It’s time to do nothing

Have you ever tried to stay calm on a roller coaster? It’s just not possible. Your heart rate isn’t going to slow down while you’re hurtling along the track, upside-down, 100 feet above the ground. That’s our current reality. We are watching our investments get hit in a volatile stock market coupled with low interest rates on fixed income instruments. Adding to the uncertainty is the fact that a pandemic is ripping through the…

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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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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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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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