Mumbai: Investors poured money into mid- and small-cap mutual fund products in January, driving up flows into the equity scheme category by Rs 7,877 crore as against Rs 4,499 crore in December. Industry officials said cheaper valuations of the smaller shares and a rally in the broader market before the Budget resulted in fresh flows into these categories. In November 2019, flows had dipped to as low as Rs 1,311 crore. “The valuations difference of smallcaps is huge when compared to large caps, that saw investors allocate money to this category,” says Alok Agarwala, head (research and advisory), Bajaj Capital. Flows into mid-cap schemes increased to Rs 1,499 crore compared to Rs 796 crore in the previous month. Small-cap schemes attracted Rs 1,073 crore in January as against Rs 421 crore in the previous month. Multi-cap funds that invest in a mix of large-, mid- and small-cap stocks saw flows of Rs 1,722 crore as compared to Rs 512 crore. “The recent market rally … [Read more...] about Mid and small cap mutual fund schemes catch investors’ fancy
Small cap financial etf
As flows into mid- and small-cap schemes in January showed a sharp jump, mutual funds made fresh purchases in companies that enjoy brand dominance, and have costs under control in industries with firm demand growth. Fund managers have shown high inclination towards investing in operationally wellplaced mid-and-small-sized companies in January. Here are a few prominent companies which generated high interest from fund managers during the month: The Ramco Cements Bought by: Axis MF CMP: Rs 779 M-cap: Rs 18,348 crore In January, cement prices rose close to Rs 10-20 per 50-kg bag in Andhra Pradesh, Telangana and eastern markets YoY. This increase in prices has transpired after a gap of eight months. This served as a good trigger to enhance exposure to the stock of The Ramco Cements which sells cement in the aforementioned regions. Ramco Cements should benefit from cost control, stable volume growth. Quess Corp Bought by: Franklin Templeton MF CMP: Rs 579 M-cap: Rs 8,540 crore Quess … [Read more...] about Mutual fund managers buy small- & midcap stocks
Purchase of 30% of total order from such startup has been made mandatory for the state government. Under annual entrepreneur award, a sum of ₹1lakh for the first prize, ₹75,000 for second prize and ₹50,000 for third prize is being provided to encourage entrepreneurs. … [Read more...] about HP promoting small businesses through CM’s startup scheme: Govt
S. Surulivel, who heads the Coimbatore chapter of Laghu Udyog Bharati, says micro and small-scale industries prefer to take loans from nationalised banks rather than private banks or the Non Banking Finance Sector as they fear high hidden charges. But, in the nationalised banks, the time taken to sanction loans is long and the documents required are also more. Under the 59-minute loan scheme, only the in-principle approval is given immediately. The actual sanction sometimes takes six months and the banks ask for a lot of papers. In the case of loan restructuring scheme, some banks ask for additional collateral. … [Read more...] about Industries continue to face financial crunch, say MSMEs
I have been investing in the schemes listed below for the last two years.Kotak Standard Multicap Fund: Rs 4,000Mirae Asset Large Cap Fund: Rs 3,000Nippon India Small Cap Fund: Rs 1,000HDFC Hybrid Equity Fund: Rs 2,500Should I continue with these schemes? I have a horizon of 20 years and I am expecting 15% returns from my portfolio. I am a medium risk-taker.-Varun Gupta A long-term investor with a moderate risk profile is typically asked to invest mostly in multi cap mutual fund schemes. If he wants to reduce the overall risk in the portfolio, he can also invest in large cap mutual funds. You are currently investing in a multi cap scheme, large cap scheme, small cap scheme, and aggressive hybrid scheme. You need to relook at your investments in the small cap and aggressive hybrid categories. A small cap scheme is not suited to your risk profile. These schemes are extremely risky and they can also be volatile. That is why they are recommended to aggressive investors. Similarly, … [Read more...] about Can I continue with these mutual fund schemes?