Video View: Indian Economy's Long-Term Story Intact
While there is chorus growing over economic slowdown in India, there are multiple factors that are overlooked by the market experts. Anand Rathi Wealth Services Limited's Deputy CEO Feroze Azeez gives clarity on this pessimist sentiment that is shaking the confidence of investors. In this interview, Feroze says that if there is an economic slowdown, then there must be de-growth in the economy. Compared to the global average of GDP which is 3%, India stands at 7% which is still part of the top 7 economies across the world. As per Feroze, a pessimistic view must come with a timeframe. For a trader, the market views have a 95% impact on their investing cycle, but for an investor, the market view should not have more than 5% impact. Feroze says that such a fall in the market cannot be termed as recession as corrections are part of the market cycle. Watch Video...
Article 370 scrapped: J&K Modi-fied
In yet another demonstration of strong political will, on 5th August 2019, the government of India revoked Article 370 and introduced a bill in the Parliament for bifurcation of Jammu and Kashmir into two Union Territories; Jammu & Kashmir with legislature and Ladakh without legislature. This decision is perhaps the finest tribute to the thousands of security forces, political leaders/workers, journalists and innocent civilians who have lost their lives for the cause of integration of Jammu and Kashmir with India. Read more...
WEALTH INDUSTRY UPDATES
- SEBI proposes landmark changes to PMS regulations
- Explained: Why RBI’s monetary policy matters
- MFs try to get in on $894 mn in DHFL repayments
- Six mid-caps stocks enter the large cap lists
- SEBI board meet: Debt fund overhaul in pipeline
- RBI opens up liquidity tap for stressed NBFCs
- SEBI may ensure full disclosure on loan defaults with rating
- Edelweiss to sell 20% of wealth business
- Budget 2019: Huge tax arbitrage between debt AIFs & debt MFs
- Piramal’s real estate fund seeks extension
AT A GLANCE
- Fll Fund(m-o-m): -₹13,315.2 cr
- Dll fund(m-o-m):₹20,394.32 cr
- Mutual Fund(m-o-m):₹15,083.99 cr
- Nifty 50 PE:23.67
- Nifty Midcap 100 PE:31.63
EVENTS - FGD
- August 22, 2019 : Kolkata
- August 30, 2019 : Pune
- September 6, 2019 : Hyderabad
- September 13, 2019 : Gurgaon
QUOTE OF THE MONTH
"Pessimistic views are the easiest to opine over with investors. But, if there is a pessimistic or optimistic view, then it must be shared with a time frame, or else it won’t match an investor’s time frame of concern, thereby, becoming irrelevant"
- Feroze Azeez, Deputy CEO, Anand Rathi Wealth Services Limited
G-SEC FUNDS: AN OBSOLETE INVESTMENT CATEGORY
Our Deputy CEO talks about the how G-Sec funds are an obsolete asset class. The G-Sec route is not advisable in both the long-term or short-term investment category. Feroze says making an investment decision going on the past performance is not advisable as the past performance of 14% may have G-Sec a current favourite, but the futuristic picture gives the reality. For an investor to keep getting 14% in the next 3 years, the interest rate must fall from the current 6.3% to 1.7%. The probability of this fall occurring is nearly impossible. Alternatively, creating a debt portfolio with a mix accrual funds and credit risk funds is advisable.
"SEBI'S PLAN ON TIGHTER PMS NORMS PROGRESSIVE"
Our Deputy CEO Feroze Azeez says SEBI's plans of tightening the norms on Portfolio Management Services is very progressive. In the last 4 years, the assets under PMS have increased by 40 times. Feroze says that shockingly, PMS did not have transparency with respect to same reporting standard, the frequency of reporting was once in six months and there was no auditing of reports made. Feroze also applauds SEBI's move to create an entry barrier of large sized players into the PMS segment. In addition, the PMS free structure which initially had a performance fee based on a hurdle rate will be replaced with a new system.Feroze says that bringing in accountability and accessibility is a good step for all investors.
Our Deputy CEO Feroze Azeez talks about the importance wealth management to over 340 prospects in an entralling evening in Bengaluru on July 20, 2019.
Over 320 prospects were spellbound by Feroze's interactive session on the right approach to wealth management in Delhi on July 26, 2019.