UTI Mutual Fund

Goldman, Morgan Stanley among top investors in $1 billion Vedanta QIP

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Goldman, Morgan Stanley among top investors in $1 billion Vedanta QIP

Mining conglomerate Vedanta Limited raised ₹8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of ₹440 per share, according to a stock exchange filing by the company. The issue, which closed on July 19, implied a discount of 4.61 per cent to the floor … Read more

Meet the champions of momentum investing who beat competition in post-covid bull market

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Meet the champions of momentum investing who beat competition in post-covid bull market

In this environment, Deepak Shenoy, founder and CEO of Capitalmind, launched a momentum strategy in his portfolio management service (PMS). In May 2020, he published a whitepaper showing that even the simplest momentum strategies had beaten the broader market since 2000. Momentum investing broadly involves buying the fastest-rising stocks in the hope they will continue … Read more