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India’s Trade Deficit Falls as Value of Oil Imports Drops
With a falling trade deficit, the WisdomTree India Earnings ETF and the Direxion Daily India Bull 3X Shares rose 1.1% and 4.5%, respectively, as of December 15.
Which Sector Has Attracted the Most FDI This Year?
Cumulative data of FDI inflows since April 2000 show the services sector has received 17% of the total FDI inflows in India.
Assessing Financials: The Major Holdings in Indian Funds
Financials are the major holdings in Indian funds The three funds in this review—the ALPS Kotak India Growth Fund (INDAX), the Matthews India Fund (MINDX), and the Wasatch Emerging India Fund (WAINX)—provide investors access to Indian equities. The financial sector represents most of these funds’ respective portfolios, according to their latest releases. As of June […]
Indian Equity Markets Finished 2015 with an Optimistic Outlook
The FPI, which was on a losing spree before December 16, came back strongly. Indian stock markets also started gaining.
India’s Economic Growth in GVA Terms: What Does the RBI Expect?
For financial year 2016–2017, the RBI forecasts the GVA growth at a 7.6% pace. This assumes that there aren’t any significant headwinds.
Public or Private Spending: What’s Driving Infrastructure Growth?
The private sector is lagging as compared to others regarding projects awarded. The public sector projects far outnumber both the private and PPP projects.
Why Did the Reserve Bank of India Cut Interest Rates?
The RBI’s (Reserve Bank of India) move to reduce key interest rates in India in April was expected.
How Does the Matthews India Fund Compare to Its Peers?
As of December 31, 2015, Matthews India Fund has the lowest holdings turnover among the five funds.
How Does WAINX’s Performance Compare to Its Peers?
In this part, we’ll compare WAINX to four similar India-focused funds. These include INDAX, MINDX, ETGIX, and FIGZX.
India’s Healthcare Sector Has Stolen the Show in 2015
Due to the healthcare sector’s evergreen nature, the S&P BSE Healthcare Index has been able to provide a healthy return amid slowdowns in other sectors.
Forecasts Indicate a Strong Indian Macro in 2016
With 2015 behind us, we will study the prospects of Indian equities in 2016. We will look at certain macro indicators and the performance of the Indian equity market.
Analyzing the Historical Returns of 5 India-Focused Funds
Within the last six years, 2009 was the best year in terms of returns for all three funds in existence then.
IMF Economic Update: Still Upbeat on Some Emerging Economies
Irrespective of how strong economic fundamentals look, investors should be careful about investing in emerging markets and other economies that are relatively unknown to them.
India Markets Face These Headwinds
The key driver behind the rise in Indian markets this year has been expectations that the current Narendra Modi led government will be voted back to power this year.
Despite Record Highs, India Underperformed Emerging Markets
The iShares MSCI India ETF (INDA) and the Wisdom Tree India Earnings Fund (EPI), ETFs that invest in Indian equities, have risen 6.8% and 7.6%, respectively, this year.
ICICI or HDFC: Which Indian Bank Are Analysts Bullish On?
IBN’s mean consensus price target of 391.8 Indian rupees represents a potential upside of 11.2% over its closing price on December 7.
Indian ADRs in Focus as Key Election Results Loom
In this article, we’ll see how the Indian election results could affect the Indian economy and Indian American depositary receipts.
Will India’s Low Inflationary Trend Sustain in 2H17?
Consumer prices in India (INDY) rose 1.5% year-over-year in June 2017, slowing sharply from their 2.2% rise in May 2017.
Inside India’s Inflation in May 2017
Consumer price inflation in India stood at ~2.2% on a YoY (year-over-year) basis in May 2017, as compared to its 2.99% rise in April 2017.
Does the Basic Materials Sector Still Lead in India in 2017?
India’s stock market performance has picked up pace since the beginning of 2017. The S&P BSE Sensex has gained about 10% year-to-date through May 18, 2017.
Why Markets in India Are Scaling New Heights in 2017
India’s equity markets are soaring so far in 2017, pushing valuations above their long-term averages. India’s economy is scoring well due to high GDP growth and government reforms.
How China Could Worry Global and Emerging Markets
Emerging markets have been a go-to place for the international investment community for the past decade.
Will India’s GDP Growth Support Market Performance in 2017?
India’s economy remains robust despite the removal of about 86% of its currency in circulation, according to national accounts.
RBI Cut the Repo Rate: Will More Rate Cuts Follow?
Due to the expected fall in inflation, the RBI will likely undertake more cuts in the repo rate. These rate cuts will aim to boost consumption.
Why India Demonetized 2 Currency Notes
The 500 rupee note and the 1,000 rupee note were demonetized at midnight on November 8. The move aimed to curb black money in the financial system.
Indian Equities Rise after the RBI’s October 2016 Monetary Policy Announcement
Equities gain Indian equities rose on October 4, 2016, the day of the RBI’s (Rerserve Bank of India) latest monetary policy announcement. The central bank’s cut of its repo rate had a positive effect on equities, with bonds rising initially along with the Indian rupee. Banking and telecom stocks were among major gainers during the […]
India’s Monetary Policy Committee Cuts the Repo Rate by 25 Basis Points
An important meeting The October 2016 meeting of the RBI (Reserve Bank of India), which concluded on October 4, was an important one. It was the first monetary policy announcement that came via the MPC (Monetary Policy Committee). In India, monetary policy announcements have traditionally been made under the guidance of the RBI Governor, but […]
Indian Equities and Funds Fall after the August Monetary Policy
Indian equities fell on August 9, the day of the monetary policy announcement. Benchmark equity indices like the S&P BSE Sensex and the Nifty 50 fell 0.4%.
Reserve Bank of India Leaves the Repo Rate Unchanged
The RBI (Reserve Bank of India) left its benchmark interest rate, the repo rate, unchanged in its policy meeting on June 7, 2016.
The Reserve Bank of India Slashed the Repo Rate in April
The RBI (Reserve Bank of India) reduced the country’s repo rate by 25 basis points on April 5, 2016.
Investing in Indian Stocks: Active versus Passive Modes
The WisdomTree India Earnings ETF (EPI) is the most traded ETF that invests in Indian stocks. However, it is not the largest in terms of asset size.
Why Did India’s Industrial Production Fall?
India’s industrial production fell by 1.5% in January, according to the Central Statistical Organization. In January 2015, the industrial production index rose to 2.8%.
How Has 2016 Treated HLMNX So Far?
The HLMNX’s standard deviation, or the volatility of returns, in the one-year period until February 29 was 15.2%.
Fundamental Facts about FSEAX
As stated in FSEAX’s literature, financials were the single-largest sectoral holding of the fund and formed 30.8% of the portfolio as of January 2016.
How MINDX’s Top Holdings Are Performing
Healthcare was the best-performing sector in Indian markets in 2015.
Understanding The Eaton Vance Greater India Fund Portfolio
Compared to other India-focused funds, ETGIX has a small portfolio, comprising only 33 holdings. As of September 30, 2015, the top ten holdings of ETGIX formed 46.8% of the portfolio.
How the Matthews India Fund Performed in Comparison to Benchmark
The Matthews India Fund gave a negative return of -0.6% in 2015. However, it still managed to outperform its benchmark.
Understanding Matthews India Fund’s Investment Approach
MINDX seeks to invest at least 80% of its total assets in publicly traded common stocks, preferred stocks, and convertible securities of companies located in India.
Considerable Depreciation in the Rupee Seen after August 2015
The Indian rupee was trading on a relatively stable note in the first half of 2015. However, a considerable depreciation in the rupee occurred after August.
The ALPS Kotak India Growth Fund (INDAX) Portfolio Analysis
The ALPS Kotak India Growth Fund (INDAX) intends to invest at least 80% of its net assets directly or indirectly in equity and equity linked securities of Indian companies.
The Franklin India Growth Fund versus the Benchmark in 2015
The MSCI India Index is the benchmark index of the Franklin India Growth Fund (FIGZX). The fund has underperformed the benchmark index.
The Franklin India Growth Fund Portfolio (FIGZX)
The Franklin India Growth Fund (FIGZX) invests with the aim of long-term capital appreciation and across market caps, in equities of companies based in India. As of December 31, 2015, the fund’s total net assets under management were $122 million.
How the Eaton Vance Greater India Fund – Class A Performed in 2015
The Eaton Vance Greater India Fund – Class A (ETGIX) is in a close range to the returns of the benchmark for all three periods. In 2015, the fund gave a return of -6.1%.
How the ALPS Kotak India Growth Fund Fared in 2015
In 2015, the ALPS Kotak India Growth Fund returned -4.6%. The top holding of the portfolio, Infosys, formed 5.7% of the fund’s portfolio and returned 7.5% in 2015.
What Factors Affected the Indian Equity Market in 2015?
In this series, we will analyze the performance of the Indian equity market in 2015. The S&P BSE Sensex, considered as a benchmark index, gave a return of -3.7% in 2015, expressed in Indian rupees.
FPI in Indian Equities Remained Volatile in 2015
After the first four months of an impressive net inflow of FPI, Indian equities lost a substantial investment of foreign money. August 2015 witnessed the highest exodus of foreign money from Indian equities.
2015’s Gainers and Losers of the Indian Stock Markets
In this article, we will analyze the sector-wise performance of Indian stocks for 2015—a dismal year for all sectors.
How Do Banks View the Indian Infrastructure Sector?
Infrastructure companies are normally highly leveraged. A highly leveraged company has a higher dependence on debt from banking and financial institutions.
Production Slumped in India’s Core Infrastructure Sector
In the first two quarters of fiscal 2016, the production growth of four out of the eight sectors has fallen as compared to the first two quarters of fiscal 2015.
Why Sales Growth in India’s Infrastructure Sector Is Dwindling
The sales growth in three major infrastructure sectors has fallen sharply in the first two quarters of fiscal 2016.
India’s Infrastructure Sector Growth Slumped while GDP Improved
Despite the government’s efforts, the infrastructure sector seems far from being on the recovery path.
Why Distress Signals Are Coming from Indian Infrastructure Stocks
In this article, we will look at how stocks of some major Indian infrastructure companies have performed in the last year.
Understanding India’s Infrastructure Sector
The NDA (National Democratic Alliance) government came to power in May 2014. With big promises of development, the party aimed to push major reforms to help speed up India’s recovery process.
Foreign Money Fleeing Indian Shores
India’s net FPI (foreign portfolio investment) has been negative on almost all days in December, especially for the equity segment, which saw a net outflow of $287 million on December 1.
Is the Reserve Bank of India Anticipating a Rate Hike by the Fed?
The RBI (Reserve Bank of India) didn’t lower the interest rate in its bimonthly review on December 1, 2015. The RBI kept the policy repo rate unchanged at 6.8%.
What Led to the Euphoria around India’s Construction Sector?
According to the Indian government’s estimates for the five years from 2006–2007 to 2010–2011, the construction sector contributed 8% to India’s GDP.
What Drives India’s Construction Sector?
According to India’s government, the construction sector is valued at over $126 billion.
A Sector-by-Sector Overview of India’s S&P Bombay Stock Exchange
The S&P BSE sector indexes are Energy, Finance, Industrials, Telecom, Utilities, Information Technology, and Healthcare.
The Major Sectors of the Indian Equity Market
The current global economy is under stress. Major benchmark equity indexes around the globe have given dismal returns, and India is no exception.
Which Sectors Will Benefit from the FDI Reforms?
India’s FDI reforms are expected to boost foreign investment in major sectors including the construction, retail, defense, banking, agriculture, and aviation sectors.
Why India Needed the Major FDI Reforms Announced This Month
On November 10, 2015, the government of India announced major reforms in FDI (foreign direct investment). The government has introduced reforms in 15 major sectors of the economy.
How Has the ETGIX Performed?
The Eaton Vance Greater India Fund Class A (ETGIX) is an equity fund that invests in Indian equities.
How Has the ALPS Kotak India Growth Fund Performed?
The YTD return of the ALPS Kotak India Growth Fund is about 1%. On a cumulative basis, the fund has returned 30.8% since inception.
Assessing the Multiples and Dividend Yields of Key Indian Stocks
The Indian market’s PE and PBV multiples were lowest in fiscal 2013. The dividend yield was best in fiscal 2013.
Did the Reserve Bank of India Reduce Borrowers’ Loan Burden?
The pass-through of the rate cuts by banks to the general public is an important concern for the Reserve Bank of India.
Overview: Last 5 Years of Foreign Portfolio Investment in India
India’s fiscal 2013 was the lowest in terms of market capitalization in the past five years. However, the foreign portfolio witnessed an impressive growth of about 80% in fiscal 2013 over the previous year.
Why India’s Equity Market Recovered after Continuous Slides
In this series, we’ll briefly overview the Indian equity market. Specifically, we’ll analyze trends in the Indian equity market over the past five years.
Why the Reserve Bank of India Cut the Repo Rate So Drastically
Though there were expectations for a repo rate cut, a reduction of 50 basis points did not seem to be on everyone’s radar.
What Are the Reasons behind the Correction in Indian Equities?
Indian stocks aren’t cheap, but they’re not outlandishly expensive either. So why have Indian equities fallen since early March 2015?
How Do India’s Economic Indicators Look?
In this article, we’ll look at three broad macroeconomic indicators for India. They include economic growth, consumer prices, and industrial production.
India’s Foreign Investors Upset about Minimum Alternate Tax Rules
Indian markets have experienced a massive drain of foreign funds since April, mostly fueled by uncertainty over the minimum alternate tax rules.
International Monetary Fund: India’s Economic Growth Outlook
India was among the few nations about which the IMF seems positive. The agency revised its estimates for India’s economic growth up by 1.2% for 2015 and 1% for 2016.
The Reserve Bank of India reduces its repo rate
The Reserve Bank of India, India’s central bank, surprised the financial world by unexpectedly reducing its key interest rate.
Analyzing India’s fiscal deficit in 2015 and beyond
There’s a possibility that the government could be soft on its fiscal deficit target in 2015. A lack of corporate spending could push it to increase expenditure this year.
Why India’s poor infrastructure is a detractor
The primary reason for India’s slow infrastructure development is poor implementation.
Why India’s trade balance impacts investors
Today, most nations are trading with each other. It’s important to look at a country’s trade balances. Trade balances account for a significant portion of a country’s current account.