by Hansraj Agrawal | Aug 19, 2024 | Share Market
Last Updated : Aug 19 2024 | 6:50 PM IST
With effect from 06 September 2024
HCL Technologies announced today that its Board of Directors has appointed Shiv Walia as the Chief Financial Officer (CFO) of the Company with effect from 06 September 2024. Shiv Walia will be taking over from Prateek Aggarwal, who after serving in this role since 01 October 2018, has decided to step down to pursue opportunities outside HCLTech. Prateek will continue to be with HCLTech till 06 Sep 2024.
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First Published: Aug 19 2024 | 6:27 PM IST
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by Hansraj Agrawal | Aug 19, 2024 | Share Market
2 min read Last Updated : Aug 19 2024 | 6:29 PM IST
The sectoral and thematic fund category is now the largest active mutual fund (MF) space, with its assets under management (AUM) more than doubling in the last year. The category—considered to be the riskiest among all MF offerings as its fortunes are linked to one sector or a theme—has seen its AUM grow to Rs 4.21 trillion at the end of July from just Rs 2 trillion in July 2023.
The sharp surge in AUM, underpinned by robust collections from new fund launches and strong inflows into existing offerings, propelled the fund category to the top position on the AUM league table from 4th place a year ago.
Flexicap funds, which occupied the top position until June, are only closely behind.
Meanwhile, the midcap category, the second-largest AUM gainer in absolute terms in the last year, has surpassed largecap funds. Its AUM stood at Rs 3.8 trillion in July, as against Rs 3.6 trillion managed by largecap funds.
Smallcap funds remain in the fifth spot despite logging a 72 per cent AUM growth.
The last year has been marked by disproportionate inflows into a select few categories. Smallcap and midcap funds were raking in the lion’s share until some months back, but the momentum has shifted towards thematic funds in recent months on the back of a strong new fund offering (NFO) line-up.
In May, HDFC MF’s manufacturing fund collected Rs 9,563 crore. In June, nine new offerings raked in Rs 12,974 crore. Last month, two NFOs that closed together collected Rs 9,790 crore.
Changing preferences: Riskier offerings surge ahead |
Fund category |
AUM* (Rs trillion) |
YoY Growth (%) |
Sectoral/Thematic |
4.2 |
104 |
Flexi Cap |
4.2 |
50 |
Mid Cap |
3.8 |
65 |
Large Cap |
3.6 |
36 |
Small Cap |
3.1 |
72 |
Large & Mid Cap |
2.6 |
65 |
ELSS |
2.5 |
41 |
Value/Contra |
1.9 |
67 |
Multi Cap |
1.7 |
98 |
Focused |
1.5 |
31 |
Dividend Yield |
0.3 |
77 |
Total |
29.3 |
61 |
|
|
|
Source: Amfi |
|
|
First Published: Aug 19 2024 | 6:22 PM IST
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by Hansraj Agrawal | Aug 19, 2024 | Share Market
Last Updated : Aug 19 2024 | 6:06 PM IST
Sales decline 26.67% to Rs 0.11 crore
Net loss of Alirox Abrasives reported to Rs 0.14 crore in the quarter ended June 2024 as against net profit of Rs 0.01 crore during the previous quarter ended June 2023. Sales declined 26.67% to Rs 0.11 crore in the quarter ended June 2024 as against Rs 0.15 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales0.110.15 -27 OPM %-127.270 –PBDT-0.140 0 PBT-0.140 0 NP-0.140.01 PL
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First Published: Aug 19 2024 | 5:56 PM IST
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by Hansraj Agrawal | Aug 19, 2024 | Share Market
Last Updated : Aug 19 2024 | 6:05 PM IST
Sales rise 18.38% to Rs 7.60 crore
Net profit of Welga Foods reported to Rs 0.27 crore in the quarter ended June 2024 as against net loss of Rs 0.97 crore during the previous quarter ended June 2023. Sales rose 18.38% to Rs 7.60 crore in the quarter ended June 2024 as against Rs 6.42 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales7.606.42 18 OPM %10.26-7.17 –PBDT0.32-0.91 LP PBT0.27-0.97 LP NP0.27-0.97 LP
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First Published: Aug 19 2024 | 5:55 PM IST
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by Hansraj Agrawal | Aug 19, 2024 | Share Market
Last Updated : Aug 19 2024 | 6:05 PM IST
Sales decline 6.44% to Rs 20.47 crore
Net profit of GP Wind Jangi Pvt declined 29.13% to Rs 7.03 crore in the quarter ended June 2024 as against Rs 9.92 crore during the previous quarter ended June 2023. Sales declined 6.44% to Rs 20.47 crore in the quarter ended June 2024 as against Rs 21.88 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales20.4721.88 -6 OPM %69.5775.41 –PBDT12.5514.72 -15 PBT9.4411.60 -19 NP7.039.92 -29
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First Published: Aug 19 2024 | 5:55 PM IST
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by Hansraj Agrawal | Aug 19, 2024 | Share Market
Last Updated : Aug 19 2024 | 6:05 PM IST
Sales rise 12.51% to Rs 1318.83 crore
Net profit of Cholamandalam MS General Insurance Company rose 104.28% to Rs 133.76 crore in the quarter ended June 2024 as against Rs 65.48 crore during the previous quarter ended June 2023. Sales rose 12.51% to Rs 1318.83 crore in the quarter ended June 2024 as against Rs 1172.17 crore during the previous quarter ended June 2023.
ParticularsQuarter EndedJun. 2024Jun. 2023% Var.Sales1318.831172.17 13 OPM %13.437.47 –PBDT178.9687.75 104 PBT178.9687.75 104 NP133.7665.48 104
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First Published: Aug 19 2024 | 5:55 PM IST
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