I am currently investing Rs 1,000 each in the following schemes:SBI Banking & Financial Services FundTata Banking & Financial Services FundAxis Long Term Equity FundSBI Small Cap FundI have an investment period of at least 20 years in mind. Are these schemes good?-Bishal Das You are currently investing in two thematic schemes, a tax-saving scheme, and small cap scheme. Though your two thematic schemes are performing well, we do not recommend thematic schemes to retail investors as sectors and themes can get in and out of fashion in different phases in the economy. However, banking and finance theme is a prominent theme in the Indian stock market and almost every mutual fund scheme has significant investments in it. You should be aware about the extra risk you take while betting on a scheme that is dedicated exclusively to a theme or sector. Small cap schemes are extremely risky and they can also be very volatile. That is why these schemes are recommended only to investors … [Read more...] about Am I investing in good mutual funds?
Asia small cap fund
Mumbai: HSBC said India has been foreign investors’ favourite emerging market in Asia in 2020 so far. Domestic stocks have received $3.4 billion since January even as most other Asian emerging markets witnessed outflows. The financial sector has received the bulk of these overseas portfolio flows in the last three months, helping the sector to outperform in the current market run-up, said HSBC. “The bank expects flows to remain resilient, led by an optimistic EM equities outlook, soft US bond yield and FIIs’ still underweight position on India relative to last five years,” said HSBC in a client note. The Nifty has gained almost 14 per cent since the corporate tax cut in September 2019. The mid-cap index has risen 19 per cent in the period. “The first part of the rally was fuelled by large caps, while more recently it has been augmented by mid-cap stocks,” said HSBC. The investment bank said the rally in mid-caps is a ‘partial … [Read more...] about India FIIs’ favourite EM in Asia, flows likely to remain resilient: HSBC
If Pakistan continues with the 'Grey List', it will be difficult for the country to get financial aid from the IMF, World Bank, ADB and the European Union, thus further enhancing problems for the nation which is in a precarious financial situation. … [Read more...] about Pak remains in FATF ‘grey list’ for failure to check terror funding
Mumbai: Most fund managers are projecting Calendar 2020 to be a year of midcaps and smallcaps. Fund schemes focused on these stocks have seen huge inflows in recent times. So which are the stocks these asset managers are betting on to ride this expected resurgence in midcaps and smallcaps? Data compiled from mutual fund tracker Value Research showed the top five midcaps that mutual funds picked in January included NMDC, Page Industries , Narayana Hrudayalaya, United Breweries, Cholamandalam Investment & Finance. In the smallcap space, fund managers’ top buys included Kei Industries, Multi Commodity Exchange India, La Opala RG, CARE Ratings, and V-Mart Retail. State-run Indian miner NMDC topped the chart on an aggregate basis, but the stock has remained an underperformer, slipping 15.74 per cent so far in 2020. In a note on February 6, JM Financial came out with a ‘buy’ rating on the stock. “Auctions in Odisha are in full swing with highest bidders of 7 … [Read more...] about Top midcaps & smallcaps that MFs are lapping up. Do you own any?
NEW DELHI: Concerns over coronavirus intensified on Tuesday after US-based Apple said it might not meet March quarter revenue guidance. Brazil also warned of implications of the virus outbreak on its economy, while Japan said it was closely following the developments. These events are likely to have a bearing on stock investor sentiment.Here’s breaking down the pre-market actions. TRADE SETUP Singapore trading sets stage for negative startNifty futures on the Singapore Exchange traded 29.50 points, or 0.24 per cent, lower at 12,43.50, indicating a negative start for Dalal Street. Tech view: Nifty forms bearish candle for third dayNifty on Monday formed a bearish candle on the daily chart for the third straight session. The index closed below its 20-day simple moving average (SMA) of 12,059 and made a lower low formation for yet another day, suggesting supports were shifting lower. Analysts said any sustained move below 12,000 could bring the bears back. Asian stocks, … [Read more...] about What changed for Market while you were sleeping