Product Updates

Fund managers are betting big on the IT sector, on the back of an improving global macro environment, depreciating rupee and rise in IT spends. As per data from SEBI, equity exposure of domestic mutual funds to the IT sector reached an all-time high of Rs 72,891 crore in May 2018 — a year-on-year rise of 63 per cent from Rs 44,633 crore. Equity fund managers' deployment in Banking stocks stood at (Rs 1,89,559 crore) followed by Finance Stocks (Rs 97,789 crore), Software (Rs 72,891 crore),Consumer non Durables (Rs 65,545 crore),  and Auto (Rs 53,761 crore) in May 2018.  

Do you expect the slide in mid- and small-caps to continue? Despite some meaningful correction, mid- and small-caps as a category still trade at a premium to their long-period average valuations and hence might witness some more reversion to more normal valuations. But this normalisation may not happen swiftly. Our approach in managing funds in the mid- and small-cap space has been guided by a judicious combination of quality, growth and reasonable valuations. Our advice to investors has been to take exposure in this space in a gradual and phased manner through SIPs. We also encourage periodic rebalancing of the investors’ portfolio such that the total exposure to this asset sub-class is within the overall risk-reward goals of the investor. Sanjay Sapre, Franklin Templeton Investments Read the full interview here bit.ly/2LAaAe5

36 Obvious Investment Truths 1. If you need to spend your money in a relatively short period of time it doesn’t belong in the stock market. 2. If you want to earn higher returns you’re going to have to take more risk. 3. If you want more stability you’re going to have to accept lower returns 4. Any investment strategy with high expected returns should come with the expectation of losses. 5. The stock market goes up and down. 6. If you want to hedge against stock market risk the easiest thing to do is hold more cash. 7. Risk can change shape or form but it never really goes away. 8. There’s no such thing as a perfect portfolio, asset allocation or investment strategy. 9. No investor is right all the time. 10. No investment strategy can outperform at all times. 11. Almost any investor can outperform for a short period of time. 12. Size is the enemy of outperformance. 13. Brilliance doesn’t always translate into better investment results. 14. “I don’t know” is almost always

·         Domestic benchmark equities ended lower today, as shares of oil marketing companies slipped on higher crude prices and weakening Rupee. Also, the overall investor sentiment remained negative a day before the expiry of June derivatives contracts. Energy stocks were among the biggest drags, with the Nifty Energy index closing 2.5% lower. Sensex and Nifty ended 0.77% and 0.91% lower respectively. ·         Government bond prices ended lower today as rise in crude oil prices heightened fear of RBI rate hike in August. Traders remained cautious of MSP announcement. However, hope of more RBI OMO purchases supported bonds. The yield on 10-year G-sec ended at 7.87% vs. yesterday’s close of 7.83%. ·         The Rupee weakened against the US Dollar,bringing it close to its all-time lows. The currency depreciated significantly, thereby breaching a technically important level of 68.50 against the U.S. Dollar, leading to a bout of weakness. The weakness in Indian Rupee is largely attri

4 Biggest Myths of Indian Stock Market These are 4 Common Indian Stock Market Myths you should definitely know about. Myth #1 -There is absolutely no doubt that Warren Buffet is one of the best investors the world has ever seen but there is a common myth that he buys stocks and holds it forever as he himself once said that his favorite holding period is forever. As per Research done by John Hughes (Prof at University of California) of his holdings from 1980-2006 (Twenty six years) he found that the average holding period for Warren Buffet was only 1 year, with approximately ONLY 20% of stocks held for more than two years. About approximately 30% of stocks were sold within six months of purchase. A lot of Investors know that Warren Buffett owns Shares of Coca-Cola  but only a few Investors know that the Stock price of Coke was 43$ in 1998 and the Stock price is Same at 43$ today. (20 years later). Conclusion of Myth #1- Warren Buffet only holds 20% of Stocks for more than 2 years

HDFC AMC IPO HDFC AMC IPO.  Below are the final dates for the launch: Price Band: July 4th Anchor: July 10th Issue Opens: July 11th Issue Closes: July 13th INITIAL PUBLIC OFFERING OF UP TO *25,457,555* EQUITY SHARES OF FACE VALUE OF 5 EACH. RESERVATION 1.  *320,000* SHARES FOR *HDFC AMC EMPLOYEES* 2. *560,000* SHARES FOR *HDFC LTD. EMPLOYEES* 3. *2,400,000* SHARES FOR *HDFC LTD. SHAREHOLDERS* A *NET OFFER* TO THE PUBLIC OF UP TO *22,177,555* EQUITY SHARES FWD Message

Revised Interest rates of HDFC Ltd Fixed Deposits  with effect from June 26, 2018

Shriram Transport Finance Co. Ltd. Public Issue of NCD closes tomorrow i.e on 3rd July, 2018.                                                                                         

We are pleased to introduce a New Fund Offering (NFO) – *Reliance Nivesh Lakshya Fund*, which we believe would help you preserve wealth and achieve many of the long-term life stage goals for your investors. 👉🏻Long-term Government of India (GOI) Bonds (25-30 years) are currently trading around 8.20-8.30 levels. Take advantage of prevailing high yields 👉🏻At 7.5-7.6% compounding, Rs. 1 Cr invested could grow to become Rs. 6.5 Crs in 25 years 👉🏻Reliance Nivesh Lakshya Fund would let investors to lock-in the prevailing yields at their time of entry, hold their investments till maturity, and in the process have certainty / visibility of returns over very long-term (25 years). 👉🏻Investments would be made in long-term Government of India bonds (25-30 year securities). Portfolio will be rolled down - incremental investments will continue to be made in similar securities. 👉🏻The Fund would be a superior alternative to Long Term FDs (10 year FD rate 6-6.5%), Tax-free Bonds (~6.25%),

*Why P.H.D ??* _(P.H.D) Pharma Healthcare & Diagnostic_ ▪ _In the last 3 years *Medical tourism* has seen a growth of about 20% CAGR which is due to the availavility of relatively cheap and cost efficient treatment in india_ ▪ _Increasing consumption of healthcare services like gym, yoga, spa, regular checkups etc among the indians as people are becoming more conscious, this provides a huge scope of growth in this segment_ ▪ _Rapid growth in medical services like diagnostic centres, sample collection centre companies like:_ 👉🏻 _Lal Path lab, Thyrocare, SRL provides good scope for making these unorganised sectors to be more organised_ ▪ _Increasing life expectancy of an average indian and increasing population will require much more medical facilities, more medicinal consumption, more number of beds in hospitals, more vaccinations and immunizations etc_ ▪▪▪▪▪▪▪▪▪▪▪▪▪▪ 📢  _To take benefit of all these trends, invest in_ *ICICI Prudential Pharma Healthcare and Diagnostics

The government will launch the fourth tranche of the CPSE Exchange Traded Fund ( ETF ) and has started looking for merchant bankers to advise on the sale process. Through the three tranches of  CPSE ETF , the government has already raised Rs 11,500 crore -Rs 3,000 crore from the first tranche in March 2014, Rs 6,000 crore from the second tranche in January 2017 and Rs 2,500 crore from the third tranche in March 2017. CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 PSUs — ONGC, Coal India, IOC, GAIL (India), Oil India, PFC,  Bharat Electronics , REC, Engineers India and Container Corporation of India. The Department of Investment and Public Asset Management (DIPAM) floated a request for proposal (RFP) for appointing an advisor with experience and expertise in advising on creation and launch of equity ETFs/ equity mutual funds (MFs).

Domestic market developments: ·         Domestic benchmark equities ended lower today, tracking weak global cues, as worries of a trade war between the US and world's other economies dampen investor sentiment. Financial and energy stocks were among the biggest drags on both the indexes. Sensex and Nifty ended 0.61% and 0.55% lower respectively. ·         Government bond prices ended flat today. However, weakness in Rupee versus Dollar fuelled fears of FPI outflows in the Indian government debt market. Sharp rise in crude oil prices on Friday disrupted risk-appetite. However, hope of more open market bond purchases by RBI provided some support to prices. The yield on 10-year G-sec ended at 7.82% similar to the previous close. ·         The Rupee weakened against the US Dollar on weak risk appetite following ongoing global trade disputes coupled with oil importers' Dollar demand. Foreign banks' dollar buys and negative local equities weighed on the sentiment. However, Doll

*NSE* *Nifty* *_(P/E  26.48)_*       *- 59 (10762)*  🔽 *BSE* *Sensex*  *_(P/E  22.69)_*      *- 219 (35470)*  🔽 *BSE midCap* *_(P/E   33.77)_*      *- 127 (15713)* 🔽 *BSE smallCap* *_(P/E   97.70)_*   *- 147 (16392)* 🔽 *Fii*   Cash    *_+ 199 Crs_* 😜 *Dii*   Cash    *_- 86 Crs_* 😕 *BrntCrude*   _74.54_*$/brl* & *₹* _4711_ *Gold Commex*  _1272_  *$/oz* & ₹/10 gm     _30699_ *10 Yrs GS Benchmark* *7.17% GS-2028* YTM *7.8237* 🔼🙁 *ForeX*   *$/₹*       _68.12_ 🔽😒 *€/₹*       _79.58_ 🔽😳 *£/₹*        _90.38_ 🔽😒

RITES - IPO Day 3 final Subscription level QIB - 71.72 Times NII - 194.56 Times Retail - 15.74 Times Employee - 0.96 times Total - 67.13 Times Total No. Of applications 1376499 Application wise 13.11 Fine organics - IPO Day 3 Final Subscription level QIB - 12.86 Times NII - 21.01 Times Retail - 1.62 Times Total - 8.99 Times Total No. Of applications 204660 APPLICATIONS wise 1.45

_*〽arket 〽⭕⭕D as on*_ 2⃣2⃣➖0⃣6⃣➖1⃣8⃣ provisional @ 05:22 pm *NSE* *Nifty* *_(P/E  26.63)_*       *+ 81 (10822)*  🔼 *BSE* *Sensex*  *_(P/E  23.04)_*      *+ 257 (35690)*  🔼 *BSE midCap* *_(P/E   34.37)_*      *+ 72 (15840)* 🔼 *BSE smallCap* *_(P/E   100.90)_*   *+ 12 (16540)* 🔼 *Fii*   Cash    *_- 1343 Crs_* 😒 *Dii*   Cash    *_+ 1106 Crs_* 😊 *BrntCrude*   _74.41_*$/brl* & *₹* _4527_ *Gold Commex*  _1271_  *$/oz* & ₹/10 gm     _30615_ *10 Yrs GS Benchmark* *7.17% GS-2028* YTM *7.8158* 🔼😒 *ForeX*   *$/₹*       _67.84_ 🔼☺ *€/₹*       _78.99_ 🔽☹ *£/₹*        _90.15_ 🔽☹

The share sale of the state-owned firm to raise about Rs 466 crore received bids for over 169 crore shares against the total issue size of 2.52 crore shares, resulting in a total subscription of 67.12 times, NSE data till 1945 hrs showed. from Moneycontrol IPO News https://ift.tt/2MbEHIj

The second tranche of Bharat-22 ETF was oversubscribed on the final day of offering, with the issue garnering subscription to the tune of Rs 12,500 crore. from The Financial ExpressMarket – The Financial Express https://ift.tt/2K2wp8S v

Bajaj Finance has surpassed Axis Bank in terms of market capitalisation, following a surge in its share price which hit a 52-week high during the day today. from The Financial ExpressMarket – The Financial Express https://ift.tt/2K7w0OB v

OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage. from The Financial ExpressMarket – The Financial Express https://ift.tt/2ltLlhO v

The IPO, to raise little over Rs 600 crore, received bids for 4,78,34,875 shares against the total issue size of 53,65,497 shares, translating into an overall subscription of 8.92 times, data available with the NSE till 1930 hrs showed. from Moneycontrol IPO News https://ift.tt/2KdXOkB

The rupee continued its rally for a third straight session on Friday, strengthening by another 14 paise to end at 67.84 against the US dollar amid su from The Hindu - Markets https://ift.tt/2JYlvRH

Govt Official To CNBC-TV18 | Bharat-22 ETF FFO Currently oversubscribed 1.47x; Govt to raise Rs 8,400 cr from Bharat-22 ETF FFO, with greenshoe option of Rs 2,400 cr

Benchmarks weathered volatility to end sharply higher on Friday, propelled by a late-session surge as investors snapped up healthcare, telecom and fi from The Hindu - Markets https://ift.tt/2turh2q

Investors are concerned about the long-term impact of trade wars and this is what has triggered another sell-off in the markets. from The Financial ExpressMarket – The Financial Express https://ift.tt/2IgD2Pv v

The BSE Sensex surged by 308.87 points to record an intra-day high of 35,741.26 points on bargain-hunting by investors, while the NSE Nifty50 climbed 95.9 points to an intra-day high of 10,837 points. from The Financial ExpressMarket – The Financial Express https://ift.tt/2Mf91BN v

China’s policy makers and local authorities are taking steps to prevent deepening strains in the $11 trillion bond market from spiraling into a broader systemic collapse. from The Financial ExpressMarket – The Financial Express https://ift.tt/2K9WFdB v

The IPO, to raise a little over Rs 6 bn, received bids for 54,81,975 shares against the total issue size of 53,65,497 shares, data available with the NSE till 1245 hrs showed from IPOs https://ift.tt/2tu2r2t

The issue received bids for 4.68 lakh shares against the issue size of 53.65 lakh crore shares, as of 4:45 PM on June 22, 2018. from Moneycontrol IPO News https://ift.tt/2IftrIk

The issue received bids for 21.49 crore shares against the issue size of 2.52 crore shares, as of 2:00 PM on June 22, 2018. from Moneycontrol IPO News https://ift.tt/2tuCMqn

Posted by Equitymaster          After opening the day in red, share markets in India witnessed positive trading activity throughout the day and ended the day on a positive note. Sectoral indices traded on a mixed note, with stocks in the pharma sector and�stocks in the banking sector , leading the gains. At the closing bell, the� BSE Sensex �stood higher by 257 points (up 0.6%) and the� NSE Nifty �closed up by 81 points (up 0.7%). The� BSE Mid Cap �index ended the day up 0.5%, while the� BSE Small Cap �index ended the day up by 0.1%. The rupee was trading at Rs 67.82 against the� US$ �in the afternoon session. Oil prices were trading at US$ 73.8 at the time of writing. Asian stock markets finished mixed. As of the most recent closing prices, the� Hang Seng �was up by 0.2% and the Shanghai Composite was up by 0.5%. The� Nikkei 225 �was down by 0.8%. Meanwhile, European markets, were trading on a positive note. The FTSE 100 was up by 0.8%, The DAX, was up 0.5% while the CAC

Posted by Equitymaster          ADANI TRANSMISSION share price has Zoomed 5% and is presently trading at Rs 163. Meanwhile, the BSE POWER Index is at 2,005 (Up 0.8%). Among the top Gainers in the BSE POWER Index today is ADANI TRANSMISSION (up 5.23%). SIEMENS (down 0.11%) and ADANI POWER (down 1.07%) are among the top losers today . Over the last one year, ADANI TRANSMISSION has moved up from Rs 120 to Rs 163, registering a gain of Rs 44 (up 36.25%) On the other hand, the BSE POWER has moved down from 2,236 to 2,005, loss of 231 points (down 10.36%) during the last 12 months. The top gainers among the BSE POWER Index stocks during this same period were ADANI TRANSMISSION (up 36.25%), KEC INTERNATIONAL (up 35.83%) and TORRENT POWER LTD (up 30.38%). What About the Benchmark Indices? The BSE Sensex is at 35,678 (up 0.68%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 3.57%), M&M (up 2.50%) and HDFC (up 2.47%). Other gainers include AXIS BANK

Posted by Equitymaster          INOX WIND share price has Zoomed 5% and is presently trading at Rs 92. Meanwhile, the BSE CAPITAL GOODS Index is at 17,874 (Up 0.4%). Among the top Gainers in the BSE CAPITAL GOODS Index today is INOX WIND (up 5.14%). V GUARD IND. (down 0.02%) and THERMAX LTD (down 0.10%) are among the top losers today . Over the last one year, INOX WIND has moved down from Rs 144 to Rs 92, registering a loss of Rs 52 (down 36.29%) On the other hand, the BSE CAPITAL GOODS has moved up from 17,593 to 17,874, registering a gain of 281 points (up 1.42%) during the last 12 months. The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 427.19%), LAKSHMI MACHINE (up 55.41%) and WELSPUN CORP (up 25.14%). What About the Benchmark Indices? The BSE Sensex is at 35,647 (up 0.58%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 3.22%), M&M (up 2.47%) and HDFC (up 1.89%). Other gainers incl

Posted by Equitymaster          HIND. CONSTRUCTION share price has plunged 5% and is presently trading at Rs 13. Meanwhile, the BSE REALTY Index is at 2,161 (Down 0.6%). Among the top losers in the BSE REALTY Index today is HIND. CONSTRUCTION (down 5.45%) UNITECH (up 1.36%) and OMAXE LTD (up 0.71%) are among the top gainers today . Over the last one year, HIND. CONSTRUCTION has moved down from Rs 42 to Rs 13, registering a loss of Rs 28 (down 68.55%). The BSE REALTY has moved up from 2,105 to 2,161, registering a gain of 56 points (up 2.66%) during the last 12 months. The top gainers among the BSE REALTY Index stocks during this same period were PHOENIX MILL (up 42.21%), GODREJ PROPERTIES (up 35.92%) and OBEROI REALTY (up 35.21%). What About the Benchmark Indices? The BSE Sensex is at 35,524 (up 0.22%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.79%), M&M (up 2.27%) and ITC LTD (up 1.84%). Other gainers include AXIS BANK (up 1.67%) and