Key Points
Taking note of the stretched valuations of midcap and smallcap stocks even before market regulator Securities and Exchange Board of India rang alarm bells, Samco Mutual Fund reduced its equity exposure, particularly in its Active Momentum Fund which held stocks predominantly from the small and midcap space...
Our Active Momentum fund has a net equity exposure of about 43% as of March 25, 2024, said Viraj Gandhi, Chief Executive Officer at the fund house, in an interview with ETMarkets...
Viraj Gandhi: The recent stress test results have definitely put pressure on the smallcap and midcap stocks where we can clearly see the category benchmarks have fallen by about 10% from the top, even after recovering in the recent days...
Our investment team is also one of them, as they have been reducing equity exposure in most of our schemes since the end of December 2023, especially Samco Active Momentum Fund which held stock predominantly from the small and midcap space...
Viraj Gandhi: FY25 looks quite optimistic in terms of earnings growth for India Inc as it has witnessed a lot of capex in the last two years or so, which should start bearing fruits in terms of increased revenue for a lot of these companies...
You might be interested in
FUND OF FUNDS: Where is your FoF investing?
09, Apr, 23To get LTCG benefit, 90% of FoF’s assets should be equity shares via ETFs.
Sebi tells mutual funds to protect smallcap investors from market froth
28, Feb, 24In a letter to AMFI, Sebi said in the context of froth building up in small and midcap segments of the market and the continuing flows in the small and midcap schemes of mutual funds, trustees, in consultation with Unitholder Protection Committees of AMCs, shall ensure that a policy is put in place to protect the interest of all investors.
ETMarkets Fund Manager Talk: Despite a strong rally, this asset manager continues to see opportunities in
24, Nov, 23Equity as an asset class is only gaining more acceptability with domestic investors which is visible from the continuously increasing SIPs with mutual funds. Even at this, it still makes up to about a mere 4.8% of Indian household savings – which is substantially lower than its global peers. As the GenZ comes into the mainstream, we expect this number to only get better, leading to a much stronger and continued domestic flows.
Select midcap pharma, media & IT stocks poised to do well next 3-5 years: Varun Goel
01, Oct, 23“From a margin perspective, things are getting better and revenue growth should start accelerating from the third quarter onwards. Therefore, we believe that in a lot of the small cap and midcap names, there is an opportunity to do bottom-up stock picking and we remain quite constructive on selective names.”
Not all smallcaps are same; 3 best smallcap funds for investors: Feroze Azeez
24, Nov, 23“FIIs broader market interest has gone up dramatically. Second, it says that India has a reasonably large number of stocks in the capital markets, largest in the world, in fact. India cannot be represented by the top 100. The domestic guys have also had flows over the last few months.”
Retail investors should temper their infatuation with small caps
16, Aug, 23Higher returns from the stocks of small companies could easily be offset by potentially large losses
These 10 smallcap MFs look more vulnerable to risk from Sebi’s directive
01, Mar, 24These smallcap schemes could be at risk as they have lesser exposure to large stocks, cash and cash equivalents (including T-bills), and higher exposure to stocks from the Nifty Microcap 250 Index
Worried about market volatility? Thematic mutual funds can help you out. Here’s how
13, Mar, 23For Solanki, the digital theme could stand out for investors over a long period as the government has significant emphasis on 'Digital India' story. He said some of the popular funds in this space are Tata India Digital Fund and ICICI Prudential Nifty IT Index Fund.
Little stocks in big trouble! 374 smallcaps fall at least 30% from peak. Worst ahead?
14, Mar, 24Smallcap stocks are in bear territory, with losses up to 84% from high levels. Nifty Smallcap100 index was down 14% from peak. Worst losers include Ramky Infrastructure, Andrew Yule, IFCI, PTC India Financial Services, AGS Transact Technologies, Swan Energy, Railtel, and RVNL. Market experts weigh in on the situation.
For investors with risk appetite: 4 smallcap stocks with upside potential of up to 36%
13, Dec, 23The risk on trade, which essentially means taking exposure to the riskier asset class started once again. In India, this meant that once again, small cap stocks, which are the riskiest place to invest both in terms of business uncertainty and stocks liquidity risk, once again witnessed more activity. All those investors who have increased their exposure to small caps in the recent past or are thinking of increasing their exposure should put more checks and balances before investing in this space. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.