The impending merger between Housing Development Finance Corporation (HDFC) with HDFC Bank may create challenges for large-cap fund managers, most of whom are already grappling to match the returns generated by their benchmarks. The combined weight following the merger in the benchmark Sensex and Nifty 50 indices is likely to be much higher than permissible limits for active mutual fund (MF) schemes. This could have a bearing on the performance of large-cap funds if HDFC Bank shares outperform the markets, as the schemes will be forced to remain underweight on the stock to adhere to the single-stock cap.
Sandip Sabharwal, CEO-PMS, Prabhudas Lilladher says that after twelve months, the outlook would be looking much better and the situation will be sanguine for investments.
J M Mutual Fund's chief investment officer (equity) speaks about his stock picking strategies. He says he is a firm believer in focusing on companies than on sectors.
Market participants are impressed that Rajan has set the ball rolling on his first day at RBI with a series of announcements, raising expectations that more are in store.
The markets had been on an upward trajectory since August 2013.
Paid Rs 15,474 cr against CIL's Rs 13,075 cr in FY15
Several MF managers are trying to tell their investors that it could be the best time to invest as India is different.
Our stock exchanges no longer belong to one state or one community.
The analysis is based on the free-float market capitalisation.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
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