PMS biggies flop again; small, midcap strategies steal the show
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Data compiled by PMS Bazaar showed Rising Start Opportunity strategy of Valentis Advisors, which invests in up and coming smallcap and midcap stocks, emerged the top performer with a 9.08 per cent return.
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NEW DELHI: PMS schemes focused on smallcaps and midcaps stole the show in January, as some big names from the industry failed to outperform their respective benchmarks thanks to a sell-off in stocks at the end of the month, which hit their returns.
Data compiled by PMS Bazaar showed Rising Start Opportunity strategy of Valentis Advisors, which invests in up and coming smallcap and midcap stocks, emerged the top performer with a 9.08 per cent return.
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This week has been eventful for the small and medium business sector. After a difficult year, the sector was looking forward to the Union Budget 2021. Finance Minister Nirmala Sitharaman allocated Rs 15,700 crore to the MSME sector, besides laying a special framework for Data Analytics, Machine Learning (ML), and Artificial Intelligence (AI) to assist the sector.
SMBStory spoke to several MSMEs who welcomed the new custom duties and shared their thoughts about other initiatives.
This week, we also covered
Bankit- a fintech company, which is helping the underbanked Tier-III, Tier-IV cities with digital banking solutions and Jayshri Gayatri Food Products that launched a
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The Digital India campaign, launched in 2015, saw various sectors including retail, manufacturing, finance, hospitality, and others, adapt to the rising speed of technology. Traditional small businesses and MSMEs steadily moved their infrastructure to digital, and have since experienced efficiency and ease of doing business.
The Indian banking industry has seen very unique progress in digital adoption. According to PwC India, the digital payments landscape in the country has been growing rapidly over the last few years. The Reserve Bank of India (RBI) reported a compound annual growth rate (CAGR) of 61 percent in volume, and 19 percent in value for digital payments in India between 2014–2019. This growth has been supported and propelled by the continuous emergence of new technologies, payments products/methods, the introduction of disruptive market players and regulatory interventions, among many other factors.