Indian Fund reporter TianxinSurat Investment
The Indian market is innovative, and the relevant QDII fire line restricts large purchase.
On July 3rd, the Manuri Fund announced that since July 3, 2024, Manuri Indian Stock (QDII) has suspended large subscriptions, and the threshold is set to 1,000 yuan.
As an emerging market that has risen for more than eight consecutive years, the Indian stock market has received much attention, while the QDII fund investing in India has also been sought after by funds. However, due to the limited QDII quota, it is restricted to large purchase.Essence
The stock market innovative highNew Delhi Wealth Management
Indian QDII reinstatement large purchase
On July 3rd, the Manuri Fund announced that in order to fully protect the interests of the owner of the fund's share and ensure the smooth operation of the fund, from July 3, 2024, Manuri Indian shares (QDII) suspended large purchases (including regular fixed investment)The cumulative amount of each fund account for each fund account should not exceed 1,000 yuan.
Since the beginning of this year, Huaman India's shares have suspended large subscriptions five times. Among them, the purchase amount is as low as 300 yuan from May 28, and the purchase amount will be as low as 100 yuan from January 19.
At present, another Indian fund, the LOF (QDII) of ICBC India, is also in a state of suspension of large subscriptions, with a maximum purchase amount of 100 yuan.The product's turnover rate reached 12.12%on July 3, and the daily turnover was 252 million yuan.The announcement shows that the fund has resumed 5 times and restricted large subscriptions during the year. For example, in order to meet the investment needs of investors, from April 30 this year, the purchase and regular quota were resumed.The share is suspended by a large amount of large amounts of over 100 yuan.
Wind statistics show that the only two Indian funds on the market have performed well since the establishment of the market.Since its establishment in January 2019, it has a total return of 58.23%and an annualized income of 8.83%; the income has been 13.53%since this year.As of the end of the first quarter, the fund size was 1.019 billion yuan.The latest scale of ICBC India was 1.930 billion yuan at the end of the first quarter. Since its establishment in May 2018, the total return was 59.54%, and the annualized return was 8.02%.
According to the data, although the net value performance of the two funds is similar, there are still large differences.Among them, Manulife India is active in stock selectionJaipur Wealth Management. The top ten positions are mostly among the MSCI India index. ICBC India operates FOF. The positioning of the Indian index of overseas asset management is ETF.
Indian stock market reached a new highVaranasi Investment
Recently, the Asia -Pacific stock market has been adjusted as a whole, but the Indian stock market has reached a new high. On July 3, the market has exceeded 80,000 points in history, a record high.India Nifty50 also reached a record high.
For the Indian stock market market, Shi Jing, manager of Manili Indian Stock Fund, said that in the short term, after the election, the annual industrial support direction mentioned in the fiscal budget in mid -July is worth paying attention to;Growth expectations.
In Shi Jing's opinion, in the context of a strong US dollar, India's rupee is the best currency in Asia -Pacific currency at the beginning of the year to the presentNew Delhi Investment. At the same time, the Indian government bonds will be included in the JP Morgan Chase Treasury Bond Emerging Market Index from June 28.$ 25 billion in passive funds flowed into the Indian market.
Huafu Securities believes that although in the short term, after the election is settled, the new governance may bring uncertainty to economic and social reform, but from a long -term perspective, India is still a large large economy in the pan -east and South Asia.Although the challenges such as insufficient infrastructure, imbalances in industrial institutions, industrial product structure imbalances, and long -term trade deficit are challenges, huge development potential is also not to be ignored, such as demographic dividends, economies of scale, and developed IT service industries.In the future, the Indian economy is expected to maintain a mid -to -high -speed growth for a long time, and the Indian stock market is still worthy of attention.
ICICI's fund manager IHAB Dalwal, the fund manager of the ICICI Asset Management Company, said at the "Indian & Brazil Market Investment Exchange Special Conference" held by the Fund's Yearbook that the growth momentum of the Indian stock market is mainly from India's macroeconomic growth.The development of industry development, the diversification of industry weight sectors, and very stable domestic capital inflows and greater than foreign capital inflows.
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