Wednesday, April 11, 2012
Interaction with Edelweiss Mutual Fund Manager
Mr. Dhilip Krishna – Fund Manager Equity, Edeliweiss Mutual Fund visited our Office on March 27 ,2012.It was an informative session with the Edeliweiss Team.They shared various information realted to Research , Client Servicing & other processes.This discussion gives us more insight & confidence on the process driven working of Edeliweiss Mutual Fund .
Saturday, April 7, 2012
MARKET OUTLOOK ARPRIL 2012
Market Outlook
The rally in equity markets paused in the month of March with Nifty posting negative return of 1.65%. FII continued buying Indian equities to the tune of 8,381 crore on the back of monetary easing in Europe. Gold lost 3.61% in the month while Crude oil declined marginally to $105.40/barrel. Inflation rose to 6.95% in the month compared to 6.55% in previous month.Though Govt. has put the fiscal deficit target for FY 13 at 5.1%, but it would be challenge for the Govt. to achieve this number as high crude oil prices and subsidy burden may prove obstacle.India Inc. has been hoping for reforms for very long time but nothing concrete has come out from Govt. side till now. We believe that any meaningful recovery in market will happen only when we
see pace of reform increasing and huge spending on infrastructure coupled with low interest rates. We believe that this state of inertia could not remain for long and something will come out from govt. side on increasing pressure from Industry and common man.We believe that market is likely to remain range bound for another quarter or two. Long Term investors should use intermittent corrections to accumulate equities for coming years.
We hold our advice to investors to keep buying equity mutual funds through SIP/ STP route to generate wealth over the long term. On debt side we continue recommending FMPs as Bank CDs and other CPs are available at very attractive rates. Apart from FMP, we advise adding income funds in your portfolio in gradual manner as we may enter soft interest regime in one or two.We maintain our view to hold 10% allocation to gold in the overall portfolio.
The rally in equity markets paused in the month of March with Nifty posting negative return of 1.65%. FII continued buying Indian equities to the tune of 8,381 crore on the back of monetary easing in Europe. Gold lost 3.61% in the month while Crude oil declined marginally to $105.40/barrel. Inflation rose to 6.95% in the month compared to 6.55% in previous month.Though Govt. has put the fiscal deficit target for FY 13 at 5.1%, but it would be challenge for the Govt. to achieve this number as high crude oil prices and subsidy burden may prove obstacle.India Inc. has been hoping for reforms for very long time but nothing concrete has come out from Govt. side till now. We believe that any meaningful recovery in market will happen only when we
see pace of reform increasing and huge spending on infrastructure coupled with low interest rates. We believe that this state of inertia could not remain for long and something will come out from govt. side on increasing pressure from Industry and common man.We believe that market is likely to remain range bound for another quarter or two. Long Term investors should use intermittent corrections to accumulate equities for coming years.
We hold our advice to investors to keep buying equity mutual funds through SIP/ STP route to generate wealth over the long term. On debt side we continue recommending FMPs as Bank CDs and other CPs are available at very attractive rates. Apart from FMP, we advise adding income funds in your portfolio in gradual manner as we may enter soft interest regime in one or two.We maintain our view to hold 10% allocation to gold in the overall portfolio.
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