Bottom fishing in MFs

In the recent market turmoil MFs have not been spared. In absence of FIIs buying, MFs and local institution has tried their bit.

Funds who were top performer for past few years have taken quite a beating. Most of them are some where close to 15-20%.

Here is the list of few funds for your shopping list. If you missed the train earlier here is the chance to catch it from long term perspective.

MF NAVs	52-wk	Current	% Change
Rel NRI Eq	40.1	33.8	-15.7107
Kotak Opp	56.3	48.09	-14.5826
DSP ML Tiger	62.4	52.38	-16.0577
Rel Growth	491	401.79	-18.169
ING Dom Opp	44.9	38.24	-14.833
UTI Infra	50.7	42.8	-15.5819
Sundaram Mid	155.4	125.38	-19.3179
Magnum Contra	64	53.63	-16.2031
Magnum Global	70.4	57.52	-18.2955
JM Basic	40.8	34.08	-16.4706
JM Emerging	20.7	16.93	-18.2126
Rel Diver	87.7	74.84	-14.6636

Heard on the Street

Fed Rate Cut Happend on Tuesday Night: Good For Market

RBI Rate Cut Expected on Next 10 Days: Good For Market

Next Fed Rate Cut Expected on Next 10 Days: Good For Market



I am BULLISH!
I am BULLISH!
I am BULLISH!!!
I am BULLISH!!!!!!
I am BULLISH!!!!!!!!!!!!



But Still a word of Caution Came from Some Informed Circles still Believe that the Market can test the 15k level in next 15 days....

A good option to Hedge your Portfolio to any Risk of a Market Crashis to BUY a Put Option of some Highly volatile stock such as ISPAT, JP Hydro, Nagarjuna Fertilizer, RNRL or ADLABS.

BHEL and L&T news snippet

Just In - BHEL bags order of Rs 2500 cr for Tamil Nadu power plant.
Equipment major Bharat Heavy Electricals Ltd (BHEL) on Tuesday said it has bagged a Rs 866-crore order from Reliance Industries for setting up a 345-MW captive power plant in Maharashtra.
This is the first commercial order on BHEL for an ‘advanced-class Frame 9FA’ gas turbine and will open up a new line of business for the company.

BHEL is currently quoting at 2148

L&T has bagged order worth Rs 1,057 crore in Middle East.
L&T may form a JV with US arms major Lockheed Martin to develop Mark 41 Vertical Launching Systems in India.
L&T gets Bhel-like privileges, may power super-critical drive.Private sector engineering major L&T is being officially promoted as the Bhel-II


L&T is currently quoting at 3751