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Time of India
13-06-2025
- Business
- Time of India
Indian stock market outperforms global market indices: Bandhan Mutual Fund
India emerged as the top-performing market globally in the three months ending May 2025, delivering a robust 16% return. In comparison, emerging markets gained 5%, while world and developed market indices saw modest gains of just 2% during the same period, according to the latest Bandhan Mutual Fund Monthly Market Outlook. According to the outlook, India is also the top performing market over a longer period of five years, delivering US dollar returns of 18%, beating the 12% return of the world and developed markets and delivering more than 4X the emerging market returns and India's returns from the lows hit on March 20. Source: Bandhan Mutual Fund June 25 Market outlook Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » In May, China stood out amongst major markets globally by falling 2%, whilst other major global markets saw gains. Also Read | NFO Insight: Baroda BNP Paribas Health and Wellness Fund opens. Is it the right prescription for your portfolio? Live Events In terms of market capitalisation, small caps have given the best returns over the last 3 months, 5 years and since March 2020. Mid caps were the second-best-performing capitalisation category over the same period, followed by the large caps. Source: Bandhan Mutual Fund June 25 Market outlook In May 2025, while most sectoral indices showed gains, utilities gave almost flat returns, while metals were marginally negative. In contrast, industrials, capital goods and telecom all delivered double-digit gains in May, while the lowest positive gains in the sector were delivered by the traditionally defensive sectors of FMCG, Healthcare and IT. India's Services Purchasing Manager's Index (PMI) increased m-o-m, indicating a service sector recovery. Conversely, the Manufacturing PMI declined m-o-m, indicating a slowdown in the manufacturing sector. Continued weakness in the US$, falling interest rates in the domestic economy, and earnings broadly in line with muted expectations helped drive the market higher in May 2025, said the fund house in its June 2025 market outlook. 'We expect continued volatility during the next couple of quarters, as the US continues to sign trade deals. While economic activity has remained strong due to the front-loading of global trade, there could be significant disruptions as the tariffs come into force. The domestic economy seems to be turning around and is much better placed than the global economy,' said Manish Gunwani , Head Equities, Bandhan AMC. Also Read | HDFC Defence Fund adds Bharat Forge and Bharat Dynamics in its portfolio in May On the fiscal front, India's FY25 central government accounts met the revised estimate of 4.8% of GDP , with the FY26 deficit budgeted at 4.4%. Inflation data showed negative momentum in CPI food prices for the sixth consecutive month, and core inflation inched up. The India Meteorological Department (IMD) forecasts an 'above-normal' southwest monsoon, contributing to a benign inflation outlook. Bank credit outstanding as of May 16, 2025 grew 9.8% YoY, with deposits up 10% YoY. 'The recent surprise 50 bps rate cut and 100 bps CRR cut by the RBI underscore a proactive stance to ensure rapid monetary transmission, aiming to support growth,' said Suyash Choudhary, Head fixed income, Bandhan AMC.
Economic Times
13-06-2025
- Business
- Economic Times
Indian stock market outperforms global market indices: Bandhan Mutual Fund
India emerged as the top-performing market globally in the three months ending May 2025, delivering a robust 16% return. In comparison, emerging markets gained 5%, while world and developed market indices saw modest gains of just 2% during the same period, according to the latest Bandhan Mutual Fund Monthly Market to the outlook, India is also the top performing market over a longer period of five years, delivering US dollar returns of 18%, beating the 12% return of the world and developed markets and delivering more than 4X the emerging market returns and India's returns from the lows hit on March 20. Source: Bandhan Mutual Fund June 25 Market outlook In May, China stood out amongst major markets globally by falling 2%, whilst other major global markets saw Read | NFO Insight: Baroda BNP Paribas Health and Wellness Fund opens. Is it the right prescription for your portfolio? In terms of market capitalisation, small caps have given the best returns over the last 3 months, 5 years and since March 2020. Mid caps were the second-best-performing capitalisation category over the same period, followed by the large caps. Source: Bandhan Mutual Fund June 25 Market outlook In May 2025, while most sectoral indices showed gains, utilities gave almost flat returns, while metals were marginally negative. In contrast, industrials, capital goods and telecom all delivered double-digit gains in May, while the lowest positive gains in the sector were delivered by the traditionally defensive sectors of FMCG, Healthcare and IT. India's Services Purchasing Manager's Index (PMI) increased m-o-m, indicating a service sector recovery. Conversely, the Manufacturing PMI declined m-o-m, indicating a slowdown in the manufacturing sector. Continued weakness in the US$, falling interest rates in the domestic economy, and earnings broadly in line with muted expectations helped drive the market higher in May 2025, said the fund house in its June 2025 market outlook. 'We expect continued volatility during the next couple of quarters, as the US continues to sign trade deals. While economic activity has remained strong due to the front-loading of global trade, there could be significant disruptions as the tariffs come into force. The domestic economy seems to be turning around and is much better placed than the global economy,' said Manish Gunwani, Head Equities, Bandhan AMC. Also Read | HDFC Defence Fund adds Bharat Forge and Bharat Dynamics in its portfolio in May On the fiscal front, India's FY25 central government accounts met the revised estimate of 4.8% of GDP, with the FY26 deficit budgeted at 4.4%. Inflation data showed negative momentum in CPI food prices for the sixth consecutive month, and core inflation inched up. The India Meteorological Department (IMD) forecasts an 'above-normal' southwest monsoon, contributing to a benign inflation outlook. Bank credit outstanding as of May 16, 2025 grew 9.8% YoY, with deposits up 10% YoY. 'The recent surprise 50 bps rate cut and 100 bps CRR cut by the RBI underscore a proactive stance to ensure rapid monetary transmission, aiming to support growth,' said Suyash Choudhary, Head fixed income, Bandhan AMC.
Time of India
04-06-2025
- Business
- Time of India
Best large cap mutual funds to invest in June 2025
Many mutual fund advisors have been recommending to invest in large cap schemes in the current financial year. They believe that the large cap category may do well as the market is entering into the expensive territory. These advisors say that the stock market is at an all-time high and the market is likely to become volatile. So, if you are a conservative investor and are looking to invest in relatively safer equity mutual fund schemes to achieve your long-term goals, you should consider investing in large cap mutual funds . However, before that you should familiarise yourself with what are large cap mutual funds and the prevailing conditions in the stock market. According to the Sebi mandate, the large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. Large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds. Also Read | NFO Insight: Nippon Income Plus Arbitrage Active FoF opens. Is it time to add this emerging category to your portfolio? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A casa do Padre Fábio de Melo chocou o mundo inteiro Weight Loss Groove Undo Volatile times ahead Many equity investors are concerned about the increasing volatility and uncertainties in the market. A rising market, higher interest rates, and inflation are puzzling. The relative stability of the Indian economy and better fundamentals are supporting the market. However, one can't be completely safe from the global scenario. This is the reason why advisors are asking the investors to proceed cautiously. Many investors and mutual fund analysts believe that large cap schemes are losing their mojo lately. Ever since SEBI introduced the total return index in 2018 and stricter investment norms, the large cap schemes have been struggling to beat their benchmarks. However, writing off large cap schemes completely could be a mistake. It is true that new benchmarks and stricter investment norms have made life difficult for these schemes. However, the large cap schemes can still continue to offer inflation beating returns without too much volatility. Live Events Investing in other mutual fund categories for higher returns without paying attention to the extra risk could be a costly mistake for the investors. If you are happy with 10-12% returns offered by large cap mutual funds over a long period, you should invest in them. If you want to match the market returns, you may educate yourself about index schemes and invest in a large cap index scheme. If you are interested in investing in large cap mutual funds to take care of your long-term financial goals, here are our recommended large cap schemes for June 2025. You may invest in these schemes with a minimum investment horizon of five to seven years. Look out for our monthly updates where we keep discussing the performance of these schemes. We typically come up with our updates in the first or second week of every month. Also Read | Equity mutual funds offer up to 22% return in May. Check top 10 performers Best large cap mutual funds to invest in June 2025: Axis Bluechip Fund Canara Robeco Bluechip Equity Fund Mirae Asset Large Cap Fund Baroda BNP Paribas Large Cap Fund Edelweiss Large Cap Fund Here are the updates for this month. BNP Paribas Large Cap Fund has been in the second quartile in the last month. The scheme had been in the first quartile earlier. Axis Bluechip Fund has been in the fourth quartile for the last 14 months. Canara Robeco Bluechip Equity Fund has been in the second quartile in the last month. The scheme had been in the third quartile earlier. Mirae Asset Large Cap Fund has been in the fourth quartile for 19 months. Many investors have been asking about the poor performance of Axis Bluechip Fund for over a period of time, and whether they should continue to invest in the scheme. We believe equity mutual funds should be judged on their long-term performance. The scheme has outperformed its benchmark and category seven times in the last 10 years. That is a great record. Sure, the scheme has been underperforming its benchmark and category in the last three years. If you are worried, you may choose another large cap scheme. If you want to give it some more time, you can continue to invest in the scheme. Mutual fund analysts believe that schemes that have been pursuing the growth strategy have been faring poorly in the last few years as the value strategy has gained prominence in the market. Here is our methodology: ETMutualFunds has employed the following parameters for shortlisting the equity mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i) When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast. ii) When H is less than 0.5, the series is said to be mean reverting. iii) When H is greater than 0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X =Returns below zero Y = Sum of all squares of X Z = Y/number of days taken for computing the ratio Downside risk = Square root of Z 4. Outperformance: It is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market. Average returns generated by the MF Scheme = [Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate} 5. Asset size: For Equity funds, the threshold asset size is Rs 50 crore
Time of India
03-06-2025
- Business
- Time of India
Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund
Quant Mutual Fund warns investors that gold has peaked out and has the potential to correct by 12-15% in dollar terms over the next two months. 'However, our medium-term and long-term views are equally constructive and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals,' it added. June is seasonally a bullish month for crude oil and downside is already exhausted, but upside could be meaningful if EM risk-off phase magnifies; a 10-12% move higher will not surprise us, the monthly release said. It further read that with current global uncertainties, Bitcoin would be an ideal investment for high-risk appetite global investors but relative tightening of the global liquidity conditions will affect the crypto currencies in the short term. 'The medium-term and long-term outlook, however, remain constructive for crypto. High-risk appetite from youngsters is essential for sustained rallies in crypto and particularly across all digital assets,' it added. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo Also Read | NFO Insight: Nippon Income Plus Arbitrage Active FoF opens. Is it time to add this emerging category to your portfolio? Although the DXY index has corrected quite meaningfully since January highs, it seems to be bottoming out at around current levels and a pullback rally is on the cards. Live Events Sharing the outlook of global equities, the fund house said that although the near-term pullback thesis has played out quite well, the medium-term trend is still weak and the next few months will be quite challenging for global equity and US equity in particular. 'Global equity is in a consolidation phase and not in bear market territory as perceived by disheartened investors. For a deep bear market hypothesis, we require tighter global liquidity and currently, global liquidity remains quite strong.' The cash levels have been deployed in select mid and small caps in most schemes, Quant Mutual Fund mentioned in its monthly release. The fund house added that the portfolio remains tilted towards large caps , and overall liquidity of the portfolio is good. The fund house also mentioned that select buying opportunities are visible in certain sectors such as PSU, Infrastructure, Hotels & Hospitality, Pharmaceuticals, Materials, Retail and Telecom. 'As we had been calling out repeatedly over the past few months, our 'Predictive Analytics' models were showing that the corrective phase in Indian equity was close to completion. We reiterate that select buying opportunities are visible in certain sectors, viz. PSU, Infrastructure, Hotels & Hospitality, Pharmaceuticals, Materials, Retail and Telecom,' Quant MF said in its release. It further recommended that, 'Investors worldwide, and in India, should aim to have a healthy mix of assets in their portfolio.' The predictive analysis of the fund house endorses the risk-on for India and risk-off for the US both on absolute and relative basis and global liquidity metrics have started deteriorating and the risk-off phase for the US will continue while liquidity is rising. 'The DM economy is already in recession, but it is now certain that EMs will outperform DMs in the medium-term,' it added. Also Read | Top 10 mutual funds to invest in June 2025 Quant Mutual Fund mentioned that with the right policy support, India stands a good chance of benefiting from global supply chain shifts in the medium-term, driven by higher US tariffs on Chinese goods, likely progress on a US-India trade deal and favourable domestic conditions and India has a large domestic market (as large as China's in 2006-07), which could be key to rapid manufacturing growth in years ahead. According to the release, Quant Mutual Fund is seeing a complete breakdown in the traditional relationships between various asset classes viz. Gold, currencies, yields, and real interest rates, the relevance of global central banks and policy makers is declining, as they are unable to manage rising debt and inflation, despite the rising depth and breadth of the global capital markets. The fund house further informed its investor base of nearly 95 lacs folios that the fund house was the first recipient of SEBI license for the Specialized Investment Fund (SIF) – the Long-Short fund in equity, debt and hybrid categories and this product category is suitable for sophisticated investors who are well-versed with financial markets and possess a relatively high-risk appetite and seeking more evolved investment strategies. 'Going forward, we will be unveiling a separate brand identity, separate website and communication portal specifically for SIFs. Over the coming weeks and months, we will dedicate our efforts towards educating the target audience about these products,' the fund house further hinted.
Economic Times
25-04-2025
- Business
- Economic Times
Sensex up 8,000 points from April's low. Should you reconsider your SIP strategy?
Indian stock market is performing well. BSE Sensex is up. Market experts suggest investors should continue their SIP and STP investments. With the benchmark index - BSE Sensex - up 8,000 points from its April low level and reaching at the level of 79,801 on Thursday, a market expert recommends that SIPs and STPs should continue without interruption as they are good channels to negotiate market swings.'This is not the kind of time to rush and book profits, because it is a recovery rather than a structural rally. The tide is likely to turn again, and it may become volatile this year further too. Investors should not stop it at this time but hold the plan on which they make investments,' advised Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance. Also Read | NFO Insight: Motilal Oswal Infrastructure Fund opens. Time to add to your MF mix? While recommending the SIP strategy for FY26, an expert recommended that this is a good time to begin SIPs and one should consider categories that offer diversified exposure.'FY26 is a good time to begin SIPs. New investors can start with Multi-Asset, Flexi Cap, or Balanced Advantage Funds to get diversified exposure. Avoid starting with niche or high-risk segments like small caps initially,' recommends Sagar Shinde, VP of Research at Fisdom. RBI announced a rate cut of 25 basis points in its bi-monthly policy on April 9 and Sensex crossed the level of 80,000 on April 23. Post the rate cut and the benchmark index reaching this level, Minocha recommends that portfolio rebalancing should adhere to the original asset allocation model rather than conflicts set up immediately by high short-term market premiums. If equities have performed way ahead of other assets and your asset allocation has drifted away from what your original asset allocation was then it may require an upward shift in some gains into debt to keep a fair level of balance is what Minocha further the current month, on April 7 the benchmark index was at the level of 73,137, the lowest in the current month so far. The BSE Sensex touched 80,000 levels on Wednesday and closed at 80,116.49 level extending its winning streak to a seventh index - BSE Sensex - touched its all-time high level on September 27, 2024. It touched a level of 85, the last five months, Sensex has gained 1.26% and 0.04% in the last six months. In the current calendar year so far, the benchmark index has gone up by 2.53% and by 4.17% and 4.69% in the last one and three months, respectively. Also Read | Nifty Bank surges 10% in 1 month to hit 52-week high level. Time to shift focus towards banking sector? With the benchmark on surge since last month, the expert advises that there is no need for particular strategies to book profits for a mutual fund investment and the long-term goals should stay in equities, while short and medium-term answers should go for debt or hybrid funds. Of utmost importance, therefore, is aligning an investment with financial goals and time horizons, Minocha adds. In April so far, small cap funds have taken the lead and have offered the highest average return of around 4.67%, followed by 4.13% by mid cap funds and 4.01% by multicap funds. Large cap funds have offered the lowest average return of 3.56% in the same investors who are looking to make investments can keep on making SIPs in multi-cap and flexi-cap funds for a minimum period of five years amid the market at high levels, the expert advises.'SIPs and STPs are ways to average the costs and withstand volatility. What seems a market high might be a bargain in a few years. Keeping on investing with a reasonable expectation of returns of not more than 12% a year from long-term holding-is the best way forward,' Minocha should always invest based on their risk appetite, investment horizon, and goals. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
