With the Nifty 50 moving up by 25 per cent and Nifty Midcap 50 rising by 35 per cent in a span of 6 months, stock picking has become difficult.
Market cap is calculated as the number of shares outstanding multiplied by the current market price of one share.
For buyers, this is a great opportunity. Unlike regular mutual funds where one buys units at the existing NAV , getting units at a discount is a great deal.
Since growth will be slow, the stimulus will continue from central banks, which will probably continue to drive the markets higher, says Baptist.
In the past four years, banks and non-banking financial companies (NBFCs) have raised close to Rs19,000 crore through these bonds.
The regular KYC process requires submission of KYC form with investor signature and additional documents for ID and address proof.
If yields move up due to volatility, investors holding long duration funds like gilt funds could end up making mark to market losses on their portfolio.
Investors have taken a liking to arbitrage funds again. AUMs of arbitrage funds rose Rs 3,400 cr in July to touch Rs 26,637 cr, according to Accord Fintech.
The underweight and overweight positions of a fund as compared to its benchmark helps to understand the view of the on the sector and his expectations.
Stocks like Balkrishna Industries, KPIT Tech and Sintex entered MF portfolios, while Ajanta Pharma, Balaji Telefi lms, Amara Raja Batteries saw profit booking.
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