Kaustubh Belapurkar cautions investors against solely relying on past performance when selecting mutual funds, highlighting that chasing top-performing funds often leads to disappointment due to poor performance persistence. He emphasizes the significance of evaluating risk-adjusted rolling returns, SIP returns, the strength of the investment team, and the consistency of the investment process for sustained success.
Reliance Communications' shares will be closely watched after Bank of Baroda declared the company's and Anil Ambani's loan accounts as fraudulent. This classification, made under the bank's authority, relates to loans predating the company's Corporate Insolvency Resolution Process. RCom is undergoing CIRP, with a resolution plan awaiting NCLT approval, while a review of avoidance transactions is underway.
Abril Paper Tech shares debuted on the BSE SME at Rs 48.80. The IPO was subscribed 11.20 times, driven by retail investors. The company plans to use the IPO proceeds for capital expenditure and working capital. Abril Paper Tech manufactures sublimation heat transfer paper. The company's revenue rose 142% to Rs 60.91 crore.
