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There are many stocks that investors could buy today, even though the markets are trading at record highs. Some of these are still undervalued according to research analysts. Here are 2 stocks that maybe good from a long term perspective to
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Investment
oi-Vipul Das
The private sector lender Bandhan Bank has recently revised interest rates on savings accounts which are in force from June 7, 2021. Based on the daily balance limit, the bank is now offering savings account interest rates ranging from 3% to 6% after the most recent adjustment. As per the Bandhan Bank’s official website, the private lender is giving a 3% savings account interest rate on a daily balance of up to Rs 1 lakh. The bank is giving 4% savings account interest on a daily balance ranging from Rs 1 lakh to Rs 10 lakh. Bandhan Bank is providing customers with a 6% interest on a daily balance of over Rs 10 lakh. Check the revised interest rates on the savings account of Bandhan Bank here.
Check the monthly average limit on different savings accounts of Bandhan Bank below:
| Savings Account Type | Monthly Average Balance |
|---|---|
| Neo+ Digital Savings Account | Rs 5,000 |
| Elite Savings Account | Rs 5 lakhs |
| Premium Savings Account | Rs 1 lakh |
| Advantage Savings Account | Rs 25,000 |
| Standard Savings Account | Rs 5,000 |
| Special Savings Account | Rs 5,000 |
| Sanchay Savings Account | Rs 2,000 |
With effect from June 7, 2021, Bandhan Bank revises interest rates on its savings accounts, check new rates below:
| Daily Balance | Interest Rates In % |
|---|---|
| Daily Balance up to Rs 1 lakh | 3.00% |
| b. Daily Balance above Rs 1 lakh to Rs 10 lakh | 4.00% |
| c. Daily Balance above Rs 10 lakh to Rs 10 crore | 6.00% |
| Source: Bandhan Bank, W.e.f. June 7, 2021 |
Story first published: Thursday, June 10, 2021, 11:24 [IST]
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According to RBL Bank’s website, the private lender offers savings account interest rates ranging from 4.5 per cent to 6.25 per cent. RBL Bank savings account interest rate is 4.5 per cent for daily balance up to Rs 1 lakh, 6% for daily balance between Rs 1 lakh and Rs 10 lakh, and 6.25 per cent for daily balance above Rs 10 lakh.
| Daily Balance | Interest Rates In % |
|---|---|
| Up to Rs. 1 lakh | 4.50% |
| Above Rs. 1 lakh up to Rs. 10 lakh | 6.00% |
| Above Rs. 10 lakh and up to Rs. 3 Crore | 6.25% |
| Above Rs. 3 Crore up to Rs. 5 Crore | 6.25% |
| Source: RBL Bank, W.e.f. May 7, 2021 |
Bandhan Bank offers savings accounts with interest rates ranging from 3% to 6%, based on the regular balance The private lender Bandhan Bank is giving a 3% savings account interest rate on a daily balance of up to Rs 1 lakh. On a daily balance of Rs 1 lakh to Rs 10 lakh, the private lender is giving a 4% savings account interest rate. Bandhan Bank is providing customers with a 6% interest on a daily balance of over Rs 10 lakh.
| Daily Balance | Interest Rates In % |
|---|---|
| Daily Balance up to Rs 1 lakh | 3.00% |
| b. Daily Balance above Rs 1 lakh to Rs 10 lakh | 4.00% |
| c. Daily Balance above Rs 10 lakh to Rs 10 crore | 6.00% |
| Source: Bandhan Bank, W.e.f. June 7, 2021 |
This private lender offers savings account interest rates ranging from 4% to 5.5 per cent. On a daily balance of up to Rs 1 lakh, the private lender bank is giving a 4% interest rate. The private lender is giving a 4.75 per cent annual interest rate on a daily balance of more than Rs 1 lakh but less than Rs 10 lakh, and a 5.5 per cent annual interest rate on a daily balance of less than Rs 100 crore.
| Daily Balance | Interest Rates In % |
|---|---|
| Up to 1 lakh | 4% p.a |
| From 1 lakh to less than 10 lakhs | 4.75% p.a |
| From 10 lakhs to less than 100 Crore | 5.5% p.a |
| Source: Yes Bank: W.e.f. December 8, 2020 |
According to IndusInd Bank’s official website, the private sector lender offers savings account interest rates ranging from 4% to 5.5 per cent. On a daily balance of up to Rs 1 lakh, the private lender bank is giving a 4% savings account interest rate. The private lender is giving a 5% annual interest rate on a daily balance over Rs 1 lakh up to and including Rs 10 lakh, while the savings account interest rate is 5.5 per cent for a daily balance over Rs 10 lakh.
| Daily Balance | Interest Rates In % |
|---|---|
| Daily balance up to Rs. 1 Lakh | 4.00% |
| Daily balance above Rs. 1 Lakh & up to (& including) Rs. 10 Lakhs | 5.00% |
| Daily balance above Rs.10 Lakhs | 5.50% |
| Source: IndusInd Bank, W.e.f. April 26,2021 |
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The long-term goal of SBI Equity Mutual Funds is to maximize capital appreciation. They primarily invest in equities and equity-related securities that have the potential to generate high returns. Due to the inherent volatility of equities investing, the risk quotient of these SBI Mutual Funds ranges from moderate to high. In general, investing in equity funds is preferable if you have a long-term aim (say, five years or more). It will also provide much-needed time for the fund to deal with market swings. These funds can be used as retirement funds, child education, capital appreciation, etc,.
The main concern of investors who are hesitant to acquire stock funds at market highs is that prices will likely decline once the markets have peaked. The Nifty is at all-time highs, and investing in an equities mutual fund is a risky proposition.
SBI Technology Opportunities Fund invests in a diverse portfolio of equity and equity-related instruments in technology and technology-related companies with the goal of providing long-term financial appreciation to investors. The 1-year returns on SBI Technology Opportunities Fund Direct-Growth are 82.96 percent. It has returned an average of 22.78 percent per year since its inception. The top 5 holdings in the fund are in Infosys Ltd., HCL Technologies Ltd., Tata Consultancy Services Ltd., Alphabet Inc Class A, Bharti Airtel Ltd.
SBI Technology Opportunities Fund’s NAV as of June 8, 2021, is 129.5.
SBI Technology Opportunities Fund has a total AUM of 665 crores. The direct plan of SBI Technology Opportunities Fund has an expense ratio of 1.37 percent.
SBI Healthcare Opportunities Fund Direct Plan has a 1-year growth rate of 56.69 percent. It has generated an average yearly return of 18.24% since its inception. The top 5 holdings are in Sun Pharmaceutical Inds. Ltd., Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma Ltd., Cipla Ltd., Lupin Ltd. SBI Healthcare Opportunities Fund’s NAV as of June 9, 2021, is 247.51. The direct plan of SBI Healthcare Opportunities Fund has an expense ratio of 1.09 percent. SBI Healthcare Opportunities Fund has an AUM of 1,748 crores. The scheme aims to deliver long-term financial appreciation to investors by investing in a diverse portfolio of equities and equity-related instruments in the healthcare sector.
This fund has been around for 6 years and 3 months, having been established on February 11, 2015. SBI Banking & Financial Services Fund Direct-Growth has assets under management (AUM) of 2,401 Crores, making it a medium-sized fund in its category. The expense ratio is 0.91 percent, which is lower than most other Sectoral-Banking funds. The fund has the majority of its money invested in Financial sectors.
The 1-year returns on SBI Banking & Financial Services Fund Direct-Growth are 68.38 percent.
The 1-year returns for the SBI Small Cap Fund Direct-Growth are 93.47 percent. It has returned an average of 27.35 percent per year since its inception.
The ability of the SBI Small Cap Fund Direct-Growth scheme to provide consistent returns is comparable to that of most funds in its category. The fund has the maximum invested in Engineering, Chemicals, Cons Durable, Construction, Services sectors. The top 5 holdings are in Elgi Equipments Ltd., JK Cement Ltd, Carborundum Universal Ltd., Navin Fluorine International Ltd., Sheela Foam Ltd.
The fund’s expense ratio is 0.76 percent, which is lower than the expense ratios charged by most other Focused funds.
SBI Focused Equity Fund Direct Plan has a 1-year growth rate of 55.90 percent. It has had an average yearly return of 16.41% since its inception. The top 5 holdings are in HDFC Bank Ltd., Alphabet Inc Class A, Divi’s Laboratories Ltd., Procter & Gamble Hygiene & Health Care Ltd., Bharti Airtel Ltd. The majority of the money in the fund is invested in the financial, healthcare, fast-moving consumer goods, energy, and technology sectors. SBI Focused Equity Fund has an AUM of 14,767 crores.
SBI Equity Hybrid Fund Direct Plan-Growth has 38,141 Crores AUM, making it a medium-sized fund in its category. The fund’s expense ratio is 0.96 percent, which is comparable to the cost ratios charged by most other Aggressive Hybrid funds. The fund now has a 68.98 percent stock allocation and a 16.60 percent debt exposure.
SBI Equity Hybrid Fund Direct Plan has a 1-year growth rate of 41.41 percent. It has had an average yearly return of 15.82 percent since its inception. The top 5 holdings are in HDFC Bank Ltd., Divi’s Laboratories Ltd., Infosys Ltd., GOI, Bharti Airtel Ltd.
The cost ratio is the percentage of your investment that you pay a fund to manage your money each year. Because the expenditure ratio is charged on a monthly basis, a high expense ratio over time could cut into your returns significantly due to compounding. Mutual Funds are allowed to charge certain operating expenses for managing a mutual fund scheme as a percentage of the fund’s daily net assets under the SEBI (Mutual Funds) Regulations, 1996. These expenses include sales & marketing, administrative expenses, transaction costs, investment management fees, registrar fees, custodian fees, and audit fees. The ‘Total Expense Ratio’ (TER) refers to all of these expenditures associated with administering and operating a mutual fund scheme. Every investor should be aware of, monitor, assess, and consider expense ratios when making mutual fund investing decisions. It isn’t the only or even the most significant factor to consider when choosing a fund, but it should be taken into account.
6 Best SBI Equity Mutual Fund SIPs To Invest In 2021 For Capital Appreciation
| SBI Fund Name | 1-year Return | 3 years Return | Expense ratio |
| SBI Technology Opportunities Fund | 83.92% | 27.08% | 1.37% |
| SBI Healthcare Opportunities Fund | 56.69% | 27.82% | 1.09% |
| SBI Banking & Financial Services Fund | 68.38% | 15.54% | 0.91% |
| SBI Small Cap Fund | 93.47% | 20.13% | 0.87% |
| SBI Focused Equity Fund | 55.90% | 16.24% | 0.76% |
| SBI Equity Hybrid Fund | 41.41% | 13.90% | 0.96% |
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About 85% of the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will be in crypto-linked equities, according to a filing with the U.S. Securities and Exchange Commission. The rest of the portfolio will be in other trusts and funds that hold cryptocurrencies.
The SEC has delayed making a decision on the pileup of Bitcoin ETF applications, though odds of approval this year have faded after skeptical comments from new Chairman Gary Gensler last month. At least 12 issuers including Fidelity Investments, Grayscale Investments and WisdomTree Investments are currently pursuing a Bitcoin ETF, and the SEC has acknowledged at least six applications, according to Bloomberg Intelligence. That means it has a limited amount of time to either approve or reject the proposals.
Invesco is the latest issuer to get creative as the SEC hits pause. An application for the Volt Bitcoin Revolution ETF was filed this week, which would target companies exposed to Bitcoin. Meanwhile, the Bitwise Crypto Industry Innovators ETF (ticker BITQ), which tracks companies such as crypto miners and payment firms, launched in May.
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Engineers India is another stock that brokerage firm Motilal Oswal has recommended. The company reported its quarterly numbers only recently.
According to the brokerage order inflows stood at Rs 7 billion (v/s Rs 1.5b YoY). Order book stood Rs 80 billion, down 16% YoY (order book/revenue: 2.6 times). Revenue at the company for the quarter ending March 31, 2021 stood at Rs 11.2 billion, up 31% YoY and 31% above our estimate, with
the entire beat led by the Turnkey segment.
According to the Motilal Oswal report the dividend yield on the stock itself can work to near 7% in FY 2022. A good midcap stock to hold in the portfolio for long term investors. The stock is also available at a p/e of 11 times one year forward earnings.
Motherson Sumi Systems is one of the largest manufacturers of wiring harnesses for commercial vehicles. The company/group is one of the biggest rearview mirrors for passenger cars in the world. The company has a massive global presence and is the supplier to some of the top auto companies in the world.
Emkay Global has set a price target of Rs 325 on the stock as against the current market price of Rs 252,making it one of the better midcap stocks to buy.
The broking firm has factored robust revenue/EBITDA CAGRs of 14%/33% over FY21-24E, driven by expectations of a cyclical upturn in underlying Auto segments in domestic/ global markets and healthy order-book in SMR PBV.
“In addition, we expect return on equity to expand notably from 10% in FY21 to 29% in FY24E. The proposed restructuring exercise aligns interests of all stakeholders and creates a platform for future growth through both inorganic and organic routes. Reduced stake of Sumitomo Wiring Systems in MSS will allow to pursue acquisition opportunities more aggressively.
Retain Buy with target of Rs 325 (Rs 240 earlier) based on 24 times FY23 Estimated Earnings per Share (20 times earlier). We increase valuation multiple on improving growth prospects and revised P/E multiple is in-line with historical averages. Key downside risks are demand contraction in target markets, weak performance of larger clients, and adverse currency rates, among others,” the brokerage has said.
Shares of Motherson Sumi were trading at Rs 252 on the NSE.
Quess Corp is a staffing and managed outsourcing services company that caters to the needs across processes such as sales & marketing, customer care, after sales service, back office operations, manufacturing operations, facilities and security management, Human Resources, IT & mobility services, etc.
Broking firm, Motilal Oswal has set a price target of Rs 820 on the stock. The broking firm sees many positives on the stock, including the announcement of a new dividend policy – payout of 33% of FCF over three years, especially as this indicates the management is comfortable with the cash generation ability.
“This further strengthens the view on the digestive strategy by Quess (rather than acquisitive) and indicates increased focus on cash flow. The company has also guided for minimum 70% OCF/EBITDA for FY22, along with reiterating its aim to deliver 20% ROE in FY23. Over the medium term, we expect QUESS to be a big beneficiary of the recent labor law reforms. Our target price of Rs 820 per share implies a multiple of 18x FY23 estimated, earnings per share. Reiterate Buy,” the broking firm has said.
Shares of Quess Corp were last trading at Rs 764 on the NSE, which from the target price makes a good midcap top be a part of the portfolio.
Alkem Laboratories is a top player in the pharma business with 21 manufacturing facilities at multiple locations in India and the United States of America. According to broking firm Motilal Oswal, ALKEM is well-placed to benefit from a medium term recovery in the Domestic Formulation business.
“Alkem had a positive impact of higher offtake of COVID-19 associated drugs in the recent past. The reduction in COVID-19 cases, coinciding with seasonal change, bodes well for a pick-up in the performance of Acute therapies. Accordingly, we expect ALKEM to deliver 15% CAGR over FY21-23 estimated in domestic formulation. Bunched-up Abbreviated New Drug Application launches over the next 12-15 months are expected to improve sales growth as well as profitability of the US business. We estimate 10% CAGR in United States sales over FY21-23 estimates. We remain positive on the back of robust growth in the domestic formulation business and improving profitability in the US segment. We reiterate our Buy rating at a revised target price of Rs 3,730 per share,” the broking firm has said.
The stock of Alkem was trading at Rs 3,170 on the NSE.
The stocks mentioned above are taken from brokerage reports. We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in
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Tata Consultancy Services from the house of Tata group is the top Information Technology company in India by revenue. The company’s history dates back to the year 1968 when it was started as a division of Tata Sons as a management and technology consultancy firm. As of now, the company’s services range from cloud, consulting, TCS interactive, Analytics and Insights, IoT, Blockchain, Enterprise Applications, Cognitive Business Operations, Conversational Experiences, Automation & AI, Engineering and Industrial Services and Cyber security among others.
For the Q4Fy21 quarter, the company recorded a 14.9% increase in consolidated net profit to Rs. 9247 crore versus Rs. 8049 crore in the same quarter during a year-ago period. Revenue at the IT major also came in higher at Rs. 43,705 crore in comparison to Rs. 39,946 crore in the year ago period, a 9.4% y-o-y increase.
TCS made its stock market debut in August 2004 at a price of Rs. 1076 and just 3-months ago on April 9 hit its 52-week high price of Rs. 3358.80 on the BSE.
– Market cap- Rs. 11.8 lakh crore
– LTP- Rs. 3200.25
– EPS- 87.67
– P/E- 36.5
– The company in the last 4 years has announced 3 buybacks of around USD6-7 billion which provides a support to its price and that has also helped in maintaining retail investors’ interest in the scrip.
– Stock Analysis: YoY returns-On a year on year basis, the stock of TCS given the closing price of Rs. 2072 on June 9, 2020 and LTP of Rs. 3200 today has provided a phenomenal return of 54%
Strong long term fundamental strength with an average Return on Equity (ROE) of 34.90%
Net Sales at the company has grown by an annual rate of 8.61%. TCS has a low Debt to Equity ratio (avg) at -0.36 times. The company’s annual sales of
High institutional holding at 23.51%.
Stock is in a mildly bullish territory.
Brokerage Recos
| Brokerage | Recommendation | TP |
|---|---|---|
| Narnolia Financial Advisors | Buy | Rs. 4150 |
| SMC Global | Buy | Rs. 3462 |
The Bengaluru based IT major was set up in the year 1981 and is currently the second leading IT firm after TCS in revenue. The company’s products and services include NIA – Next Generation Integrated AI Platform, consulting, Information platform, Finacle- i.e. part of EdgeVerve Systems, Panaya Cloud Suite and Skava among others.
Large deal wins: For the Q3 period of FY21, Infosys announced that the TCV of large deals stood at $7.1 billion, this was higher in comparison to all the deals won by TCS whose TCV came in at $6.8 billion. In the Q4 period of FY21 also, the company’s net profit surged 17.5% y-o-y to Rs. 5076 crore owing to large deal wins and increased digital adoption amid the pandemic.
Guidance: Infosys guided for double digit revenue growth of 12-14% in FY22 on the back of major deal wins from Google and Daimler AG. In FY21, it logged growth of 6.1 percent.
The company’s debt free balance sheet together with its potential to reap healthy cash flow is also in its favour. Experts see the stock of Infosys to provide multi-bagger returns over a period of time.
-M-cap- Rs. 6.03 lakh crore
-LTP- Rs. 1415.3
– EPS-45.41
-P/E- 31.17
– Stock Analysis: 1 year performance comparison- On June 9, 2020, the stock of Infosys closed at a price of Rs. 717 and considering today’s price of Rs. 1415, the 1-year return from the scrip has been 97%.
Strong long term fundamental strength with an average RoE of 23.9%
The stock has outperformed BSE 500 in the last 3 years.
Recos:
| Brokerage | Recommendation | TP |
|---|---|---|
| Geojit BNP Paribas | Buy | Rs. 1614 |
| SMC Global | Buy | Rs. 1500 |
Pune-headquarterd Tech Mahindra is a subsidiary of the Mahindra Group and offers BPO and Information Technology Services. The company also caters to the telecommunication sector by providing IT enabled solutions.
For the quarter ended March of FY21, Tech Mahindra posted 35% year on year jump in net profit at Rs. 1081 crore. This was sequentially lower by 17% in comparison to Rs. 1309 crore in the December ended quarter.
The share price of Tech Mahindra may rise with the commercial launch of 5G services in India.
-M-cap: Rs. 1.01 lakh crore
-EPS- 45.71
-P/E- 23.02
– Stock’s performance year-on-year- On June 9, 2020, the scrip of Tech Mahindra closed at a price of Rs. 586 and hence considering today’s CP of Rs. 1052, the stock has yielded a return of 80%.
Now as the blue-chip IT stocks are available at a cheaper valuation in comparison to their mid-cap peers, one can bet on them for both short term as well as long term investment to gain handsomely. Nifty IT index is currently trading above its 20-, 50- and 100-day moving average which is indicative of bullish sentiments going forward. In the near term, there is seen an upside of 3.5% in the index to 28,600. Furthermore, if held for long term, these IT stocks have the potential to generate multibagger returns.
Multibagger stock ideas to buy in India 2021
Disclaimer: The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advise to buy or sell stocks, gold, currency or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles.
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Planning
oi-Roshni Agarwal
The linking of Employee Provident Fund (EPF’s) UAN with Aadhaar has been made mandatory beginning June 1, 2021 as the Section 142 of the Code of Social Security 2020 has been implemented. On its twitter handle EPFO@socialepfo, the provident fund administering body in a tweet stated that Section 142 of Code on Social Security, 2020 has been notified w.e.f 03-05-2021.
EPFO has amended ECR filing protocol and from 01.06.2021 it can be filed only with respect to Aadhaar seeded UAN’s.#EPFO #SocialSecurity #HumHainNa pic.twitter.com/8KCAmRMNEC
— EPFO (@socialepfo) June 7, 2021
What would happen if your Aadhaar is not linked to your EPF A/c?
In the same tweet, the social security body further mentioned that EPFO has amended ECR filing protocol and from 01-06-2021 it can be filed only with respect to Aadhaar seeded UAN’s.
This means that in case employee’s UAN and aadhaar are not linked then the employer shall not be able to upload ECR or electronic challan-cum-return form that includes employee PF details. Consequently, the PF remittances i.e. monthly employer and employee PF contribution shall not be credited into your EPF linked bank account.
What has changed with the implementation of Code on Social Security, 2020?
As per the current regulatory framework pertaining to EPF and ESI or Employees’ State Insurance, while aadhaar is not mandatory for registration as a PF subscriber, the same is needed for withdrawing funds from the PF account as well as availing the different benefits provided under ESIC. But now as the Section 142 of the Code of Social Security 2020 comes into effect, aadhaar linking is a preliminary requirement both for registration as EPF member as well as for availing its different benefits.
Now as the PF remittances that become due on June 15 could also be impacted because of the move, it shall be wise to complete the aadhaar and EPF linking process at the earliest using the following ways.
Process to verify whether your Aadhaar and EPF are linked or not
You can also verify whether or not your Aadhaar and EPF UAN are linked or not by going to this link https://iwu.epfindia.gov.in/eKYC/ and then clicking on Track eKYC .
Here you would need to enter your UAN number and Captcha and in case the seeding is already done, you would get a message saying:
Your Aadhaar details XXXX XXXX xxxx against UAN XXXX XXXX XXXX has successfully been verified.
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| Funds | 1 Year Returns | 3 Year Returns | 5 Year Returns | Value Research Rating |
|---|---|---|---|---|
| Canara Robeco Bluechip Equity Fund | 53.74% | 18.91% | 18.11% | 5 star |
| Axis Bluechip Fund | 47.14% | 16.94% | 17.51% | 5 star |
| Mirae Asset Large Cap Fund | 56.55% | 15.50% | 16.95% | 5 star |
| Kotak Bluechip Fund | 59.32% | 16.09% | 15.12% | 4 star |
| Source: Groww |
This fund, which is a Large Cap mutual fund scheme from Canara Robeco Mutual Fund, presently has an Asset Under Management (AUM) of Rs 2,477 Cr and a NAV of Rs 41.11 as of June 8, 2021. Canara Robeco Bluechip Equity Fund Direct-Growth returns have been 53.74 per cent over the last year. The bulk of the capital in the fund is allocated across the financial, technology, construction, energy, and healthcare industries. Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Tata Consultancy Services Ltd. are the fund’s top five holdings. The fund has an expense ratio of 0.45% with a 1% exit load, and one can start SIP by making an initial contribution of Rs 1000. Value Research has given this fund a five-star rating, signifying that it has the potential to provide outstanding returns in future.
Axis Bluechip Fund has a current Asset Under Management (AUM) of Rs 25,183 Cr and a current NAV of Rs 45.60 as of June 8, 2021. The fund has a 0.5 per cent cost ratio and has returned 47.14 per cent over the last 1-year. The fund’s three and five-year returns are higher than the category average, which can be a positive sign for long-term investors. The fund’s equity allocation is diversified across Financial, Technology, Healthcare, Services, FMCG sectors. Infosys Ltd., Bajaj Finance Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd., and Kotak Mahindra Bank Ltd. are the fund’s top five holdings. For units worth more than 10% of the deposit, a 1% exit load will be charged if they are redeemed within one year. SIP can be started with a minimum amount of Rs 500. This fund has also been given a five-star rating by Value Research and based on its past record, it can perform well in the long term.
Mirae Asset Large Cap Fund Direct-Growth has Rs 23,993 crores in asset under management (AUM) and a current net asset value (NAV) is Rs 76.08 as of June 8, 2021. The fund’s expense ratio is 0.53 per cent, and its 1-year returns are 56.55 per cent. The fund has diversified its equity allocation across Financial, Technology, Energy, FMCG, Healthcare sectors. Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Tata Consultancy Services Ltd. are the fund’s top five holdings. SIP can be started in this fund by making a minimum contribution of Rs 1000 and a 1% exit load will be charged if withdrawn within 12 months. Value Research has also granted this fund a five-star rating, which demonstrates the fund’s stability in producing returns.
The 1-year returns for Kotak Bluechip Fund Direct-Growth are 59.32 per cent. According to Value Research, it has provided an average yearly return of 15.24 per cent since its inception. The fund’s equity exposure is spread throughout the financial, technology, energy, FMCG, and construction sectors. ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., HDFC Bank Ltd., and Tata Consultancy Services Ltd. are the fund’s top five holdings. The fund has a 0.92 per cent expense ratio, which is more than other large-cap funds. The fund has a total of Rs 2,411 crore in asset under management (AUM), with a current NAV of Rs 369.67 as of June 8, 2021. The minimum SIP is Rs 100, and units worth more than 10% of the deposit would incur a 1% redemption fee if redeemed within 12 months. Value Research has provided the fund with a four-star rating, indicating that it has a stronger capacity to provide good returns than other funds in the same category.
According to data from Value Research, large-cap equity funds, for example, have generated an average SIP return of 13.63 per cent over the last ten years which is undoubtedly much higher than that of PPF and even bank FDs. The current interest rate on PPF, on the other side, is 7.1 per cent. The Public Provident Fund (PPF) is one of the finest ways to save for old age. It has generally given higher interest rates than bank fixed deposits. Furthermore, the PPF interest rate is unstable, as the central government adjusts it every quarter. In this case, a diversified equity fund can be a good bet for your portfolio. Because the underlying companies are not strongly influenced by market swings, conservative investors may consider investing in the large-cap funds discussed above. As a result, they are less risky than small and midcap funds. Market risk is also included in large cap funds so before making a selection, investors must examine prior returns, investment purpose, expense ratio, exit load and AUM of the fund.
The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advise to buy or sell stocks, gold, currency or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in
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8 Best Performing Nifty 50 Stocks To Invest In India 2021
| Nifty 50 Company | Price(June 8) on NSE | Market Cap In Rs (Cr) | 1-year Return | 5 Year Returns |
|---|---|---|---|---|
| JSW Steel | Rs 706.35 | 1.70LCr | 271.00% | 397.00% |
| Tata Steel | RS 1,110 | 1.34LCr | 234.14% | 248.39% |
| Tata Motors | Rs 356.50 | 1.25LCr | 219.87% | -21.98% |
| Hindalco Industries | Rs 388 | 86.84TCr | 172.09% | 236.51% |
| UPL Limited | Rs 853 | 65.17TCr | 98.10% | 120.60% |
| Adani Ports And Special Economic Zone | Rs 874.90 | 1.78LCr | 152.82% | 331.52% |
| Grasim Industries | Rs 1,502 | 98.86TCr | 145.47% | 141.96% |
| SBI | Rs 427.4 | 3.81LCr | 131.72% | 107.53% |
JSW Steel Ltd., founded in 1994, is a Large Cap business in the Metals – Ferrous sector with a market capitalization of Rs 171,018.35 crore. The company reported a Consolidated Total Income of Rs 27,095.00 Crore for the quarter ended 31-03-2021, up 23.13 percent from the previous quarter’s Total Income of Rs 22,006.00 Crore and up 50.45 percent from the same quarter last year’s Total Income of Rs 18,009.00 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 4,179.00 crore.
The stock gained 108.52 percent over three years, compared to 43.76 percent for the Nifty 100.
Over a three-year period, the stock returned 108.52 percent, compared to 45.35 percent for the Nifty Metal index.
Tata Steel Ltd., founded in 1907, is a Large Cap business in the Metals – Ferrous sector with a market capitalization of Rs 133,790.55 crore.
The company reported a Consolidated Total Income of Rs 50,249.58 Crore for the quarter ended 31-03-2021, up 26.23 percent from the previous quarter’s Total Income of Rs 39,809.05 Crore and up 43.22 percent from the same quarter last year’s Total Income of Rs 35,085.86 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 7,011.50 crore.
The stock gained 87.96 percent over three years, compared to 43.76 percent for the Nifty 100.
Stock generated an 87.96% return as compared to Nifty Metal which gave investors a 45.35% return over 3 year time period.
Tata Motors Ltd., founded in 1945, is a Large Cap firm in the Auto industry with a market capitalization of Rs 117,123.86 crore.Stock generated 13.81 percent over three years, compared to 44.33 percent for the Nifty 100. Over a three-year period, the stock returned 13.81 percent, while the Nifty Auto delivered investors a -3.74 percent return. Along with NIFTY 50, the company’s other products and services include Consumer Cyclical, Auto Manufacturers, Commercial Vehicles, NIFTY 100, and NIFTY 500, among others.
Hindalco Industries Ltd., founded in 1958, is a Large Cap business in the Metals – Non-Ferrous sector with a market cap of Rs 87,115.18 Crore. The stock gained 63.12 percent over three years, compared to 43.76 percent for the Nifty 100. Over a three-year period, the stock delivered a 63.12% return, while the Nifty Metal provided investors a 45.35 percent gain. The company is part of the Basic Materials industry sector, with a specialisation in the Aluminum sector.
By expanding globally, the company has made a step toward becoming an agriculture solutions provider rather than just an agrochemicals manufacturer. With its presence in many places throughout the world, the business model is also de-risked from weather uncertainty. The stock returned 78.95 percent over three years, compared to 43.76 percent for the Nifty 100.
Adani Ports & Special Economic Zone Ltd., founded in 1998, is a Large Cap company in the Shipping sector with a market cap of Rs 177,615.74 crore. The stock returned 130.91 percent over three years, compared to 43.76 percent for the Nifty 100. Over a three-year period, the stock returned 130.91 percent, while the Nifty Infrastructure index returned 35.49 percent.
Grasim Industries Ltd., founded in 1947, is a Large Cap business in the Diversified sector with a market capitalization of Rs 98,914.01 crore. The company reported a Consolidated Total Income of Rs 24,529.53 Crore for the quarter ended 31-03-2021, up 14.94 percent from the previous quarter’s Total Income of Rs 21,341.10 Crore and up 21.59 percent from the same quarter last year’s Total Income of Rs 20,174.61 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 2,533.30 crore. The stock gained 46.14 percent over three years, compared to 44.33 percent for the Nifty 100.
State Bank of India, founded in 1955, is a banking corporation with a market capitalization of Rs 381,259.40 crore. The stock earned 56.48 percent over three years, compared to 44.33 percent for the Nifty 100 index. Over a three-year period, the stock generated a 56.48 percent return, compared to 34.0 percent for the Nifty Bank.
Please note that past performance is not always indicative of future results. Furthermore, you should not consider any discussion or information in this article to be the receipt of, or a substitute for, specific investment advice from Authors or Goodreturns.
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