Top 10 Company To Invest In Stock – Muslims in India are increasingly interested in halal investments and halal stocks because they want to participate in the capital market. However, they hesitate because they want to avoid investing in non-Sharia compliant stocks.
Fortunately, there are many Sharia-compliant stocks listed on the Indian stock market, creating opportunities for Muslim investors to diversify their investments. According to data analyzed by Musaffa, 35% of Indian stocks are Sharia-compliant. We list 15 Halal stocks in India based on their market cap.
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Musaffa follows the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) methodology for auditing shares. Musaffa’s excellent financial analysts analyze all publicly available information, including annual and quarterly reports, company websites, company presentations, press releases and more, to produce accurate and comprehensive reports for each listed company.
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Once the stock has been categorized as Shariah Compliant, we divide the realm of Halal stocks into five groups and rank them from 1 to 5. In other words, a score of 1 means the stock has the lowest level of Shariah Compliant status, while a score of 5 means the highest.
This rating system makes it easier for Muslim investors to invest in halal stocks. The higher the rating, the more confident investors are to invest because the stock will not become halal in the near future. On the other hand, a stock with a score of 1 can change its status to non-halal if the company has more non-Shariah compliant results and debts, assets or securities disclosed in the company’s new report.
If you are interested to know more about Shariah Compliant Status of Indian Stocks then join Musaffa.com for FREE. Alphabet, Tesla and Amazon are among the preferred stocks held by US-focused funds. Here are the top 10 stocks Out of the 48 international funds that Indian investors can invest in, 12 invest in the US market. Most of them invest in technology companies listed on the US market.
Retail investors in India now have the option to buy US stocks directly. Both BSE and NSE have announced to introduce trading platforms in select US stocks for Indian investors. Currently, several brokers facilitate Indian investors to buy and sell US stocks through relationships with US brokers. However, the mutual fund route has become a viable way of exposure to US stocks for Indian investors. There are currently 12 funds that invest primarily in US equities either directly or through fund routes. It scores on many metrics, including lower fees and professional management. The US stock market has become one of the most developed markets in the world. These funds help Indian investors to buy shares in companies that are not otherwise available in India. An allocation to foreign stocks also provides geographic diversification and a hedge against the US dollar. Here is a list of the top 10 stocks in this US-focused fund. Portfolio data per 31 July 2021.
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The Motilal Oswal Nasdaq 100 ETF (MON100) is a passive exchange-traded fund (ETF) that invests in the constituents of the NASDAQ-100 index. It manages the largest asset size of Rs 4,746 crore (as on July 31, 2021) among US-focused funds. The fund house also offers a fund of funds (FoF) that primarily invests in MON100. The Nasdaq 100 index includes 100 of the largest non-financial companies listed on the Nasdaq exchange by market capitalization. It reflects companies across computer hardware and software, telecommunications, retail/wholesale and biotechnology. Over the past 10 years, the MON100 has delivered a compound annual return (CAGR) of 28%. Another fund ‘NASDAQ 100 FOF Box’ invests in foreign ETF Ishares Nasdaq 100 ETF.
Franklin India Feeder – Franklin U.S. Opportunities Fund (FIF-FUSOF) is a FoF that invests in mutual fund shares abroad – Franklin U.S. Opportunity fund (main fund). FIF-FUSOF was launched in February 2012 and has delivered a CAGR of 20% since launch. The underlying fund invests mainly in the US (95%), also has stocks listed in the UK (1.7%), Canada (1.2%) and China (0.6%). However, it is more weighted in technology stocks (about 42%).
The Motilal Oswal S&P 500 Index Fund is a passively managed index fund that tracks the world’s largest S&P 500 index. This index invests in the top 500 companies listed in the US and covers approximately 80% of the available market capitalization. Over the last 10 years, it has delivered a CAGR of 20% (in INR terms).
Edelweiss US Technology Equity FOF is a fund that invests in the underlying fund -JPMorgan US Technology Fund. It is an industry fund that invests in current technological megatrends such as cloud computing, artificial intelligence, OTT, e-payments, autonomous cars, etc.
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ICICI Prudential US Bluechip Equity Fund invests in high quality securities of companies listed on US stock exchanges. It is comparable to the S&P 500. It has a diversified portfolio of about 47 stocks across all sectors. It was launched in July 2012 and since its launch has delivered a CAGR of 18%.
SBI International Access – US Equity FoF is a fund that invests in shares of US Pilot Fund AMUNDI Fund -12 USD C that primarily invests in US securities. It has a diverse portfolio.
Mirae Asset NYSE FANG+ ETF (MAFANG) is a passively managed ETF that closely tracks the NYSE FANG+ index. The NYSE FANG+ Index is an equal dollar-weighted index designed to represent the technology and consumer goods sectors consisting of 10 highly traded US growth stocks, technology and technology companies. Launched in May 2021. The fund house also provides FoF, which primarily invests in MAFANG.
DSP US Flexible Equity Fund is a FoF that invests in shares in BlackRock Global Funds – US Flexible Equity Fund (Underlying Fund). It was launched in August 2012 and since its launch has delivered a CAGR of 17%. The underlying fund invests primarily in large US stocks.
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Nippon India US Equity Opp Fund invests in high quality stocks listed in the US. The fund’s investment strategy will be driven by Morningstar’s research support. It was launched in July 2015 and has delivered a CAGR of 16% since inception.
Edelweiss US Value Equity Offshore Fund (EUVEOF) is an FoF that invests in JPMorgan Fund – US Value Fund (Underlying Fund). It is worth noting that while most other US-focused funds follow a growth-oriented strategy and invest heavily in technology stocks, EUVEOF follows a value style and invests mainly in non-technology stocks.
IDFC US Equity FoF (IUEF) is a newly launched fund that will invest in an underlying fund with growth style investments namely JP Morgan US Growth Fund. The underlying fund invests heavily in large-cap stocks with some exposure to mid-caps.
Alphabet Inc., parent company of Google, has become the most preferred stock among US-focused mutual funds. Other favorite stocks are Apple, Amazon.com, Facebook and Microsoft.
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Find the latest business news, Sensex and Nifty updates. Get information on personal finance, tax issues and expert opinions or download the app to stay informed! Data available with Ace Equity shows that these top 10 players contribute as much as 25 percent and 33 percent to the overall top and bottom line respectively in previous financial years.
The country’s largest asset-based lender’s consolidated bottom line jumped nearly 58 percent year-on-year to Rs 35,373.88 crore in the previous financial year.
India Inc reported a more than 50% rise in consolidated net profit for the financial year ended March 31, while net revenue rose 25% year-on-year (y-o-y). Data available with Ace Equity shows that the top 10 players contributed a whopping 25 percent and 33 percent to the overall top and bottom line respectively in the previous financial year. Here is the list of most profitable companies in India.
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Energy-to-telecom giant Reliance Industries emerged as the top performer in terms of net profit. For the financial year ended March 31, the company posted a consolidated net profit of Rs 60,705 crore, up 23.56 percent, compared to Rs 49,128 crore a year ago. On the other hand, the company’s net sales grew 48 percent year-on-year to Rs 721634 crore. Motilal Financial Services Oswal Brokerage was positive on RIL with a target price of Rs 2,935. Shares of the company were trading 0.56 percent down at Rs 2764 in afternoon trade on June 6.
The big oil and gas companies are next on the list. The company’s consolidated bottom line grew 179 percent YoY to Rs 45522 crore in FY22. In contrast, net sales rose almost 48% in the same period. Motilal Oswal also has a ‘Buy’ rating on ONGC with a target price of Rs 213, indicating a 38 percent upside from the current market price.
The company had a net increase of over 436%.
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