With the grim covid situation India’s sensitivity to global liquidity is a risk for market condition. The pandemic and a slowdown of foreign institutional investors or FII to India ... Read more
With the grim covid situation India’s sensitivity to global liquidity is a risk for market condition. The pandemic and a slowdown of foreign institutional investors or FII to India is exposing markets vulnerability. In April, FII outflows from Indian equities were at $1.5b after six consecutive months of inflows. DIIs, however, were net buyers for second straight month. So, the question is how long domestic liquidity will support markets amid health crisis. To understand that Mint’s Nasrin Sultana is in conversation with Rohit Singhania, Fund Manager, DSP India. Read more
Pandemic stress and subsequent regional lockdown have not yet curbed the markets’ optimism for FY22 earnings. However, localized restrictions are expected to lead to some downward ... Read more
Pandemic stress and subsequent regional lockdown have not yet curbed the markets’ optimism for FY22 earnings. However, localized restrictions are expected to lead to some downward revisions in earnings, but that could be limited as large corporates are better prepared this time. A large economic damage like last year is unlikely to happen. The question is will second wave of covid delay earnings recovery in FY22? To discuss that Mint's Nasrin Sultana is joined by Hiren Ved, Director, CIO and CEO, Alchemy Capital Management. Read more
As more states are imposing stricter restrictions to control covid, mobility in the country is impacted. Even as ramp up in vaccination programme amid the brutal second wave in Ind ... Read more
As more states are imposing stricter restrictions to control covid, mobility in the country is impacted. Even as ramp up in vaccination programme amid the brutal second wave in India may see a limited economic impact, there is a fear that lockdowns will slow down business activities and will lower spending and income. Many economists have already downgraded their GDP target for FY22. What is the economic assessment of covid second wave and consequent regional lockdowns in India? To discuss that Mint's Nasrin Sultana is joined by Madan Sabnavis, Chief Economist, Care Ratings. Read more
There is a growing concern about the rise of covid cases and the second wave engulfing the country. Markets have lost around 8-9% from record highs touched in February while foreig ... Read more
There is a growing concern about the rise of covid cases and the second wave engulfing the country. Markets have lost around 8-9% from record highs touched in February while foreign institutional investors (FIIs) have turned net sellers of Indian equities first time in seven months. As more states have joined the worst-affected state of Maharashtra in entering quasi-lockdown possibly hitting consumer demand and overall economic revival. So, where are the markets headed now? Will corporate earnings revival reverse now? To discuss that Mint's Nasrin Sultana is joined by Pankaj Murarka, Founder, Renaissance Investment Managers. Read more
From lows hit in March last year after lockdown, small and midcap stocks outpaced Sensex which has gained over 70% in the period. Earlier in 2017, small stocks had a robust rally l ... Read more
From lows hit in March last year after lockdown, small and midcap stocks outpaced Sensex which has gained over 70% in the period. Earlier in 2017, small stocks had a robust rally leading to losses in following year as stocks with no fundamental support lost steam while valuations peak. But the tide has clearly peaked in FY21. The latest data showed that 9 out of 10 stocks sold by mutual funds in February were index heavyweights or large caps. So, to understand how are midcaps poised for in FY22 Mint's Nasrin Sultana is in conversation with Ankit Agarwal, Fund Manager, UTI Mutual Fund. Read more
The Insurance Amendment Bill 2021 is passed by parliament to increase FDI limit in the insurance sector to 74% from the current cap of 49%. Besides, country’s biggest insurance com ... Read more
The Insurance Amendment Bill 2021 is passed by parliament to increase FDI limit in the insurance sector to 74% from the current cap of 49%. Besides, country’s biggest insurance company LIC is gearing up to launch its IPO soon. LIC is also the biggest DII which invest directly into equities. So, to understand how these factors will change the landscape of the insurance industry in India, Mint's Nasrin Sultana in conversation with Shyamsunder Bhat, CIO, Exide Life Insurance. Read more
Market regulator Sebi has asked mutual fund houses to restrict the exposure to additional Tier I and II (AT1 and AT2) bonds. This directive comes after write-offs in such bonds iss ... Read more
Market regulator Sebi has asked mutual fund houses to restrict the exposure to additional Tier I and II (AT1 and AT2) bonds. This directive comes after write-offs in such bonds issued by two banks in the past year had hit investors. The Department of Financial Services had written to Sebi to withdraw the guidelines related to the change in valuation norms. While industry body Association of Mutual Funds in India (AMFI) had said that it is in discussion with Sebi to further smoothen the process of implementation of the circular. So, what exactly are these AT1 or perpetual bonds? Why are they risky? And why are there conflicting views about such bonds? To understand everything about the Sebi norm and possible consequences, Mint's Nasrin Sultana is in conversation with Piyush Gupta, Director, Crisil Funds Research. Read more
Sustainable funds showed resilience during the covid pandemic market sell-off. Driven by growing investor interest in environmental, social, and governance issues, the global susta ... Read more
Sustainable funds showed resilience during the covid pandemic market sell-off. Driven by growing investor interest in environmental, social, and governance issues, the global sustainable fund universe pulled in around $45.6 billion in the first quarter of 2020. The last three years have seen a steady increase in assets in sustainable funds. Assets remain dominated by Europe, accounting for over 80% of the global sustainable fund universe. Currently, with many funds now formally considering ESG factors in a non-constraining way to mitigate risk and/or find opportunities, Europe is by far the most developed and diverse ESG market. But what is the ESG investing scenario in India? Can you make money by ESG investing? To understand that Mint's Nasrin Sultana is joined by Abhay Laijawala, Managing Director and Fund Manager, Avendus Capital Private Markets Alternate Strategies. Read more
In the budget for FY22, the government has made around 34% higher allocation to infrastructure development. The government has expanded its ‘National Infrastructure Pipeline’ to co ... Read more
In the budget for FY22, the government has made around 34% higher allocation to infrastructure development. The government has expanded its ‘National Infrastructure Pipeline’ to cover more projects, while also setting up a new development finance institution. The government is looking to monetize brownfield projects, track asset monetization, set up investment trusts to attract global funds, and provide enhanced funding to states and autonomous bodies. It is also considering another rescue scheme for power distribution companies. So what does all the Budget proposals for infrastructure mean for the sector? Will there be any implementation hurdles? To discuss that Mint's Nasrin Sultana is joined by Harsh Shah, CEO of IndiGrid Read more
After a blockbuster rally following the budget, markets is losing sheen. Most recently, there are fresh concerns over rising number of covid cases leading to fears of a deeper impa ... Read more
After a blockbuster rally following the budget, markets is losing sheen. Most recently, there are fresh concerns over rising number of covid cases leading to fears of a deeper impact on economy. Adding to those uncertainties is the fear of rising global inflationary risks as crude prices have been on the surge. The sell-off in equities worldwide is also following a sudden rise in 10-year bond yields across the globe. So, now as we are approaching FY22, the question is what are the top sectors to bet on in the new fiscal? To discuss that, Mint's Nasrin Sultana is joined by Satish Ramanathan, MD & Chief Investment Officer – Equity, JM Financial Asset Management. Read more
