Why top fund houses are playing contrarian in this market

THE ECONOMIC TIMES Fri, Jun 14, 2019 | 04:55 AM IST ET Investment Opportunities

Why top fund houses are playing contrarian in this market Total AUM of the mutual fund industry stood at Rs 25.43 lakh crore at the end of May Ridham Desai lists two themes that may emerge as mega trends I pay attention only to valuations and earnings, and so far, valuations are okay: Ridham Desai Kacholia's latest stock pick from chem space is showing prospects The company's latest annual report showed the stock picker acquired 7,50,000 shares. 80% of PMSes delivered in May: Look who all missed the jackpot The minimum investment threshold for PMS schemes is Rs 25 lakh.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset Large Cap Fund Direct- Growth 7.32 9.97 11.56 17.50 Axis Bluechip Fund Direct Plan-Growth 7.91 11.53 11.88 17.33 JM Core 11 Direct Plan-Growth 4.73 10.22 6.74 17.04 Reliance Large Cap Fund Direct-Growth 6.84 9.46 10.79 17.00 Mirae Asset Large Cap Fund Regular- Growth 7.22 9.36 10.43 16.52 FeaturedDHFL Pramerica Large Cap Fund Direct Plan-Growth ★★★★★ 7.75 12.12 8.90 13.00 Start SIP

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How to stay rich: Top tips to preserve wealth over generations Fights over succession planning or individual investment decisions can pull a family apart. This uninvited guest can crash midcap party on Dalal Street As the euphoria from the election victory fades, the focus is shifting back to reality. Best of both worlds: Mix growth, value investing for mega returns At any given point of time, the market provides opportunity for both types of strategies. Gold rally comes to a halt, but will resume soon: Buy on dips Weaker-than-expected US jobs data propelled gold prices to three-an-a-half months high.

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Market Moguls: Why is market ready to take this pain in economy Earnings growth will look better in FY20 largely due to corporate-focused private banks. Let's play catch up: How to trade commodity futures and options MCX is the largest, and listed, metals and energy exchange.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   Sudarshan Pharma Industries Ltd. 75.00 12-06-2019 17-06-2019 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-G Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-D Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-DQ Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-DY Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-Flexi D Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 More >>

Real Estate News

Prime property demand may look up in H2 of FY19: Knight Frank Delhi saw the highest price increment of 4.4 per cent in the first quarter of 2019.

Amrapali homebuyers seek 'stress fund' to finish flats Though the final order in the Amrapali case is still pending in the Supreme Court, a bench comprising had earlier asked Noida Authority if it could complete the pending work of Amrapali.

Housing plan applications likely above 50,000: DDA The application money will be refunded later to the unsuccessful applicants. Under Housing Scheme 2019, DDA had put 17,922 HIG, MIG, LIG and EWS flats on sale.

Unsold stocks of luxury flats down 12% in last one year: ANAROCK "To put it in numbers, the current unsold stock of luxury homes (priced between Rs 1.5 crore to Rs 2.5 crore) has reduced to about 42,650 units (in Q1 2019) against 48,300 units as in Q1 2018."

Jaypee Infratech home buyers may stop paying EMIs Voting will end Monday on NBCC's bid for Jaypee Infratech. Bid requires 66% votes in favour to go through.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   SBI Capital Protection Oriented Fund - Series A (Plan 4) Direct-G Hybrid: Conservative Hybrid Closed-end 04 Jun 2019 18 Jun 2019 5,000 SBI Capital Protection Oriented Fund - Series A (Plan 4) Reg-G Hybrid: Conservative Hybrid Closed-end 04 Jun 2019 18 Jun 2019 5,000 Shriram Balanced Advantage Fund Reg-D Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 2019 28 Jun 2019 5,000 Shriram Balanced Advantage Fund Direct-G Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 2019 28 Jun 2019 5,000 Shriram Balanced Advantage Fund Reg-G Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 2019 28 Jun 2019 5,000 More >>

Views and Recommendations

Buy KEC International, target Rs 383: Reliance Securities 13 June, 2019, 02:40 PM IST KEC International is a midcap company, operating in power sector. Buy Buy Varun Beverages, target Rs 1,106: ICICI Securities 13 June, 2019, 01:04 PM IST Varun Beverages is a midcap company, operating in beverages - non-alcoholic sector. Buy Reduce Avenue Supermarts, target Rs 1,280: Edelweiss Securities 13 June, 2019, 12:50 PM IST Avenue Supermarts is a largecap company, operating in retail sector. Reduce Buy Pokarna, target Rs 215: ICICI Direct 13 June, 2019, 12:35 PM IST Pokarna's topline grew 63.1 per cent year-on-year (YoY) to Rs 144.7 crore in Q4FY19. Buy

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Yes Bank tries damage control | DHFL promoters to halve stake | Singhania's 5 bets on Modi 2.0

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DAILY BRIEF Thu, Jun 13, 2019 #ValueInvestor#SmallcapHunters#Paathshala#ExpertView#Podcast SENSEX 39741.36 -15.45 NIFTY 50 11914.05 7.85 Gold 32875.00 130.00 USD/INR 69.50 0.15

TOP OF THE DAY Tech View: Nifty forms Hammer candle as bulls stage fightback A Hammer-like pattern usually has bullish connotation for the near term. F&O: Buying emerges on decline; shorts pile up in CEAT, Yes Bank After Market: Yes Bank slips 13%; 236 stocks hit 52-week lows 1,650% surge in 5 yrs & counting: This smallcap could deliver more India Inc changing: Not clued in? Will lose money in stocks Yes Bank tries damage control Rana Kapoor says no plan to join YES Bank board, backs top team

Top Gainers NSE 2 companies (largecap) appreciated more than 5% Ibull HousingFin 11.79% Adani Transmission Ltd. 5.18% More from Gainers Top Losers NSE 2 companies (largecap) price decreased more than -5% YES Bank -13.10% IndusInd Bank -5.16% More from Losers 52 Week High NSE 16 companies touched new 52-week high today Kesar Enterpr 10.00% Neogen Chemicals Ltd. 7.03% More from 52 Week High

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DHFL promoters to halve stake According to sources, promoters have also expressed their intent to quit the management. Soaring mercury may not swell returns on AC stocks this summer Rel Cap calls PWC's observations baseless, unjustified Singhania's 5 bets on Modi 2.0

Market moguls Podcast Video Why is the market ready to take this short-term pain in economy ETMarkets Evening Podcast: Will D-Street continue to be volatile? Anybody who says there were divisions within Yes Bank board is completely wrong: Ravneet Gill

RECOMMENDATIONS KEC International Ltd. Buy KEC International, target Rs 383: Reliance Securities Buy Varun Beverages Ltd. Buy Varun Beverages, target Rs 1,106: ICICI Securities Buy Avenue Supermarts Ltd. Reduce Avenue Supermarts, target Rs 1,280: Edelweiss Securities Reduce Pokarna Ltd. Buy Pokarna, target Rs 215: ICICI Direct Buy Tata Motors Ltd. Hold Tata Motors, target Rs 186: Edelweiss Securities Hold

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