CONTRA CALL
Smallcap mutual funds are best performing funds with up to 16% return since last Diwali. Will it last?
Small cap mutual funds have proven to be the top performers in the market, offering impressive returns as high as 16%. The Bank of India Small Cap Fund took the lead with a notable return of 15.51%. However, investment experts emphasize a cautious approach to valuations, despite an optimistic long-term outlook for small caps.
Trent’s Rs 1.80 lakh crore rout from peak: Has Q2 just flipped the script for Tata group’s retail crown jewel?
In Q2FY27, Trent demonstrated impressive financial performance, achieving a remarkable 23% increase in revenue compared to the previous year. This achievement is particularly noteworthy given the challenges other retailers faced during the festive period. With continued expansion in store locations for both Zudio and Westside, analysts are split on future prospects, balancing optimism for recovery against caution as the market awaits consistent revenue growth.
NFO Insight : ICICI Prudential Contra Fund opens for subscription. Is contra investing suited for current market conditions?
ICICI Prudential Mutual Fund launched its new Contra Fund, open for subscription until October 12. The scheme follows a contrarian strategy, investing in out-of-favour companies with turnaround potential. Experts stress research, patience and a long-term horizon, while cautioning that contra funds can underperform for extended periods as market sentiment shifts.
NFO Update: ICICI Prudential Mutual Fund announces launch of contra fund
ICICI Prudential Mutual Fund launched a contra fund focused on research-driven, non-consensus opportunities in underperforming assets. The NFO closes October 12, with minimum investment of Rs 1,000. The open-ended equity scheme targets long-term investors and can invest across market capitalisations, alongside limited exposure to debt, commodities and InvITs.
Gorilla investing and 34% return: How Mihir Vora made Trust Smallcap Fund top performer
Trust Smallcap Fund has emerged as the best performing fund in its category over the past year, delivering a 34% return as investors reassess the potential of India’s broader market.
“You can either remain rational or outperform”: DSP CIO Anish Tawakley explains his contrarian approach to stocks, bonds and market irrationality
Anish Tawakley took over as Chief Investment Officer (CIO) at DSP Asset Managers in April after a successful stint as co-CIO at ICICI Prudential AMC. With his contrarian credentials fitting well with DSP’s investment approach, Tawakley discusses with Sanket Dhanorkar his plans to refine processes, lessons from the past, style diversity, and his outlook on equity and bond markets.
Our focus is on dhandha and not on the share price: Saurabh Mukherjea
“There are three sectors where I am seeing very elevated levels of board room aggression – lenders, IT services and specialty chemicals. Over the next one to two years, our contra call is the whole gamut of quality financials giving good returns over the next couple of years.”
What are contra mutual fund schemes?
The portfolios of contra funds have defensive and beaten down stocks that have given negative returns during bear markets.
Taher Badshah on how a contra investor can make money in a crowded trade
We are not significantly banking on dramatic change in earnings trajectory, says Taher Badshah.
Bharat Forge still a good buy at present levels: Prakash Diwan
"It is a great buy at these levels but it is a contra call people might not agree with me"
Make a contra call on ITC: Hemendra Hazari
From a slightly longer-time period, this would be a stock where exposure can be made given the negativity surrounding the stock at present.
NTPC, Tata Power, Reliance Power and Adani are top stocks in power sector for Budget: Ambareesh Baliga
It is very clear that going ahead unless they give sops, I do not think India can grow at that 9-10% which Modi has been talking about.
Value investing works best for investors with 3-5 years’ time horizon: Nimesh Shah, ICICI Pru AMC
"We are running one of the biggest value funds in the country. I feel that over a period of time, this concept is set to grow."
Contra Call: Not all analysts have ONGC on their ‘buy’ list
Analysts at Citigroup have downgraded the stock to ‘neutral’ from ‘buy’, citing large gains which have already been priced in for the next one year.
Bullish on Bhart Airtel: Gautam Chhaocharia, UBS
The investor appetite for telecos is actually quite low right now. So, in a way it is a slightly contra call for us.
Bullish on pharma, auto: Jyotivardhan Jaipuria, BofAML Capital
Pharma has been one of our biggest allocations. However, for the next six-nine months, autos and the banks are where there is money to be made and where we could get a surprise. These are two sectors we have been quite bullish on.
Buy Bata India; look for a bounce back to 655 level: Mitesh Thacker
Bata India is a buy today, again a contra call given the fact that the stock has corrected significantly.
Sell HDFC with target of 620: Mitesh Thacker
There is a sell on HDFC which is a contra call. 620 is the price target on downside and 657 is the stop loss level.
Sensex to touch 24000 sometime during the year: Raamdeo Agrawal
Raamdeo Agrawal, Jt. MD, Motilal Oswal Fin Serv, talks about contra investing and his contra calls.
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