Select midcaps will emerge stronger, says Neelesh Surana of Mirae Asset

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THE ECONOMIC TIMES Fri, Jul 31, 2020 | 08:03 AM IST Mutual Funds Newsletter

Select midcaps will emerge stronger, says Neelesh Surana of Mirae Asset The returns of the fund have been about 5x in 10 years -- our optimism sustains, and we continue to be resolute in our faith in India's growth prospects. Does it still make sense to invest in gold? Since gold has delivered very high returns than other asset classes, it has been gaining a lot of traction among investors. Investors build unusual mutual fund portfolios to navigate Covid times Some investors are losing faith in traditional mutual fund portfolios. They are picking and choosing mutual fund categories and building portfolios that they believe would serve them better in these trying times. Is it time to sell your duration debt mutual funds? Most retail Investors use debt mutual funds as a substitute to fixed deposits. Historically, the category has generated better post-tax returns than fixed deposits. Looking for mutual funds with double-digit returns? Here is the list Many investors are disappointed with their mutual fund returns in the last two to three years. They simply can't understand why they are earning meagre returns when the key stock market indices have regained substantially. Some of them are looking for schemes that have given double-digit returns in the past year. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 10.46 6.42 -5.55 5.87 Invest Now Axis Bluechip Fund-Growth ★★★★★ 9.01 5.13 -6.16 5.75 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 8.73 11.11 -2.69 6.68 Invest Now Canara Robeco Bluechip Equity Fund Regular-Growth ★★★★★ 7.29 10.07 -3.19 6.00 Invest Now HDFC Index Sensex Fund-Growth ★★★★★ 5.92 1.20 -7.49 8.46 Invest Now Will the new Sebi rule boost returns of corporate bond funds? The Securities and Exchange Board of India's new rule asking mutual funds to trade at least 10% of their corporate bond deals through exchanges are likely to enhance transparency and better price for these bonds. Markets will test discipline, temperament of all of us: Kalpen Parekh of DSP Mutual Fund DSP Mutual Fund is a respected name in the mutual fund industry. It has been two years since the fund house parted ways with its foreign partner and started operating on its own. We spoke to Kalpen Parekh, President, DSP Investment Managers, find out how the fund house fared in the last two years, and his plans for it.

TERM OF THE WEEK Consumer Price Index A comprehensive measure used for estimation of price changes in a basket of goods and serv... read more

New Fund Offers Fund Name Category Type Open Close Min Inv ICICI Pru Alpha Low Vol 30 ETF-G Equity: Large Cap Open-ended 03 Aug 10 Aug 5000.00 More >>

Forthcoming Dividend Fund Name Category Type Record Date Div Per Unit Canara Robeco Conservative Hybrid Reg-DM Hybrid: Conservative Hybrid Open-ended 31 Jul 2020 0.10 Canara Robeco Equity Hybrid Reg-DM Hybrid: Aggressive Hybrid Open-ended 31 Jul 2020 0.65 Canara Robeco Consumer Trends Reg-D Equity: Thematic-Consumption Open-ended 31 Jul 2020 1.30 Canara Robeco Short Duration Reg-DM Debt: Short Duration Open-ended 31 Jul 2020 0.06 Canara Robeco Conservative Hybrid Direct-DM Hybrid: Conservative Hybrid Open-ended 31 Jul 2020 0.10 * Funds with daily dividend distribution frequency options are excluded More >>

Weekly Mutual Funds Activity Date Equity ( Cr.) Debt ( Cr.) Gross Purchase Gross Sale Net Pur./Sale Gross Purchase Gross Sale Net Pur./Sale 29-07-2020 1391.07 1691.38 -300.31 1847.12 2770.66 -923.54 28-07-2020 2911.55 3355.94 -444.39 7727.22 7889.47 -162.25 27-07-2020 2304.88 2803.04 -498.16 4286.33 5393.67 -1107.34 24-07-2020 2856.35 3474.66 -618.31 3448.00 2479.28 968.72 23-07-2020 2616.41 3185.64 -569.23 5530.71 4779.10 751.61 22-07-2020 1947.12 3252.46 -1305.34 4839.02 4330.60 508.42 21-07-2020 2265.58 2819.54 -553.96 7261.37 7513.98 -252.61 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 ICICI Prudential Regular Gold Savings (FOF) Direct-Growth 17.8865 5.64 185.70 - - 0.09 Axis Focused 25 Direct Plan-Growth 31.3000 1.23 9283.05 - 0.63 Axis Focused 25 Fund-Growth 28.4100 1.21 9283.05 - 2.01 Axis Small Cap Fund Direct-Growth 31.7500 1.08 2124.83 - 0.30 Motilal Oswal Focused 25 Fund Direct-Growth 25.1893 0.90 1107.01 - 0.88 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 Quant Tax Plan Direct-Growth 103.7687 3.70 9.03 - 0.57 Parag Parikh Tax Saver Fund Direct - Growth 11.4581 2.70 37.69 - 1.16 Parag Parikh Tax Saver Fund Regular - Growth 11.3150 2.67 37.69 - 2.46 SBI Tax Advantage Fund Series III Direct Growth 29.9874 2.22 18.48 - 0.88 SBI Tax Advantage Fund Series III Regular Growth 29.2335 2.21 18.48 - 1.38 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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FPIs, MFs turn gung-ho on these 12 stocks; they’re worth a look

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THE ECONOMIC TIMES Fri, Jul 31, 2020 | 08:23 AM IST ET Investment Opportunities

FPIs, MFs turn gung-ho on these 12 stocks; they're worth a look Domestic mutual funds and foreign portfolio investors (FPIs) both turned bullish on at least a dozen common stocks in June quarter. Stocks that made money for equity fund schemes in April-June Shareholding data available till July 27 showed fund houses raised stakes in at least 255 companies during the quarter. Many of these stocks climbed as much as 162 per cent in Q1FY21. Realty biggies grow share 3 times; minnows get booted out Combined market share of top 10 property players increased three times to 37 per cent at the end of Q1FY21 from 13 per cent in 2019. Indian value investors sold into April-June stocks rally Ashish Kacholia topped the sellers' list. His stakes in Hikal, MIRC Electronics, Mold-tek Packaging, Mastek, Nocil and Gati fell below 1 per cent in June quarter.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth 5.87 -5.55 6.42 10.46 Axis Bluechip Fund-Growth 5.75 -6.16 5.13 9.01 Canara Robeco Bluechip Equity Fund Direct-Growth 6.68 -2.69 11.11 8.73 Canara Robeco Bluechip Equity Fund Regular-Growth 6.00 -3.19 10.07 7.29 HDFC Index Sensex Fund-Growth 8.46 -7.49 1.20 5.92

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Here's why Buffett style of investing may not be right for you 'Warren Buffett is making a big mistake in waiting to invest $100 billion in one investment. If he had just invested in 10 stocks, $10 billion each, he would have done much better.' LIC made a killing in April-June rally: Here's what paid off Data showed the country's biggest lenders HDFC Bank, ICICI Bank, Kotak Mahindra Bank and State Bank of India (SBI) found favours with the institutinal investor during the quarter. 100 stocks where promoters raised stake bounce 10 to 275% Any rise in promoter holding in an equity, that too in a tough environment, is considered good omen, as it shows insiders' the commitment to their businesses and confidence on future growth prospects. World's second most widely tracked stock is from India As many as 59 analysts covered ICICI Bank, and all of them had 'buy' ratings on the lender.

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As share prices fall, India Inc stocks up on Esops Bajaj Auto Esop Trust and Bajaj Finserv Esop Trust have both acquired nearly a lakh shares each from the open market since March. Similarly, Bharti Infratel Employees' Welfare Trust has bought 2.37 lakh shares from the secondary market. Centrum ESPS Trust has purchased 7.8 lakh shares while Firstsource Employee Benefit Trust has bought 1.4 crore shares from the secondary market since March, recent data from stock market filings show. Are new retail investors in for shock? Tune in! We ask our expert if many of these new class of investors are going to end up with burnt fingers in this market frenzy.

Real Estate News

Buying and registering property will soon be hassle-free The single-window portal will integrate online applications of different government agencies and departments. Those buying property would be able to search for maps, land records and download papers by clicking on the same window without any pop-up or web page migration.

Over 7 lakh unsold housing units across 8 cities: Report Eight residential market in India have over seven lakh unsold housing units as on June 30, according to a report by PropTiger.com. Inventory overhang, however, has increased to 35 months as against 28 months last year.

Top 8 property markets see 5.4% decline in Q1 average prices The National Capital Region (NCR) exhibited a maximum decrease in prices by 9 per cent while Bengaluru, Chennai, Mumbai Metropolitan Region (MMR) and Pune witnessed a drop of 4 per cent each.

More consumers keen on home ownership despite Covid: Survey The survey was conducted online covering over 2,500 prospective homebuyers from Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, Hyderabad, Chennai and Pune.

Demand for rental accommodation in key cities starts easing The residential property market in metros such as Bengaluru, Mumbai, Delhi, Pune and Chennai have witnessed an increasing number of young professionals vacating rented homes and paying-guest accommodation, or asking for rent relief. Many such tenants have moved to their hometowns or are in the process of doing so, with companies also extending the work-from-home option as there is no let-up in the pandemic situation.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   ICICI Pru Alpha Low Vol 30 ETF-G Equity: Large Cap Open-ended 03 Aug 2020 10 Aug 2020 5,000 More >>

Views and Recommendations

Buy Coromandel International, target price Rs 942: Geojit 30 July, 2020, 10:34 AM IST Coromandel International (CRIN) is one of the leading private sector fertilizer producers in the country with significant presence in South India. Buy Buy Healthcare Global, target price Rs 170: Edelweiss 30 July, 2020, 10:34 AM IST Healthcare Global Enterprises Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 1120.16 Crore) operating in Hospitals & Allied Services sector. Buy Buy FDC, target price Rs 360: Anand Rathi 30 July, 2020, 10:34 AM IST FDC Ltd. was founded in 1936 to import drugs, infant foods and surgical appliances for distribution in India. Buy Buy Hikal, target price Rs 193: Anand Rathi 30 July, 2020, 10:34 AM IST Founded in 1988, Hikal Limited (HIKAL) is a Leading Sustainable Technology driven company serving the Crop Protection & Pharmaceutical Industries. Buy

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