Gold Rate Rises In India: Check 22 Carat Price In Your City On May 16
Gold Rate Today In India: On May 16, the cost of 10 grams of gold held firm, hovering around Rs 72,000. Pure 24-carat gold was valued at Rs 73,260 per 10 grams, with 22-carat gold maintaining its price at about Rs 67,160. In contrast, the silver market witnessed an upward, going to Rs 87,700 per kilogram.Gold rate today in India: Retail gold price on May 16Check gold rates today in different cities on May 16, 2024; (In Rs/10 grams)City22 Carat...
2024-05-16T04:20:12Z
Top 10 AIFs in April: A9 Finsight and Samvitti Capital take first 2 spots
The top 10 Category III Alternative Investment Funds (AIFs) have given returns of 9-19 percent in April. The first one on the list is A9 Finsight's Finavenue Growth Fund which has given returns of 19.26 percent in April. It was followed by Samvitti Capital's Alpha Fund with 12.46 percent returns and Dalal and Brocha Stock Broking's India Opportunities Multi-cap Fund with 11.4 percent returns. A9 Finsight Finavenue Growth Fund is a category III long-only fund. It is managed by Abhishek Jaiswal and was started in July 2023. The fund's top five sector holdings include steel and metal, engineering, mining and mineral products, infrastructure, and IT software. Samvitti Capital's Alpha Fund is a category III long-only fund. The fund was started in November 2015. The fund targets returns by exploiting opportunities and utilizing the leverage provided in futures and options to build a portfolio of simultaneous long and short positions. Dalal and Broacha's India Opportunities Multicap Fund was started in December 2019. It is a Category III long-only fund. Rational Equity Trust's Flagship Fund is a category III long-only fund. It is managed by Krish Iyer and has over Rs 75 crore of assets under management. The fund is sector agnostic and has a high skin-in-the-game of more than 50 percent of the AUM. The fund invests in companies with good business models with low or no debt. It also prefers companies that are run by a smart management who they call 'intelligent fanatics'. First Water Capital Fund is a category III long only fund. Its focus is on intrinsic value maximization of a portfolio level rather than just market value of individual names. To enhance returns, the fund reviews risk-reward of each stock and redeploys capital over the fund life. The fund was started in August 2020. Its top five sector holdings are chemicals, oil and gas, construction, steel and infrastructure ancillaries. Ampersand Capital Trust's Growth Opportunities Fund Scheme is a long-only fund. It has an AUM of Rs 591 crore and was started in September 2017. The fund has a portfolio of 30-35 stocks and is market cap agnostic. It identifies sectors on the cusp of a multi-year up cycle, driven by macro themes like rising quality of life, jobs and consumption. InCred Asset Management's India Value and Growth Fund is a category III long-only fund and has an AUM of Rs 79 crore. The fund has a portfolio of 25 stocks and aims to generate long-term capital appreciation by investing in growth companies across market cap. It mainly invests in auto and auto ancillaries, financials, consumer, healthcare, and manufacturing. Alchemy Capital Management's Emerging Leaders of Tomorrow Fund is a category III long-only fund with an AUM of Rs 1,161 crore. It is managed by Hiren Ved, the co-founder and chief investment officer of Alchemy Capital. The fund was started in October 2022. Carnelian Asset Management and Advisors' Structural Shift Fund is a long-only category III AIF. The fund invests in opportunities in midcap and smallcap space. Alchemy Capital Management's Emerging Leaders of Tomorrow Fund 2 is a category III long-only fund with an AUM of Rs 292 crore. It is managed by Hiren Ved, the co-founder and chief investment officer of Alchemy Capital. The fund was started in March 2033.
2024-05-16T13:18:06Z