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Reliance Capital AMC has implemented a series of on-ground initiatives that truly enable distributors to meet and overcome some of their significant challenges. An AMC that has always had a reputation of being distributor friendly, has proven the old adage again : a friend in need?. is a friend indeed! Himanshu Vyapak, National Sales Head, takes us through some of the key highlights of these initiatives? New! |
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S.Nagnath, President & CIO, DSP Blackrock discusses factors that help the fund house consistently top the charts on equity performance New!
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De-mystifying the Union Budget : HDFC Mutual Fund's budget analysis New! |
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Rajiv Anand spoke with us within a couple of hours after the FM made his Budget speech in the Parliament. Rajiv gives us his assessment of the Budget from an equity as well as fixed income markets perspective. New!
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Vetri Subramaniam spoke with us a couple of hours after the Union Budget was presented in Parliament. He analyzes the budget and also offers some interesting observations on globally correlated markets |
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Alroy Lobo of Kotak Mutual Fund believes that policy actions in India and abroad will impact markets very significantly this year. In India, markets will focus on the measures the Government takes to cut its fiscal deficit ? a number below 6% will bring cheer.
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Alok Singh of Fortis Investments believes that 10 year gilts should trade between 8% - 8.5%. His message to advisors : time to start talking to your clients about duration funds - and get ready to invest in the second half of March 2010. |
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Jayesh Gandhi has made quite a mark for himself with the impressive performance of the Morgan Stanley ACE Fund - and is beginning to get the tag of "alpha generator" in market circles. Jayesh believes we will see a repeat of the 2003-2007 growth phase - but also spells out what can derail this growth story?
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Prashant Jain, ED & CIO of HDFC Asset Management shares his views on this market correction and opportunities that lie beyond it. Indian markets are clearly correlated with global markets. However, the Indian economy is not : therein lies the opportunity to buy into the India growth story at a time when the Indian market suffers as a consequence of world market gyrations. |
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Nandkumar Surti, CIO, JP Morgan Mutual Fund, believes this is a great time to invest in short term bond funds and that long duration funds are best avoided. JP Morgan's newly launched short term bond fund is well placed to capture opportunities that the Feb-Mar period usually provides each year.
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Anup Maheshwari of DSP Blackrock believes markets will trade in a wide band this year - much like they did in the 90's. The Sensex can trade between 13,000 and 20,000 levels this year. Global factors are causing this selloff - fundamentals of Indian companies continue to remain robust. He believes range bound markets offer great opportunities to stock pickers to deliver alpha. |
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A. Balasubramaniam, CEO, Birla Sun Life Mutual Fund, believes that the global newsflow has provided a good reason for a healthy correction. This will pave the way for greater flows into Indian markets from domestic as well as overseas sources. He expects markets to move in 2010 within a trading range of 15,000 at the bottom to 19,000 at the top.
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Harshad Patwardhan of JP Morgan Mutual Fund sees a repeat of the 2003-2007 period for corporate earnings. He worries though about the extent of new equity issuances that are slated to hit the market - and their negative impact on secondary markets?. |
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Markets seem to be in correction mode. But what does this mean for investors and advisors? Should you be using this correction to add to client positions in equities or should you be taking profits on existing investments? Amit Nigam of Fortis Investments gives us his perspective on the domestic and international factors that are influencing markets. He expects the Nifty to trade between a band of .....
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Gold hit an all time high of US$ 1,225 before falling back to under US$ 1100 levels in recent days. A resurgent dollar and the sharp correction in gold is making some advisors wonder : is this the end of the road for gold? Ruchir Parekh of AIG Investments gives us his perspective...... |
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Rajiv Anand, CEO, Axis Mutula Fund provides his business outlook for 2010
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Nimesh Shah, CEO, ICICI Prudential AMC discusses his 2010 business outlook |
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Sundeep Sikka, CEO, Reliance Capital Asset Management discusses 2010 business outlook
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Ved Prakash Chaturvedi, MD, Tata Asset Management discusses 2010 business outlook |
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Sandesh Kirkire, CEO, Kotak Mahindra Asset Management discusses 2010 business outlook
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Anthony Heredia, CEO, Morgan Stanley Asset Management discusses 2010 business outlook |
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Saurabh Nanavati, CEO Religare Mutual Fund discusses 2010 Business Outlook
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T.P. Raman, MD, Sundaram BNP Paribas Asset Management 2010 discusses Business Outlook |
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Fidelity International provides its Indian and Global Market Outlook for 2010
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Navneet Munot takes off his CIO hat and takes a wide angled view of the world in 2009 and the key events and people who shaped the year. From "Lula" to Michael Jackson to the Nano, to Sachin Tendulkar, to Tiger Woods - he looks at a breathtakingly wide spectrum of personalities who left their indelible imprint on 2009 - to arrive at his Man of the Year - 2009??. |
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Amit Nigam, Senior Portfolio Manager - Equities, Fortis Mutual Fund discusses his views on markets and sectors. Of particular interest is the fact that Fortis is one of the few fund houses that manages a fund that invests in the two biggest global growth stories today : China & India. And, unlike what most people believe, the two markets do not always move in tandem - offering a diversification benefit in addition to a play on the biggest global growth stories
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Narayan Ramachandran, Country Head for Morgan Stanley Group in India believes that the equilibrium between investors, distributors and AMCs has got disrupted. The pendulum has swung too much towards the investors - which may hamper the industry's growth and market penetration efforts. The industry will need to influence the wider universe to bring a better balance and drive growth. |
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Navneet Munot, CIO, SBI Funds Management does not buy into the V shaped global recovery theory although markets seem to be behaving that way as powerful deleveraging forces are likely to mute growth over a long period of time in the US. The road ahead for the Indian market is likely to be driven by earnings upgrades rather than external factors - and there is one factor above all else that Navneet will track to determine the pace and extent of earnings upgrades in the months ahead ?..
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Nilesh Shah of ICICI Prudential - one of the most respected CIOs in the mutual fund industry, provides a clear perspective on some of the key questions that advisors face today : What should advisors tell their clients, now that markets are at 17000? Are trigger based products a solution when clients insist only on timing the market through lumpsum investing instead of sticking with SIPs? Will RBI's monetary tightening trip up the markets? Will a strengthening dollar and a feeble global recovery impact our markets? |
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Excesses over the last 15 years can't get corrected in 1 year - says Srinivas Rao of HDFC AMC - manager of HDFC Growth Fund and co-manager of HDFC Infrastructure Fund. While he is optimistic about the recovery in India, he clearly believes that there could be more pain ahead in some of the developed markets including US.
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Tata Mutual Fund has always been known for its investor friendly dividend policy. It has now gone a step ahead ? with the launch of its innovative automatic dividend trigger option ? a facility that puts the dividend decision directly in the hands of the investor. Ved Prakash Chaturvedi talks about this new facility and also shares his thoughts on markets. |
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Axis MF - the exciting new AMC - aims to grow quickly into the top 10 league. Rajiv Anand spells out his plans and introduces his team that is going to deliver on this challenging target. Don't be surprised if you find Axis buying out some of its competitors....
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Is value style investing relevant in India? Fidelity’s extensive research has come up with some fascinating answers.
Value style seems to have handsomely outperformed growth style – not just in mature markets, but in emerging markets including India as well. A focus on valuations and value style pays off in all markets – a factor that has prompted Fidelity to launch the Fidelity India Value Fund.
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Is this the beginning of a deep market correction?
Vetri Subramaniam of Religare says divergences in bond and stock markets in US are noteworthy as it could signal a possible trend reversal. While Dubai has hogged the headlines, Vietnam and Greece too have issues – which can signal reduction in global risk appetite.
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Top-down or bottom-up : what works best in India? Sunil Singhania, Senior
Fund Manager, Reliance Capital AMC tell us what works best for the market
leader - at the Wealth Forum Platinum Circle Advisors Conference. |
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Alok Singh believes RBI has implemented phase 1 out of the 3 phases in its tightening measures.
The next two phases can be expected in the near term. The good news however is that bulk of the interest rate increases, he believes are actually behind us and not ahead of us.
11 Nov 09 |
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Lakshmi Iyer of Kotak Mahindra AMC makes a persuasive case for using ETFs as a vehicle to increase retail penetration in equity markets and mutual funds. |
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Sandeep Kothari discusses sector preferences and market valuations
The fund manager of Fidelity’s flagship Fidelity Equity Fund is underweight energy, materials, industrials and telecom and overweight consumer discretionary, healthcare and financials
23 September, 2009
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Ruchir Parekh sees good value in corporate bonds –
especially in the 4-5 year segment
AIG’s Fixed Income Head does not put out target 10 year yields, but is getting increasingly bullish at every uptick. He believes structuring issues may restrain FMPs from regaining their lost glory
09-Sep-09 |
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Vetri Subramaniam cautious about capex cycle and commodity prices
Religare’s CIO is bullish about the domestic consumption theme but cautious about many other sectors as the capex cycle has not yet resumed and global commodity prices seem to have run ahead of actual demand pick up
18 September, 2009
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Anil Bamboli increasing G-Sec allocations; doesn’t see rates
rising too much from current levels
HDFC’s fixed income fund manager believes that supply will be muted going forward and the yield curve is already quite steep. He is positioning his short term funds to capture this steepness.
10-Sep-09 |
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Amitabh Mohanty sees opportunities in the 2-3 year bucket in the yield curve
Reliance’s CIO – Fixed Income believes that investors should use rallies to
trim positions in duration funds as interest rates are headed upwards.
Inflation and fiscal deficit numbers could be worrisome for debt markets.
09-Sep-09 |
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Nandkumar Surti sees inflation in Mar 10 at 9%,
well above consensus estimates
JP Morgan’s Fixed Income Head sees inflation heading higher than most, sees the 10 year benchmark stabilising at 7.5% - 7.75% range in the near term and advises investors not to look at short term funds at present.
09-Sep-09 |
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Ashish Nigam bullish on taking credit calls to ride the economic recovery
Religare’s Fixed Income Head sees credit rating upgrades in the months ahead as India’s economic recovery gains momentum and has specific products in his portfolio that are geared to take advantage of this scenario
09-Sep-09
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Ruchir Parekh sees good value in corporate bonds –
especially in the 4-5 year segment
AIG’s Fixed Income Head does not put out target 10 year yields, but is getting increasingly bullish at every uptick. He believes structuring issues may restrain FMPs from regaining their lost glory
09-Sep-09 |
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Mahendra Jajoo expects the yield curve to flatten, with short
term rates playing catch up
Tata’s Fixed Income Head believes that while the trend in interest rates is clearly up, some positive surprises could include disinvestment proceeds,
3G licence issuances. Trading opportunities abound and dynamic / flexi funds are currently well positioned
09-Sep-09
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Dhawal Dalal bullish on NBFC paper; advocates long term FMPs to
capture attractive corporate spreads
DSP Blackrock’s Fixed Income Head believes 10 year yields will drift down to 7.25% in the near term, while short term yields should start inching up. A key technical level to watch out for is 7.6% for the 10 year paper
08-Sep-09 |
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Lakshmi Iyer : short end is liquidity vulnerable and long
end is supply vulnerable
Kotak’s Fixed Income Head does not expect the short end to remain insulated for much longer. She advocates 1 to 1.5 year FMPs to capture
corporate yield spreads
08-Sep-09
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Huzaifa Husain
AIG
Investments
28 August, 2009 |
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Srividhya Rajesh : earnings upgrades will be the key driver
for markets, going forward
Sundaram BNP Paribas’ equity fund manager believes mid-caps offer better value than large caps at present. Bullish on infrastructure and
domestic consumption themes.
28 August, 2009
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