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Time of India
5 days ago
- Business
- Time of India
Investors pump over Rs 30,000 crore in flexi-cap mutual funds in H1 CY2025. Is all-cap exposure a new favourite?
As the flexi cap mutual funds have continued to dominate investors ' preference by receiving the highest inflows among all equity mutual fund categories in the first half of the current calendar year, market experts are of the opinion that these funds are attracting huge inflows due to their versatility to invest across market caps—large, mid, and small. 'In a market where leadership is rotating and volatility is high; investors prefer funds that allow managers to dynamically allocate capital to the most promising segments. This adaptability is appealing in 2025 as mid and small caps have seen sharp movements, and investors are looking for stability with upside potential. Additionally, the category has a broad appeal for both moderate and growth-oriented investors, Sagar Shinde, VP Research at Fisdom shared with ETMutualFunds. Also Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo In the first half of the current calendar year, the flexi cap funds have received an inflow of Rs 31,532 crore, according to the last data declared by Association of Mutual Funds in India (AMFI). Since March 2025, these funds have continued to receive the highest inflows among all equity mutual fund categories and in the last six months, flexi cap funds have received the highest inflow in May of Rs 5,733.16 crore, the AMFI data said. According to the Sebi mandate, flexi cap funds should have a minimum investment in equity and equity related instruments of around 65% of total assets and these are open ended dynamic equity schemes investing across large cap, mid cap, small cap stocks. Live Events Flexi cap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the market. With the fund managers having the flexibility to invest across market capitalisations and sectors/themes, Shinde firmly says that yes, the ability to invest across market caps makes flexi cap funds well-suited for the current environment, where macro trends and earnings visibility vary across sectors and market segments and their dynamic allocation helps navigate volatility and capture upside across the spectrum. He further adds that while inflows have been strong, it reflects growing investor confidence rather than overcrowding, especially since the universe of opportunities remains wide and the key lies in the fund manager's ability to stay nimble and selective. Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend In the first half of the CY2025 (January 1 to June 30), flexi cap funds offered an average return of 1.89% with Tata Flexi Cap Fund and Kotak Flexicap Fund offering 9.20% and 9.01% returns respectively. Samco Flexi Cap Fund lost the most of around 9.69% in H1 CY2025. Parag Parikh Flexi Cap Fund offered 5.29% return in the first half of 2025. ETMutualFunds looked at the performance of flexi cap funds from March to June as well because since March these funds have been continuously topping the inflow chart among all equity categories. Between March to June, flexi cap funds have offered an average return of 18% with Samco Flexi Cap Fund offering the highest return of around 24.33%. Invesco India Flexi Cap Fund offered 23.04% return. Parag Parikh Flexi Cap Fund gave the lowest return of 11.03% from March to June. Post looking at the performance of these funds, Shinde recommends investing in flexi cap funds via SIPs as it allows investors to average out entry points during market volatility. 'SIPs help reduce timing risk and build long-term exposure systematically. While valuations in parts of the market may look stretched, delaying investment completely may lead to missed opportunities. For those concerned about near-term consolidation, continuing or starting an SIP remains a prudent route,' he added. In the first half of 2025, Nifty 100 - TRI has gone up by 6.98%, Nifty Midcap 100 - TRI has gone up by 4.25% and Nifty Smallcap 100 - TRI have gone up by 0.83%. Also Read | Mazagon Dock and CONCOR among stocks bought and sold by mutual funds in June According to Shinde, the outlook for flexi cap funds remains constructive and given their mandate to shift between market caps, they are well-positioned to benefit from sectoral and cyclical shifts. 'As markets evolve and valuation gaps emerge across segments, skilled fund managers can take advantage of these opportunities. However, performance will depend on the manager's ability to read market signals and rebalance effectively. Over the medium to long term, flexi cap funds should continue to deliver competitive returns, especially for investors seeking diversification and active management,' he added. Flexi cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in these schemes with an investment horizon of five to seven years. If you are looking for recommendations, see: Best flexi cap mutual funds to invest in July 2025 ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
5 days ago
- Business
- Business Standard
Groww plans to launch new trading terminal for professional traders
Stock broking firm Groww is planning to roll out a new trading terminal designed specifically for experienced and professional traders. The upcoming terminal, named '915', will be India's first fully custom-built trading platform. "915 will cater to high-volume traders and will be hosted outside the Groww app," market sources said. Under this, traders would be able to customise their unique dashboards based on their distinctive trading styles and data resources. While the company did not respond to queries regarding the launch, industry insiders believe that Groww is aiming to deepen its engagement with 'pro' and full-time traders. The new terminal will specifically serve those who seek high performance, advanced tools, and a fully customisable trading workspace. The key features of the platform include historical straddle charts, highly customizable dashboards, a real-time P&L chart, and fast order execution. This initiative is part of Groww's broader efforts to diversify its product offerings and appeal to a wider segment of the investor community. Earlier this year, Groww signed a definitive agreement to acquire wealth-tech startup Fisdom, bolstering its presence in the wealth advisory space.
Time of India
07-07-2025
- Business
- Time of India
Mutual fund SIP guide: How to invest for the rest of 2025
As the second half of the year kicks off, mutual fund investors using the SIP route may be thinking about their next move — whether to continue as is, increase their investments, or adjust their strategy — especially with markets showing strength but also some short-term volatility , to which experts recommends that investors should stick to their SIPs regardless of market levels. 'Rather than reacting to highs or corrections, the focus should be on time horizon and goals. SIPs work best when held over the long term, allowing rupee cost averaging to play out. Adding a step-up every year—say by 10–15%—can significantly boost corpus over time without relying on market timing,' Sagar Shinde, VP of Research at Fisdom, shared with ETMutualFunds. Also Read | Mid and small cap allocation rises across equity and hybrid funds, buying opportunity in 7 sectors: Quant Mutual Fund Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Option Trading Mastery: Mr. Gopal Shares His Laxman Rekha Strategy For Free TradeWise Learn More Undo According to Association of Mutual Funds in India (AMFI), SIP is a simpler approach to long term investing is disciplining and committing to a fixed sum for a fixed period and sticking to this schedule regardless of the conditions of the market. Another expert, while mentioning what SIP is, said that in past corrections—such as the 2020 market fall—investors who continued their SIPs ended up buying more units at lower NAVs, which lowered their average cost per unit and when markets recovered by 2021, this led to higher portfolio growth. Live Events 'In contrast, during high valuation periods (like Jan 2022 or May 2025), the same SIP amount buys fewer units, but historical data shows the value of previously accumulated units rises. Despite market volatility, SIP inflows in India touched Rs 26,688 crore in May 2025, reflecting continued participation across market phases,' Chakravarthy V, co-founder and Executive Director of Prime Wealth Finserv told ETMutualFunds. In the first half of the current calendar year, sectoral and thematic funds have ruled the return chart and offered upto 32% return in the same period. The first 46 funds were sectoral and thematic funds. Looking at the average return offered by the equity categories, banks & financial services funds have offered the highest average return of 12.29% followed by international funds which gave 9.03% average return. Large cap funds outperformed mid caps and small caps and gave an average return of 4.87% whereas mid cap funds gave an average return of 1.44% and small cap funds lost 2.13% in the first half of the current calendar year. Also Read | Arbitrage Funds vs. Liquid Funds: Which one is right for you? Out of 21 categories, 16 gave positive returns whereas five gave negative average returns. Technology funds lost the most of around 4.44% followed by pharma & health care funds which lost 3.54% in the same period. Post analysing the performance by equity mutual fund categories in the first half of CY2025, Shinde advises flexi cap, large cap, and focused equity funds as the strong SIP candidates today due to their ability to navigate market cycles. For more conservative investors, hybrid and multi-asset funds offer diversification across asset classes and help manage short-term volatility, he added. Chakravarthy V said that after looking at AMFI data as of May 2025, small-cap and mid-cap categories have shown the highest 10-year SIP CAGR—ranging between 22% to 26% and a Rs 10,000 SIP in certain small-cap funds has grown to Rs 49 lakh in 10 years but these categories also showed larger drawdowns during volatile periods. 'Sectoral and thematic categories, like infrastructure and manufacturing, have also seen strong short-term growth but are known to follow cyclical patterns. In contrast, multi-asset and hybrid categories have delivered 12–16% CAGR over the past 10 years, with historically lower volatility and drawdowns compared to pure equity categories,' Chakravarthy V further explained. According to the monthly SIP contribution data by AMFI (Jan- May), in the current calendar year so far, the total SIP contribution has been nearly Rs 1.31 lakh crore against Rs 98,571 crore in the same period a year ago. Till the last available data, the SIP contribution has surged from Rs 26,400 crore in January to Rs 26,688 crore in May. In the current financial year so far, the total SIP contribution by the investors have been approximately Rs 53,320 crore. Many experts recommend that step-up SIP allow investors to incrementally raise their contributions, adapting to increasing income and changing financial goals. With gold, silver, and equity market rallying and investors confused about which one to choose for investment, the market experts are recommending that given the current geopolitical backdrop, political uncertainty, and global inflationary pressures, investors should prioritize a multi asset strategy as diversification helps in mitigating risk during turbulent times. Also Read | Best mutual funds to invest through SIPs in July 2025 So, considering these factors, the important thing to know is whether step-up SIP is wise now and whether investors should consider hybrid or multi-asset funds. While addressing this, Chakravarthy V says that from a purely mathematical perspective, increasing SIP contributions each year tends to result in a higher final corpus, suppose a Rs 10,000 monthly SIP for 10 years at 12% CAGR results in a corpus of around Rs 23 lakh but if the SIP amount is increased by 10% annually, the final amount crosses Rs 35 lakh—a 50%+ increase driven entirely by rising contributions. 'Separately, funds that follow hybrid or dynamic asset allocation strategies have historically adjusted their equity exposure during high-valuation periods. For example, in early 2018 and late 2021, some of these funds reduced equity to as low as 30–40%, aiming to limit downside during subsequent corrections,' he added. Believing that step-up SIP is a smart move for the second half of 2025 especially if income has grown, Shinde advices that for new SIPs, hybrid or multi-asset funds are a good starting point, offering a balanced approach to growth and stability in uncertain markets. One should always invest based on their risk appetite, investment horizon, and goals. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Time of India
23-06-2025
- Business
- Time of India
International mutual funds offer 14% average return in 1 year. Are global markets the new hotspot?
International mutual funds have delivered an average return of 14.5% over the past year, ranking second among all fund categories. Market experts attribute this performance to a strong rally in U.S. tech stocks, a rebound in Chinese equities, and improved investor sentiment across European markets. 'A softer dollar, easing inflation, and a global shift toward rate cuts—already initiated by some central banks—have supported risk assets. While some volatility may persist, the broader orientation is supportive, making this a good time to start SIPs/STPs rather than wait for a better entry,' Sagar Shinde, VP of Research at Fisdom, shared with ETMutualFunds. Also Read | Explained: How thoughtful asset allocation enhances mutual fund performance? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Another expert, comparing the returns of international mutual funds with the Nifty50 over the past year and month, noted that these returns are significantly influenced by global geopolitical events, such as Trump-era tariffs, speculation around the upcoming U.S. elections, and shifting trade agreements, making international funds more event-driven and volatile. 'Over the long term, Indian markets are much more consistent compared to international funds, which shows that domestic funds have higher return potential with a wide range of categories to pick from,' Chirag Muni, Executive Director, Anand Rathi Wealth Limited, shared with ETMutualFunds. Live Events According to Chirag, if we look at the long-term risk adjusted returns of global markets, the U.S. and Indian markets have shown better efficiency compared to China, Hong Kong and Japan and in recent months, international markets have seen sharp, event-driven rallies like China's stimulus-led surge or U.S. trade-related volatility, but these are often short-lived. There were 66 international funds which have marked their presence in the last year, and out of these, 44 gave double-digit returns, 21 gave single-digit returns, and one gave a negative return. DSP World Gold FoF offered the highest return of 70.47% in the same period. Mirae Asset Hang Seng TECH ETF FoF and Mirae Asset NYSE FANG+ETF FoF gave 52.06% and 41.06% returns, respectively, in the said period. PGIM India Global Equity Opp FoF gave the lowest single-digit return of around 0.07% in the mentioned period. Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF lost 1.70% in the same period. After reviewing the performance of international funds, Shinde suggests a 10–15% allocation for optimal diversification. He recommends keeping the U.S. as the core exposure, citing its innovation and strong earnings, while viewing China as a tactical or contrarian bet due to its low valuations and recent policy support. Also Read | Up 29% in 5 months! Should you invest or avoid gold mutual funds? 'These funds are best used for long-term allocation (5+ years). SIPs/STPs are more prudent in the current environment, helping average out market and currency volatility better than lump sum investing,' he adds. While refraining investors from investing in international funds and advising to shift focus on a well-diversified mix of domestic equity funds across categories and sectors, Chirag adds that if one looks for global diversification in the portfolio can explore only up to 5 -10% of the overall portfolio. 'International funds can offer exposure to global opportunities, but given its track record for volatility and uneven performance across global markets, investors are advised not to rely heavily on them. It is more suitable to do an SIP in diversified domestic equity funds over the long term, as they provide stronger long-term growth and better risk-adjusted returns. Trying to time global markets or chase short-term rallies is not advisable, as such moves are often driven by unpredictable events and can lead to poor investment outcomes,' Chirag said. Over the last three months, international funds have delivered an average return of 5.61%, and 8.58% over the past six months. DSP World Gold FoF topped the charts across both timeframes. Over the past three years, the best-performing economies included the US, Taiwan, and Nasdaq , while Greater China and some US-focused funds lagged during the same period. Post these funds offering single-digit average return in the short-term, Shinde mentions that the outlook for international funds remains constructive but nuanced and as several central banks—especially in Europe and emerging markets—have already begun their rate-cutting cycles, which supports global liquidity and risk assets. 'At the same time, global equities benefit from resilient growth, improving earnings, and attractive valuations outside the US. However, headwinds like rising trade tensions, tariffs, and geopolitical risks could cause intermittent volatility. Overall, international funds remain a valuable long-term diversification tool, with opportunities across the US, China, and selective global themes,' Shinde adds. While sharing India's strong economic outlook, IMF projections, RBI rate cut, and with a stable fiscal deficit projected at 4.4% for FY26 and strong tax revenues, macro fundamentals remain solid, Chirag advises investors not to go for international funds. Also Read | 14 equity mutual funds offer over 30% CAGR in 3 years. Are there any included in your portfolio? International funds invest across a range of geographies, commodities, and global indices. Markets like the NYSE, NASDAQ, the broader US economy, and Taiwan delivered strong performance, while regions such as Hang Seng and Greater China underperformed. Ultimately, a fund's returns hinge on the specific geography it's exposed to. That means you should pay extra attention to your investments in international funds. Pay extra attention to which geography or indices you are investing in. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and twitter handle.
Time of India
27-05-2025
- Business
- Time of India
Nifty up 13% from April's low. How should mutual fund investors alter their investment strategy?
With the benchmark index Nifty 50 up nearly 13% from April's low and touching 25,001 on Monday, market experts note that while many investors may consider profit booking, mutual fund investors, particularly those with a long-term outlook, are advised to stay invested. The recent highs reflect strong underlying earnings growth, supportive macro factors, and positive investor sentiment, rather than a signal to exit. 'Timing the market is challenging, and exiting prematurely could mean missing out on further upside or the power of compounding. That said, investors should use this opportunity to review their asset allocation and rebalance if their equity exposure has gone significantly above their target levels. Booking partial profits and reallocating to underweight asset classes, such as debt or gold, could be considered purely from an asset allocation standpoint—not as a reaction to the index level,' said Sagar Shinde, VP Research, Fisdom. Also Read | Nifty still below peak, but why are these mutual funds at record-high NAVs? Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3BHK Transformation Possible for ₹4.5 Lakh? HomeLane Get Quote Undo Another expert advocates the same opinion that unless one has short-term financial needs or the portfolio has deviated significantly from the defined asset allocation targets, staying invested is the wiser choice for long-term wealth creation, as the Indian economy remains on a strong footing, supported by robust earnings, government reforms, and macroeconomic stability. 'For long-term investors, trying to time the market based on index levels often results in missed opportunities. Instead of exiting the market entirely, consider rebalancing your portfolio—trim some exposure in overvalued sectors or schemes and reallocate towards laggards or more balanced options if needed. This allows you to capture gains while keeping your investments aligned with your financial goals,' recommends Adhil Shetty, CEO of Live Events The index stood at 22,161.6 on April 7, marking the lowest level in the current financial year so far. Over the past three months, it has risen by 10.22%, while its six-month gain stands at 2.60%. The Nifty 50 has gained 8.25% over the last year and 5.11% so far in the current calendar year. Nifty50 touched its 52-week high level on September 27, 2024 of 26,277 and is currently down by nearly 5% from its 52-week high level. As the benchmark index rises, experts recommend that investors continue their SIPs but exercise caution with lump-sum investments, advising them to stagger these investments over time. Shetty of Bankbazaar recommends that SIP (Systematic Investment Plan) investors should continue their regular contributions regardless of market levels as SIPs are designed to eliminate the need for market timing by investing a fixed amount at regular intervals, which helps average out the cost of units over time and this approach works particularly well during volatile or high market phases, as it ensures discipline and allows investors to benefit from market corrections through rupee cost averaging. 'On the other hand, investors with lump-sum amounts should be cautious when the market is at all-time highs. Rather than deploying the full amount at once, consider a staggered investment strategy—spread the investment over 3 to 6 months or even longer through Systematic Transfer Plans (STPs) into an equity fund. Alternatively, deploying the lump sum can offer exposure to equities while managing downside risks. This measured approach helps reduce regret from potential short-term corrections and aligns better with long-term wealth-building goals,' he added. Also Read | 30 equity mutual funds multiply lumpsum investments by over 2 times in 3 years To continue with the SIPs in the current market scenario, Shinde adds that lump-sum investors, however, should adopt a staggered approach as deploying the entire amount at current levels could expose them to short-term volatility. 'A Systematic Transfer Plan (STP)—where the lump sum is parked in a liquid or ultra-short duration fund and gradually moved into equities—can be an effective method to mitigate timing risks. Alternatively, if the investor has a medium- to long-term horizon, partial deployment in balanced advantage or multi-asset funds can serve as a middle ground, offering market participation with downside buffers,' Shinde adds. ETMutualFunds looked at the performance of equity mutual fund categories since the April low and found that out of 21 categories, 19 offered double-digit average returns and two gave single-digit returns in the same time frame. Since April 7, the Auto sector based funds offered the highest average return of 18.30%, followed by technology based funds which gave 17.04% average return in the same period. International funds gave 16.07% and infrastructure funds gave 14.86% average return in the same period. Midcap and smallcap funds gave 14.82% and 14.71% respectively since April's low level. Contra and largecap funds were last in the list of double-digit gainers. The categories gave 11.77% and 11.22% respectively in the mentioned period. Consumption based funds and pharma and healthcare funds gave 9.83% and 8.50% average returns respectively in the mentioned period. Post the categories gaining in double-digits and market above 25,000 mark, Shinde advices investors fresh investments at market highs should be made with a margin of safety and diversification in mind and for new investors, it's important not to shy away from equity markets entirely—rather, the focus should be on how and where to deploy capital. Also Read | Planning to invest Rs 10 lakh for up to 2 years? Shiv Gupta of Sanctum Wealth recommends this 'Conservative hybrid funds or balanced advantage funds (BAFs) offer a prudent starting point. These funds dynamically manage equity exposure based on valuations and volatility, making them ideal for entry during elevated market levels' 'Flexi-cap and multi-cap funds are also well-suited for long-term investors due to their allocation flexibility across market capitalisations. For global diversification, international funds—especially those focused on US or developed markets—are also attractive, given their recent rebound and long-term growth potential. In short, invest, but do it with a category that aligns with your risk appetite & time horizons,' he further added. On the similar lines, Shetty advices that quality-focused index funds that invest in fundamentally strong companies can offer consistent returns with relatively lower risk and the key is to match the investment horizon and risk tolerance with the right fund category and investing through SIPs or staggering the investment through STPs (Systematic Transfer Plans) can further reduce timing-related risks. 'Investing at market highs requires a disciplined and cautious approach, especially for new investors who may be concerned about near-term corrections. Rather than shying away from investing altogether, new entrants can consider fund categories that offer built-in risk mitigation and asset allocation flexibility. Quality-focused index funds that invest in fundamentally strong companies can offer consistent returns with relatively lower risk. The key is to match your investment horizon and risk tolerance with the right fund category. Investing through SIPs or staggering the investment through STPs (Systematic Transfer Plans) can further reduce timing-related risks,' the CEO of Bankbazaar advised. One should always consider risk appetite, investment horizon, and goals before making investment decisions. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
