HDFC MF

Mutual funds bet big on manufacturing: Is it time to invest?

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Mutual funds bet big on manufacturing: Is it time to invest?

MUMBAI : Sectoral and thematic funds received over ₹19,000 crore in net inflows in May, according to monthly data from the Association of Mutual Funds in India (Amfi). Nearly half of this amount went into HDFC Mutual Fund’s new fund offer (NFO) – HDFC Manufacturing Fund, which alone garnered ₹9,500 crore from investors. It’s not … Read more

MFs plan to oppose Embassy REIT’s proposal to raise ₹3,000 crore

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MFs plan to oppose Embassy REIT's proposal to raise ₹3,000 crore

Two mutual funds and an alternate investment fund, that are unitholders of Embassy Office Parks REIT (Real Estate Investment Trust), will vote against its resolution to raise ₹3,000 crore to acquire a business park in Chennai with an enterprise value of ₹1,269 crore on Monday. The grounds for opposition are that the proposed fund raise … Read more