Indian Equity Research and Investment Strategy
Complete Review and Recommendations on Mutual Funds in India
In a somewhat delayed review [FOR March-2010 Quarter], we will review the performance of the the Funds that we have been recommending for quite a long time now.
HDFC Equity Fund – The fund continues to beat the benchmark S&P CNX 500 by a Huge Margin. The fund mainly consists of Large Cap Stocks with some flavor or Midcaps in the Growth sector.
Returns Delivered by HDFC Equity Fund – Data Suggests that 15 year SIP has yielded you 30.09% while a 10 year SIP would have made (more…)
HDFC AMC through its fund HDFC Monthly Income Plan Long Term Option has participated in the Anchor Investment Option of Nitesh Estates IPO, currently open for subscription. We don’t care what Citigroup does or other Financial Institution do, however, we have been tracking every move of Sr. Fund Manager Prashant Jain for the past 10 years and this is quite an abnormal move from Mr. Jain, especially in the Real Estate space. Almost all have recommended AVOID Nitesh Estates IPO.
Mr. Jain never took any exposure to real estate stocks except that of Ansal Properties, but then the HDFC Group had participated (more…)
High distributor commissions and upfront charges on insurance products appear to be the key areas of contention in the recent regulatory tussle between IRDA and SEBI. From media reports, the finance minister appears inclined towards a no-load model for all financial products over the long term.
We believe insurance companies will need to gradually reduce upfront distributor payouts or may even have to move close to a (more…)
The Securities and Exchange Borad of India under Mr. Bhave and Whole Time Director Mr. Prashant Saran have banned ULIP – Unit Linked insurance Policies of 14 companies with immediate effect. It is an excellent move in our view. Seconding our views just minutes ago Union Finance Ministry (more…)
It is true that Indian Mutual Fund industry is very small compared to Insurance and FIIs. However, it is one of the best regulated and somewhat directly under SEBI [Can you believe HDFC was sending their top Agents on a Foreign Trip and SEBI asked if the Agents have disclosed this to their Clients ?] We strongly (more…)
Total AUM at INR 7.75 tn; assets worth INR 1.47 tn added in October with mere INR 1.92 tn Equity AUM; dipped INR 0.10 tn (down 5%) M-o-M. The ratio of large-cap AUMs to mid-cap AUMs was at 0.83 in October versus 0.85 in September.
Large-cap funds have increased exposure to banking, FMCG, (more…)