Nov 29, 2000|
Old economy lifts growth fund NAVs
The major market indices – BSE Sensex and S&P CNX Nifty have appreciated over the week by 1.1% and 1.4% respectively. Diversified growth funds have thrived on the growth wave and have even managed to outperform the major market indices.
With the markets showing faint signs of a revival, albeit with some volatility, growth funds have shot into the limelight. For a change, the markets are being lifted by old economy stocks and not technology, media and telecom (TMT), as has been the case for quite some time now. Most gainers during the week belong to the old economy, particularly cement and engineering. So we have seen ACC, BHEL, TELCO, IPCL, L&T, Guj. Ambuja, appreciating significantly compared to their TMT peers. The latter were listless with only NIIT witnessing some growth.
*CAGR=Compounded Annual Growth Rate
|Open-ended, Growth Schemes
|S&P CNX Nifty
|Mastershare Plus 1991
|DSP ML Opportunities (Gr)
|GIC Growth Plus II
|Sun F&C Emerg Tech (Gr)
|GIC Fortune 1994
|Boinanza Exclusive Gr
|Tata Pure Equity
|K P Bluechip (Gr)
|K P Prima Plus (Gr)
|IL&FS Gr & Val (Gr)
|Sun F & C Value (Gr)
|Templeton Growth Fund
|JM Equity Fund (Gr)
This seems to indicate that old economy stocks maybe down, but they aren’t out. Most funds have cut down exposure to old economy at the expense of TMT. Those funds that have kept the faith in old economy have done so because they believe that the TMT story cannot last forever, and given the way dotcoms have been falling these days, that may even be true!
More Views on News
Mar 10, 2016
An opportunity to find an impeccably trustworthy and competent financial guardian is in the offing.
Feb 29, 2016
Most financial planners come out as whiz kids who throw around financial jargon. But financial planning can be actually easy, provided one follows a disciplined approach.
Feb 12, 2016
PersonalFN highlights the benefits of parking a portion of your expenses in e-wallets and using them efficiently.
Feb 2, 2016
Mutual funds take a bearish call on the FMCG sector. The sector has started playing out due to a combination of slower growth and expensive valuations.
Feb 1, 2016
Ethical practices help build long lasting relationships, and healthy long-term business relationships are often mutually rewarding. But PersonalFN is of the view that the financial services industry in India seems to have forgotten this.
More Views on News
Aug 10, 2017
Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.
Aug 10, 2017
Bill connects the dots...between money and growth, real money and real resources, gold and cryptocurrencies...and between gold, cryptocurrencies, and time.
Aug 12, 2017
The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.
Aug 10, 2017
Bitcoin hits an all-time high, is there more upside left?
Aug 16, 2017
Ensure your financial Independence, and pledge to start the journey towards financial freedom today!
Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement. LEGAL DISCLAIMER:
Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here
. The performance data quoted represents past performance and does not guarantee future results.SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: email@example.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407