Global central banks are hiking interest rates to bring down inflation. Should you buy on dips or sell on a rally? Find out what UR Bhat of Alphaniti Fintech says to Business Standard's Puneet Wadhwa
Indian equity markets have been very volatile largely due to the sustained selling from the foreign portfolio investors
Market participants believe that concerns still linger in the markets and investors should continue to have higher weighting towards large-cap funds
Steering clear of mediocre companies, even when available at a discount, has yielded rich dividends for Anish Tawakley
The top 250 stocks in the list becomes the large-cap universe for the domestic MF industry.
Move money out of smallcaps to large caps, even as concerns over lofty valuations and likely correction weigh
During the past one year, thematic funds have given returns of 52.27% while large-cap funds have given average returns of 45.88%
Average one-year return at 48% versus Sensex's 45% gain
Most focused funds have exposure of around 50-60% in large-cap stocks, with the remaining between mid- and small-cap stocks
26 of 35 such schemes failed to beat Sensex over past year
With valuations at a premium, brokerages highlight the need for caution
Polarisation and the increase in index weight of a few a stocks have weighed on performance
17 of 37 schemes beat index's returns of -6.4%, but only 3 were positive
The top 100 stocks in India account for 77.3 per cent of the Nifty 500 index. In US, the top 100 stocks account for 71.2 per cent of market capitalisation of the S&P 500 index
Sebi's new diktat says multi-cap equity funds must invest a minimum of 75% in equities, up from 65%, with at least 25% each in large-caps, mid-caps, and small-caps
Sebi's new circular may lead to an avoidable churn in the market
According to data sourced from primemfdatabase.com, as many as eleven small-cap schemes held 7 per cent of their asset base in cash at the end of June
Industry participants, however, say the run-up in market prices may not be enough to improve the sentiment of investors
One reason for this sound performance is that large-cap funds have done well over the past year and stocks in this segment have become expensive due to a lot of liquidity chasing them
Even as equity schemes saw investor flows dip to a multi-year low, large-cap schemes continue to find traction among investors