Nifty 17401.65 (1.37%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.39%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

Best Mutual Funds for SIP in 2021 | 5paisa Mutual Fund Research

by 5paisa Research Team 11/10/2021

In recent times, people have moved beyond fixed deposits and insurance policies to look for better ways to invest and grow their money. While old savings schemes offer secure and stable ways to keep money, they often do not provide high growth or interest rates to satisfy all. Mutual funds are an excellent way to grow your money in a short period of time.

If you are someone who is recently discovering mutual funds and SIPs, you must read a lot to understand which funds are the best currently. While some investors risk their money by their gut feeling, some prefer to do extensive research before starting their investment journey.

For the unversed, mutual funds are professional investment funds that pool money from several investors and purchase securities. This system is managed by experts and they try to minimize risks and maximize profits for everyone who has put money in.

What is SIP (Systematic Investment Plan)?

A Systematic Investment Plan or SIP is a facility by mutual funds in which investors can put money in an organized manner. In an SIP, you can invest a fixed amount of money at regular intervals in your selected mutual fund scheme. The investment interval can be predecided before making the SIP.

Best Mutual Funds for SIP in 2021

Since there are so many investment funds and options in the market, beginners often get confused about which mutual funds to invest in, and specifically which mutual fund is best for SIP. This is why we bring a list of the best mutual funds for SIP that you can trust in 2021.

BOI AXA Mid & Small Cap Equity & Debt Fund

This is a hybrid SIP that has seen 78.26% three-year returns and 15.62% in one-year returns. BOI AXA Mid & Small Cap Equity & Debt Fund has an 80.91% investment in Indian stocks presently. Of that, the fund has 13.67% investment in debt, where 1.97% is in government securities and 11.7% has funds invested in securities with very low risk.

This aggressive mutual fund scheme has no lock-in period and has an expense ratio of 1.9%, which is higher than most other aggressive hybrid funds. It last doubled investment in one year and three months, which means it is a great SIP to invest in.

ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund is one of the most stable and consistent performers when it comes to mutual fund SIPs. It is a large-cap fund that has given around 32% returns in 2017 and 9% returns in 2019. 

If you do not see immediate growth with this investment, do not fear. This bluechip fund is aimed at long-term growth in equity schemes. Keep investing and see your finances improve steadily.

PGIM India Flexi Cap Fund

This flexi cap fund has seen three-year returns of 68.98% and a one-year return of 23.47%. It aims to reduce the volatility of market conditions and adapt itself to provide maximum security to its investors. Basically, PGIM India Flexi Cap Fund SIP dynamically allocates portfolios across market caps to generate risk-adjusted returns.

It is ideal for investors who want to keep their money invested for at least three to four years without worrying too much about minor losses. At the end of this period, you will get high returns. This fund has 92.67% in Indian stocks, of which 46.02% is in large-cap stocks. 

Axis Bluechip Fund

Axis Bluechip Fund is another long term capital investment SIP with a good track record of returns. It has seen 51.1% returns in the last three years and 22.6% in one year. It archives long term appreciation by investing in a diversified portfolio that consists mostly of equity and equity-related securities.

This large-cap fund provides growth that can beat inflation in a few years and is extremely suitable for people looking to invest for more than five years, ideally between 10 to 15 years. The longer you invest, the higher returns you can expect from this fund. Although Axis Bluechip has moderately high risks, it has a great long term return record. 

Parag Parikh Flexi Cap Fund

This flexi cap fund is a direct-growth mutual fund scheme from PPFAS Mutual Fund. It was initiated in 2013 and has since served steady returns to its investors. Currently, Parag Parikh Flexi Cap Fund has over 14,590 crore rupees worth of assets and is a small fund. Its expense ratio is 0.87% and its last one-year returns rate is 59%. 

This fund is known for delivering consistent results and doubling the invested money in less than two years. It also has the ability to control losses above averagely during bad phases in the market. Most of its funds are invested in technology, finance, automobiles, and FMCG sectors.

If you invest in this SIP, you can expect returns without major ups and downs and also choose to withdraw your money in lesser time as compared to other SIPs.

Conclusion

Mutual fund SIPs are a great way to start your investment journey and get some constructive knowledge about the market. Before taking big judgement calls and higher risks, it is advisable that you invest in these reliable mutual funds for SIP to ensure higher returns and lower risk factors over time.

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Chart Busters:Top trading set-ups to watch out for on Tuesday.

Chart Busters: Top trading set-ups to watch out for on Tuesday.
by 5paisa Research Team 12/10/2021

On the first trading session of the week, the benchmark index Nifty has marked a fresh all-time high of 18041.95 level. However, the index has cooled off from the day's high and ended the session at a 17945.95 level with a gain of 50.75 points or 0.28%. The broader market has outperformed the benchmark indices. The advance-decline ratio was in the favour of advancers.

Here are the top trading set-ups to watch out for on Tuesday.

Minda Corporation: After registering the high of Rs 148.10, the stock has witnessed correction. The correction is halted near the 61.8% Fibonacci retracement level of its prior upward move and it coincides with the 200-week EMA level. These averages are in a rising trajectory. Since the last 45 trading sessions, the stock is oscillating in a narrow range, which resulted in the formation of ascending triangle pattern. On Monday, the stock has given a breakout of ascending triangle pattern on the daily chart. This breakout was backed by strong volume.

All the moving averages based on trade set-ups are showing a bullish strength in the stock. Daryl Guppy’s multiple moving averages is suggesting a bullish strength in the stock. The stock is trading above all the 12 short and long term moving averages. The averages are all trending up, and they are in a sequence. The leading indicator, 14-period daily RSI has surged above the 60 mark, which is a bullish sign. The weekly RSI has given positive crossover. On the daily timeframe, ADX is 10.35 and suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI.

Going ahead, as per the measure rule of ascending triangle pattern, the first target is placed at Rs 157, followed by Rs 163 level. On the downside, the 20-day EMA is likely to act as strong support for the stock.

Endurance Technologies: Considering the weekly scale, the stock is trading in a rising channel for the last 58 weeks. In the last three weeks, the stock has formed a strong base near the supply line of the rising channel (logarithmic scale). On Monday, the stock has given the base pattern breakout on the daily chart. This breakout was confirmed by the above 50-day average volume.

Talking about moving averages, the stock has recently surged above its short and long-term moving averages. These averages are in rising mode. The stock's Relative Strength Index (RSI) has reached its highest value in the last 14-days, which is bullish. Also, it has managed to close above the 60 mark and above its prior swing high. The daily MACD stays bullish as it is trading above its zero line and signal line. Moreover, the +DI has surged above the ADX on the daily chart which suggests that the trend will strengthen further.

Going ahead, the prior swing high of Rs 1750, followed by Rs 1830 is likely to act as resistance for the stock. While on the downside, the zone of Rs 1574-Rs 1550 will act as crucial support for the stock as it is the confluence of 100-day EMA, demand line of the rising channel and prior swing low.

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Opening Bell: Here’s what you need to know before the market opens on October 12, 2021.

Opening Bell: Here’s what you need to know before the market opens on October 12, 2021.
by 5paisa Research Team 12/10/2021

SGX Nifty indicates markets to open in red, but the big question should you ‘buy the dip’?

The Indian stock market is scaling new trading peaks every session, and Monday was no different as benchmark indices Sensex and Nifty closed at record highs. While Nifty breached the 18000 mark on an intraday basis, Sensex was hovering above the 60000 level at the closing bell.

In the last trading session, the Nifty index logged its highest daily closing, while the broader markets cheered as they outperformed the frontline indices. As a result, market participants would be expecting the bulls to continue their northward journey for the third straight day! However, as per the early indication, Nifty is likely to waver in early morning action as SGX Nifty is down by 86 points and was seen trading at 17,875 levels. The blame of changing sentiment on D-Street is due to melancholy cues from the global markets. However, the million-dollar question is should one buy this dip or not? We believe as long as the index trades above its crucial support of 17,830-17,840 one can buy the dip. 

Cues from Asian markets: The Asian markets were seen trading in red on Tuesday amid disappointing cues from Wall Street in overnight trade. Hong Kong’s Hang Seng was down by 0.97% followed by Japan’s Nikkei 225 which has slipped 0.79% and China’s Shanghai Composite that dropped by 0.52%.

Overnight cues from US markets: All the three major US stocks indices ended Monday's trading session in negative terrain and near to their worst level of the day. The Dow and the S&P lost nearly 0.7%, while the tech-heavy Nasdaq dropped 0.6%. Interestingly, the US 10-year bond yield went past 1.6%, which is the highest level since June.

Last session summary: On Monday, Indian benchmark indices started off the session on a tepid note, however, soon bulls gathered momentum and they not only recouped entire losses but went on to score in a big way. Nifty for the first time crossed its important psychological level of 18,000 and touched a high of 18,041.95. However, in the latter part of the trading session profit booking emerged, and as a result, Nifty trimmed its gains and settled up by 0.28%. The broader markets outperformed with Nifty Midcap 100 and Smallcap 100 rising by 0.61% and 1.16%, respectively.

Among sectoral indices, barring Nifty IT all other sectoral indices witnessed buying interest. Auto was the top gainer.

FII’s and DII’s activity on Monday: FIIs and DIIs were net sellers to the tune of Rs 1,303.22 crore and Rs 373.28 crore, respectively.

Important events to watch out for the day: On the earning front, GM Breweries and BEPL will be in focus. Also, market participants would keenly watch the release of the September CPI Inflation and August industrial output data.

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These Penny Stocks were locked in the Upper Circuit on Monday.

These Penny Stocks were locked in the Upper Circuit on Monday.
by 5paisa Research Team 12/10/2021

The frontline indices traded at all-time highs while Nifty 50 traded above 18000 levels for the first time. It took only 28 days for Nifty to jump from 17000 levels to 18000 level. The BSE Sensex managed to close above the crucial 60000 level in Monday's trading session even as the broader markets outperformed the frontline indices.

BSE Smallcap index was up by 0.60% while the BSE Midcap index gained by 0.55%.

The Auto stocks posted a stellar performance on Monday. Maruti was the top BSE Sensex gainer, up by 3.66% while Tata Motors zoomed by more than 9%. M&M gained by more than 2% while Bajaj Auto was up by 0.97%.

TCS, Infosys and HCL Technology were the top BSE Sensex losers in Monday's trading session.

BSE Auto index was up by 2.50%. BSE Power index gained 2.63%, BSE Realty index was up by 1.70%, BSE Metal index surged by 1.77% while BSE Bankex soared by 1.47%.

Nifty closed in green although it lost more than half of its intraday gains. This is now the third consecutive session where Nifty has closed in green. PSU stocks were seen outperforming on Monday. It is now expected that Nifty consolidates at these levels before moving up. The advance-decline ratio was in favour of the advances.

Several penny stocks were seen locked in the upper circuit even as the frontline indices made all-time highs on Monday.

Following is the list of Penny Stocks that were locked in the upper circuit on Monday: 

This is the table code -

Sr No   

Penny Stocks   

LTP   

Price Gain (%)  

1  

Urja Global   

8  

9.59  

2  

Orient Green Power   

4.5  

9.76  

3  

Suzlon Energy   

7.65  

4.79  

4  

SITI Networks   

2.5  

4.17  

5  

JP Associates   

9.9  

4.76  

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Rakesh Jhunjhunwala’s Akasa Air all set to take off. All you want to know

by 5paisa Research Team 12/10/2021

Stock market big bull Rakesh Jhunjhunwala, who recently had a private meeting with Prime Minister Narendra Modi, is set to fly high—literally. 

Akasa Air, an upcoming airline in which Jhunjhunwala is one of the principal shareholders, has received the no-objection-certificate (NOC) from the civil aviation ministry, which is headed by Jyotiraditya Scindia. 

The new airline comes at a time when the travel and tourism sector has just started recovering after a prolonged slowdown due to restrictions imposed to curb the spread of the Covid-19 pandemic.

Here’s all you need to know about the new airline.

Who will operate Akasa Air?

Akasa Air will be owned and operated by SNV Aviation Pvt Ltd. 

By when will the airline take to the skies?

The company said Monday that it will be operational by the summer of 2022. It said it is working with the regulatory authorities on all additional compliances required to successfully launch Akasa Air.

Who are the investors behind Akasa Air?

Apart from Jhunjhunwala, Akasa Air is also reportedly backed by former IndiGo president Aditya Ghosh as well as former Jet Airways chief executive officer Vinay Dube.

IndiGo is the country’s biggest airline at present. Jet Airways was promoted by businessman Naresh Goyal but was grounded in April 2019 because of high debt. It is all but defunct as plans to revive it have not fructified till now. 

News reports have said that Jet Airways could restart operations next year under a consortium comprising the UAE-based investor Murari Lal Jalan and the UK-based Kalrock Capital.

What business model is Akasa Air likely to follow?

Akasa Air will likely be an ultra-low-cost carrier (ULCC). A ULCC airline operates with a low-cost business model and has both lower unit costs and revenue compared to low-cost carriers (LCCs) and full-service carriers (FSCs).

According to a report by the Mint newspaper, ULCCs such as Ryanair and Spirit Airlines represent a business model that is different from the LCC model followed by IndiGo.

ULCCs often opt for unbundling of fares, making tickets cheaper than those of LCCs. Any extras such as baggage, selecting one’s seat or food are subject to a charge, Mint said. These airlines also typically have cheaper operating costs as they operate out of secondary airports and have lower distribution costs.

India’s aviation sector is currently dominated by low-carrier IndiGo, which is operated by Mumbai-listed InterGlobe Aviation Ltd. Other local airlines in India include SpiceJet, GoFirst and Tata Group-run Air Asia India as well as Vistara. Tata Group is also taking over state-run Air India.

How well is the ULCC model likely to succeed?

That depends on the cost structure, which in India, is higher than that in the US or Europe. This could negate any advantage the ULCC might have been able to generate over the LCCs or even full-service carriers. 

How big could Akasa Air’s fleet size be?

A report in the news website The Print said that Akasa Air could have a fleet size of 70 aircraft in four years, comprising Boeing 737 Max jets. This, the report said, could give Boeing a foothold in the Indian market, which is currently dominated by rival Airbus. 

An order for 70 units of 737 Max-8 jets — the most popular model — would be valued at $8.5 billion at sticker prices, although discounts are common in large plane orders. Boeing is likely to offer steeper-than-usual discounts on this deal, The Print reported.

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Worst performing Largecap funds.

Worst performing Largecap funds.
by 5paisa Research Team 12/10/2021

Read on to find if you hold these worst performing large-cap funds in your portfolio. 

We are in the midst of one of the best bull market run ever seen. Every equity indices barring few have more than doubled in last one and half year. Frontline equity indices, Sensex and Nifty are above the psychological level of 60,000 and 18,000. Despite such optimism in the direct equity market, there has been some dampening news coming from the equity dedicated mutual funds.

According to its half-yearly report, S&P Indices Versus Active (SPIVA) 86% of large-cap equity schemes of mutual funds underperformed the indices during the one year to June 2021. As of date, the large-cap funds on average have generated a return of 52.07% compared to 53.13% by large-cap indices such S&P BSE 100 – TRI and NIFTY 50 – TRI.

We have listed out the worst-performing large-cap (Regular Plan) dedicated funds.

The following table shows the worst-performing large-cap funds in the last one year.
 

This is the table code -

Funds  

Fund Manager  

AUM(in Rs. cr)  

ExpenseRatio (%)  

Inception Date  

Benchmark Index  

 NAV (Rs)  

Return (%)1 yr  

JM Large Cap Fund(G)  

Satish Ramanathan  

50.4  

2.43  

01-Apr-95  

S&P BSE SENSEX - TRI  

99.12  

38.09  

Taurus Largecap Equity Fund-Reg(G)  

Ankit Tikmany  

33.8  

2.61  

28-Feb-95  

S&P BSE 100 - TRI  

105.2  

39.91  

Indiabulls Blue Chip Fund(G)  

Sumit Bhatnagar  

106.2  

2.43  

10-Feb-12  

NIFTY 50 - TRI  

29.38  

41.78  

IDFC Large Cap Fund-Reg(G)  

Sumit Agrawal  

897.5  

2.36  

09-Jun-06  

S&P BSE 100 - TRI  

50.28  

44.19  

DSP Top 100 Equity Fund-Reg(G)  

Vinit Sambre  

2982.5  

2.06  

10-Mar-03  

S&P BSE 100 - TRI  

301.99  

45.7  

HSBC Large Cap Equity Fund(G)  

Neelotpal Sahai  

796.8  

2.4  

10-Dec-02  

NIFTY 50 - TRI  

321.84  

47.35  

BNP Paribas Large Cap Fund(G)  

Karthikraj Lakshmanan  

1211.7  

2.26  

23-Sep-04  

NIFTY 50 - TRI  

142.05  

47.67  

PGIM India Large Cap Fund(G)  

Alok Agarwal  

354.3  

2.46  

30-Jan-03  

NIFTY 50 - TRI  

256.42  

47.79  

Axis Bluechip Fund-Reg(G)  

Shreyash Devalkar  

32212.6  

1.58  

05-Jan-10  

NIFTY 50 - TRI  

47.28  

47.89  

L&T India Large Cap Fund-Reg(G)  

Venugopal Manghat  

731.7  

2.47  

23-Oct-07  

S&P BSE 100 - TRI  

41.62  

48.54  

The above table shows some of the funds that performed well two years back, are now the laggard. Axis Bluechip Fund, which always topped the chart in terms of performance and has an AUM of more than Rs 32,000 crore has also underperformed its benchmark by almost 5%. This is despite the fund having one of the lowest expense ratios.

This is the right time for investors to go back and check their asset allocation and investigate more about the funds where they have invested. If they find their funds are permanently underperforming, they should make a switch.

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