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New Delhi Investment：Top equity mutual funds in India to invest in 2024

Top equity mutual funds in India to invest in 2024

utual funds pool money from various investors, enabling professional fund managers to make strategic investment decisions. The appeal lies in expert management, diversification to manage risk, and the flexibility to align with diverse financial goals.

With options catering to different risk profiles and objectives, mutual funds provide liquidity, allowing investors to buy or sell shares at the net asset value (NAV). This blog will explore the top mutual funds across ten different categories based on their CRISIL rankings.

Let’s check out the top mutual funds for investment, along with the AUM (Assets under Management) and category of each (as of July 31, 2024):

Also Read: Types of Mutual funds in India based on investment goals, asset class, risk and more

Fund name

AUM (Rs cr)

Category

SBI Long Term Equity Fund

Motilal Oswal ELSS Tax Saver Fund

JM ELSS Tax Saver Fund

27,527

JM Flexi Cap Fund

Bank of India Flexi Cap Fund

Flexi cap fund

HDFC Focused 30 Fund

Invesco India Focused Fund

13,795

Focused fund

SBI Nifty 50 ETF

UTI S&P BSE Sensex ETF

SBI S&P BSE Sensex ETF

ICICI Prudential S&P BSE Sensex ETF

2,02,237

45,161

1,23,086

11,241

Index funds/ ETFs

Nippon India Large Cap Fund

Bank of India Bluechip Fund

JM Large Cap Fund

31,801

Large cap funds

Invesco India Large & Mid Cap Fund

Bandhan Core Equity Fund

Quant Large and Mid Cap Fund

Large and mid-cap fund

Motilal Oswal Midcap Fund

Mahindra Manulife Mid Cap Unnati Yojana – Regular Plan – Growth

ITI Mid Cap Fund

14,446

Mid cap fund

ITI Multi Cap Fund

Multi cap fund

Franklin India Smaller Companies Fund

ITI Small Cap Fund

14,475

Small cap fund

SBI Contra FundNew Delhi Investment

JM Value Fund

37,846

Value/ Contra fund

It is time for a closer look at the top mutual funds for investment across categories based on factors like volatility, expense ratios, total returns since inception, and more. Also Read: Top 10 index funds in India by AUM

Note that-

The expense ratio stands for the annual maintenance charge a mutual fund uses to finance miscellaneous expenses like management fees, allocation charges, costs of advertising, and more. Volatility refers to the degree of variation in the price of a mutual fund over time. Standard deviation gauges the dispersion of returns from the mean, offering insights into the fund’s historical price fluctuations. Beta, on the other hand, compares the fund’s volatility to the overall market’s. Total returns since inception offer investors a long-term perspective on how well the fund has performed over its entire existence.The Portfolio Turnover Ratio (PTR) measures the frequency with which the fund’s holdings are bought and sold within a specific periodAhmedabad Stock. A higher turnover ratio indicates more frequent trading, potentially leading to increased transaction costs and capital gains taxes for investors. On the other hand, a lower turnover ratio implies a buy-and-hold strategy with fewer portfolio adjustments. Tracking error quantifies the variability between a mutual fund’s performance and the performance of its benchmark index. A low tracking error suggests the fund closely mirrors the benchmark, while a higher tracking error indicates greater deviation.

Also Read: Top 10 companies in India by market valuation in 2024

According to the rating agency, a subsidiary of S&P Global, mutual funds are divided into three peer groups–equity, debt, and hybrid. To be included in the ranking, these funds must have a ‘three-year or one-year NAV history and AUM in excess of category cut-off limits and complete portfolio disclosures.’ And they only consider open-ended schemes. The methodology document states a three-year NAV history is considered across all equity, hybrid, dynamic bond, medium duration, medium to long duration, banking & PSU, corporate bond, credit risk and gilt categories, whereas one-year for liquid, low duration, money market, ultra-short term categories.

Also Read: Mutual fund stress test: Methodology and test results for small and mid cap funds

Only open-ended funds are considered; both regular and direct plans are ranked separatelyNAV history

− Three years for equity, hybrid, gilt, dynamic, medium to long, medium duration, banking & PSU, corporate bond, credit risk and short-duration funds

− One year for arbitrage, low duration, ultra-short, money market and liquid fundsAUM cut-off criteria:

For equity funds – Rs10 crore

For debt and hybrid – Rs50 crore

For debt fund less than a year – Rs250 crore

For liquid funds – Rs1000 croreComplete portfolio disclosure for all three months in the last quarterFor debt funds, fortnightly portfolios are also considered.

Also Read: Top 10 FMCG companies in India by market cap

Based on SEBI guidelines, CRISIL excludes the following funds from rankings.Equity: Dividend yield funds, sectoral/thematic funds Debt: Overnight funds, long duration funds, 10-year constant maturity gilt funds, floater funds Hybrid: Dynamic asset allocation/balanced advantage funds, multi-asset allocation funds, equity savings funds Others: Solution-oriented funds, fund of funds, index/ETFs (other than ones replicating Nifty or Sensex)

Also Read: Top 10 IT companies in India by market capitalisation

Investment experts always urge investors to park their money based on what they want to achieve with it. Mutual funds are not an exception to this general rule of thumb. Two fundamental questions to answer before investing in mutual funds are:What is the duration of your investment?How much risk are you willing to take?

Once you have your answers, look for the following attributes:

1. Consistency – A fund that consistently performs is a good choice. For example, if the return for a fund is 10 percent in the first year, 12 percent in the next, and 12.5 percent after that, it will be preferred over a fund that gives 32 percent in year one, -13 percent in the next, and maybe 2 percent in the next. Consistency can always be trusted over risky behaviour.

2. Good fit – While selecting the plan, also figure out how it fits with your overall investments, how it will impact your liquidity and tax efficiency, and how it will help you with returns.

3. Who is managing – A consistent fund management team is an advantage when you are investing in a mutual fund. Continuity plays a crucial role in a fund’s long-term performance, so try to avoid funds that see a lot of churn in top management.

4. Past performance – Pay attention to how the mutual fund has performed. History is no guarantee of the future, but it gives you an idea of how the funds were handled in most market situations in the past. If they outperformed the market situation, you might consider such funds.

Kanpur Investment

Chennai Investment：Chennai Investment：The Indian consortium showed his teeth, Apple had bowed his head, and Foxconn’s development in India was covered with shadows.

Chennai Investment：The Indian consortium showed his teeth, Apple had bowed his head, and Foxconn's development in India was covered with shadows.

Foreign media reports that Apple has expressed the meaning of willingness to cooperate with the Indian consortium Tata, showing that under the strong attitude of the Indian consortium, even the world’s strongest company Apple has to bow its head.I am afraid it may not be a good thing.Ahmedabad Investment

Apple has invested in India a lot of capital, not only to draw Foxconn, Wei Chuang, and Hutchong Shuo to set up factories, but also prompting industrial chain companies to set up factories in India.India’s factories also require the iPhone15 manufactured in India to use Indian batteries, forcing many battery companies to set up factories in India.

Apple’s promotion of Indian manufacturing is that it wants to disperse risks. It thinks that mobile phone foundry companies have to listen to it. At presentThere is a generous profit that allows the Indian consortium.

The Indian media has declared that the Indian consortium Tata is “friendly” with Wei Cai, and hopes to acquire Weisen’s factory in India.All Indian businesses, Apple’s iPhone15 in 2023 was only divided into Weichun 1%of the share, which shows that Wei Chuang should be forcibly acquired its Indian factory by a strong Tata.Chennai Investment

It is reported that Tata has extended a “olive branch” to the Heshuo. Considering the encounter of Wei Chuang, Tata’s so -called cooperation with peace may be a guise again.In this way, Apple continues to promote Indian manufacturing to cooperate with Tata, and now Apple has expressed his willingness to cooperate with Tata, representing the purpose of Tata.

India’s consortium has a great influence, and dares to actively fight for European and American companies. European operators Vodafeng has been fined by India, but due to international pressure, India has ended in recent years.Amazon and other American companies issued huge tickets. Amazon’s second -largest Indian retail company in India later was emptied and suffered huge losses by the Indian consortiumAhmedabad Wealth Management. Ford also planted in India.

Therefore, India has the “reputation” of a foreign cemetery, but India is the second largest market in the world after all, and the growth space is hugeAhmedabad Investment. This makes Apple unwilling to abandon the Indian market easily.Tata had to bow his head and planned to hand over iPhone to Tata OEM.

This is not a good thing for Apple’s largest agencySurat Wealth ManagementChennai Investment. Foxconn is not a good thing. Foxconn has re -bet in the Indian market. It has shifted its production line in India to IndiaIndore Investment. I hope to create a miracle in India.The dilemma facing Foxconn is quite concerned.

In fact, Foxconn has repeatedly encountered some problems in India. Foxconn’s Indian factory has repeatedly stopped working, and the yield of the iPhone produced is as low as 50 %; Foxconn founder Guo Taiming’s younger brother Guo Taiqiang has lost fire in India’s power plant.Four production lines, now looking back at the Indian consortium, it is suspected that these fire accidents are not simple.Indore Investment

Foxconn founder Guo Taiming did not have much market position in Hon Hai, which was founded in India and Taiwan in India and Taiwan. It can even be said to be an incompetent company. LaterFoxconn has rapidly developed into the world’s largest mobile phone foundry due to many high conditions given by mainland India.

Foxconn’s achievements made Guo Taiming think that he was really a superman, and he could copy his previous success in India. However, the encounter in India may cause Guo Taiming to be severely frustrated, making him understand that Foxconn’s success is not only achieved by his own efforts to achieveAnd a lot of support provided by mainland India.

Simla Investment

New Delhi Stock Exchange：iShares MSCI Emerging Markets Small-Cap ETF

iShares MSCI Emerging Markets Small-Cap ETF

To address climate change, many of the world’s major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.New Delhi Stock Exchange

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. ITR employs open source 1.55° C decarbonization pathways derived from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). These pathways can be regional and sector specific and set a net zero target of 2050, in line with GFANZ (Glasgow Financial Alliance for Net Zero) industry standards. We make use of this feature for all GHG scopesHyderabad Investment. This enhanced ITR model was implemented by MSCI on February 19, 2024.

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund’s portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund’s portfolio, global temperatures would ultimately rise within this band.Jaipur Wealth Management

Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be foundLucknow Wealth Management

Hyderabad Investment

Surat Investment：Nvidia looks primed for a stock split after $1 trillion rally

Nvidia looks primed for a stock split after $1 trillion rally

Nvidia Corp’s scorching rally has added more than $1 trillion in value this year alone, sending it well above the level where it last split its shares. Some see the AI giant well placed to do so again.Surat Investment

The company last announced a four-for-one stock split in May 2021, when it was trading at about $600 per share. Today, the stock is nearing the $1,000 level, extending last year’s 240% surge. While bulls argue that its valuation based on future earnings growth is relatively cheap, some potential investors may balk at the price.

“Probably in the next year or so, I expect the stock to split and that would be able to get some small retail investors into the stock where they think it’s out of reach right now,” said Ken Mahoney, president and chief executive officer of Mahoney Asset Management.

The reasoning Nvidia gave for 2021 split was “to make stock ownership more accessible to investors and employees,” according to a press release. It rallied to about $750 per share by July 19 that year — the day before it started trading on a split adjusted basis. After a 2022 drop, the shares have since blasted past those levels.

Stock splits are a cosmetic move generally enacted to attract smaller investorsAhmedabad Investment. The action reduces share price by redistributing the amount of equity over a larger number of stock, but doesn’t change anything about underlying fundamentals or valuation.

“I’m always of two minds,” said Mike Sansoterra, chief investment officer at Silvant Capital Management LLC, adding that on one hand, stock splits don’t matter much because they don’t change anything about a company’s value.

“But, on the other hand, retail investors psychologically do like to buy things that are $30 instead of $300,” he said. “They tell themselves that it’s less expensive even though it’s absolutely not less expensive.”

To be sure, Nvidia hasn’t made any indication that it would split its shares anytime soon, and with its rally still marching higher, it doesn’t seem to be scaring away all retail investors. Its one of the most-traded stocks for the retail crowd, alongside Tesla Inc., Advanced Micro Devices IncNew Delhi Wealth Management. and Super Micro Computer Inc., according to data from Vanda Research.

And, investors that aren’t ready to pony up Thursday’s closing price of about $927 could still buy fractional shares of Nvidia, or hold fewer units.

In addition, no companies in the Nasdaq 100 split their stocks last year amid a market-leading tech rally. That was a reversal from just a few years earlier during the pandemic, when technology stocks soared and spurred splits in some of the largest companies.

Both Apple Inc. and Tesla Inc. split their shares in 2020 — with the move being the EV maker’s second in a two-years span. Amazon.com Inc. and Alphabet Inc. both split their stocks in 2022. Microsoft, however, hasn’t split its own shares since 2003, when it traded at about $50. It’s now trading at more than $400.

If Nvidia can continue to exhibit the consistent growth on an upward trajectory, a stock split “would make sense,” Mahoney said.

A positive outlook for revenue and cash flow in 2024 has been one of the factors lifting International Business Machines Corp. back toward a record high set more than 10 years ago. The firm has focused on streamlining its operations around software and services in recent years, divesting other businesses.

New Delhi Wealth Management

Simla Investment：Asian markets tumble as financial fears deepen

Asian markets tumble as financial fears deepen

HONG KONG — Asian stocks tumbled Thursday, tracking declines on Wall Street as investors feared more companies could succumb to the global financial crisis that forced the US to bail out troubled insurer American International Group Inc.

Related readings:

Asian markets decline on AIG bailout

Stocks sink after US government bailout of AIG

Wall Street mauled by Lehman bankruptcy, AIG fears

Asian stocks fall, driving index to 3-year low

Every regional benchmark fell deeply in the red.

Hong Kong’s Hang Seng Index led the region’s losses, tanking 1,272.86 points, or 7.22 percent, to 16,364.33, its lowest level in over two years.

In Japan, the Nikkei 225 stock index was down 445.67 points, or 3.79 percent, at 11,304.12. Australia’s S&P/ASX200 index fell more than 3.5 percent, South Korea’s Kospi lost 3.6 percent and Shanghai’s index fell 5.8 percent.

The losses tracked US markets, where the Dow Jones industrial average fell about 450 points, or 4.06 percent, to 10,609.66.

Investors were unsettled by the Federal Reserve’s $85 billion loan to AIG, the huge US insurer that lost billions in the risky business of insuring against bond defaults. It was the latest financial giant to fall in a historic financial crisis on Wall Street that’s already claimed investment banks Lehman Brothers and Merrill Lynch.

“It’s a complete collapse of confidence,” said Francis Lun, general manager of Fulbright Securities Ltd in Hong Kong. “The financial crisis in the US is hitting everyone, everyone is running for cover. If the largest insurance company can fail, than no one is safe.”

As equities markets staggered, investors fled to gold, seen as a safe haven in times of troubleSimla Investment. Gold for December delivery rose as much as $90.40, or 11.6 percent, to $870.90 an ounce in after-hours trading on the New York Mercantile Exchange after jumping $70 to settle at $850.50 in the regular session.Chennai Investment

Oil rose above US$97 in Asian trade Thursday, extending its big gains overnight. The dollar was little changed at 104.32 yen and the euro rose to US$1.4345.

Financial stocks across Asian went into a tailspin.

Japan’s three megabanks fell hard: Mizuho Financial Group, Inc. sank 7.2 percent, Mitsubishi UFJ Financial Group, Inc. shed 4.6 percent, and Sumitomo Mitsui Financial Group retreated 7.4 percent.

Leading China lender Industrial & Commercial Bank of China Ltd, or ICBC, fell over 5 percent in Hong Kong.

Macquarie Group Ltd., Australia’s biggest investment bank and securities firm, took an 18 percent nosedive.

Richard herring, the director of trading at Burrell Stockbroking, said Australian investors were nervous about AIG bailout.

“It has actually opened up a whole lot of other questions for investors to answer and that is: AIG is on the rack, what else is potentially out there that could go underKolkata Wealth Management?” Herring said.

Major exporters including auto makers and electronics firms also wilted, hurt by a sagging dollar and slowing overseas markets.

In Japan, Nintendo Co., maker of the popular Wii game console, tumbled 4.4 percent after earlier hitting a near year-low.

China stocks plunge nearly 6% after Wall Street losses

Declines on the China market worsened in the early session on Thursday after heavy losses on Wall Street and reports by more Chinese banks of holdings in failed U.S. investment bank Lehman Brothers.

The benchmark Shanghai Composite Index plummeted 5.84 percent to close the morning session at 1,816.44 points, led by bankers and insurers.

The losses tracked overnight losses on Wall Street, where the Dow Jones industrial average slid 449.36 points, or 4.06 percent, to 10,609.66.

The Industrial and Commercial Bank of China nosedived 7.89 percent to 3.15 yuan (0.46 U.S. dollars) after the bank reported its holdings at 151.8 million U.S. dollars the previous day.

The Bank of China said its total exposure was 128.82 million U.S. dollars late on Wednesday. Its share prices went down 4.38 percent to 2.84 yuan in the morning.

China Merchants Bank, the first Chinese bank to report holdings of 70 million U.S. dollars worth of bonds issued by Lehman, lost 3.59 percent to 13.95 yuan after a two-day plunge of the 10 percent daily limit.

China Ping An plummeted by the daily limit of 10 percent finished the morning session at 30.2 yuan, while China Life Insurance was down 9.42 percent to 17.99 yuan.

The property sector also reported heavy losses, and helped drive the index lower. Chongqing Yukaifa fell 10.04 percent to 4.3 yuan, and China Vanke fell 5.23 percent to 4.89 yuan.

The Shenzhen Component Index closed at 6,338.19 points, down 341.87 points, or 5.12 percent.

Ahmedabad Investment

Kanpur Wealth Management：iShares U.S. Industrials ETF

iShares U.S. Industrials ETF

To address climate change, many of the world’s major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. ITR employs open source 1.55° C decarbonization pathways derived from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). These pathways can be regional and sector specific and set a net zero target of 2050, in line with GFANZ (Glasgow Financial Alliance for Net Zero) industry standardsKanpur Wealth Management. We make use of this feature for all GHG scopesSurat Stock. This enhanced ITR model was implemented by MSCI on February 19, 2024.

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund’s portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund’s portfolio, global temperatures would ultimately rise within this band.

Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be foundSimla Stock

Kolkata Investment

New Delhi Investment：NZX Trading Hours

NZX Trading Hours

Status

New Year’s Day

Closed

10 months ago

New Year’s DayNew Delhi Investment

Closed

10 months ago

National Day

Closed

9 months ago

Irregular Schedule

Open, 10:00 am – 4:45 pm

‡

8 months ago

Irregular Schedule

Open, 10:00 am – 4:45 pm

‡Indore Investment

8 months ago

Good Friday

Closed

7 months ago

Easter

Closed

7 months agoUdabur Wealth Management

Anzac Day

Closed

6 months ago

Irregular Schedule

Open, 10:00 am – 4:45 pm

‡

5 months ago

King’s Birthday

Closed

5 months ago

Irregular Schedule

Open, 10:00 am – 4:45 pm

‡

4 months ago

New Year’s Day

Closed

4 months ago

Irregular Schedule

Open, 10:00 am – 4:45 pm

‡

2 months ago

Irregular Schedule

Open, 10:00 am – 4:45 pm

‡

1 month ago

Labor Day

Closed

Bangalore Investment

Nagpur Investment：Stock market holiday： NSE, BSE to remain closed on 2 more days in March

Stock market holiday： NSE, BSE to remain closed on 2 more days in March

Indian stock markets will observe two more trading holidays in addition to weekly breaks in the second half of March, taking the overall trading holidays in the month to three. After the trading holiday on March 8 on account of Mahashivratri, the domestic bourses will be closed on account of Holi on March 25 and Good Friday on March 29.

There will be no trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on both of these days. The websites of both exchanges state that trading in the equity segment, equity derivative segment and SLB segment will be closed on these two days in March.

This month, the domestic stock market will now be closed on March 25 (Monday) on the occasion of Holi. There will be no trading in the equity segment, equity derivative segment and SLB segment on both the NSE and BSE.

Following this, the stock market will also be closed on March 29 on Good FridayNagpur Investment. As both these holidays fall in the same week, the market will open only three days in the March 25–29 week.Chennai Investment

The information available on exchanges states that there won’t be any trading in the currency derivatives segment on either of these dates.

As per the list of holidays in the stock market in 2024, on the occasion of Holi on March 25, morning trading in the commodity and electronic gold receipt (EGR) segment will be closed, i.e., from 9 am to 5 pm. However, trading on MCX will remain open for the evening sessionJaipur Investment. Trading will continue in the commodity derivatives segment and the electronic gold receipt (EGR) segment for the session from 5 pm to 9 am.

On March 29, trading will be closed in the morning and evening segments on the occasion of Good Friday.

For the rest of 2024, the domestic stock market will be closed for a total of 10 days apart from weekly holidaysHyderabad Wealth Management. Stock markets will be closed for two days in April, one day each in May, June, July, August, and OctoberUdabur Stock. Apart from this, the market will be closed for two days in November. However, the market will be closed for one day in December.

Jinnai Wealth Management

Bangalore Wealth Management：Best Small-Cap Stocks to Invest in 2024

Best Small-Cap Stocks to Invest in 2024

According to the regulations of the Securities and Exchange Board of India (SEBI), listed stocks are ranked based on their market capitalisation. Stocks that are ranked 251 and below in terms of market capitalisation are labelled as small-cap stocks.

They’re often new companies that don’t have a well-established business, lack financial stability and have limited resources. This makes them riskier than mid-cap or large-cap stocks due to their increased susceptibility to economic and market downturns.

Small-cap stocks have several features that set them apart from the other categories of stocks. Let’s look at some of the key characteristics of these stocks.

Low Market Capitalisation

As you’ve already seen, small-cap stocks have a relatively low market capitalisation compared to mid-cap and large-cap stocks.

Low Liquidity

Due to less demand, small-cap stocks are generally less liquid compared to mid-cap and large-cap companies. Low liquidity may impact the ability to purchase and sell the stocks freely at the desired price.

Volatile Price Behaviour

Factors like low liquidity, limited analyst coverage and high susceptibility to economic and market changes make small-cap stocks more volatile than other types of stocks. This makes them more risky investments.

Future Growth Potential

Despite the increased risk involved, small-cap stocks may likely deliver higher returns due primarily to their higher future growth potential as compared to other well-established companies.

The following small-cap stocks make a fine addition to your 2024 watchlist, based on their 5-year Compound Annual Growth Rate (CAGR).

Note: The list of small-cap stocks is as of January 24, 2024.

If you are planning to invest in small-cap stocks this year, it’s crucial to have a long-term investment outlook so you can leverage the growth potential of these companies. However, before you buy any stock for the long term, you need to assess its financials and perform extensive fundamental analysis. The following metrics can help you with this.

Established in 1992, Hazoor Multi Projects Limited (HMPL) is involved in infrastructure development. The company operates on two different models – EPC (Engineering, Procurement and Construction) and HAM (Hybrid Annuity Model). HMPL currently has two major ongoing infrastructure projects. This includes the rehabilitation and upgradation of the Wakan-Pali-Khopoli section of National Highway 548A and Package 11 of the Samruddhi Mahamarg Expressway, which consists of a 29.93-kilometre stretch.

Key Financial Insights

Market Capitalization: ₹533.67 crore

Face Value: ₹10.00

EPS (Earnings per share): ₹40.35

Book Value: ₹81.32

RoCE (Return on Capital Employed): 60.90%

ROE (Return on Equity): 85.91%

Dividend Yield: 0.64%

Promoter’s Holdings: 25.93%

Incorporated in 1982, Authum Investment & Infrastructure Limited is a registered Non-Banking Financial Company (NBFC) listed on both the Bombay Stock Exchange (BSE) and the Calcutta Stock Exchange (CSE). In addition to financing and lending activities, the company is also involved in investing in shares, securities and real estate. In 2022, Authum Investment & Infrastructure Limited acquired Reliance Commercial Finance Limited (RCFL) through a competitive bidding process, making RCFL its wholly-owned subsidiary.

Key Financial Insights

Market Capitalization: ₹15,779.46 crore

Face Value: ₹1.00

EPS (Earnings per share): ₹253.41

Book Value: ₹3,416.41

RoCE (Return on Capital Employed): 85.24%

ROE (Return on Equity): 131.67%

Dividend Yield: NA

Promoter’s Holdings: 74.53%

One of the leading event and exhibition management companies in India, Praveg Limited, was established in 1995. The company has a long and successful track record spanning almost 30 years and more than 3,000 events and exhibitions. In addition to exhibition and event management, Praveg Limited’s business also extends to the publication, tourism and hospitality sectors. The company has a well-established travel magazine known as ‘Praveg’s Tourism One’ and two resorts, namely, the White Rann Resort and the Tent City Narmada under its belt.

Key Financial Insights

Market Capitalization: ₹2,336.72 crore

Face Value: ₹10.00

EPS (Earnings per share): ₹14.43

Book Value: ₹112.46Bangalore Wealth Management

RoCE (Return on Capital Employed): 34.55%

ROE (Return on Equity): 40.61%Kanpur Investment

Dividend Yield: 0.40%

Promoter’s Holdings: 54.53%

Established in 1992, Prime Industries Limited was initially incorporated as Prime Proteins Limited. A year later, the company went ahead with an IPO of Rs. 2.9 crore. Prime Industries is in the business of manufacturing vanaspati ghee and has a dedicated manufacturing plant for the same in the Ferozepur district of Punjab. The shares of the company are listed and traded on the Bombay Stock Exchange (BSE).

Key Financial Insights

Market Capitalization: ₹292.41 crore

Face Value: ₹5.00Lucknow Stock

EPS (Earnings per share): ₹1.02

Book Value: ₹20.40

RoCE (Return on Capital Employed): 7.79%

ROE (Return on Equity): 7.72%

Dividend Yield: NA

Promoter’s Holdings: 48.72%

Incorporated in 1995, Integrated Technologies Limited is a New Delhi-based company that’s involved in the business of manufacturing and exporting Printed Circuit Boards (PCBs). The company’s dedicated facility is well-equipped and is capable of manufacturing single-sided, double-sided and multi-layered PCBs that meet internationally set standards. The manufacturing facility is located within a 20-kilometre radius of the New Delhi International Airport for facilitating faster and more efficient international export operations.

Key Financial Insights

Market Capitalization: ₹448.43 crore

Face Value: ₹10.00

EPS (Earnings per share): ₹2.82

Book Value: ₹0.61

RoCE (Return on Capital Employed): 295.27%

ROE (Return on Equity): —

Dividend Yield: NA

Promoter’s Holdings: 55.90%

Investing in small-cap stocks offers a plethora of different benefits to investors. Here’s a quick look at some of the key advantages.

Long-Term Growth Potential

Since the business of most small-cap stocks is relatively new, they often tend to have more room for growth in the long term. If managed well, small-cap stocks can grow into mid-cap and even large-cap stocks over time.

Lower Valuations

Small-cap stocks are generally overlooked by investors and market analysts alike. This may lead to them trading at far lower valuations, providing long-term value investors with attractive opportunities to snap up undervalued stocks.

High Wealth Creation Potential

The lower valuations combined with good growth potential provide small-cap stocks with the unique ability to create wealth in the long runKolkata Stocks. Small-cap stocks whose operations are managed well may even become multibaggers in the future, potentially multiplying your investment.

Provides Risk Diversification

Investing in small-cap stocks may provide some much-needed diversification to your investment portfolio. Since these stocks don’t always move in tandem with mid-cap or large-cap companies, small-cap companies may be immune to downturns that affect the other categories of stocks.

Although small-cap stocks have many benefits, they also come with their fair share of risks. Let’s look at some of the key risks involved in investing in these stocks.

Liquidity and Volatility Risk

The low trading volumes of small-cap stocks can make purchasing and selling them a lot more challenging without significantly impacting their price. Furthermore, the stocks may also experience bouts of significant short-term price fluctuations on either side.

Limited Access to Resources

Small-cap stocks have limited financial resources, which can stifle their growth and make them more vulnerable to adverse business conditions. Also, they may face hurdles and challenges when attempting to access more capital to meet their business obligations.

Lack of Coverage and Information

Small-cap stocks usually receive less attention compared to mid-cap and large-cap stocks. This can result in less information availability, making it harder to conduct thorough research and make informed decisions.

Investing in small-cap stocks is a good way to bring diversity to your investment portfolio. However, it is advisable to conduct thorough research before making any major investment decision concerning these stocks. Remember to consider factors like your investment goals, risk tolerance levels, the company’s fundamentals, micro and macroeconomic conditions and industry risks.

With proper due diligence and a long-term investment outlook, you can effectively balance the rewards and the risks that are commonly associated with small-cap stocks.

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Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.

In the Indian context, small-cap stocks are defined as those stocks that are ranked 251 and below in terms of market capitalisation. The market cap of these stocks generally doesn’t exceed ₹5,000 crore.

Most small-cap stocks do not pay dividends because they tend to reinvest their profits for future growth. However, some small-cap stocks may pay dividends at periodic intervals. If you want a steady dividend income, it may be ideal to focus on large-cap stocks issued by established companies.

Since small-cap stocks generally belong to companies that are in the growth phase, they tend to be more susceptible to market movements and economic developments. This makes the stock prices quite volatile, contributing to increased risk.

Before you invest in small-cap stocks, you need to consider factors like the company’s financials, its growth potential, competitive advantage and management expertise. It also helps to perform thorough fundamental analysis.

Kolkata Wealth Management

Kanpur Stock：Nvidia vaults to world’s fourth-biggest company by market cap on AI optimism

Nvidia vaults to world's fourth-biggest company by market cap on AI optimism

Chipmaker Corp has become the world❼fourth largest company by market capitalisation, after a 16.4% surge on Thursday when a quarterly earnings report surpassed analysts✩xpectationsKanpur Stock. The company❼market cap has swelled by $740.2 billion this year, the largest increase worldwide. It makes Nvidia the third-largest company in the United States, outranking tech-giants Amazon.com Inc and Alphabet Inc and behind only Microsoft Corp and Apple Inc. Globally, it is the fourth-largest, positioned behind Saudi Aramco. As of Thursday, the company❼market cap stood at $1.96 trillion, compared with $1.52 trillion at the end of January. Nvidia shares✩8.5% jump in 2024 has been pivotal in the S&P 500❼performance, contributing to more than a quarter of the index❼rise this year. Analysts are monitoring whether the chipmaker will drive further gainsPune Stock. The S&P 500 index achieved a record high on Thursday, reflecting a 6.65% increase this year, following a 24% surge in 2023, primarily driven by a robust rally in the technology sector. “Leading cloud computing companies plan to boost their capital expenditures to satisfy demand for artificial intelligence training and inference, and it appears that virtually all this spending will fall into Nvidia❼pockets,” said Brian Colello, a strategist at Morningstar. “We anticipate revenue will rise by a couple of billion each quarter throughout fiscal 2025 for Nvidia as more chip supply comes online.”

Udabur Wealth Management