ICICI Pru bluechip returns better than Nifty in every phase
For any long-term retail investor, one of the funds which should be a part of core portfolio is a large cap fund. This is essential as large cap companies are better placed in terms of their financial performance, even during the turbulent times and otherwise. The performance of large cap companies in recent quarter (March 2018), once again proves their resilience in terms of earnings, even during the most disruptive times. As a result, large cap companies tend to provide stable returns with lower portfolio volatility. In the mutual fund large cap universe, the one scheme that has performed well over the past three-year and five-year periods with respect to its benchmark (Nifty 50) is ICICI Prudential Bluechip Fund. Post SEBI Scheme reclassification, the only aspect which has changed for this Fund is the change in its name from ICICI Prudential Focused Blue Chip Fund to ICICI Prudential Bluechip Fund. The scheme manages assets worth Rs 16,102 crore, as on March 31, 2018. The fund emerges as a long-term solution for wealth creation as it seeks to adopt ‘buy & hold' approach in large-cap companies with a proven track record, quality management and good growth potential. Hence, nearly 90% of its portfolio consists of large companies. The fund cherry-picks high-conviction bets. It has a compact portfolio, with 50-55 stocks in recent times.
Innovations in home products to reach new levels in HGH India 2018
HGH India 2018, India's leading annual trade show for Home Textiles, Home Décor,Gifts and Houseware is all set to bring Indian and International brands, manufacturers and Distribution partners together from July 3 to 5 at the Bombay Exhibition Centre,Mumbai. The trade show provides a focused marketing platform for designer,branded and mass produced goods, enabling the sellers to reach out to retailers, distributors and institutional buyers across India. The products range will be across all categories like home textiles, furnishing fabrics, home décor products like wall papers, blinds, rugs and floor coverings, fragrances, spa products, handicrafts; houseware products like cookware, tableware, kitchenware, kitchen appliances, cleaning, health and hygiene, storage and outdoor products and a variety of innovative gift products.
cwc signs MoU with Ministry of Consumer Affairs
Central Warehousing Corporation signed the Memorandum of Understanding (MoU) for the year 2018-19 with the Ministry of Consumer Affairs, Food and Public Distribution, Department of Food and Public Distribution, Government of India on May 10, 2018. Ravi Kant, IAS, Secretary, Department of Food and Public Distribution and J.S.Kaushal, Managing Director, CWC signed the MoU. On this occasion, E.K. Manjhi, Joint Secretary (Storage), senior officials of the Ministry including Director (Finance) and Group General Manager (Finance and Accounts), CWC were also present.
KVIC distributes bee-boxes among SC/ST villagers in HP
Following Prime Minister Narendra Modi’s call for ‘Sweet Revolution’, the Khadi and Village Industries Commission (KVIC) reaches remotest part of India on May 10, when KVIC distributes 200 bee-boxes among the 50 SC/ST families of Morang village in Kinnaur district (Himachal Pradesh) under its ambitious ‘Honey Mission’ project. Morang, at a height of 6,000 feet from the sea-level, is believed to be one of the remotest villages in Himachal Pradesh, with limited resources of transportation amenities.While distributing the bee-boxes, the KVIC Chairman Vinai Kumar Saxena said that a sizeable amount of Rs 6 crore had also been remarked keeping in mind a target for training 1500 persons for bee-keeping and supply of 1.5 lakh modern bee-boxes (bee hives) with live bee colonies in 21 states. “KVIC stands focused to realize each one of them so that the coming generations of our nation enjoy a sweet Indian dream which right now lies in each one of our eyes. This initiative from KVIC will certainly increase the yield as well as quality of horticulture and floriculture in and around this area – which is famous for producing the best qualities of apple and chilgoza in the world,” he said, adding, “An innovative scheme like Beekeeping would surely bring a new light to the stage; what is required now is a barrage of cohesive and innovative action plan, with a motive to implement them at the earliest.”