AXIS BRAND EQUITY PORTFOLIO
Q-comm audits; modest Q1 for IT firms
Happy Wednesday! Due to recent hygiene lapses by quick commerce, the government has intensified surprise inspections of their warehouses. This and more in today’s ETtech Morning Dispatch.
Veedol signs Sourav Ganguly as its brand ambassador
Veedol has a strong presence across all automotive segments, including 2-wheelers, passenger cars, agri and commercial vehicles (both heavy and small). There are products across various performance specifications and price points. Traditionally strong in the 2-wheeler segment with its flagship brand "Take-Off" and in agriculture with "Prima," Veedol is increasingly expanding its presence in the passenger car (PCMO) and commercial vehicle (CV) segments.
78K & counting: There's no stopping these bulls
The BSE benchmark ended at 78,053.52, up 712.45 points or 0.92% after hitting its lifetime high of 78,164.71. NSE's Nifty rose 183.45 points or 0.78% to a close at a record 23,721.3. The index hit an all-time high of 23,754.15 during the day.
Block deal: Goldman Sachs Funds sells nearly 48 lakh shares for Rs 50 crore in Restaurant Brands Asia
Goldman Sachs sells additional stake in RBA, the second within two weeks. On June 14, the firm sold shares worth Rs 43 crore at Rs 105.53 each, a 1.30% discount.
Chris Wood of Jefferies picks GMR Airports, trims stake in 3 bank stocks
Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.
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Block deal: Goldman Sachs Funds sells 40.6 lakh shares in Restaurant Brands Asia for Rs 43 crore
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, which sold its stake on Friday, held 1,10,12,628 shares, representing 2.22% of Restaurant Brands Asia as of March 31, 2024, according to BSE shareholding data.
Sanjiv Bhasin on three IT stocks that may outperform in near term
It would be HCL Tech, Wipro and Mphasis. We participated in this sell-off in Mphasis because of Blackstone reducing its stake. We think Mphasis is one of the best poised companies in IT. By the way, a month back I had recommended Coforge when it went to 4400, 4500, 4600 just because they are raising their QIP.
FMCG sector: Street might treat it as saviors in some phases & there is more to it than HUL, 13 stocks, with upside potential of up to 42 %
On the day of the election result and the day after that, two days in succession, everyone was talking about FMCG stocks. Explanations about why they are safe heaven stocks, how the focus on rural income and consumption will benefit them. Third day, the broader market recovered and FMCG was probably the only loser. This is not the first time that it has happened. For ages, FMCG stocks have been considered defensive stocks. Whether FMCG stocks should be defensive is a different issue. What is relevant is that there is a probability that going forward, there will be phases, where a narrative about FMCG stocks being defensive will keep coming to the street. Given the fact that their valuations are expensive, there is hardly any growth in business, it would be worthwhile to understand that sector otherwise one might end up buying stocks and make the capital underperform. We look at 28 stocks from every segment, right from food and beverage to cosmetics.
Best large & mid cap funds to invest in June 2024
As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.
Best mid cap mutual funds to invest in June 2024
As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. That’s what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Best large cap mutual funds to invest in June 2024
Investing in other mutual fund categories for higher returns without paying attention to the extra risk could be a costly mistake for the investors. If you are happy with 10-12% returns offered by large cap mutual funds over a long period, you should invest in them. If you want to match the market returns, you may educate yourself about index schemes and invest in a large cap index scheme.
Election stocks to buy: Pick from a buffet of 50+ counters from 5 brokerages
Investors are adjusting portfolios for potential structural reforms under Modi's third term. Sectors like infrastructure, financials, and consumer discretionary are in focus. Brokerages recommend stocks across sectors including SBI, ICICI Bank, L&T, and ONGC for potential gains post-election.
Large investors sell up to 5% stake in CarTrade for Rs 200 crore
Institutional sellers sold up to a 5% stake in CarTrade Tech for around Rs 200 crore through a block deal on Friday, with Axis Securities as the banker. The company has no promoter holding, with a significant portion of shareholding held by institutional shareholders. Mutual funds and foreign portfolio investors held stakes in the company.
What investors expect from India's election outcome
India's six-week long national election, the world's largest, is nearing its conclusion with the final vote count on June 4. Investors are anticipating Prime Minister Narendra Modi's expected third term in office.
Need to be slightly circumspect of the rally in commodities: Ashish Gupta
Inflation has consistently been lower than historic trends. We have much more stable currency. We have a current account which is either in a minor deficit or a minor surplus.
Foreign-themed mutual funds rally up to 80% in a year. Should you go international?
International funds, including top performers like Mirae Asset NYSE FANG+ETF FoF, showed strong growth. However, concerns arise with Sebi's restrictions on overseas ETF investments and varying earnings growth in indices like Hang Seng and CSI 300.
Volatility has risen as Lok Sabha Elections 2024 fever grips the stock market; will polls halt the rally?
Volatility has risen in recent weeks as election fever grips the market. The heightened volatility stems from concerns over lower voter turnout in the ongoing general elections, potentially indicating an unfavourable verdict for the ruling party. Is this market nervousness a sign of future trends or a temporary blip before equities resume their upward journey?
ETMarkets PMS Talk: Is it overheated? Fund manager with Rs 1600-cr AUM remains bullish on small & midcap space
Hitesh Zaveri, SVP & Head at Axis AMC, discusses the investment philosophy, stock selection process, market outlook, and sustainable growth in small cap categories. While ehe Brand Equity Portfolio holdings comprise of companies that have (i) established brands, (ii) turnaround brands and (iii) B2C/B2B2C brands, the satellite part of the portfolio comprises companies that have more cyclicality and have greater flexibility to respond to changing market dynamics.
Best tax saving mutual funds or ELSS to invest in May 2024
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
ETMarkets Fund Manager Talk: Barring private banks, most sectors trading near full valuation: George Thomas, Quantum AMC
George Thomas, Equity Fund Manager at Quantum AMC, warns of full valuations in most sectors for FY25, emphasizing demand growth necessity. He advises on ideal asset allocation strategies for moderate risk profiles investing Rs 10 lakh for 10 years.
Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
Hero MotoCorp declared a final dividend of Rs. 40 per share. This dividend together with interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal, of Rs.100 per equity share, takes the aggregate total dividend for the year 2023- 24 to Rs. 140 per equity share.
Best large & mid cap funds to invest in May 2024
Best large & mid cap funds: As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that will invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks.
Shashi Tharoor’s mutual fund portfolio worth Rs 1.72 crore has these 23 schemes
Shashi Tharoor, Chairman of the Parliamentary Standing Committee on Information Technology and former Minister of State for HRD and External Affairs, filed his nomination papers for Thiruvananthapuram Lok Sabha seat in 2024 general elections. He has declared that his total investments in mutual funds was at Rs 1.72 crore.
Best small cap mutual funds to invest in May 2024
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and downs - more than the established companies in the large and mid cap segments.
No bias, no emotion; With quant funds the 'matrix' takes the calls
Quant funds build a portfolio by selecting stocks on predetermined rules based on mathematical models. They use automated programs to enter and exit stocks and hence eliminate human or fund manager bias.
Best mid cap mutual funds to invest in May 2024
As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. That’s what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Sanjiv Bhasin on 4 private bank stocks to bet on now; sees 2 stocks in starring role this year
Sanjiv Bhasin shares expert insights on stock market trends, emphasizing potential winners like ICICI, Axis, IDFC First Bank, and Aditya Birla Fashion & Retail Ltd. He discusses Vodafone Idea's transformation, private bank strategies, and pharmaceutical majors' promising outlook.
MF Query: How to build a Rs 2 cr-portfolio in next 10 years
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
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