All posts tagged: PMS

Market Overview – December 2020

Indian Economy

RBI in its December policy meeting upgraded India’s GDP forecast and expects economy to shrink 7.5% this fiscal vs earlier forecast of 9.5% contraction as the economy is recuperating faster than anticipated. Further, even the IMF upgraded its forecast for GDP growth in FY22 (8.8% growth earlier to 11.5% growth) making it the only key nation to record a double-digit growth and reclaim the status of world’s fastest growing major economy.

Additionally, RBI expects growth to be in positive trajectory for Oct-Dec 2020 period and predicts a V-shaped recovery in FY21 driven by rollout of vaccine. Also, since mid-September, India has done well to flatten the curve of Covid-19 cases. The number of active cases had fallen to 1.5 lakh from a peak of 10 lakh cases in September.

Vishal ShahMarket Overview – December 2020
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Market Overview – September 2020

Sharp contraction in GDP; Upgrade soon?

FY21 is half done and the macro data available till now shows the hits to the economy because of the coronavirus pandemic. However, there are signs of revival. After the country’s economy contracted by a record 23.9% in April-June quarter, contraction for Q2’21 is expected to be around 8.6% as projected by RBI.

However, recent data suggests brightening prospects for October and if this upturn sustains, the Indian economy may return to growth in October-December quarter, thereby making a case for GDP upgrades soon.

Global Stock Markets

Despite the pandemic, the global stock markets (especially the US market) continue to be on steroids driven mainly by excess liquidity, positive sentiment post Joe Biden’s victory and also recent announcement by Pfizer and Moderna on positive vaccine update.

Vishal ShahMarket Overview – September 2020
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Market Overview – March 2020 Quarter

The year 2020 has been more than what we bargained for. From a pandemic called COVID-19 hitting almost the entire world, to the hardships caused by the lockdown to several businesses, to border tensions, and fears of a slump in corporate profitability, to cancellation and/or postponement of major sporting and social events, this has been quite a year so far.

The stock market in India has seen quite a roller-coaster ride. The S&P BSE Sensitive Index had fallen from a high of 42,273.9 in January 2020 to 25,638.9 in March 2020 (a fall of over 39%). This has been one of the sharpest falls in India’s stock market ever. However, the Index has staged a decent recovery, and at the end of June 2020, has risen to 34,915.8, which is a rise of 36% from the bottom of the year.

Vishal ShahMarket Overview – March 2020 Quarter
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Recent coverage of Care PMS strategy by Bloomberg Quint

Recent coverage of Care PMS strategy by Bloomberg Quint

View full coverage by clicking on image below:-

Small Caps To Be Back In Vogue In 2020, Says The Portfolio Manager With Best Returns In December…Click image to read full article

Article Published on January 13, 2020

Vishal ShahRecent coverage of Care PMS strategy by Bloomberg Quint
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Keep monitoring
Buy and Hold? or Buy and Forget?

Let’s start with a famous saying “You Should Never Outsource Your Eyes”

We now produce an illustrative conversation between a client and a portfolio Manager:

Portfolio Manager: Our investment philosophy which says ‘Buy and Hold’, to further clarify the concept internally we think it should be ‘Buy and Forget’.

Client: So, once you are invested what you do?

Portfolio Manager: We search for other better option and we keep monitoring existing investments.

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