Crystal Gazing – Samvat 2079
Broad Themes
NIFTY could touch 20k sometime in this Samvat
NASDAQ and Tech companies should bounce back (quality pockets especially)
Interest rates would continue to inch higher and the 10 year government bond should be > 8%. Hence avoid any long term debt instruments
Gold could be a potential dark horse (SGB is the preferred vehicle)
Inflation will continue to rise and hence we feel equities will be the best asset class
Mutual Funds
Source AMFI- (All direct plans)
Why these Mutual Funds
Kotak Nasdaq 100 Fund of Funds
The fund is down > 25% since its highs and allocation should be limited to <5%. We feel it’s a good time for entering this fund to participate in the continued digitisation trend globally.
Parag Parikh Flexi Cap Fund
A great diversified equity fund with a value bias and an international “flavour”. We like the fund management team and advocate this as one of the best plays for the Indian Equity markets. SIP could be the best mode for fresh infusions here.
ICICI Technology Fund
Tech stocks in India are also down significantly in line with the global trend, however we continue to believe this is a consolidation and shakeout which will eventually benefit larger companies. A small allocation can be done in this fund as a 3/6m STP
Bonds & Deposits
Please note: Yields subject to change
Why these debt Instruments?
Navi 2023 NCD
For medium risk investors preferably in lower tax brackets. They can earn 10% and thereabouts with monthly interest payments and only a 1 year maturity
Arman Financial MLD
For High Risk high tax slab investors a decent NBFC available at double digit post tax returns with a 15 months investment horizon
ICICI Home Finance MLD
For Low risk high tax slab investors. Can generate 6.5% post tax returns
AU Bank SB A/c
Investors can look at this as a vehicle for keeping their emergency funds i.e. Upto a max of 10 lacs or 2.5% of their portfolio, whichever being lower. This helps generate high returns on idle balances.
Sovereign Gold Bonds
Gold we feel could be a dark horse in case of any uncertainty and Sovereign Gold Bond Funds we feel are the best instruments to capitalise here which generates annual interest and is also tax free if held till maturity. These bonds are also available for purchase and sale on stock exchanges
Stocks
Source: screener.in
Why these stocks?
Abbott
The stock price has consolidated for the past few years and looks ripe for an upmove on back of continued successful product launches, brand premium and earnings growth.
IIFL Wealth Management
Good annuity business. Leader in its segment and we believe should be a consistent compounder at 15%-20% for the next few years. Is also trading at lower than average PE.
ITD Cementation
Looks good on technical charts, a good play on the future infra story of the country with a low leveraged company.
Info Edge
In line with our broad belief about the tech selloff being overdone especially in quality stocks, we believe Info Edge is one of the best plays for tech participation in India.
HDFC Bank
Big Underperformer over last few years, we feel with the new management fairly entrenched now, the company’s stock price should do well in future – downside very limited
Disclaimer
All investment schemes are subject to variety of risks (market, interest, credit, etc.), read all schemes related documents carefully. The details and information provided shouldn’t be construed as an advice provided by GoalTeller in any way or form. The subject content is prepared by GoalTeller for general purpose information only and should not be construed as an offer or solicitation of any schemes or investment products.
The data compiled is from different sources and readers are urged to check the authenticity of this data for any action or inference made. GoalTeller and/or any of its officials or directors or owners are not responsible in any form for any risks that arise out of this document
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