Budget 2020

Buy midcap cement cos for better returns: Dipan Mehta

MNC engineering companies like Honeywell, Siemens, ABB could outperform but not too sure about the MNC FMCG companies, says Dipan Mehta, Founder & Director, Elixir Equities Cement as a basket has performed quite decently. Do you like the space?Yes, I do. By and large, in this sector, with the capex cycle moving up and higher […]

Budget 2020

Stock market update: MidCap stocks fall; The New Indian Assurance tumbles 17%

NEW DELHI: MidCap stocks trading on a negative note at 02:52PM (IST) on Monday. Shares of The New India Assurance (down 16.8 per cent), Future Retail (down 5.85 per cent), NHPC (down 5.81 per cent), Godrej Properties (down 4.51 per cent) and LIC Housing Finance (down 3.83 per cent) were the top losers in the […]

Budget 2020

Stock market update: BSE MidCap index rises over 1%; Apollo Hospitals soars 12%

NEW DELHI: S&P BSE MidCap index were trading with gains at 02:08PM (IST) on Monday. Shares of Cholamandalam Investment & Finance (up 12.83 per cent), Apollo Hospitals Enterprises (up 11.89 per cent), Adani Transmissions (up 9.38 per cent), Adani Enterprises (up 8.54 per cent) and Mahindra & Mahindra Financial (up 6.2 per cent) were among […]

Budget 2020

Midcap going to be the most exciting space: Sundaram AMC’s Sunil Subramaniam

MUMBAI: India is in the middle of a new virtuous economic cycle, feels Sunil Subramaniam, managing director of Sundaram Asset Management Company, which bodes well for midcap and smallcap stocks in the market. Subramaniam, who was speaking at the virtually-held fourth edition of ETMarkets Global Summit, believes that India is in a “delicious position”, supported […]

Budget 2020

Flexi-cap funds: Will the flexibility given to fund managers yield result?

On November 6 last year, the Securities and Exchange Board of India (Sebi) came out with a circular which announced a new category of equity funds: Flexi-cap. This announcement came at an opportune time. It served both investors and fund houses well. Investors heaved a sigh of relief, as a new category of equity scheme […]

Budget 2020

Axis Midcap mutual fund: After sharp underperformance in 2015-2017, fund is back on strong footing

The superior downside protection allows the mutual fund to maintain a better risk-return profile than many peers through market declines. Synopsis After sharp underperformance in 2015-2017, the scheme is back on a strong footing in recent years when quality stocks have taken a market fancy. The fund manager’s stock picks remain benchmark agnostic – a […]

Budget 2020

When will smallcap & midcap stocks make a comeback?

Sunil Subramaniam, MD & CEO, Sundaram Mutual Fund, says that for a sustainable growth in small and mid cap stocks, investors need clarity on the shape, strength and speed of the economic recovery. Till then, market participants are playing safe and betting on companies and sectors where there is more certainty of earnings, he says. […]