Aug 16, 2016 11:47 am
Summary With the Nifty 50 trading at stretched valuations, it’s instructive to look back and analyse the effectiveness of a high P/E based strategy. Equities The Nifty 50 is at a trailing P/E multiple of 23.7 times earnings. The chart at the bottom of this page highlights prior periods that the index traded at…
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Aug 9, 2016 11:17 am
The RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5% today, maintaining an accommodative stance while awaiting developments. The RBI stated it will continue to provide liquidity as required but progressively lower the liquidity deficit in the system to a position closer to neutrality. The RBI continues to believe…
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Aug 1, 2016 6:01 am
Summary The Gambler’s Fallacy has implications for Indian equities and bonds. India is a clear consensus favourite today. We look at valuations and the best strategy forward. The Gambler’s Fallacy… In the summer of 1913, crowds at a roulette table in Monte Carlo witnessed an incredible event. The ball had landed on black 15 times…
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Jul 25, 2016 12:15 pm
Summary Perceptions of global risk are shifting. Domestically, valuations on the index are rising. We look at various factors in formulating our investment strategy ahead. A Shifting Landscape… Developed markets, by their very definition, are supposed to demonstrate stability, sound governance, transparency and lower risk. Throw that playbook out the window. Brexit shifted perceptions. We…
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