Anulekha Ray

Synopsis The Reserve Bank of India (RBI) has proposed to link the FX-Retail platform with Bharat Connect platform of National Payments Corporation of India (NPCI).

Name: Motilal Oswal ELSS Tax Saver Fund - Regular Plan Value Research Fund Rating: ***** Net Assets: Rs 4,073.72 crore 3-Month Returns: 2.74% 6-Month Returns: 17.36% 1-Year Returns: 54.44% 3-Year Returns: 26.14% 5-Year Returns: 23.40% Expense Ratio: 1.83%

Stock: Gulf Oil Lubricants India Research House: Sytematix Advice: Buy Stock Price: Rs 1,103 1-year Target Price: Rs 1,700 Potential Upside: 54.1% Comment: Maintain ‘buy' due to strong volume growth in lubricants aided by industrial and infrastructure segments. Also, decent profit growth guidance, low capex requirements and attractive valuations are key positives.

Name: JM Flexicap Fund Value Research Fund Rating: ***** Net Assets: Rs 4,721.61 crore 3-Month Returns: -1.86% 6-Month Returns: 18.24% 1-Year Returns: 41.58% 3-Year Returns: 27.48% 5-Year Returns: 25.26% Expense Ration: 1.81%

Over years investors end up holding investments in several MF schemes across different fund houses. These could be new fund offers, tax saver investments etc. Monitoring the performance then becomes tedious and may also lead to over-diversification. Hence, it makes sense to overhaul the portfolio by tapering this long list and right-sizing it.

Mutual fund direct plans are for investors who want to invest on their own and not through a distributor. They get the benefit of a lower expense ratio as compared to a regular plan. This lower expense ratio results in comparatively higher returns over a period of time.

Name: JM Aggressive Hybrid Fund Value Research Fund Rating: ***** Net Assets: Rs 678.92 crore 3-Month Returns: -2.7% 6-Month Returns: 12.86% 1-Year Returns: 33.19% 3-Year Returns: 23.3% 5-Year Returns: 24.81% Expense Ratio: 2.28%

UPI transaction limit change: The National Payments Corporation of India (NPCI) has increased the transaction limit for certain payments using UPI to Rs 5 lakh, making it easier for individuals who use online payments. This move aligns with India's push for a digital economy. The increased limit is likely to be effective from September 16, 2024. Check UPI transaction limits for different transactions.

If you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the latest claim settlement ratio of all insurers before finalising one. Irdai has released the claims payment details of general and health insurance companies for the financial year 2023-24. Check the latest Incurred Claim Ratio (ICR) of general and health insurers in India.

Stock: Piramal Pharma Research House: JM Financial Advice: Buy Stock Price: Rs 249 1-year Target Price: Rs 340 Potential Upside: 36.5% Comment: Initiate with ‘buy' due to the strong growth prospects of its CDMO business, led by newly commercialised molecules and expected recovery in the US biotech sector. Also, its differentiated offerings, global manufacturing presence and end-to-end capabilities are the key strongholds.