Economic managers

Ajit Mishra, Vice-President Research, Religare Broking, said investors with a two-to-three year horizon can start investing in quality midcap and smallcaps with a strong promoter track record, low leverage as well as healthy growth prospects. He advises avoiding stocks that have run into trouble owing to mounting debt, promoter pledge or other company-specific issues.Among sectors, Mishra feels auto, banking/NBFC and FMCG stocks would outperform going forward. Even here, he advises buying stocks in a phased manner with a medium to long term view.Edited excerpts:Close Q: What does the outcome of the Monetary Policy Committee meet suggest? Do you see a further rate cuts at its February meeting?A: In a surprise move, MPC decided to hold rates against a wide expectation of a minimum 25 bps rate cut. The pause, as mentioned by the Governor, is temporary as the Reserve Bank would await more data on inflation and growth and therefore be better placed for a rate cut at its February policy. … [Read more...] about Betting on an economic recovery? These 4 sectors likely to hog the limelight

General investors cannot time the markets and we hence suggest looking at the markets from a long-term investment horizon and investing in a staggered manner, Pankaj Bobade, Head of Fundamental Research, Axis Securities tells Moneycontrol's Kshitij Anand in an interview.Q. What is your assessment of the September quarter earnings season? If you had to describe it in one word –what would that be? And, what were the highlights?A. The Q2FY20 results season has been a ‘mixed bag’. Given the slowdown in economic growth, one should see the results season sector by sector.The volumes in the FMCG sector were slightly better than expected especially on the back of the high base and the pain in the rural segment.Discretionary consumption plays were a mixed bag with paints and quick service restaurants (QSR) segment reporting better than expected growth. Though the near-term consumer demand is likely to be subdued, improving monsoon offers a ray of hope to invigorate demand … [Read more...] about Smart money | Chase stocks that show growth irrespective of long, mid or small-caps

Global brokerage house Jefferies has double weight on India, but given the low weightage, Chris Wood, Global Head of Equity Strategy, said he should be triple overweight on the country.The research house disclosed its Asia (ex-Japan) long-only thematic equity portfolio in its December report; wherein, it has 46 percent weightage to only Indian companies under various themes.Out of which, it has 31 percent weightage to India's BFSI sector (banking, financial services and insurance) and of that, banking sector's (only private and not public) weightage stood at 15 percent.Close HDFC Bank, ICICI Bank and Axis Bank, India's three largest private-sector lenders."In Jefferies long term portfolio (ex-Asia Japan), the constant area of exposure has been Indian private sector banks. The private sector bank index performed well," Christopher Wood, Global Head of Equity Strategy at global investment banking firm Jefferies Group said in an interview to CNBC-TV18. related news … [Read more...] about RIL, HDFC Bank among 10 stocks that dominate Jefferies’ long-only thematic equity portfolio

BNP Paribas Mutual Fund’s equity portfolio is largely inclined towards consumption and domestic growth story, said Deputy Chief Executive Officer and Head of Investments, Anand Shah.In a freewheeling chat with Moneycontrol, Shah said that the fund house is overweight on consumer-facing companies such as like FMCG, retail, select auto, media and entertainment as he feels that these companies are seeing an uptick in demand in rural due to near normal monsoons and government spending.BNP Paribas Mutual Fund is also positive on financials particularly on private banks, life insurance sector and select retail focused stocks.Close Among NBFCs, the fund house prefers industry leaders with the right asset-liability match and the ones that have the ability to raise funds competitively.Himadri BuchAssistant Editor|Moneycontrol.com AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI … [Read more...] about Anand Shah says macros not as bad as in 2013, portfolio skewed toward consumption, auto

In 2015, the Government of India launched a central housing initiative titled the Pradhan Mantri Awas Yojana (PMAY). This scheme aims to provide affordable housing to the urban poor and the rural poor by building 20 million affordable houses by March 2022. PMAY intends to achieve this aim by focusing on the following verticals:Rehabilitation of the slum dwellers with the participation of private developersProvide credit linked subsidy to promote affordable housingEncourage more partnerships between the public and the private sectorProvide grants for beneficiary-led individual house constructionAre you wondering how to apply for PMAY? You can apply for the benefits under PMAY by following a few simple steps online and offline. Let us examine these steps of PMAY online apply in detail. Apply for a house under PMAY OnlineFollowing are the steps for Pradhan Mantri Awas Yojana online applicationIf you want to apply online, log on to http://pmaymis.gov.in/Click the tab titled 'Citizen … [Read more...] about How to apply for Pradhan Mantri Awas Yojana (PMAY) online or offline