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MARKET COMMENTARY

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Implications of a weaker currency

Sep 3, 2018

Should Investors Just Buy the Top Performing Large Caps and Be Done? Before we get to the Rupee, we’d like to briefly share some thoughts on recent market performance. There was a time as recently as a year back, when investors required a 4-5% outperformance by an active manager over the Nifty 50 as a…

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STRUCTURAL GROWTH DRIVERS REVISITED

Aug 20, 2018

Equities Structural reforms undertaken by the Modi regime are beginning to bear fruit. We’ve highlighted the benefits of structural reforms and how growth tends to come through at a lag. (See “Key Drivers for the Next Leg Up”, Oct 16, 2017). C.O.R.E Growth Drivers C.O.R.E is our acronym for easy reference to India’s key drivers…

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Analyzing the Case for Mid & Small Caps

Aug 6, 2018

Investors face two key issues today. One, with large caps delivering well, does one need to bother with mid caps and small caps? Two, with markets running up to new all time highs, is this a good time to invest? Is Owning Mid and Small Caps Worth the Risk? Following a period of unique mayhem…

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Monetary Policy Update

Aug 1, 2018

Repo Rate Hiked to 6.5%, Policy Tone Maintained Neutral The Reserve Bank of India today decided to hike the policy repo rate by +25 bps from 6.25% to 6.5% in a 5:1 vote in what was the RBI’s first 3-day MPC (vs. prior 2-days). The MPC maintained its neutral stance on monetary policy and commitment…

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