stock exchange

DSPML Opportunities Fund: Invest

DSPML Opportunities Fund is a good option for investors looking to capitalise on themes or sectors with high growth potential.

The fund's mandate offers it the flexibility to take concentrated bets on a few sectors with potential to outperform the market.

The fund is a better option than other theme-based funds as it can switch between themes and opt for a combination, based on the market trends. Unlike HSBC Opportunities and Kotak Opportunities, both of which are flexi-cap funds, DSPML Opportunities primarily invests in large-cap stocks.

Its exposure to stocks with a market capitalisation of less than Rs 5,000 crore was restricted to 20 per cent of its assets in the past year.

Suitability: Given that it can take focussed exposures, the fund is better suited to investors with a high-risk appetite.

foreign exchange rates

NT$ falls to 1-month low on outflow

Taiwan's dollar yesterday weakened to a one-month low on concern overseas investors will cut holdings of stocks and traders will borrow the currency to invest in higher-yielding assets.

Fund managers outside of Taiwan sold more equities than they bought for nine straight days, the longest period since May 26, according to stock exchange data. The local dollar also extended last week's 0.3 percent slide on speculation investors will use the Taiwan dollar as a funding currency for so-called carry trades.

"Persistent outflows are going to be a factor for the currency," said Steven Chang, global markets vice president in Hong Kong at State Street Bank & Trust Co. "Investors will also resume the carry and that's a negative for the Taiwan dollar currency too."

The Taiwan dollar dropped 0.2 percent to NT$33.029 at 4 p.m.