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Economic Times
5 minutes ago
- Economic Times
Retail investors flock to mid and smallcap mutual funds despite valuation concerns
Synopsis Indian retail investors are actively investing in mid and smallcap mutual funds. They are attracted by the high returns these funds have provided. Over the past year, significant investments have flowed into these funds. Experts advise caution due to high valuations. They suggest a long-term investment approach. Financial advisors recommend limiting exposure to these funds within the overall portfolio. Given the premium valuations of mid and smallcap funds, wealth managers have been asking investors to take a long-term view while allocating money and not expect high returns going ahead. Mumbai: Retail investors have continued to plough high sums into mid and smallcap mutual fund schemes as they chase high returns, despite elevated valuations and advisories on moving to safer ground. Retail investors have invested ₹20,255 crore into these mutual funds in the first three months of this financial year, accounting for 30% of total equity inflows of ₹66,689 crore. Association of Mutual Funds of India data also show that, over the past year, investors have poured ₹90,075 crore into these funds, accounting for 23% of total equity flows of ₹3.9 lakh crore."A lot of retail investors continue to chase past performance," said Harshvardhan Roongta, principal financial planner, Roongta Securities. "Returns from mid and smallcap funds for three and five-year periods have been very high compared to large caps, which has kept investor interest intact."Midcap funds returned an average 21.3% over the past three years and 27.4% over five years, according to Value Research data. Smallcap funds returned 21.94% in three years and 31.28% in five. The Nifty 50 returned 13.55 in three years and 18.58% in five."Investors are looking to get exposure to some of the faster-growing segments of the economy, reflected in their preference towards midcap and smallcap funds," said Dikshit Mittal, senior fund manager, equity, LIC Mutual Prudential Mutual Fund said in its monthly outlook report for July that both mid and smallcap indices continue to trade at significantly higher valuation multiples compared with historical averages, even though they have cooled off from their September 2024 highs. In terms of price to earnings (PE) ratio, the Nifty Smallcap 250 is at 32 and the Nifty Midcap 150 at 33.4, while the Nifty 50 trades at a PE of 21.7. According to a study by Whiteoak Capital, while large caps are quoting at a 10% discount to their five-year average, midcaps are at a 14% premium and smallcaps are at a 28% premium to their long-term the premium valuations of mid and smallcap funds, wealth managers have been asking investors to take a long-term view while allocating money and not expect high returns going ahead."Aggressive investors should allocate only 10-15% of their equity portfolio to the mid and small cap space," said Vishal Dhawan, founder, Plan Ahead Wealth Advisors. Dhawan urged investors to stagger investments using SIPs and have at least a 10-year view, else they are likely to be disappointed.
Time of India
5 hours ago
- Time of India
54-year-old housewife defrauded of 1.6cr in job, crypto investment scam
1 2 Hyderabad: A 54-year-old housewife from Mehdipatnam lost over 1.6 crore to fraudsters running an online part-time job and cryptocurrency trading scam. On June 2, the victim received a WhatsApp message offering a steady income for posting online reviews. After clicking the link in the message, she was added to a Telegram group. The group's administrators persuaded her to invest in cryptocurrency via a weblink, ' You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad "I initially invested 2,000 and received 2,800 in return. Encouraged by the administrators, I began investing incrementally," the victim said. Between June 17 and July 25, she transferred more than 1.6 crore across 24 bank transactions. During this time, she received 89,800 in 59 transactions. These early returns created the illusion of legitimacy. However, within weeks, the fraudsters began demanding increasingly large sums, citing issues such as credit score errors, taxes, and service charges. " When I refused to pay more, they threatened to freeze my trading balance of 1.6 crore unless I paid an 80% 'unfreeze fee'. That's when I realised it was a scam ," she told cyber crime police. Following her complaint, cyber crime police registered a case on August 2 under BNS against unknown individuals. Tech analysis revealed the defrauded sum was routed through 30 beneficiary bank accounts.
Economic Times
7 hours ago
- Economic Times
Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors
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