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86% equity mutual funds outperform their benchmarks in November
Around 86% equity mutual funds have outperformed their respective benchmarks in November, an analysis of performance of equity mutual funds and their respective benchmarks showed. There were around 277 equity mutual funds in the said period and 237 funds have managed to beat their benchmarks in the mentioned period. In other words, around 40 equity mutual funds failed to beat their benchmarks in November.The contra funds had the highest percentage of outperformance. All three schemes in the category have outperformed their benchmarks in November. The small cap funds had a percentage of outperformance of around 96% in the mentioned period. Out of 28 funds in the category, 27 schemes outperformed their respective benchmarks in November.<iframe title="Equity Mutual Funds: Outperformance in November" aria-label="Split Bars" id="datawrapper-chart-VAhcl" src="https://et-infographics.indiatimes.com/graphs/VAhcl/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="358" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}();</script>Also Read | Equity MFs offer between -6% & 14% returns in Nov. How much have you earned?The flexi cap funds had a percentage of outperformance of around 90%, followed by ELSS or tax-saving funds which had a percentage of outperformance of around 87%.Out of 28 multi cap funds, 24 funds outperformed their benchmarks in November indicating a percentage of outperformance of around 86%. The large cap and large & mid cap funds had a percentage of outperformance of 84% each.Out of 29 mid cap schemes present in the mentioned period, 24 schemes managed to beat their respective benchmarks. The category had an outperformance percentage of around 83%.The focused funds had a percentage of outperformance of 82%. There were around 28 focused funds in the market in the mentioned period, out of which 23 schemes outperformed their respective benchmarks.Also Read | What is the Sharpe ratio in mutual funds?Value funds had an outperformance score of 70% in November. Out of 20 value funds, 14 funds outperformed their benchmarks in the said period. We considered all equity categories such as large cap, mid cap, large & mid cap, small cap, multi cap, ELSS, flexi cap, focused fund, value and contra funds. We considered regular and growth options. We calculated the performance from November 1 to November 28.Note, the above exercise is not a recommendation. The exercise was done to find how many equity mutual funds managed to outperform their respective benchmarks in November.One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making any investment decisions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
Categories: Business News
NSE changes monthly expiry days for Nifty Bank, 3 other F&O contracts to Thursday
Following the scrapping of weekly contracts of Nifty Bank, FinNifty, Nifty Midcap Select and Nifty Next50, the National Stock Exchange (NSE) has changed the monthly expiry days of all the 4 F&O contracts to Thursday with effect from January 1.Under the current set-up, Nifty Bank monthly and quarterly contracts expire on the last Wednesday of the month while for Fin Nifty it is Tuesday. Nifty Midcap Select contracts expire on Mondays and Nifty Next50 on Fridays."There is no change in expiry day for Nifty monthly, weekly, quarterly & half yearly contracts. The circular shall come into effect from EOD of January 01, 2025 i.e. Expiry day for all existing contracts will be revised to “New Expiry Day” on January 01, 2025 (EOD)," NSE said in a circular.Revised expiry date of all existing index derivatives contracts shall be available in the contract file which shall be generated on January 1, 2025 end of the day which shall be applicable for trading on January 2,2025, the bourse said.Also read | Nifty Bank bids farewell to weekly expiries from today. So no more F&O losses?Earlier in the week, BSE shifted the monthly expiries of Sensex, Bankex and Sensex50 to last Tuesday of every month from January 1, 2025. The weekly contracts of Sensex will also expire on Tuesday as against the existing Friday expiry.With effect from November 20, both BSE and NSE have discontinued weekly options contracts of all index derivative products barring those of Sensex and Nifty.To solve the problem of excessive trading in index derivatives on expiry day, Sebi asked bourses to choose one index derivative product each for weekly expiry contracts.Also read | BSE revises monthly expiry day for Sensex, Bankex & Sensex 50 to last Tuesday
Categories: Business News
Sambhal: No outsiders till December 10
Categories: Business News
Luxe hotels dialling up the experience factor
Rajesh Pachisia stayed at the Ronil Goa-JdV by Hyatt hotel earlier this year and is planning another trip in the next two months. "I was there for a reunion and we were dancing around the pool and swimming till 1 am. Where else in Goa can you do that? From checking in at the bar to breakfasts at your own pace, the hospitality encompasses everything here," said the financial services professional. Luxury and lifestyle hotel brands in India are upending existing concepts to deliver bespoke services to guests.At the newly launched Arq at Pichola, a set of villas within The Leela Palace Udaipur, all guests get their own personal chefs, mixologists and baristas. The emphasis is on "hyper personalisation" as the attempt has been to create a "palace within a palace", said Shweta Jain, chief marketing and sales officer at The Leela Palaces, Hotels and Resorts."These services can range from personalised amenities to having a mixologist on call to ordering breakfast at 4 pm to having your own personal masseuse," she said. "Our insights were based on feedback that more and more people travelling for leisure want indulgences and immersive experiences."Hyatt conducted empathy interviews with Goa regulars to understand the gaps and identify opportunities before launching Ronil Goa-JdV by Hyatt this year, said general manager Pratiti Rajpal. JdV is short for Joie de Vivre, Hyatt's boutique brand. Genealogy Sessions | page 10 "We got a lot of feedback from travellers on hotels being restrictive, and we went back to the drawing board. So, an experience manager calls guests before their arrival at the hotel, and check-in and check-out happens at the bar. Our pool is open till 1 am and there is a DJ host on the move who meets guests and ensures the music is matching the vibe of the resort," she said. "Guests can choose from a range of on-site and off-site experiences such as barbeque by the pool, a movie night at the garden, drunches and bar marathons, and upscale shopping excursions."At the Taj Hotel & Convention Centre, Agra, which is going through a makeover, apart from the butler service for about 90 rooms, new curated offerings will include room scents that can be tailored beforehand. Also available are private candlelight dinners at Taj Khema, an area close to the Taj Mahal and hired out by the government for events such as weddings, that could cost around $2,500."We are looking at positioning the hotel in a more luxurious way. Mehtab Bagh, that's outside the Taj Mahal, is another beautiful setting and we are in touch with authorities to curate some things there for our guests," said Paritosh Ladhani, joint MD of Sincere Developers, which owns the property.
Categories: Business News