DSP BlackRock's S.Nagnath's Views
Monday, November 17, 2008
hedge funds de-leveraging will continue to keep pressure on the markets. headline news is likely to be gloomy over the next 2-3 months. In the absence of BUYING interest amidst relentless selling will lead to further downside - 15% to 20% from current levels.The next few months will offer great buying opportunities for those with liquidity and those with the courage of conviction that this financial crisis will be subdued by the end of 2009 and pave the way for stable markets in 2010.
India's economic growth may slowdown to 6% and corporate earnings growth to 10%, much of this is already factored into. Waiting for arrival of good economic news maybe in-appropriate as stock markets may have already rallied sharply by then. The best time to BUY in Mr. Nagnath's opinion is over the next 3 months. However, investors who BUY in the next 3 months should have to hold them at least for a period of 12 - 18 months to exit.
Read the full article
Published by Webmaster @ 5:12 PM IST.
Fall & Rise - Performance of Diversified Funds
Wednesday, November 12, 2008
In the first week of Nov-08, SENSEX broke its losing streak and rallied from a low of 8,509 on Oct-27th to 10,536 on Nov-10th - a gain of 23.82%.We decided to find the performance of Mutual Funds we have recommended here and some randomly chosen funds with ratings of 4/5 stars. None of the mutual fund returns have beaten SENSEX in this relief rally, mainly due to the fact that the rally was concentrated in few Index heavyweights. This doesn't mean you desert your Mutual Funds investments :-)
Here is the Data of various Funds HDFC, ICICI, Reliance, DSP BlackRock, Franklin, Kotak, Fidelity and Birla Sun etc.
Read the full article
Published by Webmaster @ 1:49 PM IST.