June, 2009
PRODUCT FOR ALL SEASONS-RELIGARE SHORT TERM PLAN (Updated 1st July 09)
Post RBI rate cut in April’2009, lot of funds were invested in Short Term Plans. These funds alongwith a lot of other positive factors created euphoria at the shorter end. However, this was short lived as supply pressure at the long end spoiled the sentiments & dragged down even the short end of the curve [...]
TWO SHINING PERFORMERS IN SHORT TERM DEBT EVEN DURING THESE VOLATILE TIMES
Post RBI rate cuts on April 22’2009, I had recommended change in asset allocation : a) Reduce exposure to long end b) Hold/increase exposure to short end by investing in Short Term Plans with lower average maturities & c) increase exposure to Arbitrage Schemes. On April 25’2009 we had identified one such Short Term Plan [...]
ANALYSING OUR CALL ON RE ALLOCATION OF ASSET CLASSES GIVEN ON APRIL 22’2009
Post the rate cuts announced by RBI on April 21’2009 ( REPO rate cut by 0.25% to 4.75% & Reverse REPO cut by 0.25% to 3.25%) , I had given the following asset re allocation call on April 22’2009: “Start reducing exposure to investments at the longer end of the curve ( as most of [...]