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Tag: value

Recent performance of Value Discovery Fund due to expensive markets, says Mrinal Singh of ICICI Prudential Mutual Fund

Finance
“In value investing, patience is a prerequisite to reap gains. That is why it is important for investors to stay put with their investments whether through SIP or otherwise. As value gets unlocked investors will be beneficiaries of exponential gains from these investments,” said Mrinal Singh, Deputy CIO- Equity, ICICI Prudential Mutual Fund, in an interview to Avneet Kaur of ETMutualFunds.com.ICICI Prudential Value Discovery Fund is underperforming its benchmark in one-, three- and five-year horizons. The scheme has given -8.60 per cent in the last one year, 3.31 per cent in the three-year period and 6.27 per cent in five years. What is the reason behind the underperformance?The recent performance of ICICI Prudential Value Discovery Fund has been a function of the markets being expensive w
This company is helping pay down its employees’ student debt. ‘They are creating value for us’

This company is helping pay down its employees’ student debt. ‘They are creating value for us’

Finance
Chegg has a new plan to help its employees deal with their student loans.And its CEO wants other companies to follow Chegg's lead.The student-connected learning platform announced a new program Thursday that will give its entry- through manager-level workers up to $ 5,000 a year, if they have been with the company at least two years. Director- or vice president-level employees can get up to $ 3,000 annually to help pay down their student loan debt. "Corporations need to play a role here," Chegg CEO Dan Rosensweig told CNBC's "Closing Bell " on Thursday. "We are the beneficiaries of those people who have gotten an education — doesn't matter if it is four year or two year or even if they completed it," he added. "If they borrowed money and they are creating value for us, we want to help the
Cryptocurrencies suffer $18 billion drop in value over three days

Cryptocurrencies suffer $18 billion drop in value over three days

Finance
This was a tough week for cryptocurrencies. Bitcoin finally began to stabilize Friday, but not before the total cryptocurrency market lost $ 18 billion of its already waning value in the course of a few days. The world's largest and most widely owned digital asset began its slide Wednesday evening and fell below $ 6,200 for the first time in a month, according to data from CoinDesk. Bitcoin was mostly stable in the $ 6,200 range as of Friday afternoon but had kicked this week off well above $ 6,500, ending the week about 5 percent lower. Other cryptoc...
The Hut Group value hits £4bn amid buyout interest

The Hut Group value hits £4bn amid buyout interest

Business
The Hut Grou‎p, the online beauty retailer which is one of Britain's fastest-growing technology companies, has rejected a string of investment and takeover offers valuing it at nearly £4bn. Sky News has learnt that the privately owned business, which ‎sold a stake last year at a £2.5bn price tag, has snubbed several approaches from strategic and financial buyers in the last few months.The decision to reject the proposals underlines the confidence of The Hut Group's management in its expansion ambitions, as well as the firepower already available on its balance sheet.This week, the company will announce that it has agreed to buy Acheson & Acheson, a beauty contract manufacturer and product developer, in a deal understood to be worth between £50m and...