Market risk is temporary, while credit risk is permanent

Business priorities and products becoming mainstream The first decade of our business plan was to demonstrate a performance track record and build capabilities in our fund-management business. We are now in our second phase of business, where we are building product range and filing gaps in our product offering. We are building capabilities in our fixed-income business and looking at launching passive business (with a barbell approach - low cost simple ETFs along with…

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Monetary Policy December 2020

The MPC decided to keep all rates unchanged as expected. In a welcome relief at least to certain quarters of the market, it persisted with its time based dovish forward guidance as well.Market Was Fearful…The market had gone into the December policy on a slightly fearful note. This had been brought about largely owing to a confluence of 3 factors: One, local CPI inflation has been frustratingly sticky with decided signs of broad-basing amongst…

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Record Rs 65,317 crore monthly FII inflow in November drives rally across segments

Foreign investors net bought Rs 65,317.13 crore worth of Indian equities in November, the highest-ever inflow in a single month.The inflow in November has taken the total year-to-date FII inflow to Rs 1,07,562.09 crore, which was much higher than Rs 82,741.32 crore inflow seen in the same period the previous year.FII money boosted the sentiment and provided strong support to the Indian equities, because every fall in the past (especially after March crash) was bought which gradually pushed each…

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Market Outlook November 6th 2020

-ICICI DirectWeek that was…Equity benchmarks entirely recouped last week's losses and recorded highest weekly close in nine months at 11264, up 5.3%. Sectorally, all major indices ended in green led by financials, metal and pharma.Technical OutlookThe weekly price action formed a sizable bull candle carrying higher high-low and resolved out of past three weeks high 12025, as on expected line, volatility during US election phase offered an incremental buying opportunity. In the process, Nifty…

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SBIMF – CIO’S Desk | November 2020

The second wave of viruses in the Western world has become a reality. This along with failed negotiations on fresh US fiscal aid and the uncertainty around US presidential elections has acted to keep financial markets volatility high. This led to markets continuing to trade choppy for a second consecutive month, in line with our view. The news locally however was better with the reopening led improvement in economic activity continuing and more importantly…

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Floating Rate Savings Bonds, 2020 (Taxable)

The newly launched bonds have a floating interest rate option. The rates will be linked with the prevailing National Saving Certificate (NSC) rate with a spread of (+) 35 bps over the respective NSC rate. Once you apply, you will receive a Certification of Holding with the Bond Ledger Account number and your Bonds can be viewed in the Holdings section of FD/Bonds page. #Residents Individuals and HUFs are eligible to invest. Resident Individuals can…

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