Most of the fund managers believe that equity markets at present are fairly valued but continue to be positive for the next one to two years Majority - 78%, of the fund managers surveyed expect the market to be up in the range of 10-20% over the next one year. Returns expectation increases on two year investment horizon with 44% of the Fund managers expecting equity market to deliver 20%-30% return while 22% expect returns in range of 30%-40% or 40%-50% Midcaps and Smallcap stocks preference has reduced after there significant outperformance in the last one year, although they remain equally preferred alongwith large-caps Banking & Financial Services and Infra/Capital Goods are most preferred sectors while preference for Pharma and IT sector has reduced slightly. Auto, Cement and Construction sector has witnessed increased interest among the fund managers On the Fixed Income side, 50% of the fund managers surveyed expect repo rate cut by 50bps while 30% of them expect more than 50bps rate cut in the next one year 50% of them expect benchmark 10 year G-Sec yield to be lower than 8.00%, while within that 50%, 20% of them expect it to be below 7.75% and accordingly recommend G-Sec funds and Income with the fixed income category
Posted on: Wed, 08 Oct 2014 08:01:29 +0000
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