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The Sensex itself has ended in the positive zone 8 out of 10 times while auto, capital goods, IT and consumer goods have also ended in the green zone on 8 occasions.
Saurabh Mukherjea of Marcellus Investment Managers, expresses concerns about the broader PSU capex theme in India. He believes that the government's heavy spending on sectors such as roads, defence, and power is not supported by underlying tax collections. Mukherjea also discusses the potential performance of HDFC Bank and highlights the worries surrounding the PSU capex recovery. He mentions that the implosion in China could benefit India's economy, and expresses optimism about the Indian IT services industry.
Consistent Compounders is the flagship portfolio that invests primarily in largecap stocks that have high cashflow. Little Champs portfolio invests primarily in smallcap stocks.
So in the case of lenders, my reckoning is AI will help them do more with less expenditure on head count, allow them to provide better services, better credit underwriting at lower expenditure and I think therefore, for lenders in our country, it is a positive.
Explore Now NEW DELHI: Smallcap- and multicap-oriented PMS (portfolio management service) funds, an investment tool of rich investors, outperformed in April and delivered up to 14 per cent returns to clients. Top guns of the PMS industry also delivered handsome returns for the month. Domestic equity benchmark Sensex fell 1.5 per cent for the month, while Nifty shed 0.4 per cent. Kotak AMC Pharma Fund finished as the top performer of the month, returning 13.39 per cent, according to data provided by PMSBazaar. Sun Pharma, Dr Reddy’s Labs, Cipla, Cadila Healthcare and Aurobindo Pharma were ...