Market Updates

Monthly FTM Update - Feb, 2017

FTM

No bad news is good news. This Budget can be described as neutral to being mildly positive. It has largely focused on increased public expenditure, especially in the rural areas and on infrastructure. At the same time, the Budget projects to limit the fiscal deficit at 3.2% of GDP. Though, markets gave a thumbs up to the Finance Minister for sticking to fiscal discipline, economist are of the view that ...

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Monthly FTM Update - Jan, 2017

FTM

Last three months saw unprecedented changes on the domestic front. On 9th Nov, an average Indian woke up to suddenly realize that the currency that he holds is no longer valid. Repercussions (both positive and negative) from this mammoth change are yet to be seen. It might take a substantially long time before we get close to the real impact of this move.


Meanwhile, the focus has shifted on the ...

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Monthly FTM Update - Dec, 2016

FTM

To everyone’s surprise, RBI’s new monetary policy committee kept interest rates unchanged at 6.25% despite wide expectations of rate cut. It also lowered the GDP growth estimate to 7.1% from the earlier projection of 7.6%. This move is to keep inflation in check. The RBI cited the dollar’s surge and the increase in the prices of oil and commodities as two factors that could increase global volatility.


While on the ...

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Monthly FTM Update - Nov, 2016

FTM

Nov, 2016 will go down in the history of Indian financial markets as a month of induced financial shock. Narendra Modi’s bold and painful shock therapy has cut a deep wound in the psyche of one and all. It will surely have a much higher impact on people / institutions that used to deal in transactions that were unaccounted for. Whether this move will clean our country of black money ...

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Monthly FTM Update - Oct, 2016

FTM

This month FTM gave a complete sell signal from Equities. As a result we have reduced your equity exposure to near zero in the Growth-FTM portfolio. Our decision to move a major part of your portfolio into equities during Jan-Mar of this year gave us handsome returns. As a result, your investments have grown by more than 20% annualized so far. However, this relentless market move since last six months ...

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