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Industry Experts Share Investment Insights At 'What & Where to Invest In 2010' Seminar
February 11, 2010

Fundsupermart.com organised its first investor seminar in India for retail investors on 5 February 2010 in Mumbai.


Author : FSM Content Team



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In Fundsupermart.com’s inaugural investor seminar, ‘What and Where to Invest in 2010’, fund managers and industry experts from Birla Sun Life Mutual Fund, SBI Mutual Fund and Kotak Mutual Fund shared their investment insight for the year 2010. Mr. Ashok Kumar Bakliwal, President of Bombay Shareholders’ Association opened the session with a warm address to the audience and over a hundred fifty retail investors attended the seminar held on 5 February 2010 in Mumbai.

The Fund Managers commented on the impact of the global financial crisis on the Indian capital market, the resurgence in equities worldwide, euphoria in the markets after the Congress-led UPA government was elected to power and the gradual rollback of stimulus packages. The recent correction in the market and issues pertaining to the upcoming budget were the bane of contention at the seminar.

Mr. Rajesh Krishnamoorthy, Managing Director of iFAST Financial India Private Limited spoke about the investment opportunities from the perspective of a retail investor.  

Sharing the Fundsupermart.com houseview, he said that 2010 will be a year of cautious optimism. His domestic sector pick was Capital Goods and Infrastructure within the equity fund category. “Even though valuations may be a bit rich presently, they are still far away from the historical highs seen in end 2007. Further, we expect earnings growth to catch up within this space,” stated Mr. Krishnamoorthy.

The favourite debt fund class for him was floating rate funds, the reason being that the floating rate funds would help investors protect their portfolio from upward movement in interest rates.

Investors registering at the event

 

Ms. Sunaina da Cunha, Fund Manager, Birla Sun Life Mutual Fund explained the factors impacting the short-term and long-term fixed income instruments. She presented the view that the short-term interest rates could move up sharply owing to a decline in liquidity in the system. “Advance tax outflows in March could see liquidity entering negative territory for a short time towards the end (of) March, resulting in a spike in rates.” Ms. da Cunha pointed out that in such a scenario dynamically managed funds are a good alternative for short-term investment.

Macro-economic factors such as the level of government borrowing programme, double-digit inflation expectations would affect the movement in interest rates over the long-term. Fixed Maturity Plans could see a revival this year, Ms. da Cunha shared, “When the yields spike to 8.25%-8.40% in July on inflation (and) large weekly government borrowing, the long-term investors could look at Gilt funds.”

Mr. Jayesh Shroff, Fund Manager, SBI Mutual Fund said ‘greenshoots’ was the most popular term of 2009, as positive indicators led to global recovery and augmented the rise in the equity markets. He shared his view on major sectors in India with positive outlook on infrastructure and consumer durables sector.

The remarkable journey of Gold to its all-time high of US$1218 per ounce was explained by Mr. Tejas Bhope, Senior Product Manager at Kotak Mutual Fund. Mr. Bhope emphasized the significance of Gold as an alternate asset class, a hedge against inflation and a safe haven in times of crisis. “Gold has very low correlation with other asset classes making it a handy asset to diversify the overall portfolio,” he said.

We thank our investors for their support.

Jayesh Shroff addressing the audience

 

 

 

 

 

 

The FSM team works hard to ensure that investors are made aware of market movements, factors as well as investing concepts and guidelines that can help them make a better investment call. Apart from the website, FSM shows its commitment to investor education through investor forums and seminars.

Look out for “What and Where to Invest in 2010?” seminar coming to Ghatkoper in Mumbai on 20 February 2010! For registration, please click here



iFAST and/or its content and research team’s licensed representatives may own or have positions in the mutual funds of any of the Asset Management Company mentioned or referred to in the article, and may from time to time add or dispose of, or be materially interested in any such. This article is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a mutual fund's offer document/scheme additional information/scheme information document. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Investors should seek for professional investment, tax, and legal advice before making an investment or any other decision. Past performance and any forecast is not necessarily indicative of the future or likely performance of the mutual fund. The value of mutual funds and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Please read our disclaimer in the website.

 


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