Even after consistent selling in defence and rail PSU stocks, the long-term prospects of the two sectors remains positive, says Viraj Gandhi, CEO of Samco Mutual Fund. “Given the current values, one should carefully assess these sectors. If one can withstand further short-term downside, this could be an excellent chance to add to these names,” … Read more
NFOs at present: Tata AIA Life Insurance has floated a new fund offer Tata AIA NIFTY Alpha 50 Index Fund. The new index fund is a unit-linked insurance product (ULIPs) and is available for subscription until September 30, 2024. During the New Fund Offering (NFO) period, units will be offered at an initial price of … Read more
The stock market categorizes listed companies into three groups based on market value: large-cap, mid-cap, and small-cap. Large-cap includes the top 100 companies, mid-cap covers those ranked 101 to 250, and small-cap comprises all other listed companies.Mutual fund investors looking for diversification have two main options: flexi-cap and multi-cap funds. Both these options aim to … Read more
Radhika Gupta, MD & CEO, Edelweiss MF, says “we are telling people, do not switch your existing mid and smallcap fund holdings and pay a lot of tax, but at least put incremental money in multi-cap funds. Could a behaviour of this kind happen? Yes. So that could lead to a moderating of flows by … Read more