Quarterly Updates

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 …

Continue reading »

Monthly FTM Update - Aug-Sep, 2016

FTM

With Fed holding rate increase in the USA, global liquidity will continue to chase stock markets in the Emerging Markets. As a result Indian stock markets may continue its upward journey for the time being.


However, fundamental on the ground data continues to be mediocre. One of the matters of concern with the macros is the contraction of IIP data which is mainly because of decline in manufacturing & capital …

Continue reading »

Monthly FTM Update - Jul, 2016

FTM

Finally GST, the most awaited tax reform gets the thumps-up from Rajya Sabha & Lok Sabha, paving the way in transforming India into a single integrated market. The aim is to have one indirect tax for the whole nation, which will make India a unified common market. It is expected to simplify taxes, reduce procedural hurdles, increase tax base, reduce tax avoidance, and bring down costs. It is the change …

Continue reading »

Monthly FTM Update - Jun, 2016

FTM

The dust has settled in Indian markets after the decision of Britain to exit from European Union. Even though post-Brexit anarchy vibrated UK, it was hardly felt in India and Asian countries. After an initial jerk, stock market bounced back to the original upsurge trajectory within a week. India was the third least affected country among all other global markets. Chief Economic Advisor, Arvind Subramanian opined that the whirlwind of …

Continue reading »

Monthly FTM Update - May, 2016

vftm

‘Acche din’ for Indian markets seems to be around the corner. Market sentiment is bound to improve with expectations of a normal monsoon, revival in economic growth, rate cuts and the passing of the GST Bill in FY17. Global brokerages are becoming bullish about Indian markets. Citi and HSBC have upgraded India's rating and Sensex targets. Global financial major Morgan Stanley expects the Indian equity market to outperform the global …

Continue reading »