Among top 10 names, only one fund, Green Lantern’s Growth Fund, has asset under management (AUM) of less than Rs 500 crore. Rest are relatively more established
Pharma has emerged as the real star this earnings season, but banks are poised to join the rally soon as NIM pressure is behind them. Expect IT earnings to bottom out in the next one to two quarters, he said.
The Nifty 50 net gained about 2% in the current quarter, compared to the 10% gains it clocked in the June quarter. Nine of its 50 constituents gave 10-26% returns in the September quarter. Of these 9 constituents, three are public sector companies. The nine stocks are Coal India, NTPC, Larsen & Toubro, Oil and Natural Gas Corp, Cipla, Tata Steel, Adani Ports and Special Economic Zone, Hindalco Industries, and Grasim Industries.
At least 15 such high-risk PMS strategies have given returns in the range of 40-73% on a 1-year basis, showed data by investment analytics provider Finalyca.