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In the past two years, Indian markets have outperformed emerging markets by a wide margin. This is partially explained by the resilience of the domestic economy when all the emerging markets were faced with the same global challenges. The volatility in the Adani Group stocks were met with uncertainty on the plausibility of rate hikes pausing anytime soon, inflation persisting beyond targeted levels and Russia-Ukraine war seeing no sight of resolution. A bright opportunity exists with the majority of the blue chip companies trading flat to negative in the last one year period giving the chance of accumulation. Murugun suggests accumulating blue-chip companies and zero or low-debt midcap companies with strong earnings growth historically in this correction period.
Distribution channels are also important for the investment in mutual fund. Financial Advisors are the most preferred channel for the investment in mutual fund. They can change investors‟ mind from one investment option https://1investing.in/ to others. Many of investors directly invest their money through AMC because they do not have to pay entry load. Only those people invest directly who know well about mutual fund and its operations and those have time.
With interest rates at peak, it is a good time to lock in a yield for your safer debt instruments. In particular, look out for corporate bonds issued by established companies with strong fundamentals. “There is a new stream of alternate asset classes like lease financing and inventory financing, which are also providing investors with great risk-reward ratios and are helping mitigate the volatility of equity markets,” says Aggarwal.
The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months. The S&P 500® Index is composed of selected stocks from five hundred issuers, all of which are listed on national stock exchanges and spans over approximately 24 separate industry groups. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds give you wide access to diverse investment opportunities.
- Market consensus estimates factor in a reduction in inflation for the U.S. from 8% in CY22 to 3.9% in CY23.
- This is partially explained by the resilience of the domestic economy when all the emerging markets were faced with the same global challenges.
- But an increase in debt defaults would alarm investors looking to invest heavily in the fixed-income markets, especially in the corporate bonds segment.
- Empannelise Distributors (IFA‟s) From Jaipur first of all I started with empanelling or adding new distributors from Jaipur according to their AUM in other AMC‟s.
- Gopkumar recommends investors to avoid export-oriented themes till global growth is back on track.
Paul believes other markets may continue to outperform our market given the fact that they were quite oversold in the year gone by. Secondly, capex is witnessing strong traction on the back of a combination of several factors. Except for the premium segment, most other consumption categories have seen tepid volume growth over the past few quarters. Demand revival is paramount for overall growth, say industry experts. On the domestic front, earnings estimates in India are expected to grow in mid-teens in the coming two years. Valuations could get impacted if there is too much disappointment from slower economic growth on account of higher commodity prices including high energy prices leading to potential earnings downgrades.
What Should Investors Watch Out For In March
This prediction is considered a “normal” year based on early estimates, with a threat of El Nino making an impact. The last week of May will see detailed updates on rainfall and monsoon onset. With low cost and a rule driven strategy , it has a better chance to deliver a good risk adjusted return. It has already found way into some of the investor’s portfolios as a replacement of older styles/mandates. The sore point is the rise in expense ratio even though the AUM has been increasing at a good pace.
Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index. Stock market participants largely believe focus on domestic play is the right investment strategy given the uncertainty around global growth.
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund’s Standard deviation, the higher the volatility of the fund’s returns. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable. An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price. Her 15-year business and finance journalism stint has led her to report, write, edit and lead teams covering public investing, private investing and personal investing both in India and overseas.
The RBI is expected to increase the repo rate by 25 bps in April 2023, as retail inflation continues to remain high (6.4% in February 2023) from the central bank’s tolerance limit of 2% to 6%. RBI’s MPC commentary and decision would set the tone for the markets in the medium-term. The fund is being managed by Shreyash Devalkar since November 2016. He runs a concentrated portfolio approach with about two dozen stocks.
High U.S. inflation has been a key concern through the whole of calendar year 22. Market consensus estimates factor in a reduction in inflation for the U.S. from 8% in CY22 to 3.9% in CY23. However, inflation may prove stickier than expected on the back of persistent supply side issues and China reopening. Metal prices have hardened over the last three months led by China reopening. Consequently, inflation expectations are lower vs. previous cycles and will need to be monitored. The FY23 auto sales data will get published in April and it will have an overall sales view for the financial year, which is a key factor.
We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Ankit Gupta, founder of BondsIndia.com advises investors to focus on quality stocks, i.e., companies having growing revenue and growth prospects over momentum stocks. “Investors should also look out for USD and rate sensitive stocks as USD is expected to come down”, says Gupta.
Conclusion Running a successful Mutual Fund requires complete understanding of the peculiarities of the Indian Stock Market and also the psyche of the small investors. This study has made an attempt to understand the financial behavior of Mutual Fund investors in connection with the preferences of Brand , Products, Channels etc. They need the knowledge of Mutual Fund and its related terms.
It’s been a surprisingly stellar year at the stock market for India with key indices both the NIFTY 50 and BSE Sensex clocking their all-time highs in November. Chiming in domestic investors’ chorus on the incomprehensible disconnect between how the Indian markets perform and the economic parameters on the ground, stock prices have risen dramatically and have set the ball rolling to welcome 2023. Tejas Khoday, co-founder and chief executive officer of brokerage firm FYERS, believes monthly movements shouldn’t impact an investment philosophy. The growing trend of opting for systematic investment plans by retail investors inculcates disciplined investing and augurs well in countering the volatile stock market movements for long-term investing. In years like 2013, 2016 and 2018, the market also posted single-digit returns. Given such a decade, one would think a largecap mutual fund cannot generate good returns.
Many of people do not have invested in mutual fund due to lack of awareness although they have money to invest. As the awareness and income is growing the number of mutual fund investors are also growing. People invest in those Companies where they have faith or they are well known with them. There are many AMCs in Jaipur but only some are performing well due to Brand awareness. Some AMCs are not performing well although some of the schemes of them are giving good return because of not awareness about Brand. They are well known Brand, they are performing well and their Assets Under Management is larger than others whose Brand name are not well known like Principle, Sunderam, etc.
Gainers & Losers in Axis Bluechip Fund Direct Plan Growth portfolio as on (31-Mar-
On sectoral exposure, top 5 sectors continue to be same with more than 70% exposure. Over the last 1 year of its existence, it appears that the fund has stuck to its outlined process and rules. If you haven’t figured out so far, this is a heady mix of active + passive fund management. However, in the large cap space there is another strategy that has got little attention so far and has the potential to do better in the long term. ” an organisation promoting unbiased, commission-free investment advice.
The advisors should target for more and more young investors. Young investors as well as persons at the height of their career would like to go for advisors due to lack of expertise and time. Mutual Fund Company needs to give the training of the Individual Financial Advisors about the Fund/Scheme and its objective, because they are the main source to influence the investors. Before making any investment Financial Advisors should first enquire about the risk tolerance of the investors/customers, their need and time . By considering these three things they can take the customers into consideration. Younger people aged under 35 will be a key new customer group into the future, so making greater efforts with younger customers who show some interest in investing should pay off.
Fund Allocations
The opportunities for growth and investment are ample at present and likely to multiply every passing year. Investment gurus are also suggesting this is a good time to add investment-grade corporate bonds in a portfolio with an average duration of two to three years to fixate on high yields. He suggests avoiding debt-laden companies will be a key risk aversion in this high interest rate season given how interest cost of debt-laden companies could eat into the company’s earnings. Nifty would trade likely in a broad range of 16,750 to 17,500 levels for the month of April and investors should continue with a stock-specific approach, with a focus on risk management, says Girirajan Murugan, CEO, FundsIndia. Raman Chandna, head of fund management at Grip Invest, thinks there is more room for correction if the global turmoil continues given the fact that the Indian stock market is not cheap. Other factors that investors may want to keep an eye on include oil prices and any potential escalation of war, which could have an impact on global supply chains and lead to increased market volatility.
The sharpe ratio for Axis Bluechip Fund Direct Plan Growth is calculated with S&P BSE 100 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund’s Sharpe ratio, the better a fund’s returns have been relative to the risk it has taken on. Nothing contained in or on the Site should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
Learn how to plan for your goals before and after retirement with confidence. 2Y volatility%7.79%6.59%3Y return%15.14%17.39%3Y volatility%6.79%5.67%4Y return%12.72%15.73%4Y volatility%6.05%5.17%5Y return%14.36%18.17%5Y volatility%5.56%4.74%The performance of Axis Bluechip Fund since March 2020 has been quite poor. There are opinions on this floating around like “Axis Bluechip was a growth chaser’ the cycle has turned axis bluechip fund graph and now is the time for value which is why you see funds like ICICI Value Discovery Fund doing better” etc. No of rolling return entries Index 1024No of rolling return entries Fund 1024No of times fund has outperformed the index 1024rolling return outperformance Consistency Score 100%That is indeed excellent consistency. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Fund Market Price
Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment. All results are historical and assume the reinvestment of dividends and capital gains. Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares. The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV.
The main focus was on SIP as there was an incentive based proposition came for IFA‟s till the limited period. Under Banking channel I mate with relationship managers and convinced them regarding the schemes and I was in regular contact with them in case of any query. The core portfolio comprises of quality businesses with secular growth prospects. Of course, the fund has tactical positions in quality cyclicals linked to fund manager views of cyclical factors and market positioning. In short, Axis Bluechip Fund has a two-pronged strategy of 60% Leaders and 40% Challengers .
