The key risk is that the fund manager may not always take the right calls
The correction in this space, which began in January 2018, seems to have accelerated recently. Top fund managers advise retail investors to accumulate quality stocks and wait for the upturn
Besides the core business going away, investors are concerned on how the sale proceeds will be distributed among the shareholders
3 out of 5 diversified equity schemes underperform benchmarks
Fund managers see re-rating of stocks with asset quality expected to improve and capex cycle reviving
Even over the longer term, active fund managers have found it difficult to outperform their benchmarks
Investors look for stocks with limited downside as markets expected to stay volatile
Experts say fund managers could have taken advantage of the rally to book profits
Experts say a weak RBI could be negative for both the equity as well as the debt markets as it will have a direct bearing on the economy
The benchmark Smart Portfolios value took a marginal dip in the last five trading days. The benchmark S&P CNX index portfolio value declined 0.4 per cent from Rs 11.34 lakh to Rs 11.30 lakh, during April 23-29. The markets were volatile during this period as they swung to the global cues following the Greece, Portugal and Spain S&P downgrades, and our very own April derivatives expiry.
Changes to portfolio holding suggest fund managers have been following bottom-up approach for stock picking amid spike volatility in May
Fund houses are adopting the process-driven approach and appointing co-managers to avoid fund getting impacted in case of exits.
The total assets managed by the women managers have recorded an increase in terms of absolute numbers
A lot of small-cap action has been driven by retail investors
India's equity fund managers' sell calls during the month of September did not go well in October. Of the top 10 sell calls, eight stocks have ended the trade in October with gains.Tata Motors, the top liquidated stock then, gained seven per cent in October. Collectively, equity investment managers had sold shares worth Rs 802 crore of the automobile maker. Similarly, Grasim Industries and Adani Ports & SEZ made double-digit gains in October.The fund managers' best sell call was on YES Bank; it eroded a little over 10 per cent of investor wealth this month. Though, the counter had also touched a high of about Rs 375 before settling the month at Rs 314.35 on the BSE.Fund managers maintain a month is too short period to judge their investment call. They tend, they note, to take a long investment horizon, and are not perturbed with short-term movement in their portfolios' picks. As for the 10 most invested stocks in September, the performance, barring four picks (Interglobe Aviation .
Infosys and AU Small Finance Bank have hit fund managers the most
As outperformance by fund managers diminishes, investors should move towards lower-cost products
Fund managers say they are betting on banks with recovery in the economy
Domestic fund managers are always on lookout for little-known companies with encouraging prospects
There is a lag between the actions of fund managers and the time when this data come to you