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    ABAKKUS ASSET MANAGER LLP

    Should you deploy fresh money and ideas with Sensex@80K? Aman Chowhan answers

    A clear avoid now will be companies with too much hype and euphoria, and maybe some segments within the different spaces where valuations have gone crazy, says Aman Chowhan. Some of the consumer names are trading north of 70-80 PE, which is also a clear avoid s. It has more to do with companies and valuations than any specific sector or segment, says Chowhan.

    Bears Stranglehold: Will markets fall 10% and should you worry?

    Markets rebounded on Wednesday after a steep decline, but experts warn of a possible 10% correction. With PM Narendra Modi set to take oath on June 8, market assurance remains a key factor.

    No need for big rejig in portfolio; wait for dust to settle down: Sunil Singhania

    ​So, it is 10% lower than what was expected. I think what has happened in the interim is that the exit polls raised phenomenal expectations and even now what you are seeing as a correction is largely what we went up on Monday.

    Technology-enabled professional services firm Sikich Secures $250 Million minority growth investment from Bain Capital

    Sikich LLC received a $250 million investment from Bain Capital to accelerate growth and maintain professional services leadership under CEO Christopher Geier.

    Banks want to regain power to issue lookout notices, to move Finance ministry

    Banks primarily issued LOCs to fraudulent borrowers and wilful defaulters - who they suspected could run off to take the residency or even citizenship of another country. However, last month, the Bombay High Court struck down the powers of chairmen, managing directors and CEOs of all public sector banks to issue LOCs on the grounds that the 'right to travel abroad' cannot be taken away by an executive action and the powers given to bank chiefs is arbitrary and unreasonable.

    A9 Finsight, Vivriti Asset among top 11 AIF Funds that rose 10-20% in April 2024

    A9 Finsight and Vivriti Asset were top performers among AIF Funds in April 2024, outperforming the Nifty50. Several other funds, including Income Builder Fund, also showed impressive growth.

    • Tax free settlement of family assets: How Godrej like family arrangement can help in redistribution of wealth among members without capital gain tax

      The Supreme Court of India permits re-distribution of wealth using family arrangement among the members of the family. Further using this method eliminates the possibility of the family memebers paying any capital gains tax. The Godrej family recenlty used this process. Read here to know how you too can use family arrangement process.

      Keep things simple, don't deviate from your disciplined approach for decent returns: Sunil Singhania

      ​If you increase it to 18%, the markets will double in four years. I think we are in a stage where, yes, everything is fine, but valuations are, I would say, fair. They are not cheap. They are not overly expensive. I think we are at roughly around 17, 17.2 times FY26 which is maybe 5-6% higher than the 10-year average.

      Promoter Brookfield Asset, 1 other investor to infuse Rs 457 crore into IndoStar Capital

      Brookfield will invest Rs 257 crore by subscribing to approximately 13.95 million warrants at Rs 184 each, while Florintree will invest Rs 200 crore by subscribing to 10.87 million warrants, IndoStar Capital Finance said in an exchange filing.

      Harsh Roongta on the top advantages and disadvantages of parking money in a balanced advantage fund

      According to Harsh Roongta of Fee Only Investment Advisers LLP, a balanced advantage fund allows investors to have a measured exposure to equity without timing the market, reducing risk. These funds provide equity-like returns with lower risks compared to pure equity funds. The allocation between equity and debt is determined by a formula, making them counter cyclical.

      It’s business as usual & that is a positive; government can be more aggressive in disinvestment: Sunil Singhania

      Sunil Singhania discusses the Interim Budget, stating that nothing major was expected as it is a vote on account. He notes the continuation of fiscal prudence and highlights the surprise of the fiscal deficit target for next year being 5.1%. Singhania mentions the positive outlook on the Indian economy and the possibility of the government being more aggressive on disinvestment. He also emphasizes the consistency in governance and expresses optimism in sectors like railways and solar rooftop generation.

      Aman Chowhan says market volatility due to profit booking; continues to like private banks

      Aman Chowhan of continues to like private banks and has added non-fund-based financials like wealth management companies to the portfolio. The recent correction in the market is seen as profit booking after strong gains in the past months. Chowhan believes that the correction is more of a technical than a fundamental reason. In terms of sector allocation, the portfolio has increased exposure to non-funded financials and remains selective on large PSU banks. The fund manager is confident that FIIs will continue to invest in India due to the country's growth potential and lack of other investment opportunities.

      We have to be positive on India and great returns will be made: Sunil Singhania

      “We have been slightly more constructive towards the PSU banks. Banks have done very well performance wise and in terms of fundamentals, but the stocks have not participated. It is the second and third tier PSU banks which have participated. We think there is still merit, particularly in some of the larger second tier banks.”

      There is a high chance of volatile returns for the next one year: Aman Chowhan

      “It is a bull market. All sectors have contributed to the value, including auto. But for now, we would like to continue to maintain our stance. We have some auto ancillary names into the portfolio, but not the real auto names, both on the two-wheeler as well as the four-wheeler side.”

      All is well! 5 sectors where Aman Chowhan of Abakkus Asset have been deploying cash

      “We have an internal rule that a single stock does not exceed 10% of the portfolio. Wherever stock holding has gone below 8% or 9%, we have booked profits. We are cautious on chemicals because we feel that in the next one, two quarters, there will still be some margin pressure which is very selective on the chemicals front. We are neutral on IT.”

      It is always better to cry without investing than cry after investing: Sunil Singhania

      “What I am trying to caution investors against is that the themes are good but what they are paying today should be more than paid back by future profitability. That is what the focus of investors should be. In so many companies, there was this concept of buy at any price. I think those stocks have not performed.”

      How to invest when market cycles have become shorter & sector rotation has gone crazy? Sunil Singhania explains

      “At these levels, you have to be an investor only if you believe that India will continue to grow from a three, five years perspective. Playing the market from a three, six-month perspective might not be a great experience. You know, renewed volatility is going to be the order of the day.”

      India has 4D advantage, should get back what was lost as FII outflows over next 18 months: Sunil Singhania

      India's attractiveness to foreign investors has increased due to changing global dynamics, including the importance of democracy, demographics, domestic demand, and digital infrastructure. Despite India's historically expensive market, recent outflows from foreign investors may be reversed, as the country's strong domestic demand and potential for growth make it an attractive investment opportunity.

      Market in a zone where we will have a 15% move two-three times a year: Sunil Singhania

      The appetite for Indian equity both domestically and internationally is growing, paving the way for a bullish market, according to Sunil Singhania, Founder of Abakkus Asset Manager. Singhania is optimistic about a good monsoon and growth, infrastructure spending, increasing corporate expansion, and a shift of global investments away from China toward India. Singhania says the world is stabilising, due in part to soft oil prices, settling inflation and a return of cost pressures, plus China's reopening that creates an optimistic outlook for the second half of 2023.

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