Cement good proxy to play impending upcycle in economy: Edelweiss MF CIO
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His positive stance is reflected through his holdings in stocks like JK Cement, Dalmia Bharat, Brigade Enterprises, NCC, Ashoka Buildcon in his midcap and smallcap schemes.
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MUMBAI: Harshad Patwardhan, chief Investment officer of Edelweiss Mutual Fund, is bullish on the fortunes of the cement sector. His positive stance is reflected through his holdings in stocks like JK Cement, Dalmia Bharat, Brigade Enterprises, NCC and Ashoka Buildcon in his midcap and smallcap schemes. Edelweiss Midcap Fund has a 12.25% exposure to the construction sector compared to the benchmark weight of 7.3%, while Edelweiss Small Cap Fund has a 15% weight as against the benchmarks 11.08%.
Prices climbed about Rs 20-30 per bag, or up to Rs 600 a tonne, in the south and Rs 10-15 per bag in other states, as leading manufacturers sought to pass some of the input cost increases on to the consumer.
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NEW DELHI: A handful of common stocks seems to be driving the performance of some of the top-performing midcap funds in the last one year.
They include names like Federal Bank, Voltas, Bharat Forge, JK Cement, Crompton Greaves Consumer Electricals, SRF and Coromandel International, among others, publicly available portfolio data of the five top-performing midcap funds showed.
These schemes delivered 36-55 per cent returns for the last one year against a 23 per cent rise in the BSE Sensex. The schemes are PGIM India Midcap Opportunity Fund (up 55 per cent), SBI Magnum Midcap Fund (up 40 per cent), Mirae Asset Midcap Fund (up 39.6 per cent), Quant Midcap Fund (up 36.13 per cent) and Edelweiss Midcap Fund (up 36 per cent). Except for Quant Midcap Fund, other four share many common stocks among their top 10 bets.
What is in the portfolios of the best midcap funds?
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They include names like Federal Bank, Voltas, Bharat Forge, JK Cement and Crompton Greaves Consumer Electricals, publicly available portfolio data of the five top-performing midcap funds showed.
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These schemes delivered 36-55% returns for the last one year against a 23% rise in the BSE Sensex.
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NEW DELHI: A handful of common stocks seems to be driving the performance of some of the top-performing midcap funds in the last one year.
They include names like Federal Bank, Voltas, Bharat Forge, JK Cement, Crompton Greaves Consumer Electricals, SRF and Coromandel International, among others, publicly available portfolio data of the five top-performing midcap funds showed.
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