April, 2010
PERFORMANCE OF OUR OWN RECOMMENDATIONS OF STPS
I have been recommending one asset class viz. Short Term Plans from June 2009 onwards or even prior to that. On various occasions I had recommended different STP schemes of various AMCs based on their underlying portfolio and other macro factors prevalent in the market. Some of the themes that I had picked up were [...]
GOING FORWARD SHORT TERM PLANS – WHICH ONES? AND WHY?
With the possible scenario of further rate hikes in June/July, I would recommend a more defensive portfolio of creation of Short Term Plans as mentioned below & for the reasons mentioned. I would advise the investors to refrain from taking interest rate calls for some more time as direction of RBI is clear on increasing [...]
ANALYSING OUR OWN RECOMMENDATION OF KOTAK BOND SHORT TERM
I had written of a defensive strategy of earning 100-125 bps higher than liquid plus through investment in the scheme called KOTAK BOND SHORT TERM. This note was published on my blog on January 05’2010. Hence, it has already completed more than 3 months for me to analyse whether what was promised as a theme [...]
PROMISES DELIVERED : AXIS STP
Axis STP NFO closed on January 20’2010. Theme of the NFO was to capture: Higher accrual Capture attractive spreads between 1 & 5 year corporate bonds; which were at historical highs Compression in CD/CP portfolio post March ‘2010 Roll down effect Initially the Fund Manager created a portfolio of 50:50 of 2-5 year corporate bonds [...]
My Comments in an Article in Economic Times
HNI INVESTMENTS IN GILT SCHEMES JUMP THREE-FOLD TO RS 1,917 CR IN SIX MONTHS Nishanth Vasudevan MUMBAI WHAT do wealthy investors know about the prospects of India’s government bonds that many others do not? Even as the outlook on these bonds remains hazy, these investors have raised exposure to mutual fund schemes that invest in [...]