August 11, 2011
A Day after HDFC Fund Manager re-iterated the fundamentals of Indian Equities, Sr. Fund Manager from Reliance Mutual Fund, Sunil Singhania has also issued his assessment of the situation.
Mr. Singhania wrote in a communication,
We acknowledge that the headwinds to Indian equities have been significant over the last few months Read more
August 10, 2011
Sr. Fund Manager and the Largest Wealth Creator for Individual Investors in India, CIO of HDFC Mutual Funds Mr. Prashant Jain in a communication released just a while ago to Investors has asked to BUY the Indian Growth Story. Recall, on Oct-13, 2008, minutes after a conference call with Mr. Jain, we pushed the story – Best Time to Invest in Indian Equity and since then you have seen the returns of over 100% in 3 years and all HDFC Funds have beat this benchmark. [ Tax Free Returns ]
Excerpts from Today’s Communication to Investors by Mr. Prashant Jain, Read more
August 5, 2011
Indian market failed to build upon the June recovery and ended the month of July down -3.4%. The main factors contributing to the downfall are European Sovereign debt crisis, US debt ceiling deadlock and dampened appetite for risky assets. This coupled with a muted Q1FY12 results season held back Indian equities.
Domestic Factors – RBI the Bollywood Police – In Action but too Late – by raising policy rates by 50bps to 8% vs. expectations of Read more