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  • uploads///India
    Macroeconomic Analysis

    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.

    By Lara Sheldon
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    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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 […]

    By Pete Raine
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    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///India GVA Growth Rate At Basic Prices
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///pc
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///c
    Fund Managers

    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.

    By Pete Raine
  • uploads///c
    Fund Managers

    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.

    By Pete Raine
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    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///p
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///Projections for India and ASEAN
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///part
    Macroeconomic Analysis

    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.

    By Mohit Oberoi, CFA
  • uploads///india _
    Macroeconomic Analysis

    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.

    By Mohit Oberoi, CFA
  • uploads///part  icici
    Miscellaneous

    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.

    By Mohit Oberoi, CFA
  • uploads///currency _
    Company & Industry Overviews

    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.

    By Mohit Oberoi, CFA
  • uploads///Inflation in India Continues to Decline in June
    Macroeconomic Analysis

    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.

    By Mary Sadler
  • uploads///Inflation in India Continues to Decline in May
    Macroeconomic Analysis

    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.

    By Mary Sadler
  • uploads///Basic Materials Continues to Lead in
    Macroeconomic Analysis

    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.

    By Mary Sadler
  • uploads///Indian Equities Surging in
    Macroeconomic Analysis

    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.

    By Mary Sadler
  • uploads///part China
    Macroeconomic Analysis

    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.

    By Ricky Cove
  • uploads///GDP Growth In India
    Macroeconomic Analysis

    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.

    By Mary Sadler
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///Percentage Share of Denominations in Circulation by Value in FY
    Miscellaneous

    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.

    By David Ashworth
  • uploads///Equity Indices Reaction to RBI Announcement
    Company & Industry Overviews

    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 […]

    By David Ashworth
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    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 […]

    By David Ashworth
  • uploads///Equity Indices Reaction to RBI Announcement
    Company & Industry Overviews

    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%.

    By David Ashworth
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///Indias Key Policy Rates
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///Returns of India Focused Funds
    Company & Industry Overviews

    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.

    By David Ashworth
  • uploads///Indias Industrial Production Fell For January
    Macroeconomic Analysis

    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%.

    By Sarah Sands
  • Company & Industry Overviews

    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%.

    By David Ashworth
  • uploads///FSEAXs Top Ten Invested Geographies
    Fund Managers

    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.

    By David Ashworth
  • uploads///c
    Fund Managers

    How MINDX’s Top Holdings Are Performing

    Healthcare was the best-performing sector in Indian markets in 2015.

    By Pete Raine
  • uploads///p
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///c
    Fund Managers

    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.

    By Pete Raine
  • uploads///c
    Fund Managers

    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.

    By Pete Raine
  • uploads///RBI
    Macroeconomic Analysis

    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.

    By David Meyer
  • uploads///p
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///p
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///p
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///p
    Company & Industry Overviews

    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%.

    By Pete Raine
  • uploads///p
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///chart
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///chart
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///chart
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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%.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    What Drives India’s Construction Sector?

    According to India’s government, the construction sector is valued at over $126 billion.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///chart
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///chart
    Company & Industry Overviews

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    How Has the ETGIX Performed?

    The Eaton Vance Greater India Fund Class A (ETGIX) is an equity fund that invests in Indian equities.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///Base Rate of Some Indian Banks
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    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.

    By Pete Raine
  • uploads///Hold off
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///Correction
    Macroeconomic Analysis

    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?

    By David Ashworth
  • uploads///Indias GVA growth rate at constant   prices
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///Part __Oil Prices and BSE
    Fund Managers

    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.

    By Stuart McKenzie
  • uploads///Economic Growth Projections for India and China
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    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.

    By David Ashworth
  • uploads///Contribution to Gross Fixed Capital Formation in India
    Macroeconomic Analysis

    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.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s poor infrastructure is a detractor

    The primary reason for India’s slow infrastructure development is poor implementation.

    By David Ashworth
  • Macroeconomic Analysis

    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.

    By David Ashworth
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