In 2022, when most asset managers watched clients yank cash from their funds as markets cratered, GQG thrived. The firm lured $8 billion in fresh investment and three of its four flagship funds beat benchmark indexes by wide margins.
Disney Star head of network ad sales Ajit Varghese said the network wants to help advertisers to meet their business objectives without them having to bother about the budgets. The broadcaster is offering advertising packages across SD, HD, regional, and team affinity.
Hem Securities' India Rising SME Stars fund, which is just 11 months old, managed a monthly return of over 3%. The PMS fund focused on smallcaps and SME stocks has been among the top performers in the last few months. The six-month return of the fund is an impressive 47.57%
This will keep the rates at elevated levels for the first half of the FY 2023-24 as markets at the current levels are not pricing in the risk of liquidity fading away with credit offtake and RBI’s support being limited in the context of a liquidity withdrawal stance.
However, certain sectors such as banks, cement, chemicals, and pharmaceuticals may be becoming more reasonably priced, and these are being evaluated for potential buying opportunities.
India’s stocks now account for more than 14% of MSCI’s emerging-market equities index, trailing only China, after it surpassed the weightings of Taiwan and South Korea last year. Morgan Stanley predicts India’s equity market is set to be the world’s third largest before the end of the decade. The downfall of one of India’s most-sprawling businesses could be what holds the nation back as it competes against China as an investment magnet.
The purpose of this was to see how many schemes consistently beat their benchmarks in different periods like three, five, seven, and 10 years. Mutual fund advisors often ask investors to choose schemes that have consistently beaten their benchmarks over a long period of time.
Over the last few months markets have seen a bounce back from deeply oversold readings. The European and other emerging market stocks have also seen a sharp recovery.
"We should not worry about money flowing from india to China. In the end, this will sort itself out. We have to control ourselves like we are now being worried about the Budget, that the government will increase taxes on capital gains. If they do that then we will be shooting ourselves in the foot and can't blame anybody else but us, Nobody else in the world taxes foreign investors, nobody!"
Mukherjea-run Marcellus Investment Managers' two other funds - smallcap Little Champs and multi-cap Consistent Compounder funds - lost 10.55% and 8.8%, respectively, shows data pulled from PMSBazaar.
How will your fortunes shape up in the new year?
There are a few things that India needs to be in its favour if it has to successfully navigate the gathering global storm.
Beating not just benchmark indices but also star fund managers, an 8-month-old PMS scheme betting on smallcaps turned out to be the star performer, shows data pulled from PMS Bazaar. With a return of 9.09%, Hem Securities' India Rising SME Stars fund topped the charts of PMS funds.
Apart from the four small cap funds, the list features one flexi cap fund, one multi cap fund, and one large & mid cap fund. These schemes are offering better returns in a 10-year period than many small cap funds. None of the large cap funds made it to the list.
An inclusion would bring in estimated inflows of $30-40 billion to India as investments made based on the composition of the index, said top bond dealers. Increased foreign fund inflows should help lower the federal funding costs.
'Mid cap and small caps by nature are more volatile but are also known for creating wealth over long term. Investors investing in this category should have appropriate allocation depending upon their risk-return profile and have long term horizon.'
"One should look at auto including ancillaries, agri theme including agri chem stocks and healthcare as the three segments broadly from this year’s perspective. We keep having good positive long term views on banking and IT, but on a preference basis, these are the three sectors I would see as a theme for this year."
“Are we out of the woods in terms of the broader macro picture? I would still say no. We will have to sail through this next one or two quarters where we see the volatility continuing. But when the market corrects, it keeps providing good opportunities for long-term investors to accumulate and buy good companies. ”
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
“My skew has been more towards mid and smallcap generally and hence I advise investors to first have a long-term view. Do not look at the short-term volatility. It can be more volatile because these are smallcap segments but on a long-term curve, the volatility reduces and the return profile improves.”
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
DSP Investment Managers have launched DSP Global Innovation Fund of Fund (DSP GIF). DSP GIF is a Fund of Fund which will invest in a mix of active and passive funds run by experts in their respective spaces.
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