Portfolio Management Services (PMS) offer structural advantages over mutual funds, including concentrated portfolios, significant cash holdings, and investments in illiquid micro-cap companies. While mutual funds have evolved, PMS can provide unique access to niche themes and customized strategies, but investors must be aware of capacity limits and exclusivity traps.
SpaceX's upcoming IPO is generating significant buzz, but experts advise caution for individual investors. Alternative investment avenues include mutual funds and ETFs, which offer diversified exposure to SpaceX and other anticipated IPOs like Anthropic and OpenAI, mitigating the risks associated with direct IPO purchases.
The UK Financial Conduct Authority (FCA) is proposing a rule allowing UCITS and most non-UCITS retail schemes to hold crypto exchange-traded notes (ETNs) up to 10% of scheme property. This move aims to integrate crypto exposure into regulated fund structures, offering a capped route for diversified portfolios while direct crypto holdings remain excluded.
Foreign investors are significantly reducing their stake in Indian equities, with FII ownership hitting a multi-year low. Concurrently, domestic institutional investors, particularly mutual funds fueled by SIPs, are increasing their holdings, absorbing much of the foreign selling and reshaping market ownership.
Mutual funds boosted their holdings in new-age companies during the March quarter, even as share prices and portfolio values declined. This move by domestic institutional investors signals confidence in the long-term prospects of listed companies, contrasting with foreign investors divesting Indian equities.
Mutual funds increased stakes in Indian new-age companies like Zomato, Paytm during March quarter despite 17-22% price drops. Domestic institutional investors showed confidence in listed peers' long-term business models as foreign investors exited Indian equities amid global macroeconomic headwinds.
