An easy way to identifying the best fund to meet your financial objectives, achieving them and building wealth.
The genesis of this study was a conversation between Outlook Money, an investor-centric magazine and ‘Value Research’, one of the oldest and best mutual fund tracking company in the country. The need of the hour for every investor or potential investor is to know which financial instrument to put their money into to achieve their financial goal. So, when we set out, we identified three broad investor needs—stable returns, growth and income. The next step was to look for funds that have been in existence for a long period of time and have proven themselves time and again.
With basic objective in place, we did what we are best at—cut the noise. So, out went fund classification as defined by the mutual fund industry: large-cap, multi-cap, small-cap and so on. We also looked for funds as regular SIP investment vehicle, with a 5-year investment timeframe and identified regular plans, so over time, evolved investors could invest through the direct mode and earn a higher return purely because of low expense ratio in case of direct plans. The final selection is a set of 22 schemes which should address the needs of every investor type at any given point.
This story is from the September 2016 edition of Outlook Money.
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This story is from the September 2016 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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The life insurance market in India has recorded a consistent premium growth over the years, but insurance penetration is yet to reach the desired level. Quite in line, HDFC Life Insurance has shown a growth of 5 per cent year-on-year in its total annual premium equivalent in the nine months until December 2023 and has grown on other parameters as well. Its assets under management (AUM) went up 20 per cent, while it recorded a net profit of 16 per cent y-o-y, in the period. Even in terms of penetration, the company’s growth in Tier II and Tier II cities are positive. Vibha Padalkar, managing director and chief executive officer of HDFC Life Insurance shared the secret sauce for the growth in a conversation with Nidhi Sinha, editor, Outlook Money, talked about the challenges the insurance industry faces, and the road ahead in view of recent regulatory proposals. Edited excerpts:
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