Why top fund houses are playing contrarian in this market

THE ECONOMIC TIMES Fri, Jun 14, 2019 | 04:55 AM IST ET Investment Opportunities

Why top fund houses are playing contrarian in this market Total AUM of the mutual fund industry stood at Rs 25.43 lakh crore at the end of May Ridham Desai lists two themes that may emerge as mega trends I pay attention only to valuations and earnings, and so far, valuations are okay: Ridham Desai Kacholia's latest stock pick from chem space is showing prospects The company's latest annual report showed the stock picker acquired 7,50,000 shares. 80% of PMSes delivered in May: Look who all missed the jackpot The minimum investment threshold for PMS schemes is Rs 25 lakh.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset Large Cap Fund Direct- Growth 7.32 9.97 11.56 17.50 Axis Bluechip Fund Direct Plan-Growth 7.91 11.53 11.88 17.33 JM Core 11 Direct Plan-Growth 4.73 10.22 6.74 17.04 Reliance Large Cap Fund Direct-Growth 6.84 9.46 10.79 17.00 Mirae Asset Large Cap Fund Regular- Growth 7.22 9.36 10.43 16.52 FeaturedDHFL Pramerica Large Cap Fund Direct Plan-Growth ★★★★★ 7.75 12.12 8.90 13.00 Start SIP

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How to stay rich: Top tips to preserve wealth over generations Fights over succession planning or individual investment decisions can pull a family apart. This uninvited guest can crash midcap party on Dalal Street As the euphoria from the election victory fades, the focus is shifting back to reality. Best of both worlds: Mix growth, value investing for mega returns At any given point of time, the market provides opportunity for both types of strategies. Gold rally comes to a halt, but will resume soon: Buy on dips Weaker-than-expected US jobs data propelled gold prices to three-an-a-half months high.

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Market Moguls: Why is market ready to take this pain in economy Earnings growth will look better in FY20 largely due to corporate-focused private banks. Let's play catch up: How to trade commodity futures and options MCX is the largest, and listed, metals and energy exchange.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   Sudarshan Pharma Industries Ltd. 75.00 12-06-2019 17-06-2019 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-G Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-D Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-DQ Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-DY Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 UTI Fixed Term Income Fund - Series XXXII - I (1126 Days) Reg-Flexi D Debt: FMP Closed-end 04 Jun 2019 18 Jun 2019 5,000 More >>

Real Estate News

Prime property demand may look up in H2 of FY19: Knight Frank Delhi saw the highest price increment of 4.4 per cent in the first quarter of 2019.

Amrapali homebuyers seek 'stress fund' to finish flats Though the final order in the Amrapali case is still pending in the Supreme Court, a bench comprising had earlier asked Noida Authority if it could complete the pending work of Amrapali.

Housing plan applications likely above 50,000: DDA The application money will be refunded later to the unsuccessful applicants. Under Housing Scheme 2019, DDA had put 17,922 HIG, MIG, LIG and EWS flats on sale.

Unsold stocks of luxury flats down 12% in last one year: ANAROCK "To put it in numbers, the current unsold stock of luxury homes (priced between Rs 1.5 crore to Rs 2.5 crore) has reduced to about 42,650 units (in Q1 2019) against 48,300 units as in Q1 2018."

Jaypee Infratech home buyers may stop paying EMIs Voting will end Monday on NBCC's bid for Jaypee Infratech. Bid requires 66% votes in favour to go through.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   SBI Capital Protection Oriented Fund - Series A (Plan 4) Direct-G Hybrid: Conservative Hybrid Closed-end 04 Jun 2019 18 Jun 2019 5,000 SBI Capital Protection Oriented Fund - Series A (Plan 4) Reg-G Hybrid: Conservative Hybrid Closed-end 04 Jun 2019 18 Jun 2019 5,000 Shriram Balanced Advantage Fund Reg-D Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 2019 28 Jun 2019 5,000 Shriram Balanced Advantage Fund Direct-G Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 2019 28 Jun 2019 5,000 Shriram Balanced Advantage Fund Reg-G Hybrid: Dynamic Asset Allocation Open-ended 14 Jun 2019 28 Jun 2019 5,000 More >>

Views and Recommendations

Buy KEC International, target Rs 383: Reliance Securities 13 June, 2019, 02:40 PM IST KEC International is a midcap company, operating in power sector. Buy Buy Varun Beverages, target Rs 1,106: ICICI Securities 13 June, 2019, 01:04 PM IST Varun Beverages is a midcap company, operating in beverages - non-alcoholic sector. Buy Reduce Avenue Supermarts, target Rs 1,280: Edelweiss Securities 13 June, 2019, 12:50 PM IST Avenue Supermarts is a largecap company, operating in retail sector. Reduce Buy Pokarna, target Rs 215: ICICI Direct 13 June, 2019, 12:35 PM IST Pokarna's topline grew 63.1 per cent year-on-year (YoY) to Rs 144.7 crore in Q4FY19. Buy

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