experience in equity research said, “Our investment style revolves around rigorous bottom-up research aimed at identifying companies with a compelling long-term growth story. We seek to construct a portfolio that balances established industry leaders with emerging disruptors, ensuring a diverse mix of opportunities within the manufacturing sector.“

Investors can expect the fund to target both established industry leaders and emerging disruptors, aiming at a balanced portfolio with the potential for sustained growth. The fund’s investment objective is to provide long-term capital appreciation by identifying companies poised to benefit from India’s manufacturing resurgence.

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The expansion of HDFC Mutual Fund‘s branch network positions the company as one of the most accessible wealth creators in the country. The move underscores the company’s mission to be the wealth creator for every Indian and highlights its unwavering dedication to extending financial opportunities to investors across the length and breadth of the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.

HDFC AMC’s initiative aims to ensure the participation of the masses in India’s growth story through mutual funds. Presently, HDFC AMC operates through an extensive network of over 200 branches. The strategic establishment of branches at new locations is aimed at making mutual funds more accessible across the length and breadth of the vast country.

Navneet Munot, MD & CEO, HDFC AMC Ltd., spoke on the occasion, “Our mission at HDFC Mutual Fund is to become the wealth creator for every Indian. This expansion of our branch network aims to make mutual funds more accessible across the length and breadth of our vast country. We want to enable the masses to participate in India’s growth story, and HDFC Mutual Fund, with a time-tested investment philosophy, a wide array of offerings across asset classes, and catering to diverse financial goals, aims to provide investors viable investment solutions.“

HDFC Asset Management Company Limited (HDFC AMC) is an Investment Manager for HDFC Mutual Fund, one of the largest mutual funds in the country. It manages a diversified asset class mix across Equity, Hybrid, and Fixed Income. It also has a countrywide network of 252 branches along with a diversified distribution network comprising Banks, Mutual Fund Distributors, and National Distributors.

HDFC Mutual Fund‘s expansion with 24 new branches across India is a strategic move aimed at increasing the penetration of mutual funds in India and reinforcing the company’s commitment to financial inclusivity. The move positions HDFC Mutual Fund as one of the most accessible wealth creators in the country, aligning seamlessly with SEBI’s broader objective of financial inclusivity.

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The move is in line with LIC MF’s mission to strengthen and diversify its product offerings, expand its footprint, and grow its assets under management (AUM) to emerge as a leading MF house in the country. LIC MF had an AUM of Rs 18,400 Crores and IDBI MF had Rs 3,650 Crores as of June 30, 2023.

After completion of the merger, out of 20 schemes of IDBI MF, 10 schemes will be merged with similar schemes of LIC MF and the remaining 10 will be taken over by LIC MF on a standalone basis, which will take its total scheme count to 38. With this merger, investors invested in IDBI MF schemes will get access to LICMF’s diversified basket of product offerings covering Equity, Debt, Hybrid, Solution-oriented themes, ETF, and Index funds.

Commenting on the successful completion of the scheme merger, Mr. T.S. Ramakrishnan, Managing Director & CEO of LIC Mutual Fund, said “It is an important milestone in our journey as we are working towards developing our capabilities to serve as a diversified mutual fund house catering to investment needs across key markets in India. The merger complements our goal to strengthen our scheme offerings in the mid-cap, small-cap, gold fund, passive fund segments, etc. The merger will help us build a wider market presence and offer a more extensive range of product baskets. The combined strength will help us capture emerging opportunities in the thriving asset management industry and drive value for investors and distribution partners.”

He further added “Our vision is to be a trusted partner in wealth creation and a mutual fund of choice. Our track record of managing funds for over three decades has enabled us to gain the trust of investors. We will remain focused and work towards delivering long-term performance by adopting adequate risk control mechanisms.”

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As a new mutual fund investor, you must align your investments to suit your financial goal and build the required corpus. Now, you may wonder “how to become a good investor?”. The answer to the question comes down to 3 main factors. These include –

• Your investment goals
• Your investment tenure
• Your risk appetite

 Below is the mutual fund investment guide on how to be great at investing and making the most of your mutual fund investments.

1. Investment goal

Your financial goals may include retirement planning, a child’s marriage, and higher education, a down payment arrangement for a car or home loan, etc. There are various advantages to aligning your investments with your goals. These include –

• As you tend to have an attachment to your investment goals, it is easy to remain committed to your financial plan, which will allow you to accumulate the desired corpus over the long term.
• A clearly defined financial goal can help you to figure out how much you need to save or invest for a specific financial goal.
• Associating investments with financial goals can help you make the correct investment decisions i.e., opt for fixed-income instruments for short-term financial goals, choose equity investments to meet your long-term financial goals, etc.

• Investment tenure

One of the crucial aspects of financial planning is to define the investment period. Being aware of your investment tenure aids you to invest in the correct asset class. So, in the case of a long-term investment horizon, short-term volatility tends to have a slight impact on your absolute returns over the investment tenure. For meeting your long-term goals, equity can be a prudent investment choice.

Even while equity is volatile over the short term, it can recoup and enhance in value, which further provides you with the benefit of capital appreciation. In the case of short-term financial goals, you may opt for short-term debt funds as they provide capital protection with high liquidity features and offer satisfactory returns.

• Risk appetite

Risk appetite is your preference or attitude toward market investment considering your age, obligations, and investible funds. Few of you inherently are more risk averse as compared to others regardless of your age, life stage, and your financial situation. Risk tolerance even is dependent on your investment experience as an investor, i.e., if you are a new investor, then you may hold less risk appetite than any experienced investor.  

It would help if you had a diversified mutual fund portfolio forming distinct asset classes like equity, fixed income assets, etc. with distinct kinds of fund categories like mid-cap, large-cap, multi-cap, etc. Your investment in the market, as mentioned above, is based on 3 major factors – investment goals, period, and risk appetite.

Thus, it is always recommended to engage a financial planner or advisor if you are new to mutual fund investment to help you in defining your goals and understand risk potential. Based on these factors, you can choose a suitable mutual fund or market-linked scheme.

Photo by Towfiqu barbhuiya on Unsplash

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