Unfazed by Sensex fall! Prashant Jain says stocks to rebound, deliver big in 2020

THE ECONOMIC TIMES Fri, Mar 13, 2020 | 07:07 AM IST ET Investment Opportunities

Unfazed by Sensex fall! Prashant Jain says stocks to rebound, deliver big in 2020 ED & CIO at HDFC Mutual Fund says the market usually returns to sanity after such a big fall. Sensex crashes: Here's how to come out winners from this market Market experts say panicking in such situation can lead to more wealth erosion. Don't panic! This is the time to accumulate systematically: Madhu Kela Be systematic, digest the volatility and invest with a 3-5 year timeframe, says the market veteran. Shankar Sharma steers clear of equity, sees recession warning Investors must let things play out instead of trying to time the peak of the virus outbreak.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -14.59 -0.16 5.55 14.26 Axis Bluechip Fund-Growth -14.66 -0.73 4.33 12.78 Canara Robeco Bluechip Equity Fund Direct-Growth -17.03 -1.67 -1.29 8.52 Mirae Asset Large Cap Fund Direct- Growth -12.38 -3.27 -2.97 8.26 Mirae Asset Large Cap Fund Regular- Growth -12.46 -3.80 -4.03 7.28 FeaturedICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth ★★★★★ -14.56 -5.52 -7.42 3.57 Start SIP

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India's 'BEER', not alcohol, may lift virus fear among stock investors BEER ratio has fallen below 1, suggesting that the stock market has become undervalued. If you go stock picking after the selloff, these stocks should be absolute no-no Market veterans do not see any silver lining for these stocks as long as virus scare remains. SBI Cards IPO: Grey market hints at low double-digit premium The cards business of SBI is likely to fix the issue price at Rs 755, the upper limit of IPO price band. 5 of 16 IPOs doubled money in 2019. SBI Card will show what 2020 holds The IPO market had a lackluster start to calendar 2020 until the much-awaited SBI Card issue hit the market earlier this week.

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Coronavirus or not, this top midcap fund manager bets on consumers Consumer-related stocks accounted for about a third of the fund's $270 million in assets. It makes sense to accumulate small, midcaps now: Nilesh Shah If you take the pain of catching a falling knife over a period of time, you will make a lot of money from there, says Kotak AMC MD.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   RO Jewels Ltd. 36.00 12-03-2020 17-03-2020 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   SBI FMP - Series 31 (1160 Days) Direct-D Debt: FMP Closed-end 06 Mar 2020 13 Mar 2020 5,000 SBI FMP - Series 31 (1160 Days) Direct-G Debt: FMP Closed-end 06 Mar 2020 13 Mar 2020 5,000 SBI FMP - Series 31 (1160 Days) Reg-D Debt: FMP Closed-end 06 Mar 2020 13 Mar 2020 5,000 SBI FMP - Series 31 (1160 Days) Reg-G Debt: FMP Closed-end 06 Mar 2020 13 Mar 2020 5,000 UTI Fixed Term Income Fund - Series XXXIII - I (1135 Days) Reg-G Debt: FMP Closed-end 11 Mar 2020 13 Mar 2020 5,000 More >>

Real Estate News

Covid-19 is expected to delay commercial real estate deals "It is a Black Swan event that comes with implications for the world economy. The disruption to business cycles is bound to impact commercial real estate decision-making as well," said Gautam Saraf, managing director at Cushman & Wakefield in Mumbai.

Haven't paid property tax? Your cellphone may be seized Anyone failing to pay the tax for 2019-20 by March 31 may have to face legal action as per the Delhi Municipal Corporation Act, like penalties with interests, attachment of account/movable or immovable property that may also be auctioned.

MahaRERA: Buyers to decide fate of incomplete projects The promoters, who have failed to meet the deadline after the first extension, would not be able to sell or advertise any of their projects. On the other hand, consumers would not be able to register their properties because the RERA registration would lapse.

'Housing prices in Gurugram fall 7%, Noida by 4% in last 5 years' However, Hyderabad saw the average value of apartments increase by 40 per cent to Rs 5,318 per square foot. In Mumbai, the average value rose 15 per cent to Rs 9,446 per sq ft.

MoRD to seek two more years to meet housing for all target According to sources, the rural development ministry would seek Cabinet approval for extension till March 31, 2022. The mission, which was launched in 2016, had set an initial target of constructing 2.95 crore houses based on Socio-Economic Caste Census 2011 data. The ministry had set the target of constructing 1crore houses in the first phase of PMAY-Gramin by March 31, 2019.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Union Midcap Fund Direct-G Equity: Mid Cap Open-ended 02 Mar 2020 16 Mar 2020 5,000 Union Midcap Fund Reg-D Equity: Mid Cap Open-ended 02 Mar 2020 16 Mar 2020 5,000 Union Midcap Fund Reg-G Equity: Mid Cap Open-ended 02 Mar 2020 16 Mar 2020 5,000 Union Midcap Fund Direct-D Equity: Mid Cap Open-ended 02 Mar 2020 16 Mar 2020 5,000 SBI Capital Protection Oriented Fund - Series A (Plan 8) Direct-G Hybrid: Conservative Hybrid Closed-end 03 Mar 2020 17 Mar 2020 5,000 More >>

Views and Recommendations

Sell Ambuja Cements, price target Rs 160: Kunal Bothra 12 March, 2020, 11:22 AM IST The analyst suggested a stoploss at Rs 180. Sell Sell PVR, price target Rs 1,330: Kunal Bothra 12 March, 2020, 11:22 AM IST The analyst suggested a stoploss at Rs 1420. Sell HSBC retains buy on Concor, lowers target price to Rs 580 12 March, 2020, 08:27 AM IST Beyond a weak fourth quarter, the outlook is strong with cyclical volume recovery, potential privatisation and DFC commissioning, said HSBC. Buy Kotak Institutional Equities upgrades Bajaj Auto to buy, lowers target price to Rs 3,100 12 March, 2020, 08:23 AM IST The brokerage has upgraded the stock to buy as valuations turn attractive given strong growth prospects in export markets. Buy

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