The Indian monsoon is closely watched by investors as it holds significance for the government and the economy. The Indian Meteorological Department predicts a normal southwest monsoon this year, though El-Nino conditions pose a risk. A study by Stoxbox shows that the market does not react in a linear way to the outcome of the monsoon, but a good monsoon could boost sales for companies in the sectors of staples, consumer durables, automobiles, agro-chemical, fertilizers, and banks/NBFCs. Fertilizer and agrochemical companies are likely to benefit from a normal or above-normal monsoon.
A Moneycontrol analysis of the 15 largest diversified equity funds shows that the 10 biggest contribute between Rs 8,817 crore and Rs 28,000 crore worth of market capital each. Small- and mid-cap funds take different paths. Here is a look at the pluses and minuses of diversification through Mutual Funds.
Harsha Upadhyaya, CIO Equity at Kotak Mutual Fund, expects a range-bound market in the near term, citing the unlikely resumption of earnings momentum. He remains cautious on the IT and new-age space and is bullish on sectors with steady earnings growth, such as banking, auto, cement, and industrials.
The 80C income tax section has many options and is thus crowded. With ELSS, it is easier to meet the required quantity of Rs 1.5 lakh for tax benefit in a financial year