Highest Cash Holding Mutual Funds April 2020

Mutual Funds as provided in their KIM ( Key Information Memorandum ) that they can hold cash upto certain level as a point of time and remain invested of the rest of the amount.

As in present scenario due to Covid 19 - Corona Pandemic the equity market have fallen around 30% from the recent high levels which gives a good opportunity for the funds which are in cash to go for investment in their choice of stocks and in case pressure for redemption is seen then they need not sell their stocks to pay those who are exiting the funds.

High cash holding can be a double edged sword as if market starts to rally relentlessly then these funds miss the bus of the rally and in turn ten to give subdued return that the aggressive funds.

We have given a list of top 15 Funds in percentage of their cash holdings with our investment rating and grade return, smart investor can look few of these funds to invest in and reap the benefit of fallen down equity markets.

Fund	As % of Assets	Fund Type	Our Investment Ratings (10)	Return Grade
ICICI Prudential Focused Equity	29	Multicap	6	Medium
SBI Contra	26	Multicap	7	Medium
Indiabulls Value	22	Multicap	8	High
HDFC Retirement Saving Equity	20	Multicap	5	Low
JM Large Cap	19	Tax Saver	8	High
Parag Parikh Tax Saver	19	Tax Saver	7	Medium
Axis Small Cap	18	Small Cap	7	High
Axis Multi Cap	17	Multicap	7	Medium
Axis Blue Chip	16	Large Cap	6	Medium
Axis Mid Cap	16	Mid Cap	7	High
ICICI Prudential Retirement	15	Multicap	5	Low
Indiabulls Tax Savings	14	Tax Saver	6	Medium
Tata Small Cap	13	Small Cap	7	Medium
HDFC Small Cap	13	Small Cap	5	Low
Shriram Long Term Equity	12	Tax Saver	5	Low

Kindly share your views / query in the comment section , we shall be happy to reply to your queries.

Best Company Fixed Deposit Rates ( FD Rates ) 2020

Following are the list of companies which are offering the Fixed Deposit scheme for the retail depositors.

Company	Interest Rate %	Senior Citizen Rate %	Tensure Months	Our Investment Rating ( 10 )
Hawkins Cookers	10.5	10.75	12 to 36	10
Shriram City Union Finance	8.65	8.9	12 to 60	9
Shriram Transport Finance	8.42	8.67	12 to 60	8
Mahindra Finance	7.7	7.9	15 to 40	6
ICICI Home Finance	7.55	7.8	12 to 120	6
Bajaj Finance	7.53	7.78	12 to 60	6
PNB Housing Finance	7.4	7.65	12 to 120	6
LIC Housing Finance	7.35	7.6	12 to 60	6
HUDCO	7.3	7.55	12 to 60	5
Sundaram Finance	7.21	7.71	12 to 36	5

Our Recommendations :

• For Hawkins Cookers invest for 12 to 24 months options which may give little less returns as given above but can be a safer option.
• For General Public / Young Persons go for Hawkins Cookers for 3 Years
• For Senior Citizen they can opt for Hawkins Cookers for 1 Year or Shriram City Union Finance for 3 Years
• Do not go for the options more than three as interest rate cycle reverses every 5 years hence in banks you may get higher FD rate after 36 to 45 months as compared to present rate.
• It is not advisable to go for the company FD giving lesser rate of interest in present scenario especially less than 8 %.

Government allows partial withdrawal for NPS Subscribers

The Pension Fund Regulatory and Development Authority of India ( PFRDA ) on Friday and National Pension System ( NPS ) subscribers will now be allowed partial withdrawal for covering expenses related to treatment of Covid-19.

In a circular addressed to all stakeholders and subscribers under the nPS PFRDA said. " In view of the decision fo teh Government of India which has declared Covid-19 as pandemic, it has been decided to declare Covid-19 as a critical illness which is life threatening in nature."

The partial withdrawal shall be permitted to fulfil financial needs of the subscribers, if rquired to him / her against the request placed for partial withdrawals towards treatment of the illness of subscriber, his legally wedded spouse, children, including a legally adopted child or dependent parents, as per the regulations , PFRDA said in the circular.

India has adequate stock of virus drug Hydroxychloroquine : Govt

The government on Friday said that there is enough stock of hydroxychloroquine in the country and it is taking all steps to ensure that there is not shortage of the drug in the domestic market. India is the biggest manufacturer of the anti - malarial drug that is being touted as "game changer" in teh fight against the Covid-19 pandemic. ( Source Mint )

Meanwhile government has asked the pharma companies to ram up the production of the hydroxychloroquine so that there is no shortage of the drug in the country as well as if demand comes from other countries facing he Coroan Pandemic.

The above news is very much positive for Indian Pharma companies especially IPCA Labs.

Hence one can buy IPCA Labs at CMP of 1,600/- for target of 2300 by December 2020.