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PMS Tracker: Nirmal Bang, Purnartha Investment, Valcreate post gains of up to 11% in February
Portfolio management strategies delivered mixed returns in February, with a few quantitative and multicap portfolios outperforming while several small cap strategies declined. Nirmal Bang Securities’ multi cap strategy led the performance chart with an 11.21% gain, followed by Purnartha Investment Advisers and Valcreate Investment Managers.
Market View | 8–10% correction likely from here, says Ambit’s Dhiraj Agarwal
Ambit Investment Managers’ Managing Director Dhiraj Agarwal says emerging markets are in a risk-off phase due to Middle East tensions, a stronger dollar and rising crude prices. India, highly dependent on oil imports, is particularly vulnerable. He sees a very high probability of a 10% market correction, with a deeper 15–20% fall possible if crude stays elevated. Agarwal remains cautious on IT due to AI disruption and expects consumer staples to face long-term valuation derating.
Sedemac Mechatronics IPO: Analysts cautious on valuations as issue opens today
Ahead of the issue opening, Sedemac Mechatronics raised ₹325.88 crore from anchor investors. Participants in the anchor book included Goldman Sachs, Abu Dhabi Investment Authority, 3P Investment Managers, WhiteOak Capital and Pinebridge Global Funds.
NHAI-backed Raajmarg Infra Investment Trust's IPO to open on Mar 11
State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is gearing up to launch its Rs 6,000 crore Initial Public Offering (IPO). The InvIT's maiden public offering will open on March 11 and conclude on March 13, while the bidding for anchor investors will take place on March 10, according to a public announcement on Monday. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors. As per the Red Herring Prospectus (RHP), Raajmarg Infra Investment Trust's IPO issue size aggregates up to Rs 6,000 crore. This was an increase from Rs 5,700 crore planned at the time of filing draft papers in January. Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment mana
Watch | Buy the dip, says Emkay’s Manish Sonthalia; PSU banks, autos & metals in focus
Manish Sonthalia, CIO of Emkay Investment Managers, says geopolitical dips are buying opportunities, as markets typically recover within 6–9 months. He is deploying fresh flows into autos, financials, pharma, consumer durables, power transmission and select defence. He favours PSU banks over private lenders on valuations and sees AI driving demand for critical minerals, metals and energy. IT remains underweight while India could attract inflows as stability returns.
Indian IT stocks a strong buy after correction, says ASK Investment CIO
George Joseph, CIO & CEO- Equity at ASK Investment Managers advises investors to focus on large-cap and micro-cap stocks, suggesting that mid and small-cap segments are not the right place to be currently.
Sowilo’s Sandip Agarwal on AI fears after Citrini’s 'The 2028 Global Intelligence Crisis' viral report
Caprini's viral 'The 2028 Global Intelligence Report'warning about economic disruption contributed to market volatility, but Sowilo Investment Managers’ Sandip Agarwal said the reaction may be driven by fear rather than fundamentals.
Underweight on IT, but positive on these mid-size firms: Quest Investment CIO
Rakesh Vyas, CIO and Portfolio Manager at Quest Investment Managers, prefers product companies and mid-size IT firms such as Oracle Financial Services and Persistent Systems, expecting stronger growth in this segment than in large-cap IT, even as he maintains an overall underweight stance on the sector.
Fund managers raise largecap exposure, stay cautious on sector bets: Morningstar
Himanshu Srivastava, Principal–Research at Morningstar Investment Research India, said a key trend is that fund managers are refraining from making aggressive sectoral calls. Rather than taking sharp overweight positions in cyclical or high-risk segments, they are maintaining allocations largely in line with their benchmarks.
MC Exclusive: AI's Cyclical Winners Won't Last Forever. India's Growth Story Will: Prashant Jain
The 3P Investment Managers founder says the oil scare was always temporary, domestic ownership has made Indian markets structurally stronger, and large-cap stocks—especially banks—remain undervalued despite the recent rally.
The tide is turning: 3P's Prashant Jain says India's BoP woes are over
3P Investment Managers expects the balance of payments to swing into surplus in FY27 and sees Indian equities delivering 14-15% annual returns over the next three years.