In a Q&A, Ashish Shanker says market moves will mirror the likely earnings growth of 12-15 per cent for the next few years
The recent correction in the mid-, small-cap stocks provides a good entry point in these counters, technical charts suggest. Buy now for the long term.
The asset manager says spotting the trend during various market cycles is the key for identifying opportunities
This is a contrast to last year, when mid- and small-cap IT companies traded at a P/E multiple of 13.3x at the end of March 2020
Among sectors, the metal index recorded robust performance with S&P BSE Metal and Nifty Metal indexes gaining 63 per cent in H1CY21
"Currently, there are no signs which indicate that we are moving into a crisis or a bear market," said Chandan
The overall sentiment towards broader market stocks has been favourable with the small-cap index closing in the green for four consecutive months
Now below 50%, compared with 75% a year ago
In 2013, amid the taper tantrum sell-off, it had dropped to just $1 billion, shows an analysis done by ICICI Securities
Returns were calculated on a time-weighted rate of return basis for the schemes under consideration
Barring a few names, rally may not sustain in the near term
The head of Asia-Pacific equity research at BNP Paribas says a renewed slowdown in consumption and some service sectors can lead to consensus downgrades to Indian earnings estimates
416 stocks shed an average 5.4% and a tenth decline over 10% in just five trading sessions
Multi-cap funds saw the highest outflows among equity funds to the tune of Rs 1,903 crore
On September 11, SEBI said that multi-cap funds will now invest minimum 75 per cent of total assets in equities with 25 per cent each in large cap, mid cap and small cap companies
Though the rally has eased slightly, the m-cap is only 1% shy of a record, despite Nifty being down 6% from its all-time high reached in January
On September 11, the capital markets regulator issued a circular directing multi-cap schemes to deploy at least 25% each in large-, mid-, and small-caps
The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options
We believe quality Mid & Small caps can deliver significant returns in the next 4-6 months as most institutional investors will try to comply with this new regulation, said Centrum Broking
Kotak Mahindra Mutual Fund MD Nilesh Shah says fund houses will build a consensus and then approach Sebi