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The fund house, the seventh largest in the 43-member strong mutual fund industry, has fallen out of investors' favour of late on account of weak performances by its equity schemes and changes in the core team including key fund managers.
Naveen KR expects robust stock market performance in FY25 if election outcome aligns with public opinion. He is bullish on gold and PSU stocks, skeptical about market return moderation despite high valuations and strong earnings growth. He believes that the business fundamentals for mid and small cap companies are pretty strong.
Ashish Naik from Axis Mutual Fund foresees inflows into small and midcaps, driven by notable earnings upgrades and increased investor appetite. Sebi's regulatory concerns impacted smallcap funds, leading to outflows. Market dynamics affected by electoral outcomes and global valuations.
The scheme will allocate 65-100% in equity and equity related instruments (of not exceeding 30 companies), 0-30% in debt and money market instruments, 0-10% in units issued by REITs & InvITs.
V Mac's promoters, along with others, have been asked to hand over