I am 38 years old, married and planning for a child. I started saving at the age of 32, but all my savings were in Post office RDs, NSCs and PPF. On the advice of a mutual fund seller, I started three mutual fund SIPs three years ago with almost negligible knowledge about them:ICICI Prudential Value Discovery Fund- Regular (Rs. 2000 per month)Aditya Birla Sun Life Focused Equity Fund - Regular (Rs. 1000 per month)Nippon India Large Cap Fund - Regular (Rs. 2000 per month)I have also invested in debt fund: ICICI Prudential. I invested Rs 1 lakh in it.I also invested Rs 20,000 in Gold ETFs last year.My goals were to buy a new car in five years and a house in 10 years. Also, to plan for my child's education.Now after educating myself for three years, I realise I've invested only in large cap funds. I plan to be slightly more aggressive and plan to start one SIP in LIC India Large and Midcap Fund (Rs 2,000 per month) and one SIP in Invesco India Contra Fund (Rs 2,000 per month).Will this … [Read more...] about Can I add Invesco India Contra Fund to my mutual fund portfolio?
Mutual fund portfolio
Kolkata & Mumbai: Vodafone Idea has made interest and maturity payments of around Rs 2,900 crore towards non-convertible debentures (NCDs) which matured on Friday (July 10), company executives familiar with the matter told ET, signalling that it intends to ensure there are no defaults in the lead up to a critical Supreme Court hearing on the adjusted gross revenue (AGR) case in the third week of July. “Vodafone Idea has on Friday made full payment to all NCD bond-holders, including Franklin Templeton,” a top company executive told ET. Franklin Templeton MF was among the entities to have received full repayment on account of securities held in Vodafone Idea, getting Rs 1,253 crore as full and final payment for this security. Franklin Templeton had segregated these securities of Vodafone in six debt schemes in January and since these are segregated units and not part of core portfolio, money received will be paid out to unitholders in full. “The amount will be … [Read more...] about Voda Idea pays Rs 2,900 cr towards NCD maturities
China’s central bank, People's Bank of China (PBoC), offloaded some or entire stake in the country’s largest mortgage lender HDFC during the April-June quarter, showed the latest shareholding data. According to the latest data disclosed by the lender to the stock exchanges, the People’s Bank of China was not among key shareholders of the company as of June 30. However, it held 1.01 per cent stake or 1,74,92,909 shares as on March 31. As a result, the holding of foreign portfolio investors declined to 70.17 per cent in the last quarter against 70.88 in the preceding quarter ended March 31. Shareholding of mutual funds also inched lower to 9.44 per cent from 9.52 per cent earlier, data available with BSE showed on Wednesday. Shares of HDFC traded 1.33 per cent down at Rs 1,916.15 at around 9.46 am (IST), while the benchmark BSE Sensex traded 0.13 per cent lower at 36,689 at around the same time. HDFC in May posted a 21.97 per cent year-on-year (YoY) fall in … [Read more...] about People’s Bank of China sells stake in HDFC in June quarter; shares down