I hope not a precursor of things to come As has been in the past the railways which employs huge amount of manpower and is an infrastructure industry that can provide a huge fillip to economic growth is not likely to add to economic growth in the next year and maybe also the following years […]
Read MoreAlthough the budget by definition is supposed to be just a statement of the income and expenditure of the government, in India specifically it carries a greater weight age mainly due to the fact that it actually ends up being a policy statement of the government for all segments of the economy and is also […]
Read MoreHaving 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 […]
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