Stock market minnows put up a stellar show in 2021 giving returns of up to 60 per cent amid Dalal Street dream run and are likely to continue sailing northwards in the New Year too. Trumping pandemic-induced uncertainties, the Indian equity market posted stunning gains this year achieving several feats and smaller stocks benefited the most from the strong momentum. From reaching the momentous 50,000-mark in January to scaling 61,000-level in October, the BSE Sensex had an epic journey this year. Till December 28 this year, the midcap index gained 6,712.46 points or 37.41 per cent while the smallcap index zoomed 10,824.78 points or 59.81 per cent. In comparison, the BSE Sensex jumped 10,146.15 points or 21.24 per cent. "We are in a structural bull market where midcap and smallcap stocks tend to outperform. It was a very tough period for midcap and smallcap stocks from the beginning of 2018 to March 2020 because of the announcement of Long-Term Capital Gains (LTCG) and regulatory ..
The small-cap and sectoral funds, however, saw an increase in their AUM by Rs 1,360 crore and Rs 466 crore
In August, these stocks underperformed Sensex by 9 percentage points. Previously, they had seen sharper underperformance in Sept 2018
Indicates that number of declining stocks far exceeds those advancing, and may be a bearish signal
Not only are the small- and mid-cap indices off to their best start to a calendar year since 2014 but their outperformance over large-caps is at record levels
With a 20 per cent jump on June 1, 2021, the stock of PNB Housing Finance has conquered the resistance of Rs 600 levels.
In a Q&A, Lav Chaturvedi says the market is still predicting that the impact of the second wave of Covid-19 cases will not be as severe as last year
Most focused funds have exposure of around 50-60% in large-cap stocks, with the remaining between mid- and small-cap stocks
Twenty-five of 46 such schemes, or 54 per cent, outperformed the benchmark indices
The Nifty Midcap 100 Index has climbed 20 per cent this year, and the Nifty Smallcap 100 Index has advanced 17 per cent, outpacing the 11 per cent gain in the large-cap NSE Nifty 50 Index
Wait until your fund house communicates a change of mandate before you decide on your course of action
Besides the so-called technical factor, analyst also attribute the current rally to an attractive valuation, prompting investors to buy these stocks
There is no need for existing multi-cap investors to panic or take any action, despite the likelihood of higher portfolio risk if the regulations are implemented in their present form.
Sebi's new diktat says multi-cap equity funds must invest a minimum of 75% in equities, up from 65%, with at least 25% each in large-caps, mid-caps, and small-caps
Sebi's new circular may lead to an avoidable churn in the market
As a result, a lot of multi-cap schemes' investment were skewed towards the large-caps
Those invested in YES Bank's Rs 15,000-crore follow-on public offering (FPO) had something to cheer last week
Clearly, these are unusual times. So, things need to be done differently
'We are positive on private-sector banks, both retail and corporate', said Mihir Vora, director & chief investment officer, Max Life Insurance
The investor should also be able to evaluate the quality of the promoter-his background, competence level, and even his hunger to make it big