The Reliance arm is India’s biggest brick-and-mortar retail business and its footprint spans across 11,806 retail stores in over 7,000 towns with 28.7 million sq ft of retail space. Reliance Retail, founded in 2006, said in end August that it would buy the retail and logistics businesses of Kishore Biyani’s Future Group in a deal valued at $3.38 billion, including debt. … [Read more...] about PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore
Collective investment schemes control act
Since the scheme’s debt component would be restricted to just 35 percent, it would be managed conservatively, says Dinesh Ahuja, debt fund manager for the fund. “We will stick to high-quality AAA-rated names, and if there is a potential to generate alpha in AA or AA-plus rated corporate bonds, we would consider high-quality names in that segment,” he says. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
That India’s healthcare system is appalling, despite the undiluted commitment of its frontline and overworked medical staff battling all odds, is hardly saying anything new. What may appear to be shocking is that in the wake of the Wuhan outbreak, the government failed to sufficiently invest in COVID testing kits and protective gear for medical personnel. There was ample time to do so, but somehow the government lost an opportunity. Prime Minister Narendra Modi has sounded the alarm bugle and as the Sunday evening utensil-beating revealed, the people have become alive to the imminent danger that the pandemic poses. However, there is ample evidence that tells us that India’s carefree society is entirely capable of thumbing its nose at what the world considers standard health practices. The tamashas on Sunday evening – from Kolkata to Mumbai – demonstrated that the more things change, the more they remain the same. Add to it factors that can welcome the … [Read more...] about Coronavirus pandemic: India’s measly investment in healthcare may come back to haunt it
What doesn’t workPortfolio concentration can also come to haunt investors, if stock calls don’t work as is expected. Investor returns can see sharp erosion if a large bet of a fund manager runs into any trouble. The factors for a sharp fall in price of a stock can range from weak financials, selling by a large institutional investor or a corporate governance issue. To be sure, the fund house would look to minimise such challenges through its risk management processes. … [Read more...] about Invesco India Focused 20 Equity NFO: Should you invest?
"Coronavirus still poses a significant threat but recent visibility of the COVID vaccine provides confidence to the market. We expect the high quality of beaten-down stocks would out-perform the largecap stocks," said Amarjeet Maurya, AVP - Mid Caps, Angel Broking. … [Read more...] about About 80% PMS schemes outperformed Nifty in August, rise up to 25% MoM