Gold near Rs 50,000. Does it make sense to invest now?

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THE ECONOMIC TIMES Fri, Jul 03, 2020 | 08:10 AM IST Mutual Funds Newsletter

Gold near Rs 50,000. Does it make sense to invest now? While global uncertainties may be keeping gold up at the moment, its formidable track record makes a strong case for investments in gold, say fund managers. Equity returns may be in low teens this year: Balasubramanian of ABSL Mutual Fund "If you have the bandwidth to continue your investments, then do not stop them or redeem in a market correction," Balasubramanian advises. Stamp duty to pinch liquid fund returns further The move by the Securities and Exchange Board of India to hold at least 20% of liquid funds' corpus in liquid assets like cash and government securities from July 1 could squeeze returns further. Markets may remain volatile in near term, Nimesh Shah of ICICI Pru MF "No one knows how long the pandemic related situation will continue and hence the fallout from this and the magnitude of economic impact remains hazy." 10 or 12 mutual funds in your portfolio do not guarantee diversification. Here is why? Many new investors are eager to create wealth over a long period. They choose the best equity mutual fund for the purpose. Since they know a little about the advantage of diversifying, they also try to invest in multiple schemes. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.42 -3.17 -9.46 4.45 Invest Now Axis Bluechip Fund-Growth ★★★★★ 8.97 -4.32 -10.02 4.34 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 8.39 0.15 -6.28 4.99 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 7.07 -1.21 -6.94 4.80 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 5.18 -10.59 -14.35 6.34 Invest Now FeaturedICICI Prudential Corporate Bond Fund Direct Plan -Growth ★★★★★ 8.74 11.93 6.48 1.77 Invest Now Upbeat about equity mutual funds? Look at these numbers Many equity mutual fund investors are suddenly feeling positive. The double-digit returns offered by most equity mutual fund categories in three- and one-month periods seem to have reassured many investors, say mutual fund advisors. Is it time to move money from savings accounts to debt mutual funds? Bank saving deposit rates are coming down and this definitely gives debt mutual funds an edge over the savings bank account in terms of post-tax returns. However, the comparison is not that easy.

TERM OF THE WEEK Pink Slip The American expression 'pink slip' is used to describe the termination notices issued by ... read more

New Fund Offers Fund Name Category Type Open Close Min Inv HSBC Focused Equity Fund Direct-D Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 HSBC Focused Equity Fund Reg-G Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 HSBC Focused Equity Fund Reg-D Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 HSBC Focused Equity Fund Direct-G Equity: Multi Cap Open-ended 01 Jul 15 Jul 5000.00 More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 01-07-2020 1592.42 834.29 758.13 3706.39 3147.35 559.04 30-06-2020 3770.18 1920.52 1849.66 7223.99 5454.75 1769.24 29-06-2020 3370.42 1934.42 1436.00 8293.94 6720.56 1573.38 26-06-2020 2912.43 2198.27 714.16 6935.31 6604.15 331.16 25-06-2020 8956.41 10990.62 -2034.21 6570.42 5501.88 1068.54 24-06-2020 3113.18 4107.85 -994.67 6134.64 5375.81 758.83 23-06-2020 2565.37 2866.46 -301.09 7593.32 6241.43 1351.89 Click here to view all WMF >>

Top Mutual Funds of the week (5-Star Rating) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt SBI Banking & Financial Services Fund Direct-Growth 15.9942 1.91 1424.43 - 1.16 SBI Banking & Financial Services Fund Regular-Growth 15.1784 1.88 1424.43 - 2.41 HDFC Index Sensex Fund-Growth 314.5485 1.55 787.00 - 0.30 Mirae Asset Tax Saver Fund Direct-Growth 18.0280 1.49 3164.03 - 0.45 Motilal Oswal Focused 25 Fund Direct-Growth 23.9723 1.40 1185.09 - 0.91 Click here to view all TMFW (5 Star) >>

Top Mutual Funds (All Ratings) Scheme Name Nav Returns Ratings AUM(Cr.) Style Box Expense Ratio Equility Debt BNP Paribas Long Term Equity Direct-Growth 39.6530 1.60 457.04 - 1.19 BNP Paribas Long Term Equity Fund-Growth 37.4480 1.57 457.04 - 2.42 HDFC Long Term Advantage Direct Plan-Growth 326.9250 1.55 1266.55 - 1.68 HDFC Long Term Advantage Fund-Growth 313.2090 1.54 1266.55 - 2.20 Mahindra Manulife ELSS Kar Bachat Yojana Direct -Growth 11.1130 1.51 306.15 - 0.68 Click here to view all TMF ( All Ratings) >>

QUICK LINKS - MUTUAL FUND STATS 3 Best Funds- Category Wise Top Tax Saving Schemes Schemes with Lowest Expense Ratio Top Performing Schemes Latest Dividends Schemes with Highest Risk Adjusted Returns Top Star Rated Schemes AUM Monitor Category Performance Exchange traded funds

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15 stocks that analysts say can emerge Dark Horses on Dalal Street

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THE ECONOMIC TIMES Fri, Jul 03, 2020 | 08:15 AM IST ET Investment Opportunities

15 stocks that analysts say can emerge Dark Horses on Dalal Street Analysts say the time to pick quality stocks is now, as risk-reward ratio has turned favourable. How to invest Rs 1 lakh in a Covid-hit market With economic outlook very uncertain, should you still remain heavy on equities? This NBFC is back with a bang, and promises to go the distance It is the 11th-most valued company in India, and ranks higher than country's topmost lender SBI. As FPIs return to D-Street in a big way, these new sectors find favour The banking sector continued to see a drop in value of FPIs' assets under custody.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 4.45 -9.46 -3.17 10.42 Axis Bluechip Fund-Growth 4.34 -10.02 -4.32 8.97 Canara Robeco Bluechip Equity Fund Direct-Growth 4.99 -6.28 0.15 8.39 Canara Robeco Bluechip Equity Fund Regular-Growth 4.80 -6.94 -1.21 7.07 HDFC Index Sensex Fund-Growth 6.34 -14.35 -10.59 5.18 FeaturedAxis Long Term Equity Direct Plan-Growth ★★★★★ 3.62 -11.27 -5.05 6.97 Start SIP

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Should you trim your equity exposure and move to gold? 'Have a strategic call and then look for some kind of a stable growth' Top wealth creators: Stocks that defied gravity to rally 1,600% Year to date, the indices are down 15 per cent, thanks mainly to the Covid-19 disruption. View: Smallcaps a very exciting space for the next 8-10 years 'Smallcap cos historically have not created wealth in India for various reasons' This ancillary co beating demand blues of two-wheeler makers Endurance derives nearly 80% revenue from the two-wheeler segment.

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Damani's biggest bet of 2020 has all 'sell' calls On Thursday, the stock had six 'sell' ratings on the publicly available Reuters Eikon database. These 15 stocks are flashing 'BUY' signals on tech charts Domestic markets are moving higher but analysts are still cautious of this move with some saying a correction is imminent given the disconnect between the market and ground reality. Jimeet Modi, CEO, Samco Securities told investors to be cautious, conserve cash and wait on the sidelines. Amid this level of uncertainty, here are 15 stocks that can offer solid returns over the next 3-4 weeks.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   Bonlon Industries Ltd. 28.00 30-06-2020 03-07-2020 More >>

Real Estate News

GST jolt for realty developers: Paying tax on rent they never got As per the GST framework, tax has to be paid at the time of raising invoice and not when the actual payment is made.

UHNIs looking for second homes that are more open: Report On their opinion of real estate as an asset class post Covid-19, UHNIs said that pricing will become more reasonable. According to developers offering super luxury flats, enquires in May increased as initial days of lockdown made owner feel the need of bigger home.

'35 lakh houses handed over to beneficiaries under PMAY-U' Puri said an estimated 3.65 crore jobs would be generated in the construction of all sanctioned houses under the mission and of these, about 1.65 crore jobs would have already been generated.

Early trends show downward pressure on MMR property prices According to registration data available for 275 projects, around 70% have witnessed a decline in the last two months of May and June from average prices in 2019-20, showed a study by data analytics firm Propstack.

63% MMR property deals in FY20 at 20% premium: Report While ready reckoner premiums vary across the Mumbai region, the percentage of transactions above 20% was highest in Thane and peripheral markets beyond that, and lowest in South and central Mumbai.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   HSBC Focused Equity Fund Direct-D Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 HSBC Focused Equity Fund Reg-G Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 HSBC Focused Equity Fund Reg-D Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 HSBC Focused Equity Fund Direct-G Equity: Multi Cap Open-ended 01 Jul 2020 15 Jul 2020 5,000 More >>

Views and Recommendations

Sell Vodafone Idea, target price Rs 8: ICICI Securities 03 July, 2020, 07:36 AM IST ICICI Securities is concerned about the dip in mobile broadband subscribers, which means Voda Idea is unable to even retain subscribers who are converting from 3G to 4G. Sell Buy Minda Industries, target price Rs 320: ICICI Direct 02 July, 2020, 02:23 PM IST The brokerage continues to like Minda for its success in growing far ahead of ancillary pack and OEM clients over the years. Buy Buy JKumar Infraprojects, target price Rs 144: Anand Rathi 02 July, 2020, 01:41 PM IST As the first half is likely to be a washout, the second half has become critical for any respectable performance in FY21. Buy Buy Minda Industries, target price Rs 328: Anand Rathi 02 July, 2020, 01:15 PM IST The brokerage expects FY22 revenue of Rs 71.56 billion, at 45 per cent growth driven by underlying auto-sector growth. Buy

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