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Economic Times
01-07-2025
- Business
- Economic Times
Sensex vaults 11,000 points from April lows. Which mutual funds should you buy?
Indian stock market shows positive trends. BSE Sensex rises significantly since April. Experts suggest investments in flexi-cap and large & mid-cap funds. With the benchmark index - BSE Sensex - up by 10,920 points from its April low level and reaching at the level of 84,058 on Friday, market experts recommend that flexi-cap and large & mid-cap funds continue to be attractive investment options and to balance the portfolio, add short-duration debt or equity arbitrage funds for stability, and include gold or multi-asset funds to diversify amid global uncertainties.'Large & Mid Cap and flexi-cap funds are still very well worth investments. Add short-duration debt or equity arbitrage for stability and gold or multi-asset funds for diversification against the backdrop of global uncertainties,' Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance shared with ETMutualFunds. Also Read | Explained: Investing in mutual funds? 10 key things to check to make better investment decisions While traditional equity categories like flexi-cap and large & mid-cap are sound for long-term investing, another expert advises a balanced approach is required rather than just considering equities, and suggests multi-asset funds to navigate current market conditions.'A balance approach is suitable rather than only looking at equities. No doubt standard categories like Flexicap, Large & Midcap, Multicap are good from long term point of view but also looking at multi asset funds having diversified asset classes should be considered during current times,' Umeshkumar Mehta, CIO at SAMCO Mutual Fund shared with ETMutualFunds. On April 7 the benchmark index was at the level of 73,137, the lowest in the current financial year so far. The BSE Sensex has gone up by nearly 3% in the last five trading sessions from a level of 81,896 on June 23 to 84,058 on June 27. Benchmark index - BSE Sensex - touched its all-time high level on September 27, 2024. It touched a level of 85, the last one month, Sensex has gained 3.07% and 8.31% in the last three months. In the current calendar year so far, the benchmark index has gone up by 7.57% and by 6.81% and 6.07% in the last six months and one year respectively. With the benchmark on surge since the last six months, the experts advice that one should book profits only if they are close to their goals else the long-term investors should not worry about the profit bookings and fresh investments can be staggered for six months through STP mode. Also Read | Parag Parikh Flexi Cap Fund, Quant Small Cap Fund among 17 mutual funds which deliver over 20% XIRR on SIP investments in 10 years Mehta mentioned that the market is still climbing a wall of worry on the back of yet to come tariff hikes, if any, from the US which now again is likely to be postponed. 'However, on the other side, IPOs are gaining momentum which can cause roadblocks to this rally. Investors should keep their heads down and remain invested for a decade to see amazing wealth creation in both lumpsum mode and SIP mode of investments. Fresh investment can be staggered for 6 months through STP mode,' he the other hand, Minocha advises that if you are near to your goal consider profit booking, otherwise continue with the investment and one should continue with their respective SIP and consider STP for lumpsum investments.'You should book profits if you are close to your goals, else returns can erode by the time you want to withdraw funds. However, long-term investors should not worry about booking profits. They should continue SIP and consider STP for lump-sum deployment,' Minocha said. ETMutualFunds further analysed the performance of equity mutual funds since April's low till date. The data showed that there were around 21 equity mutual fund categories, and all have yielded double-digit average returns. Out of these 21 categories, technology sector based funds gave the highest average return of around 22.92%, followed by international funds which gave 21.79% average return. Mid cap and small cap gave an average return of 20.63% and 20.56% respectively. Large & mid cap funds offer 18.22% average return. Flexi cap funds gave 17.10% average return. Large cap funds stood at third last position in the return chart and gave an average return of 15.07%. Consumption and Pharma & healthcare funds gave 12.66% and 11.40% respectively in the said period. Post looking at the performance of the equity mutual funds since April's low, Mehta recommends that rebalancing should happen at fixed intervals not because the market has moved up.'Rebalancing should happen at a fixed interval, say the birthday of the investor or an important festival day like Diwali. Just because markets have moved should not be the reason for rebalancing of the portfolio. One needs to be goal oriented and align the portfolio accordingly, the goals should not change looking at the market conditions," said Mehta of SAMCO Mutual Fund. Also Read | MNC mutual funds struggle to perform, lose 3% in 1 year. What's driving the underperformance? While Minocha recommends that rebalancing involves trimming overweight equity exposure, especially in large caps, as FIIs generally invest in large caps, offering them relatively easier exits, and realigning with the original asset allocation, and it is important to stay with your plan and not succumb to market should always invest based on their risk appetite, investment horizon, and goals. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Time of India
30-06-2025
- Business
- Time of India
Sensex vaults 11,000 points from April lows. Which mutual funds should you buy?
With the benchmark index - BSE Sensex - up by 10,920 points from its April low level and reaching at the level of 84,058 on Friday, market experts recommend that flexi-cap and large & mid-cap funds continue to be attractive investment options and to balance the portfolio, add short-duration debt or equity arbitrage funds for stability, and include gold or multi-asset funds to diversify amid global uncertainties. 'Large & Mid Cap and flexi-cap funds are still very well worth investments. Add short-duration debt or equity arbitrage for stability and gold or multi-asset funds for diversification against the backdrop of global uncertainties,' Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance shared with ETMutualFunds. Also Read | Explained: Investing in mutual funds? 10 key things to check to make better investment decisions Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 용인 480조 반도체 클러스터 한복판인 '이 아파트', 1단지는 4개월만에 완판, 2,3단지 풀렸다 용인 반도체 리딩단지 더 읽기 Undo While traditional equity categories like flexi-cap and large & mid-cap are sound for long-term investing, another expert advises a balanced approach is required rather than just considering equities, and suggests multi-asset funds to navigate current market conditions. 'A balance approach is suitable rather than only looking at equities. No doubt standard categories like Flexicap, Large & Midcap, Multicap are good from long term point of view but also looking at multi asset funds having diversified asset classes should be considered during current times,' Umeshkumar Mehta, CIO at SAMCO Mutual Fund shared with ETMutualFunds. Live Events On April 7 the benchmark index was at the level of 73,137, the lowest in the current financial year so far. The BSE Sensex has gone up by nearly 3% in the last five trading sessions from a level of 81,896 on June 23 to 84,058 on June 27. Benchmark index - BSE Sensex - touched its all-time high level on September 27, 2024. It touched a level of 85,978.25. In the last one month, Sensex has gained 3.07% and 8.31% in the last three months. In the current calendar year so far, the benchmark index has gone up by 7.57% and by 6.81% and 6.07% in the last six months and one year respectively. With the benchmark on surge since the last six months, the experts advice that one should book profits only if they are close to their goals else the long-term investors should not worry about the profit bookings and fresh investments can be staggered for six months through STP mode. Also Read | Parag Parikh Flexi Cap Fund, Quant Small Cap Fund among 17 mutual funds which deliver over 20% XIRR on SIP investments in 10 years Mehta mentioned that the market is still climbing a wall of worry on the back of yet to come tariff hikes, if any, from the US which now again is likely to be postponed. 'However, on the other side, IPOs are gaining momentum which can cause roadblocks to this rally. Investors should keep their heads down and remain invested for a decade to see amazing wealth creation in both lumpsum mode and SIP mode of investments. Fresh investment can be staggered for 6 months through STP mode,' he added. On the other hand, Minocha advises that if you are near to your goal consider profit booking, otherwise continue with the investment and one should continue with their respective SIP and consider STP for lumpsum investments. 'You should book profits if you are close to your goals, else returns can erode by the time you want to withdraw funds. However, long-term investors should not worry about booking profits. They should continue SIP and consider STP for lump-sum deployment,' Minocha said. ETMutualFunds further analysed the performance of equity mutual funds since April's low till date. The data showed that there were around 21 equity mutual fund categories, and all have yielded double-digit average returns. Out of these 21 categories, technology sector based funds gave the highest average return of around 22.92%, followed by international funds which gave 21.79% average return. Mid cap and small cap gave an average return of 20.63% and 20.56% respectively. Large & mid cap funds offer 18.22% average return. Flexi cap funds gave 17.10% average return. Large cap funds stood at third last position in the return chart and gave an average return of 15.07%. Consumption and Pharma & healthcare funds gave 12.66% and 11.40% respectively in the said period. Post looking at the performance of the equity mutual funds since April's low, Mehta recommends that rebalancing should happen at fixed intervals not because the market has moved up. 'Rebalancing should happen at a fixed interval, say the birthday of the investor or an important festival day like Diwali. Just because markets have moved should not be the reason for rebalancing of the portfolio. One needs to be goal oriented and align the portfolio accordingly, the goals should not change looking at the market conditions," said Mehta of SAMCO Mutual Fund. Also Read | MNC mutual funds struggle to perform, lose 3% in 1 year. What's driving the underperformance? While Minocha recommends that rebalancing involves trimming overweight equity exposure, especially in large caps, as FIIs generally invest in large caps, offering them relatively easier exits, and realigning with the original asset allocation, and it is important to stay with your plan and not succumb to market noise. One should always invest based on their risk appetite, investment horizon, and goals. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Economic Times
25-06-2025
- Business
- Economic Times
Market gives up gains after firing weighs on ceasefire
Indian equity indices closed with slight gains amid Middle East tensions, paring earlier advances. Investors are closely monitoring the Iran-Israel conflict, leading to market volatility. While Asian markets largely rose, oil prices declined. Analysts advise caution, suggesting selective investments and gradual deployment due to ongoing uncertainty. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: India's equity indices ended with marginal gains on Tuesday, after advancing over 1% earlier in the day, as investors kept a close watch on the fast-changing dynamics in the Middle reignited in the region after Iran launched missiles at northern Israel, just hours after a US-brokered ceasefire was meant to take effect. In response, Israel vowed a forceful retaliation, accusing Tehran of violating the BSE Sensex ended 151.36 points higher, up 0.2%, at 82,055, while the NSE Nifty 50 went up 72.45 points, or 0.3%, to settle at 25,044."The markets are expected to continue reacting sharply to developments emerging from the Iran-Israel conflict," said Umeshkumar Mehta, CIO, Samco Mutual Fund. "What we witnessed in the domestic market today was not an outlier. Such knee-jerk reactions are likely to persist until there is greater clarity on the trajectory of the conflict."The market breadth remained stronger, with 2,662 advancing and 1,339 declining out of the total 4,144 traded on BSE. Both the Nifty Midcap 150 Index and Nifty Smallcap 250 rose 0.7%.The Volatility Index or VIX - the market's fear gauge - ended 2.9% lower at 13.6 points. Elsewhere in Asia, China gained 1.2%, Hong Kong jumped 2.1%, South Korea moved up 3%, Taiwan advanced 2.1% and Indonesia rose 1.2%. Oil prices fell further on Tuesday, hitting a two-week low, as concerns over potential supply disruptions in the Middle East eased. Brent crude dropped $2.48, or 3.5%, to $69 a are advising investors to tone down optimism. "Let domestic liquidity guide your short-term moves. Stay selective, deploy gradually and pare down weak or leveraged bets as we near 26,000," said Shrikant Chouhan, executive vice president at Kotak Securities. Foreign portfolio investors (FPIs) remained net sellers, selling shares worth ₹5,266 crore on Tuesday, BSE data showed. Domestic institutional investors (DIIs) remained net buyers, buying shares worth ₹5,209 crore.
Time of India
25-06-2025
- Business
- Time of India
Market gives up gains after firing weighs on ceasefire
Mumbai: India's equity indices ended with marginal gains on Tuesday, after advancing over 1% earlier in the day, as investors kept a close watch on the fast-changing dynamics in the Middle East. Tensions reignited in the region after Iran launched missiles at northern Israel, just hours after a US-brokered ceasefire was meant to take effect. In response, Israel vowed a forceful retaliation, accusing Tehran of violating the truce. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This might be relevant for you Undo The BSE Sensex ended 151.36 points higher, up 0.2%, at 82,055, while the NSE Nifty 50 went up 72.45 points, or 0.3%, to settle at 25,044. "The markets are expected to continue reacting sharply to developments emerging from the Iran-Israel conflict," said Umeshkumar Mehta, CIO, Samco Mutual Fund. "What we witnessed in the domestic market today was not an outlier. Such knee-jerk reactions are likely to persist until there is greater clarity on the trajectory of the conflict." The market breadth remained stronger, with 2,662 advancing and 1,339 declining out of the total 4,144 traded on BSE. Both the Nifty Midcap 150 Index and Nifty Smallcap 250 rose 0.7%. Live Events The Volatility Index or VIX - the market's fear gauge - ended 2.9% lower at 13.6 points. Elsewhere in Asia, China gained 1.2%, Hong Kong jumped 2.1%, South Korea moved up 3%, Taiwan advanced 2.1% and Indonesia rose 1.2%. Oil prices fell further on Tuesday, hitting a two-week low, as concerns over potential supply disruptions in the Middle East eased. Brent crude dropped $2.48, or 3.5%, to $69 a barrel. Analysts are advising investors to tone down optimism. "Let domestic liquidity guide your short-term moves. Stay selective, deploy gradually and pare down weak or leveraged bets as we near 26,000," said Shrikant Chouhan, executive vice president at Kotak Securities. Foreign portfolio investors (FPIs) remained net sellers, selling shares worth ₹5,266 crore on Tuesday, BSE data showed. Domestic institutional investors (DIIs) remained net buyers, buying shares worth ₹5,209 crore.
Mint
24-06-2025
- Business
- Mint
Expert view: Nifty may deliver single-digit returns in CY25; positive on pharma, private banks, says SAMCO MF CIO
Expert view on markets: Umeshkumar Mehta, CIO of SAMCO Mutual Fund, expects no significant positive surprises on the earnings front, which may keep market momentum in check. Talking to Mint, Mehta shared his views on the Indian stock market, key challenges and the sector he is positive about. Here are the edited excerpts of the interview: We expect benchmark indices to deliver single-digit growth for the year. The modest performance of the Nifty 50 in the first half was largely driven by a slowdown in corporate earnings. Looking ahead to the second half, we do not foresee any significant positive surprises on the earnings front, which may keep market momentum in check. Adding to the subdued outlook is the overhang of geopolitical uncertainty, particularly the Iran-Israel conflict. The duration of this conflict remains unpredictable, but its prolonged continuation could have broader implications. Iran, being one of the world's largest producers and suppliers of oil and gas, plays a critical role in the global energy ecosystem. Any sustained disruption in this region could lead to volatility in crude oil prices, with potential ripple effects across the global economy. Currently, the Indian stock market is navigating several obstacles: Geopolitical instability, particularly the escalating tensions in the Middle East involving Iran and Israel, continues to weigh on investor sentiment. Additionally, the deadline for the three-month extension of the tariffs is approaching fast, adding to global trade-related uncertainty, which could have ripple effects. Domestically, there are segments within the small and mid-cap segments where valuations are a matter of concern. Despite headwinds, India stands out for its macroeconomic resilience. This is characterised by resilient domestic demand, stable inflation and a policy environment. Investors with a long-term horizon should use corrections as an opportunity to accumulate rather than waiting for complete clarity, which may never fully arrive. The pharmaceutical sector continues to present compelling opportunities for investors, supported by a mix of strong domestic fundamentals and favourable global dynamics. In the current geopolitical climate, the China+1 strategy has gained further momentum as global companies look to diversify their supply chains away from China. This shift places India in a strategic position, given its established leadership in generic drug manufacturing, robust R&D capabilities, and cost-effective production processes. With a reputation for producing high-quality medicines at globally competitive prices, India's pharma industry is well-positioned to play an even more critical role in global healthcare. Domestically, rising healthcare awareness, increased government spending, and growing demand for affordable medicines are additional tailwinds that strengthen the sector's long-term growth prospects. Private sector banks have witnessed a rally in recent weeks, yet they continue to offer valuation comfort relative to other segments of the market. Their strong fundamentals, healthy balance sheets, and improving credit growth outlook position them well for sustained performance. The recent RBI rate cut further enhances their prospects by reducing funding costs and potentially boosting loan demand, making the sector an attractive option for investors seeking both stability and growth. On the consumption front, while overall demand has been somewhat subdued, early signs of recovery are visible, particularly in rural areas. The tax cuts announced in the February Union Budget are gradually starting to benefit middle-class households and small businesses, translating into higher disposable income. As spending picks up, sectors such as FMCG, travel, apparel, and restaurants are likely to see increased traction, offering strong long-term potential for investors riding India's consumption wave. In India, after implementing a front-loaded 100 basis point cut in the repo rate, the Reserve Bank of India (RBI) is expected to hold off on further action for now, allowing time to gauge the effects of the easing. Additional rate cuts could be on the table if economic growth weakens further or if disinflation gains momentum, with any potential moves most likely to be considered in the December or February policy meetings. The interest rate trajectory in the US this year is likely to remain cautious and data-dependent, which reflects the Federal Reserve's wait-and-watch stance given the economic uncertainty due to tariffs. Inflationary pressures continue to persist due to tariff-related risks and geopolitical developments. The Fed appears hesitant to pursue aggressive monetary easing. While some policy easing later in the year cannot be ruled out, particularly if growth softens, the overall stance suggests that any such moves would be limited. However, the outlook could shift if economic data around consumer sentiment and GDP growth weaken. A sharper-than-expected economic downturn could compel the Fed to reconsider its position and adopt a more accommodative approach. For Indian equities, the trajectory of US interest rates remains a key external factor. The Fed's stable or accommodative policy stance tends to favour emerging markets by improving liquidity conditions and boosting investor confidence. This could be beneficial for Indian equity. However, continued global uncertainty, particularly from US trade policies and inflation dynamics, could further increase volatility in the markets. 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.
