Nifty Realty index delivered 110% last year; check out the hot stocks among fund managers
Rising affordability and stable interest rates have resulted in higher sales of residential properties. Policy support from the government by way of up to 100 percent FDI for townships and settlements, and rising commitment from the PM Awas Yojana have also aided realty companies
The Nifty Realty index (total return variant) delivered robust returns of 110 percent over last year, outperforming all other equity indices. Experts attribute this to rising real estate prices and increasing demand. Realty companies reported better revenue growth, higher margins, and profitability, which helped improve investor sentiment. Deepak Jasani, Head, Retail Research, HDFC Securities, says, “Rising affordability and stable interest rates are resulting in higher sales of residential properties. Policy support from the government by way of up to 100 percent FDI for townships and settlements, and a rising commitment from the PM Awas Yojana has also been helpful. The Indian real estate sector has witnessed strong private equity investment over the last few years.” However, Jasani cautions that demand for offices and houses remains unmet even now. So, the pace of rise in the realty index could moderate hereon, and we could see some temporary corrections in the index. Here are the realty stocks that fund managers of actively managed equity schemes have added over the last three months. Source: ACEMF. Portfolio data as of April 30, 2024
2/10
Prestige Estates Projects No. of active equity schemes that added the stock in the last three months: 20 Total no. of active schemes holding the stock: 67 M-Cap type: Midcap
3/10
DLF No. of active equity schemes that added the stock in the last three months: 10 Total no. of active schemes holding the stock: 111 M-Cap type: Largecap
TARC No. of active equity schemes that added the stock in the last three months: 6 Total no. of active schemes holding the stock: 7 M-Cap type: Smallcap
Puravankara No. of active equity schemes that added the stock in the last three months: 3 Total no. of active schemes holding the stock: 3 M-Cap type: Smallcap
Sunteck Realty No. of active equity schemes that added the stock in the last three months: 3 Total no. of active schemes holding the stock: 10 M-Cap type: Smallcap
7/10
Godrej Properties No. of active equity schemes that added the stock in the last three months: 2 Total no. of active schemes holding the stock: 41 M-Cap type: Midcap
8/10
Kolte-Patil Developers No. of active equity schemes that added the stock in the last three months: 2 Total no. of active schemes holding the stock: 8 M-Cap type: Smallcap
Sobha No. of active equity schemes that added the stock in the last three months: 2 Total no. of active schemes holding the stock: 55 M-Cap type: Smallcap
10/10
Anant Raj No. of active equity schemes that added the stock in the last three months: 1 Total no. of active schemes holding the stock: 8 M-Cap type: Smallcap
