In continuation to my note on 9th August 2011
In continuation to my note on 9th August 2011, please find below updated returns chart for the same. GILT SIP from 29th July 2011 to 9th Sep 2011 – 1 Cr per week S. No. Mutual fund AMT INV CUR VAL +/- XIRR 1 ICICI Prudential GFIP 70,000,000 70,341,088 341,088 8.74% 2 Kotak Gilt [...]
TRADING CALL IN GILT THROUGH SIP
I had recommended investment in GILT schemes thru a SIP mode sometime in July 2010 when 10 year benchmark was at 7.70% levels. Thereafter till October when benchmark went upto 8.01%, the said strategy had generated close to 6.50-7% p.a. returns inspite of inching up benchmark yields. Of course, thereafter with a clear direction of [...]
VARIOUS ASSET CLASSES & SCHEMES
So far market participants were not taking any interest rate or duration calls as the interest rate bias was upwards. Since May 2010, RBI has intervened time & again in practically all the Policy Reviews by increasing benchmark rates and narrowing the corridor between REPO & Reverse REPO rates. However, after the last Policy Review [...]
REASONS FOR BENCHMARK GOING UP
Kindly refer to my various blog notes on why invest in long term G-Sec schemes. I have spoken about the same since the eve of the July Credit Policy. Also, as was foreseen by most market participants and reiterated by RBI, that containing inflation is going to be a bigger priority than pushing for growth, [...]