“However, the downside is that you don’t get the flexibility to buy some of the companies or brands that you might want to buy, for example, you want to invest more in Zoom or you want to invest in certain healthcare companies so then direct equity investment is a preferred option where it gives you the flexibility,” he said. … [Read more...] about Not FAANG, but Indian investors are lapping up ‘FAAMNG’ stocks
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The non-SIP investors, mainly HNIs and advisory kind of clients who are well versed with the markets, are pulling out money. Some investors are also booking profits as all indices have seen a pullback of around 50 percent from the lows and have gone back to their February 2020 levels. However, we have seen only a minor drop in monthly SIP figures at around Rs 7,900 crore. If the market continues to go up in the very near future, then we can expect some more outflows from mutual funds. Steep valuations and the disconnect between the economy and markets is making investors cautious and leading to outflows. … [Read more...] about ‘More MF outflows seen if market keeps rising; BFSI stocks can outperform in next one year’
“Hence, any rally in the zone of 11390–11430 levels can be used by positional traders to create fresh short positions whereas intraday traders will be better off by shorting below 11290 levels for an initial target present in the zone of 11250 – 230 levels with a stop above intraday high,” he said. … [Read more...] about After The Bell: Market ends flat; here’s what investors should do on Wednesday
A: The Make-in-India theme encompasses a wide gamut of initiatives, including import reduction and export promotion. While the initial thrust was to create growth and employment, it started getting traction due to the US-China trade frictions. Multinational companies started looking at alternate sourcing bases for exports. In this phase, while India did get some business, the bulk of the benefit went to countries like Vietnam, Thailand, Indonesia, Malaysia etc. The Government has declared packages for Electronics, Pharmaceutical sectors, and I believe that many sectors like Consumer Durables (AC, Fridges etc), Chemicals, Defence manufacturing etc. will get direct, indirect incentives in addition to tariff & non-tariff barriers. … [Read more...] about DAILY VOICE: Valuations of largecaps & polarization of market into top 10-20 stocks are biggest risks, says Mihir Vora of Max Life
“As of now, Nifty is trading at a P/E close to 32x, which is almost a decade high valuation, hence, the risk-reward ratio may not be favorable. I am not a big fan of predicting numbers for the index, as we have seen in the past, at times the index remains flat, but individual stocks do very well,” says Jain of Ashika Wealth Advisors. … [Read more...] about Market cap-to-GDP ratio moves above long period average; time for caution?