Vetri Subramaniam, CIO of UTI AMC, assesses the market and expresses concern over the valuations in the midcap and smallcap segments. He also highlights the investment potential of debt products in the current scenario, especially for those with taxation considerations. Subramaniam discusses the changing nature of the economy and the premium given to niche high-growth companies. He emphasizes the importance of macroeconomic cycles and the resilience of largecap companies.
Discover how a skilled fund manager achieved extraordinary returns, turning a Rs 50 lakh investment into Rs 2 crore since January 2020.
Employees of states that have opted out of the National Pension System (NPS) will continue to earn returns on their corpus, according to India’s pension regulator. Several states had previously opted out of the NPS, leaving state government employees uncertain about accessing their corpus held by fund managers. The regulator also urged banks and other intermediaries to enroll more private sector employees in the scheme. The NPS offers competitive returns and allows systematic withdrawal and retention of the corpus until the age of 75.
Fundraising through REITs and InvITs has surged 10-fold year-on-year to Rs 11,474 crore in 2023. The increase in fund mobilisation is attributed to efforts by regulator Sebi and the attractive returns offered by these investment options. Further growth is expected in 2024 due to factors such as anticipated rate cuts, tax incentives, and relaxed investment norms
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As we transitioned into the new calendar year, ETMarkets analyzed stocks that exhibited a consistent positive performance every January over the last five calendar years. Only 7 stocks from the BSE universe have made the cut, with six of them doubling investors’ wealth over the last five years.
The relentless investments by domestic investors have resulted in an unprecedented rally in smallcap stocks. However, some of these stocks are still trading below their 5-year average price-to-earnings ratio (P/E). Analyzing the valuation, we have shortlisted 10 multibaggers that are worth considering. Neuland Laboratories, Quick Heal Technologies, Welspun Enterprises, PTC India Financial Services, ITD Cementation India, Responsive Industries, Indraprastha Medical Corporation, Anant Raj Ltd, Capacit’e Infraprojects, and Mishtann Foods are the 10 shortlisted stocks with an annual turnover of over Rs 100 crore. This article provides insights into the financial performance of each of these stocks and the outlook for smallcap stocks in 2024.
Shares of Lloyds Metals and Energy have delivered massive returns to investors, increasing by 4400% in the last 10 years. The stock has also surged 5100% in the last 3 years and provided returns of 1,860% in the last five years. Promoters hold a majority stake at 65.75%, while 34.25% is with public shareholders.
Smallcap funds have emerged as the top performers in the mutual fund industry, attracting significant inflows in FY24. Data reveals that 24 smallcap schemes have delivered impressive returns so far this financial year, with several stocks more than doubling investors’ wealth. Mahindra Manulife Smallcap Fund, Union Smallcap Fund, Nippon India Smallcap Fund, Aditya Birla Sun Life Smallcap Fund, and HDFC Smallcap Fund are among the leading performers. Despite concerns of overvaluation, experts believe the sustained inflows into smallcap funds indicate the deepening of the Indian capital market.
