Having been in the mutual fund industry for nearly 14 years I have seen it evolve from being an industry that was virtually nothing in the year 1995 when I joined SBI Mutual Fund as a research analyst to a significant and growing part of the long term saving of the Indian individual and corporate […]
Read MoreOver the last few months we have seen lot of commodities rally in line with the stock markets and improving sentiments on economic growth prospects. The weakness of the US Dollar has also helped the cause and we have seen commodities like copper and oil led this rally. In fact oil prices have more than […]
Read MoreI have observed over the years that particular class of funds and products become popular with investors at given points of time. This has been observed in the Fund industry over the last several years where products become fancied due to prevailing sentiments. One such product which is getting fancied at this point of time […]
Read MoreI believe that today we are on the threshold of a unique event in the world where there is an opportunity for investors to play via two carry trades alternately and that is something which has been made possible by extremely low short term rates both in the USA and Japan. This is a perfect […]
Read MoreThe pace and ferocity of the current rally in the stock markets is unprecedented. If one looks like a market like India the key indices which include the Nifty, Sensex, Mid cap indices etc. have all doubled or more in a period of just around 13 weeks. Like we have repeated a number of times […]
Read MoreOver the last few weeks I have increasingly been observing the phenomenon of lot of companies which had issued warrants to their promoters during the hey days of the late 2007 coming out with statements that the promoters have decided not to exercise the warrants. This in my view is a very serious issue which […]
Read MoreMost fund managers tend to prefer rising markets to falling markets, as the former tends to be better for the business in terms of more assets under management, higher fee revenues etc. However the market’s strong move up since early March has been at best a “mixed blessing”: most managers were positioned cautiously early in […]
Read MoreSince I could not think of a specific topic to talk on I just thought that I will talk on some random thoughts I have. Sovereign rating downgrades start – I had written on my blog on the 23rd of April on the Sanctity of Sovereign Ratings where I had argued that the process of […]
Read MoreAh the markets come a full circle. What we saw in the time period of October and November 2008 and subsequently after the Satyam scandal blew out in January to the early part of March 2009 were essentially “PANIC SELLING” and investors wanting to get out of stocks, especially mid caps at any price. Over […]
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