Latest news with #TrideepBhattacharya
Mint
26-07-2025
- Business
- Mint
An SIP of 10K in this flexi cap mutual fund would have grown to ₹30 lakh in 10 years. Check how
If you are a mutual fund investor, you must be aware that one of the most feasible and preferred routes of investing is systematic investment plan or SIP. This offers an array of benefits, for obvious reasons. First, it allows the investors to make the most of rupee cost averaging. Under the rupee cost averaging, investor can average out the cost of acquiring an asset when they buy its units at different prices over a period of time. Second, it inculcates a sense of financial discipline. Third, it allows investors to let their investment grow considerably so long as they stay invested over a period of time. Here, we randomly handpick one mutual fund scheme (Edelweiss Flexi Cap Fund) and monitor its return since inception to evaluate how much the investment would have grown since its launch if the investor were consistent over a period of time. For instance, if someone were investing regularly into Edelweiss Flexi Cap each month in form of SIP for just one year, the investment would have grown to ₹ 1.13 lakh by investing a total of ₹ 1.20 lakh. In two years, this investment of ₹ 10K every month would have spiked to ₹ 2.65 lakh, whereas the total investment stands at ₹ 2.40 lakh. In three years, the total return would have reached ₹ 4.59 lakh whereas the investment stands at ₹ 3,60,000. In five years, total investment would have grown to ₹ 9.35 lakh by investing a total of ₹ 6 lakh. Tenure Return (Rs) 1 year 1.13 lakh 3 years 4.59 lakh 5 years 9.35 lakh 7 years 15.93 lakh 10 years 28.06 lakh Since Inception 30.42 lakh (Source: And if the investor had continued to invest ₹ 10,000 every month for seven years, the corpus would have grown to ₹ 15.93 lakh by making an investment of ₹ 8,40,000. In 10 years, total corpus would have swelled to ₹ 28 lakh when the investment stands at ₹ 12 lakh. Since inception (Feb 3, 2015), if someone were investing ₹ 10,000 every month into this scheme, the total return would have grown to ₹ 30.42 lakh. Top constituent stocks include HDFC Bank, ICICI Bank, RIL, L&T, Infosys, NTPC, Bharti Airtel, Ultratech, Bajaj Finance and Coforage. This flexi cap mutual fund's benchmark is Nifty 500 TRI. Market cap allocation between large cap, mid cap and small cap in the fund is 66.70: 25.28: 8.03. The scheme has three fund managers: Trideep Bhattacharya, Ashwani Kumar Agarwalla and Raj Koradia. Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision. For all personal finance updates, visit here
Time of India
24-07-2025
- Business
- Time of India
Midcaps outshine smallcaps long-term; offer more stability; deliver 'risk-adjusted returns'
Mutual funds focused on midcap stocks have delivered stronger long-term returns for investors using systematic investment plans (SIPs), outperforming smallcap funds over longer periods. According to a study by Equirus Credence Family Office, the Nifty Midcap 150 Total Returns Index (TRI) generated an average return of 17.3% over 10-year rolling periods, compared to 15.1% for the Nifty small cap 250 TRI. Over 15 years, the trend continued, with midcaps delivering 16.9%, outperforming smallcaps, which returned 14.1%. "Midcap stocks have outperformed smallcaps over long term offering better risk-adjusted returns, stronger business fundamentals, and higher survivability," Chanchal Agarwal, CIO, Equirus Credence Family Office told ET. In the classification system, companies ranked 101-250 by market capitalisation are considered midcaps, whilst those ranked 251 and below are designated smallcaps. The midcap segment represents a more concentrated space versus smallcaps, which encompass a broader, more diverse group of companies. Recent substantial fund inflows through SIPs have particularly influenced midcap stocks, affecting their valuations and performance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo Shorter duration analysis shows midcap index returns of 13.9% and 17.4% over three and five years respectively, surpassing smallcap returns of 11.9% and 15.11%. "The best smallcap companies go on to become midcap companies and hence it is logical that over the longer term they offer better returns," Trideep Bhattacharya, CIO, Edelweiss Mutual Fund told ET. Midcap stocks have shown more stability than smallcaps, with significantly lower drawdowns over time. According to data from Equirus Credence Family Office, the lowest five- and ten-year rolling monthly SIP returns for the Nifty Midcap 150 TRI were -8.2% and 6%, respectively. In contrast, the Nifty Smallcap 250 TRI posted much steeper minimum returns of -21.2% and 0.2% over the same periods. Midcap stocks are now trading at a premium to large-cap blue chips. The Nifty Midcap 150 has a price-to-earnings (PE) ratio of 35.21, higher than the Nifty 50's 22.29 and the Nifty Smallcap 250's 33.82. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
24-07-2025
- Business
- Time of India
Fitter & Stronger: Midcaps outperform smallcaps in long term
"They are no longer small or unproven; many have solid balance sheets, professional management, and institutional interest." Mutual funds focusing on midcap stocks have shown strong returns for SIP investors over time. Nifty Midcap 150 TRI has surpassed Nifty Smallcap 250 TRI in 10 and 15-year returns. Midcaps offer better risk-adjusted returns and stronger fundamentals. Recent MF inflows have significantly impacted midcap valuations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Mutual funds that bet on midcap stocks have worked well for investors who have used systematic investment plans (SIPs) over longer periods, outperforming their smallcap counterparts.A study by Equirus Credence Family Office shows that the Nifty Midcap 150 Total Returns Index (TRI) delivered an average return of 17.3%, vs 15.1% for Nifty Smallcap 250 TRI, based on 10-year rolling returns. Over 15 years, the midcap index returned 16.9% versus 14.1% for the smallcap index."Midcap stocks have outperformed smallcaps over long term offering better risk-adjusted returns , stronger business fundamentals, and higher survivability," says Chanchal Agarwal, CIO, Equirus Credence Family funds categorise companies ranked 101-250 by market capitalisation as midcaps, while those ranked 251 and below fall under the category of makes the midcap universe a narrower space compared to small caps, which comprise a much larger and more fragmented set of companies. The recent flood of MF inflows, through SIPs, has had a more concentrated and pronounced impact on midcap stocks, driving valuations and supporting over shorter durations of three and five years, the midcap index returned 13.9% and 17.4%, respectively, as against 11.9% and 15.11% for small caps."The best smallcap companies go on to become midcap companies and hence it is logical that over the longer term they offer better returns," says Trideep Bhattacharya, CIO, Edelweiss Mutual also tend to experience lower drawdowns compared to smallcap funds. The minimum return over a five- and ten-year period for a rolling monthly SIP in Nifty Midcap 150 TRI was -8.2% and 6%, respectively. In comparison, the Nifty Smallcap 250 TRI posted minimum returns of -21.2% and 0.2%. The outperformances have resulted in midcaps trading at a premium to blue-chips. The Nifty Midcap 150 is at a PE ratio of 35.21 times as against 22.29 of Nifty. The Nifty Smallcap 250's PE ratio is 33.82 rich valuations, Equirus Credence expects midcaps to continue doing well. "Midcap companies are in a strong position," said Agarwal. "They are no longer small or unproven; many have solid balance sheets, professional management, and institutional interest."
Economic Times
24-07-2025
- Business
- Economic Times
Fitter & Stronger: Midcaps outperform smallcaps in long term
Agencies Live Events Mumbai: Mutual funds that bet on midcap stocks have worked well for investors who have used systematic investment plans (SIPs) over longer periods, outperforming their smallcap counterparts.A study by Equirus Credence Family Office shows that the Nifty Midcap 150 Total Returns Index (TRI) delivered an average return of 17.3%, vs 15.1% for Nifty Smallcap 250 TRI, based on 10-year rolling returns. Over 15 years, the midcap index returned 16.9% versus 14.1% for the smallcap index."Midcap stocks have outperformed smallcaps over long term offering better risk-adjusted returns , stronger business fundamentals, and higher survivability," says Chanchal Agarwal, CIO, Equirus Credence Family funds categorise companies ranked 101-250 by market capitalisation as midcaps, while those ranked 251 and below fall under the category of makes the midcap universe a narrower space compared to small caps, which comprise a much larger and more fragmented set of companies. The recent flood of MF inflows, through SIPs, has had a more concentrated and pronounced impact on midcap stocks, driving valuations and supporting over shorter durations of three and five years, the midcap index returned 13.9% and 17.4%, respectively, as against 11.9% and 15.11% for small caps."The best smallcap companies go on to become midcap companies and hence it is logical that over the longer term they offer better returns," says Trideep Bhattacharya, CIO, Edelweiss Mutual also tend to experience lower drawdowns compared to smallcap funds. The minimum return over a five- and ten-year period for a rolling monthly SIP in Nifty Midcap 150 TRI was -8.2% and 6%, respectively. In comparison, the Nifty Smallcap 250 TRI posted minimum returns of -21.2% and 0.2%. The outperformances have resulted in midcaps trading at a premium to blue-chips. The Nifty Midcap 150 is at a PE ratio of 35.21 times as against 22.29 of Nifty. The Nifty Smallcap 250's PE ratio is 33.82 rich valuations, Equirus Credence expects midcaps to continue doing well. "Midcap companies are in a strong position," said Agarwal. "They are no longer small or unproven; many have solid balance sheets, professional management, and institutional interest."
Economic Times
17-06-2025
- Business
- Economic Times
Trideep Bhattacharya on where he sees value and sectors that may see outperformance in future
Trideep Bhattacharya, Chief Investment Officer-Equities, Edelweiss MF, says India's consumption is expected to rebound in the second half of FY26. Factors like easing inflation, strong monsoons, and salary hikes will boost rural demand. Government spending on infrastructure, defence, and railways is also set to rise. IT services are a tactical bet due to reasonable expectations and improving macro a trade deal with US materializes by early July, IT services and chemicals are poised for relative outperformance. A low-probability, high-tariff scenario could severely impact the US and global economic growth, though markets aren't currently pricing in this risk. ADVERTISEMENT The way macroeconomics is shaping up, if you look at the global headwinds, whether it is in terms of the geopolitical tensions or the rising crude, how do you see India vis-à-vis the rest of the world because as far as India is concerned, the good part has been priced in. In the near term, do you see some bit of consolidation happening and going forward, how do you see the Indian markets play out? Trideep Bhattacharya: There are two or three parts to your question. First of all, amidst global volatility overall, when you look at the maximum amount of volatility or uncertainty, it was the beginning of the year when we did not know how India is going to be affected, what Trump's plans would have been, and also earnings were weak. ETMarkets Smart Talk | 2H2025 market returns may moderate, but India's long-term story intact: Abhiram Eleswarapu So, from that perspective, at the moment the macros are a little less volatile than where they were and the market rise seems to factor that in. But as you rightly pointed out, the markets have rallied close to September 24 highs and one of our hypotheses on the markets is that earnings-wise we would probably see earnings come back in the second half of FY26. So, over the next few months, markets being very close to September 24 highs, we would expect a bit of time correction in the markets to happen given that markets are in and around fair value. With regards to India, on a relative basis, we score quite well relative to other emerging market nations and also globally because A) our growth is the strongest and B) the texture of the growth is more domestic dependent than export dependent in circumstances where almost all the global economies are looking to find, to make in their own country a version of whatever goods and services they can and put tariffs on others. This particular growth metric where growth is driven by domestic earnings scores quite well and hence relatively, we would continue to be favourites of FIIs over a period of time, like we have seen since the beginning of this year. In terms of your sector preferences, oil and gas is one space where you are not very bullish in terms of your allocations as well. But oil is the biggest talking point right now with respect to what has been happening with Iran and Israel. Back home in terms of stock preferences, how do you see the space evolving? Yes, oil is giving jitters in the short term. How do you see the movement in the oil impacting various sectors and within the oil and gas space, there are subsegments as well. Are you bullish on any particular theme if at all? Trideep Bhattacharya: At the end of the day, from the beginning of this year till now, crude oil has come down from $85 to hit a bottom of $65 and now we are hovering between around $70. Net-net, so far, oil has corrected and that is positive for India economy on a net-net basis. Yes, recently we have seen a bit of a spike, but I would call that rise as being more in the range of $65-75 is where I would expect to remain. ADVERTISEMENT On the outside, if it touches or crosses $90 per barrel, I would be worried. But the chances of that happening are fairly limited given that there would be shale gas and also OPEC production coming to rescue. Second, we are a big importer of oil as an economy, and in that context, oil prices going up can cause a little of volatility but as long as it is within the range of $65-75, we do not see it as too much of a concern from a fundamental standpoint. Third, in the context of where we are placed within oil, we are more positive upstream over the last couple of months since the oil price has corrected quite meaningfully to $65 and that has helped us during this period of oil price rise. But net-net, compared to other sectors, we would bet on that part of the economy which uses oil as an input and churns out output because quite a few of the incentives being doled out either by the macro conditions or by the government act in their favour like consumption. So, we would be betting on the other side. But within oil and gas as a sector, we would rely on stock selection to carry us through. ADVERTISEMENT Talk to us about the other pockets where you see value. The common consensus, of course, is in favour of the financial, especially the NBFC space and as I can see, you are positive on NBFCs as well. But besides that ,talk to us about the sectors where you see value. Trideep Bhattacharya: If I were to look at two or three things which have happened in the context of India which are genuinely positive and play out over the back half of this year, one is basically a resumption of consumption based recovery and there certainly we do see pockets where a rebound is imminent. Very clearly one is crude oil and we discussed it at length as to the implications of the same. But secondly, inflation as you were talking earlier in the show, has come off quite meaningfully by 100 basis points and more that certainly is a boost for the rural economy. Also, monsoons being 6% higher than long period average also will act as a boom for rural consumption. ADVERTISEMENT Finally, in the budget, the honourable finance minister effectively gave a salary hike of 5% to 7% which will play out this festive season and onwards. Net-net, if you look at all the catalysts that are lined up in front of us, I would say consumption as a sector would see quite a few things going for them as we go toward the second half of FY26. The second theme that we like in the context of current times is resumption of government spending. Almost one-and-a-half years we spent where hardly any economic decision-making really happened. But since the beginning of this year, we have seen a meaningful amount of contracts being signed and more likely to come through in the areas of infrastructure, defence, railways, and the likes of it, which will play out in the form of earnings as we start from the second half of FY26 onwards. So, these are two themes which would carry on the earnings battle in the second half of FY26 which is what we are positive on. Those would be the sectors that are good to go. The third area is IT services. It is more tactical in nature, more because expectations are very reasonable at the moment. While earnings will be a little bit languishing, a year from now, earnings outlook will start to look better and macro conditions will ease out. So, these three are the areas that we are betting on in our portfolios. ADVERTISEMENT But other than that, apart from earnings, the other biggest talking point is what will happen to the trade talks and where is India placed with respect to the negotiations that are already underway? Is it time to once again look out for some of those globally linked sectors like pharma, chemical, or some of the other sectors where India has good exposure? Trideep Bhattacharya: IT services and chemicals would be two such pockets where from a near-term perspective we would be relatively more positive assuming a deal gets done. Now, in all honesty, in what shape and form the deal will get done is unknowable. But what we know is that business conditions tend to take precedence particularly in an economy like that of the US and we would probably have the first contours of a deal as we head towards the first deadline which is July 1st week. Assuming that happens, the two sectors that we like would probably kind of do better than others on a relative basis. I would also like to point out the other side which is a low probability event, but in case the tariff situation is kind of really the area where US kind of wants to implement high tariffs for the rest of the globe, then the biggest impact would be negatively on United States and globally we would be staring at fairly dire conditions from an economic growth standpoint towards the second half of this year. However, that is a three-sigma event that is a risk which I do not think at the moment markets are factoring in. At the same time, it is a low probability event and hopefully better sense prevails in the first week of July and that is what we are hoping for. We are bracing up for some sort of volatility in and around that date to see this through. (You can now subscribe to our ETMarkets WhatsApp channel)
