INSUBCONTINENT EXCLUSIVE:
from some of the second-rung stocks
The BSE Midcap and Smallcap indices advanced 3.30 per cent and 7.07 per cent last month, while the benchmark Sensex dipped 1.29 per cent.
At
least eight PMS strategies delivered double-digit returns last month, with Capgrow Capital Advisors Special Situations scheme rallying the
We also play with distressed securities where there is deep value
Brookfield taking over Indostar Capital Finance, the buyback story in Fortis Healthcare and demerger of IIFL Finance rewarded us handsomely
Malhotra said Indostar was quoting at 0.5 times book value with a quality book, except for two non-performing assets
rallied 16 per cent and 20 per cent, respectively, in January.
BCCL - Non CopyrightPrivate equity and real estate investor Everstone Group
on January 31 announced an agreement whereby Brookfield Business Partners, together with its institutional partners, is to invest Rs 1,450
crore in IndoStar Capital Finance.
Returns delivered by special situations does not look like sheer luck
Emerging India delivered 11.80 per cent last month
Whirlpool of India, DCB Bank, VIP Industries, Relaxo Footwears, Dr Lal Pathlabs, Aarti Industries, IPCA Lab and Cholamandalam Investment
were among the top holdings of the strategy as of December 31
The scheme had more than 10 per cent exposure each to consumer durables, banking and chemicals sectors.
Varun Goel, Head Equity, Nippon
Anand Rathi Advisors IMPRESS PMS advanced 10-12 per cent last month.
PMSes cater to wealthy investors with portfolio sizes exceeding Rs 50
avoiding midcaps and smallcaps altogether in recent times, as he does not expect the economy to fire in the foreseeable future.
In his
recent interaction with ETMarkets.com before the Union Budget, he said there would not be any rally in midcaps and smallcaps until
industrial growth hits 8 per cent, at the least
They would expect them to do go up, but markets do not do what people expect them to do
PMS Blue Chip, Sanctum Wealth Indian Olympians and Trivantage Capital Management's strategies including FIRST, SUPER SIX and Resurgent
