Latest news with #TriveshD
Mint
4 days ago
- Business
- Mint
Do not expect the Nifty 50 to hit a new high again this year, says Trivesh D, COO, Tradejini
Trivesh D, COO Tradejini expects volatility to continue in the near term. In an interview with LiveMint, the expert predicted that the Indian benchmark Nifty50 is not likely to hit a new high again this year. After the recent rally, it is natural for markets to take a breather and consolidate, he noted. Moreover, Trivesh suggests maintaining asset allocation, not going 100% into equity, but if you are sitting on the sidelines, this might be a good time to start allocating gradually. We might continue to see some volatility in the near term. We don't expect the Nifty 50 to hit a new high again this year. After the recent rally, it is natural for markets to take a breather and consolidate. There are still some uncertainties around global tariffs and trade flows. Once we get more clarity on those, the market will likely find better direction. I had to say stay invested. Maintain your asset allocation, don't go 100% into equity, but if you are sitting on the sidelines, this might be a good time to start allocating gradually. There could be ups and downs, but right now, the risk-reward equation looks favourable for long-term investors. Holding cash doesn't usually help, it gives you negligible returns and at times does not even cover inflation. The better question is where to invest, not whether to invest. You want to stay deployed in productive assets. It's always about finding the right vehicle for your money. Short-term events like RBI policy or global headlines may move the needle briefly, but they don't change long-term outcomes. What matters more is how companies are performing, how sectors are growing, and whether businesses are delivering steady earnings growth. That's where the real signals are. We don't think they have really underperformed if you zoom out a bit. Yes, Q1 saw steep corrections; midcaps and smallcaps fell about 22% and 26%, respectively. But since April, we have seen a strong bounce-back, smallcaps are up 28%, midcaps around 23%. So, it looks more like a deep correction followed by recovery, not a structural underperformance. Both have done well recently. Private banks rallied 17% from January lows, and PSU banks surged 25% from their March lows. For me, it's less about choosing between PSBs or private players, it's about valuation. PSU banks still look undervalued, and if their P/E multiples expand, they could outperform. We generally prefer shifting out of overvalued names into stocks that have room to re-rate. Metals are riding strong gusts. China's policy push, a global focus on green energy, and a general increase in demand. These shifts are supportive, and they do present an investment case. But again, it depends on how policy and trade dynamics play out. It is a space to watch closely. Gold seems expensive right now. A lot of the global uncertainty is already priced in. We don't see much room for it to go significantly higher from here unless there is a fresh global crisis. You should not move entirely out of equities. Instead, keep a diversified approach, maybe allocate 5–15% to gold. It is a good hedge during uncertain times, but equities still offer better long-term growth. The idea is balance, not either-or. Do your research before you invest. Don't buy just because someone else told you to. At the end of the day, it's your money and if things go wrong, no one else is taking the hit for you. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
28-05-2025
- Business
- India Today
Finfluencer frenzy: Why you shouldn't chase viral stock tips
It often starts with a reel. You're unwinding after a long day, scrolling through Instagram, when a sharply edited video stops your thumb. A confident voice promises a stock that will "double in 30 days." The chart looks convincing. The profits look real. The urgency feels minutes, you're watching another. Then another. Before you know it, you're downloading an app, opening a demat account, and investing in a company you hadn't heard of until five minutes how thousands of retail investors are getting swept up in a surge of financial advice on social media, driven not by seasoned economists or licensed advisors but by a new breed of digital celebrities known as 'finfluencers'.FINFLUENCERS RIDE DIGITAL BOOM In India's booming digital economy, these social media personalities have become the new-age financial guides for millions of retail investors. A recent CFA Institute report found that 82% of retail investors act on finfluencer advice, and 72% even reported making the surface, it sounds like a success story. But scratch a little deeper, and the sheen wears off. Only 2% of these finfluencers are Sebi-registered, and the rest? Operating in a regulatory grey zone where accountability is optional and consequences are rare.'The biggest risk is acting on flashy advice without context,' warns Trivesh D, COO of brokerage firm Tradejini. 'We know many finfluencers aren't qualified, but they sound convincing. If you're blindly following someone with no skin in the game, you could end up in poor trades, or worse, manipulated stocks.'advertisementAnd this isn't just a matter of a few bad calls. The psychological mechanics behind these digital interactions are built to influence, not inform. FOMO—fear of missing out—is baked into the more dramatic the claim, the more views it garners. The algorithms that power your feed reward virality, not veracity.'Emotion rarely leads to sound investing,' Trivesh adds. 'When people online seem to be making money, it creates pressure to jump in. But that's not a strategy, it's just emotion dressed up as one.'VLA Ambala, a Sebi-registered research analyst and co-founder of Stock Market Today, has seen firsthand how this emotional bait can sink unsuspecting investors.'Most of these influencers are neither qualified nor willing to come under Sebi's regulatory umbrella. Many of them are simply copy-pasting trending content to attract followers. They promote risky or unsuitable financial products for personal gain,' she STOCK BUZZ, RESOURCEFUL IPO HYPEConsider the now infamous case of the Resourceful Automobile IPO. With just two Yamaha showrooms and eight employees, the company's IPO was still subscribed 400 times, thanks largely to finfluencer hype. 'There was no substance, only buzz,' Ambala recalls. 'And that buzz was manufactured.'Then there's the case of Gensol Engineering Ltd, where finfluencers widely promoted the stock and its charismatic promoters, Anmol and Puneet Singh Jaggi. The company's meteoric rise drew in thousands of retail investors, but when Sebi flagged serious corporate governance issues and fund diversion, the stock tanked and investors saw losses of up to 95%.advertisementCrypto investors, too, have been stung. Popular YouTubers endorsed platforms like Vauld, a Singapore-based crypto firm that suspended deposits and withdrawals in 2022. Indian investors were left stranded, unable to retrieve their consequences are real and often costly. 'Following unverified advice from finfluencers can damage an investor's long-term strategy,' Ambala cautions. 'Instead of growing wealth with clear goals, people end up chasing random tips. It's inconsistent and unsustainable.'CREDIBILITY CRISISPerhaps the most worrying part is the illusion of credibility. 'Many finfluencers look like professionals but are actually experts in sales and marketing,' she says. 'They appear free, but they earn massive commissions through brokerage referrals and subscriptions. The average viewer doesn't see the conflict of interest.'Despite repeated warnings from Sebi, a vast number of these content creators continue to offer direct stock recommendations, often without disclosing affiliations or incentives.'If someone is promising guaranteed returns, pushing penny stocks aggressively, or avoiding questions about their holdings, that's a red flag,' says Trivesh. 'Genuine advice rarely comes wrapped in hype.'advertisementBoth experts stress that education is the first line of defence. Building financial literacy and cultivating scepticism can go a long way in protecting retail investors.'Don't just take someone's word for it,' Trivesh says. 'Cross-check with reliable sources. Look at company filings. Consult licensed professionals.''Popular doesn't mean accurate,' Ambala adds. 'Social media algorithms push what gets the most clicks—not what's true. The onus is on investors to verify before they act.'So, what should new investors do? Slow down. Read. Ask questions. Find out if the person dishing out stock tips is registered with Sebi or is at least credible. Learn the basics before diving into complex strategies. And most importantly, if it sounds too good to be true on social media, it's usually a warning sign, not a winning bet.
India Today
23-05-2025
- Business
- India Today
Fresh IPOs likely to flood Dalal Street: Time to ride the wave?
After a quiet start to the year, the IPO market on Dalal Street is slowly coming back to life. In the first quarter of the current financial year, there has been a steady rise in initial public offerings (IPOs), showing signs that the primary market may be gaining momentum once the third week of May, two IPOs, Belrise Industries and Borana Weaves, opened for bidding. Four more are lined up to open in the last week of May. These include Scoda Tubes, Prostarm Info Systems, Leela Hotels (Schloss Bangalore Limited), and Aegis Vopak far, the year has been lukewarm in comparison to 2023, but activity is picking up. Several companies are now filing draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (Sebi), hinting at a growing interest in public of the firms that have already filed papers with Sebi include Prestige Hospitality Ventures, Canara HSBC Life Insurance Company, and Urban also suggest that companies like InCred, Duroflex, Groww, and Shiprocket are preparing to enter the market as NAMES ON THE WAYA few large and well-known companies are expected to launch their IPOs in 2025. Reliance Jio Infocomm may come out with a public issue worth Rs 40,000 crore. If this happens, it could become the biggest IPO in Indian big names such as Tata Capital, PhonePe, and Zepto are also expected to go public. In the financial sector, HDB Financial Services and Hero FinCorp are planning to raise Rs 12,500 crore and Rs 3,668 crore, Electronics India, which has already received approval from Sebi, is getting ready for an offer for sale worth Rs 15,000 crore. However, the timeline is still not very clear. WHY THE SUDDEN PICKUP?Experts believe that the rise in IPO activity is due to a mix of factors, including better market conditions and strong investor interest.'What we are seeing is a steady revival in IPO activity, not so much a comeback, but more of a continuation after a brief pause,' said Trivesh D, Chief Operating Officer at Tradejini.'The pickup in DRHP filings — 85 in 2025 alone, which is a decade high — reflects companies' confidence in the current environment. Liquidity, foreign inflows, and overall market resilience naturally create a conducive backdrop for fundraising at fair valuations.'He also added that India's wider economic picture, steady growth, focus on infrastructure, and a strong consumer market are drawing both local and foreign investment.'That is bringing both domestic and global capital to the table, making it an opportune moment for companies to consider listing, whether on the mainboard or SME platforms,' he INVESTORS INVEST?With more IPOs entering the market, many investors are wondering if this is the right time to invest.'We would say it depends,' said Trivesh D.'In 2025 so far, 8 out of 12 mainboard IPOs and 37 out of 67 SME IPOs gave listing gains. But not every IPO delivers. It is crucial for investors to look beyond the noise, understand the business model, check the pricing, and think long-term before subscribing.'Echoing a similar view, Kranthi Bathini, Equity Strategist at WealthMills Securities Pvt Ltd, said that investors must be careful.'After the brief pause recently and also as the market resumed its bull rally and after touching the range of 25,000 levels, there is a heightened activity that is coming back into the primary markets again,' he he warned that most IPOs from the last year have seen their prices drop after listing. 'Majority of the IPOs that came in the last one year, 90% of the IPOs have touched the lows after rising and they traded below their listing and IPO prices,' he mentioned.'So one needs to be very selective in terms of selecting IPOs if they want to go for listing gains. But for longer-term serious investing, one needs to understand the business models and valuations thoroughly before taking any decision with respect to primary market investing,' Bathini The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Mint
15-05-2025
- Business
- Mint
Is the worst of inflation behind? What it means for the Indian stock market? Experts decode
Amid global economic uncertainty, there are emerging bright spots. Inflation has eased significantly in both the US and India, fueling hopes of interest rate cuts by the US Federal Reserve and the Reserve Bank of India, which could boost demand, improve liquidity, and support broader economic growth. India's retail inflation eased in April to its slowest pace in over six years, thanks to lower food prices. According to data from the Ministry of Statistics and Programme Implementation, the Consumer Price Index (CPI) rose 3.16 per cent year-on-year in April, down from 3.34 per cent in March, 3.61 per cent in February, and 4.83 per cent in the same month last year. On the other hand, US consumer prices saw the smallest annual increase in four years. The US Consumer Price Index increased 0.2 per cent in April after dropping 0.1 per cent in March. Year-on-year, the CPI climbed 2.3 per cent, marking the smallest gain since February 2021. In March US CPI rose 2.4 per cent year-on-year. While recent data and macroeconomic indicators suggest that the worst of inflation may be behind us, risks stemming from the trade war continue to persist. "After aggressive US tariff policy, and its recent discussions on reduction, the tariffs are unlikely to return to pre-announcement levels, and hence, the medium-term inflation risk is alive in the US," said Trivesh D, COO of Tradejini. The US has announced trade deals with the UK and China, while India, too, is expected to seal a deal in the coming few days. US President Donald Trump has said that India is offering his country a trade deal with zero tariffs. Geopolitical risks have subsided significantly in the last few days, and experts hint that the worst of inflation could be over. "It's still early to call it a complete reversal, but the worst of inflation may be behind us if global macro trends continue to support easing," said Abhishek Jain, Head of Research, Arihant Capital Markets. Jain warns that a mild uptick in US inflation could have a ripple effect on some Indian companies, particularly those with significant exposure to the US market. Devarsh Vakil, the head of Prime Research at HDFC Securities, underscored that the recent US-China tariff truce, involving a temporary reduction in tariffs, suggests lower inflation and a decrease in uncertainty in global trade. "While the reduced tariffs are still significantly higher than pre-Trump levels, they represent a step back from the escalated full-blown trade war, potentially easing the economic impact and allowing businesses to resume some trade activity," said Vakil. Vakil highlighted that declining crude oil prices have eased inflationary pressures across supply chains, and due to the combined effects of enhanced productivity gains and falling logistics costs, will lead to moderating consumer prices. This will set a compelling foundation for central banks to implement interest rate reductions. The broader trend does not indicate a sharp spike in inflation in India and the US. Jain of Arihant Capital Markets underscored that with the US moving closer to resolving tariff-related issues through recent and upcoming trade agreements, inflationary pressures may remain contained. "For Indian markets, this could mean a more stable outlook, and as inflation concerns fade, investor sentiment should improve," said Jain. Vakil of HDFC Securities pointed out that the punishing era of elevated interest rates is behind us, and financial markets now stand at the threshold of a more accommodative monetary landscape. "Central banks are poised to orchestrate a gradual but deliberate pivot toward policy normalisation," said Vakil. Trivesh of Tradejini highlighted that India's inflation trends show that demand-side pressures are contained. With this, the RBI now has more flexibility, and while a rate cut isn't imminent, the bias clearly shifts towards supporting growth. For equity markets, Trivesh believes India's disinflation provides comfort and reduces macro uncertainty, offering greater clarity for investors. "India enhances interest rate visibility, which generally aids valuations. In the future, interest rate-sensitive sectors such as banking, real estate, and consumer durables may witness new investor interest," said Trivesh. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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Business Standard
12-05-2025
- Business
- Business Standard
24% return in 5 years? Aggressive hybrid funds a go-to choice for investors
Amid market volatility, aggressive hybrid mutual funds have quietly emerged as a reliable, high-performing option for those seeking both growth and stability. According to the latest data from the Association of Mutual Funds in India (AMFI), the asset base of aggressive hybrid funds rose 12% year-on-year to Rs 2.26 lakh crore in April 2025, while the investor base expanded by 3.5 lakh folios, reaching nearly 58 lakh. What are aggressive hybrid funds? Aggressive hybrid mutual funds invest 65–80% of their assets in equities and the rest in fixed-income (debt) instruments. This blend offers a sweet spot between risk and reward—ideal for investors with a moderate risk appetite and a 3–5 year investment horizon. 'Investors want equity-like returns, but with a cushion. That's where aggressive hybrids shine,' says Trivesh D, COO of Tradejini. "These funds invest 65-80 per cent in equity and the rest in debt, giving you an equity-like growth potential with a debt cushion. Think of them as an auto-rebalancing portfolio combining a flexi-cap and short-duration fund. For new investors, or those seeking long-term growth with less anxiety, aggressive hybrids are an excellent starting point. While it may not match the market highs, it softens the lows, giving you a smoother ride. Further, the auto-rebalancing feature and treatment as an equity-oriented fund offers tax advantage. In essence, it's a simplified version of an investor's portfolio across equity-debt, market capitalisation and credit quality," as per the Value Research Team. How have they performed? Recent performance numbers back the growing enthusiasm: 1-year average return: 9% 2-year average return: 20% 3-year average return: 15% 5-year average return: 21% These funds differ from other hybrid mutual funds primarily in the equity exposure, as they invest 65-80 per cent in equities higher than the conservative or balanced hybrids that offer better return potential but also higher risk, making them ideal for investors with a moderate risk appetite and a 3-5 year view, as per Trivesh D. Which Funds Are Leading the Pack? On average, the 31 aggressive hybrid mutual funds in the market delivered ~9% returns over the last year. Top-performing funds include: Mahindra Manulife Aggressive Hybrid Fund: 23.6% (5-year return) DSP Aggressive Hybrid Fund Bandhan Aggressive Hybrid Fund SBI Equity Hybrid Fund Invesco India Aggressive Hybrid Fund These funds have capitalised on sectors like banking, consumer durables, and infrastructure, while limiting exposure to high-volatility sectors like IT and oil & gas. "With the market expected to move more on sector-specific and stock-specific developments rather than broad-based rallies, fund managers with a dynamic approach will be better positioned to capture emerging opportunities," Santosh Joseph, CEO, Germinate Investor Services, said. Why Aggressive Hybrid Funds are gaining ground The numbers speak for themselves: the asset base of aggressive hybrid funds grew from Rs 2.02 lakh crore in April 2024 to Rs 2.26 lakh crore in April 2025, a solid 12% year-on-year increase, according to AMFI data. This growth is not just a statistic—it reflects a significant behavioural shift among retail investors. 'Retail investors are actively seeking balanced and tax-efficient options, especially after SEBI's recent tightening of F&O norms,' explains Trivesh D, COO of Tradejini. The crackdown on high-risk derivatives trading has pushed many investors toward more stable, diversified investment avenues—and aggressive hybrid funds fit the bill perfectly. These funds have outperformed traditional debt instruments and even many pure equity funds in risk-adjusted terms over 3- to 5-year horizons. What's driving these returns? Take the Mahindra Manulife Aggressive Hybrid Fund, for instance. Its strong performance stems from: Overweight position in large-cap equities: Sectors like banking, consumer durables, and construction materials offer dependable growth with lower volatility. Underexposure to global risk sectors: The fund avoids heavy allocations to IT, oil & gas, and metals, which are prone to international demand and commodity price swings. Smart debt allocation: By maintaining a solid chunk in high-quality fixed income, the fund builds in a stability layer. If policy rate cuts are announced later this year, the bond component could benefit from capital gains, further boosting returns. Aggressive hybrid funds give investors exposure to growth (through equities) while offering capital protection during volatile times (through debt). Experts say this mix is increasingly relevant as: Markets are expected to move in a stock-specific and sector-specific way rather than broad rallies Geopolitical and interest rate uncertainty continues to drive caution Equity valuations are high, so many investors are reluctant to go "all in" 'Fund managers with dynamic strategies are better positioned to capture pockets of opportunity,' said Santosh Joseph, CEO of Germinate Investor Services. 'Aggressive hybrids allow you to benefit from this without committing 100% to equity.' How much to invest? Experts recommend using a Systematic Investment Plan (SIP) to invest in such funds, as it helps average out market volatility and instills investment discipline. They typically suggest allocating 15-25 per cent of an investor's portfolio to hybrid funds, depending on risk appetite. Stay invested for at least 3–5 years: That's when the asset allocation strategy truly pays off Overall, the hybrid category's asset base grew 21 per cent year-on-year to Rs 9.15 lakh crore as of April 2025 and added over 22 lakh folios to 1.58 crore during the period. Tax advantage: From a taxation perspective, aggressive hybrid funds are treated as equity-oriented funds, meaning: Long-term capital gains (after 1 year) are taxed at 10% above ₹1 lakh per year This is lower than the tax on debt funds, making hybrids a smart choice for tax-efficient long-term investing
