HYDERABAD, WEDNESDAY, SEPTEMBER 21, 2022 FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM READ TO LEAD VOL XIX 123, 16 PAGES, `10.00 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , H Y D E R A B A D , K O C H I , K O L K ATA , L U C K N O W, M U M B A I , N E W D E L H I , P U N E SENSEX: 59,719.74 ▲ 578.51 NIFTY: 17,816.25 ▲ 194 NIKKEI 225: 27,688.42 ▲ 120.77 HANG SENG: 18,781.42 ▲ 215.45 `/$: 79.76 ▲ 0.02 `/€: 79.82 ▼ 0.28 BRENT: $90.25 ▼ $1.75 GOLD: `49,236 ▲ `54 MOVE 'FOR BENEFIT OF CERTAIN LENDERS' Adani pledges $13-bn Ambuja, ACC shares FE BUREAU New Delhi, September 20 Ambuja Cements DAYS AFTER COMPLETING its $6.5-billion acquisition of Ambuja Cements and ACC and chalkingoutplanstodoublethe cement-makingcapacityto140 million tonne in the next five years,Adani Group has pledged shares of the two companies valued at $13 billion based on Monday’s closing price. Accordingtoseparatefilings madetothestockexchangeson TuesdaybyDeutscheBankAG’s Hong Kong branch,about 57% of ACC and 63% of Ambuja Cementshavebeenpledged“for the benefit of certain lenders 595 578.00 574.10 585 575 565 Previous close: 564.95 555 Open Close Intra-day on BSE (`), Sept 20 Intra-day on BSE (`), Sept 20 2,780 2,675.05 2,725.70 2,750 2,720 2,690 2,660 Previous close: 2,643.00 2,630 Open Close and otherfinanceparties”. EndeavourTradeandInvestment and Xcent Trade and Investmentareentitieslinkedto Honda to roll out electric moped first, then e-scooter NOTWILLINGTO cede ground to competition,HondaMotorcycleandScooter India (HMSI) is working to introduce two different categories of electric twowheelers which will cater to distinct buyers who are expected to migrate to electrified mobilityin the nearfuture. The Japanese motorcycle heavyweight will make its debut in the space with the likely launch of an electric moped(EM)beforemovingtoanelectric scooter in later stages. According to Honda, an EM is a vehicle whose top speed is limited to 50 km an hour,while othershavingspeedhigherthanthatare classifiedas an electricvehicle (EV). A top company official said Honda has moved from the product planning stage to the actual developmental Our first priority would be EM, the moped class, because a market exists for them and then EV...Some new battery safety regulations have come, that’s why we need some time (for the launch). —ATSUSHI OGATA, MD & CEO, HMSI stage.About10daysago,several Japanese engineerswho specialise in electric components visited the country to meet select suppliers to consider the final product concept. HDFC FLEXI CAP FUND Continued on Page 2 ^SIP since inception* of `10,000 invested systematically on the first business day of every month (total investment ` 33.20 lakh) in HDFC Flexi Cap Fund would have grown to ~ ` 11.99 crore by August 30, 2022 (refer below table). SIP Performance - Regular Plan - Growth Option Since Inception* Total Amount Invested (` ‘000) Mkt Value as on August 30, 2022 (` ‘000) 15 year SIP 10 year SIP 5 year SIP 3 year SIP 1 year SIP 3,320.00 SIP Investments 1,800.00 1,200.00 600.00 360.00 120.00 1 19,906.86 6,020.35 2,681.35 957 .46 541.33 132.47 Returns (%) 20.85 14.73 15.36 18.78 28.44 19.92 Benchmark Returns (%)# 15.00 13.56 14.96 17.27 23.53 10.09 Additional Benchmark Returns(%)## 13.90 12.95 14.16 16.45 21.13 8.74 CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return) for Regular Plan - Growth Option. The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. SIP - Systematic Investment Plan. Performance - Regular Plan - Growth Option Period Scheme Returns (%) NAV as at August 30, 2022 ` 1,095.724 (per unit) Scheme Additional Benchmark Benchmark Returns (%)# Returns (%)## Value of investment of (`) 10,000 Scheme Benchmark Additional (`) (`)# Benchmark (`)## Last 1 Year 18.30 6.68 5.14 1 1,824 10,666 10,513 Last 3 Years 20.74 20.83 18.63 17 ,612 17 ,652 16,701 Last 5 Years 13.24 13.31 13.78 18,625 18,682 19,071 Since Inception* 18.49 12.12 1 1.55 1,095,724 237 ,404 206,186 The Scheme is managed by Ms. Roshi Jain since July 29, 2022. #NIFTY 500 (Total Returns Index). ##NIFTY 50 (Total Returns Index). As NIFTY 50 TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of NIFTY 50 PRI values from January 1, 1995 to June 29, 1999 and TRI values since June 30, 1999. *Inception Date: January 1, 1995. Since Inception Date = Date of First allotment in the Scheme/Plan. Performance of Other Funds Managed by Ms. Roshi Jain, Fund Manager of HDFC Flexi Cap Fund (who manages total 3 schemes) Managing Scheme since Scheme HDFC Focused 30 Fund Returns (%) as on August 30, 2022 Last 1 year (%) Last 3 years (%) Last 5 years (%) January 13, 2022 HDFC TaxSaver Benchmark - NIFTY 500 (Total Returns Index) 21.38 10.46 20.83 13.31 12.27 18.34 9.49 6.68 January 13, 2022 22.08 6.68 Benchmark - NIFTY 500 (Total Returns Index) 20.83 13.31 Common notes for all the above tables: Past performance may or may not be sustained in the future. Returns greater than 1 year period are Compounded Annualised (CAGR). Load is not taken into consideration for computation of above performance(s). Different plans viz. Regular Plan and Direct Plan have different expense structure. The expenses of the Direct Plan under the scheme will be lower to the extent of the distribution expenses/commission charged in the Regular Plan. The above returns are of Regular Plan - Growth Option. Returns as on August 30,2022. RISKOMETER# HDFC Flexi Cap Fund (An Open-ended Dynamic Equity scheme Investing Across Large Cap, Mid Cap & Small Cap Stocks) is suitable for investors who are seeking*: Modera oderate High tely to te M Hi w era Very High To generate long-term capital appreciation / income gh Mo Lo d SWARAJ BAGGONKAR Mumbai, September 20 Low YES BANK on Tuesday said its board has approved JC Flowers ARC as the winner of the Swiss Challenge process, reports fe Bureau in Mumbai. Earlier, the bank had declared JC Flowers ARC as the base bidder for proposed sale of an identified stressed loan portfolio aggregating to up to `48,000 crore and used the bid as a base bid to conduct a transparent bidding process on the basis of a Swiss Challenge. Continued on Page 2 ■ Cement sector set for next wave of consolidation, P4 Investments predominantly in equity & equity-related instruments RISKOMETER Investors understand that their principal will be at very high risk *Investors should consult their ﬁnancial advisers, if in doubt about whether the product is suitable for them. #For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com Name and Riskometer of Benchmark Name of Scheme(s) Riskometer of the Scheme(s) NIFTY 500 (Total Returns Index) HDFC Flexi Cap Fund gh HDFC Focused 30 Fund RISKOMETER Very High Very High HDFC Taxsaver Modera oderate High tely to te M Hi w era gh Modera oderate High tely to te M Hi w era Mo Lo d Yes Bank: JC Flowers ARC wins Swiss Challenge A SIP of ` 10,000 invested since inception in HDFC Flexi Cap Fund would be ~ ` 11.99 crore today^ Low THE RESERVE Bank of India on Tuesday said Central Bank of India has been taken out of the prompt corrective action (PCA) framework, subject to specific conditions, reports fe Bureau in Mumbai. The Mumbaibased lender was the last bank that remained under the regulator’s quarantine framework for weak banks after the asset quality review of 2015-16. ■ PAGE 9 WEALTH CREATION Mo Lo d Central Bank last to exit RBI’s PCA framework Adani Group and are part of the agreements under which the shares have been pledged. In August, Endeavour Trade had SOUND INVESTMENT + TIME + PATIENCE = Low ACC receivedtheCompetitionCommission’s nod for acquisition of stakeinHolderindInvestments, a Mauritius-based holding companyofHolcim’sIndiaunit. Aftercompletingtheacquisitionofthetwocementsfirms last week,Adani Group chairmanGautamAdanisaidhesaw a multifold rise in cement demand in the country on the back of record-breaking economic growth and the government’s infrastructure creation push, which will give significant margin expansion. RISKOMETER Investors understand that their principal will be at very high risk Benchmark and Scheme Riskometer as on August 31, 2022 Mutual Fund investments are subject to market risks, read all scheme related documents carefully. HYDERABAD
The Financial Express (FE) is a business paper that’s closest to the people who are in the business of business. From business policies to market trends to new developments, The Financial Express comes packed with incisive news on every relevant issue.