Benchmarking MFs

Why Mutual Fund benchmarking needs a drastic overhaul… Recently, the SEBI had proposed a complete re-haul of the benchmarking norms for mutual fund performance. A typical MF today will compare its performance with that of the index on a point-to-point basis. As the SEBI has rightly pointed out, this can be quite deceptive. Here are…

Dividend Game

Should you really be playing the Dividend Yield game? When Hindustan Zinc declared a record interim dividend of Rs.13,985 crore, it was the biggest payout by any Indian company. The government with 30% stake was the big beneficiary. Over the last few weeks, large PSU companies like Coal India, Hindustan Zinc, REC and BPCL have…

D-Mart Lessons

What other retail players must learn from D-Mart… Even as D-Mart got a bumper listing and gave 100% returns on listing day, there were serious concerns raised over valuations. But there are some important lessons that other retailers can learn from D-Mart. Here are four such lessons from the D-Mart model… Keep rentals in check……

Crude Oil Prices

Where exactly is crude oil prices headed from here? The price of crude has had a volatile period since the beginning of 2016. After touching a low of around $30/bbl in early 2016, crude bounced back sharply to almost the $45 level. It was only post November that Brent Crude actually breached the $50 mark…

FPI Inflows

Why they could now make a serious comeback… Between October 2016 and January 2017, Indian markets saw FPI outflows to the tune of Rs.80,000 crore ($12 billion). These outflows were driven by the fears of demonetization and the expectation of a Fed rate hike. FPIs were also worried about corporate numbers. All that looks set…

RBI Rate Cuts

It looks unlikely, at least, till June this year… A day after the inflation data and the US Fed announcement, the big question reverted back to the RBI stance. The primary question was once again the same; will the RBI cut repo rates in its April 2017 monetary review. Here are 4 reasons why the…

Elections & Markets

Will these state elections impact markets at all? The Nifty has been perched slightly below the psychological 9000 mark. Obviously, the Nifty appeared to be waiting for the actual results. In fact, even the exit polls failed to impress the markets as they awaited the actual results. With the BJP gaining a thumping win in…

Winners & Losers

Who were the key gainers and losers in the state elections? With the five state elections completed and the results out, it is time to sit back and look at the winners and the losers. Here are the 4 key winners and losers from the election outcome. BJP Economics a clear winner… That may not…

UP Poll Outcome

What does it mean for larger political equations? The UP poll outcome threw up a much bigger surprise than even the most optimistic estimates. The trend shift towards the BJP was quite evident in the exit polls, but the actual result, with the BJP cornering over 80% of the seats came as a real surprise.…

March Fed Meet

Will the Fed bite the bullet on a rate hike? As the Fed prepares for the all crucial Fed meet in mid-March 2017, the question is what will be its rate stance. The Fed had hiked rates in December 2016 by 25 basis points after a gap of 1 year. However, it had chosen to…