Looking ahead for Indian-Focused Funds
All five India-focused funds have their highest individual sectoral exposure to financials. As reported in the news, 2015 has been a year of global economic stress.
India’s Manufacturing Contracts in December 2015
India accounts for ~2.5% of the world’s GDP, and manufacturing activity accounts for ~17% of India’s GDP. The Nikkei India manufacturing index fell by 1.2 points to 49.1 in December.
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.
Analyzing Accenture’s Performance Compared to Its Peers
Accenture outperformed its peers based on the EPS, PE ratio, and PBV ratio. It outperformed the ETFs based on the price movement and PBV ratio.
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.
Not a Good 1Q16 for Indian Stocks, but Is the Tide Turning?
Indian stocks had a great March. The rebound began after the Union Budget announcement on February 29. The fiscal discipline shown by the government raised hopes that the Reserve Bank of India may reduce interest rates.
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.
How India’s April Repo Rate Cut Will Affect Borrowers
Even before the repo rate cut on April 5, the RBI reduced its key rate by 125 basis points since January 2015.
Accenture Sees High Return on Equity in 2Q15
Accenture’s interest coverage ratio looks comfortable, due to low debt levels and to the fact that its operating margin has been expanding steadily.
Modi invites Japan to transform India into a major factory center
Indian Prime Minister Narendra Modi embarked on his five-day visit to Japan on August 30 with the belief that India and Japan can make history by working together in several areas, like digital, solar energy, technology, and skills.
Why Has Infosys Stock Fallen 14% Today?
Infosys (INFY) shares have fallen 14% today. The pullback means that the company has risen 3.8% year-to-date. The stock has traded flat in the last 12 months.
A Look at Cognizant’s Focus on Digital Transformation
To lead the global digital transformation effort, Cognizant (CTSH) is providing solutions to transform businesses’ operating and technology models.
Accenture Bets on Acquisitions to Secure Its Future
Accenture’s revenue increased 7.0% YoY to $10.6 billion in the first quarter of fiscal 2019.
Chinese and Indian Indexes Fall as Trade Talks Resume
On Tuesday, US and Chinese officials resumed trade talks over the phone days after they announced a trade truce.
A Look at Accenture’s Latest Returns and Valuation
Accenture has made a strong comeback this year after losing over 10.0% of its market value in 2018.
Indian Indexes Are in Green as Other Asian Indexes Are Cautious
Indian indexes were the best-performing ones in Asia today. The S&P BSE Sensex gained 0.4% to close at 39,592 while the NSE Nifty 50 gained 0.43% to close at 11,848. Out of the 30 stocks in Sensex, 19 gained, and the remaining lost. With 1.64% gains, HDFC Bank (HDB) was one of the top gainers.
Indian and Indonesian Indexes Stay Steady, but Taiwan Index Falls
Just like some of the other Asian indexes, Indian indexes closed almost flat today. The S&P BSE Sensex lost four basis points, while the NSE Nifty 50 gained seven basis points.
Taiwan and Thailand Indexes Rise as Other Asian Indexes Fall
After rising yesterday, both the key Indian indexes fell today.
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.
Can Verizon Still Achieve Its Cost-Savings Target?
Verizon (VZ) is set to eliminate around 10,400 jobs as part of its voluntary separation program.
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.
What’s the Technology Sector’s Dividend Yield?
The technology sector has an average dividend yield of 0.9%.
Analyzing Key Drivers for Infosys in Fiscal 2018
Infosys expects its total revenues in fiscal 2018 to expand 6.5%–7.5%.
A Look at Infosys’s Strong Dividend Payments
In the last five years, Infosys paid ~$3.9 billion in dividends to its shareholders at an average of nearly $783.0 million each year.
Infosys Gains from Its Growing Client Portfolio
At the end of fiscal 3Q18, Infosys recorded 110 clients with a ticket size of $50 million–$100 million.
Analyzing Accenture’s Key Growth Drivers
Accenture (ACN) continues to gain from the latest digital transformation trend taking place throughout the world.
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.
Indian Equities Continue to Attract Investor Attention in July
Sensex, India’s (EPI) benchmark index, closed above the 32,000 mark for the first time on July 13, 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.
International Moat Index: France Impacted Its Performance
The international moat index, represented by the Morningstar Global ex-US Moat Focus Index, lagged behind the benchmark index in April.
India’s Financial Markets Fell Due to Demonetization
The two benchmark equity indices—the Nifty 50 and the S&P BSE Sensex—fell each trading day since the demonetization except for November 10 and November 22.
Will Demonetization Impact India’s Inflation?
The demonetization that has been in effect since November 9 is expected to have a negative impact on inflation. Consumer spending activity almost stopped.
What Are Cognizant’s Other Strategic Initiatives?
Cognizant’s (CTSH) second strategic initiative is to improve productivity and effectiveness in core transaction processes of enterprises.
A Look at PRITX’s Portfolio Changes So Far in 2016
PRITX aims to invest in established companies that are either headquartered outside of the United States or whose main businesses are carried out outside the United States.
Can Indian Corporate Earnings Take a Turn for the Best?
Are Indian corporate earnings likely to turn around? Earnings have been flat since late 2014.
How Did Infosys’s Major Business Segments Perform in Fiscal 1Q17?
In fiscal 1Q17, revenues for India-based IT firm Infosys (INFY) rose by over 10% year-over-year and by 2.2% quarter-over-quarter.
Food Prices and Monsoon Season: Crucial for India’s Rate Policy
Along with the CPI (consumer price index), India’s Central Statistics Office publishes the CFPI (Consumer Food Price Index). The CFPI accounts for 47% of the overall CPI.
Infosys Signs Major Deals with ConAgra Foods and Welsh Water
In fiscal 2016, Infosys (INFY) was chosen by ConAgra Foods (CAG) as a strategic partner for a multiyear managed services deal.
How Have India’s Industry and Services Sectors Performed?
In its monetary policy statement released on April 5, 2016, the RBI (Reserve Bank of India) said that the GVA (gross value added) by the industry sector “accelerated in H2” primarily due to low input costs.
Economic Growth in India is Strong, but Exports Are Hurting
Data released by India’s CSO (Central Statistics Office) in February 2016 shows that economic growth in India, as measured by its GDP, is expected to be 7.6% in the financial year 2015–2016.
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%.
ARTIX: How Is 2016 Looking so Far for the Fund?
The Artisan International Fund – Investor Class (ARTIX) has been in existence since December 1995.
How Cognizant Hopes to Increase Market Share in 2016
Cognizant’s (CTSH) revenues in 2015 rose by an impressive 21% to $12.4 billion from $10.3 billion in 2014.
Indian Manufacturing Moved into an Expansionary Phase in January
India accounts for about 2.7% of the world’s gross domestic product (or GDP), and manufacturing activity accounts for ~17% of India’s GDP.
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.
Infosys Revenues by Segment: Financial Services Take the Lead
Revenues from the financial services segment of the India-based (EPI) Infosys (INFY) were $663 million in fiscal 3Q16. This is 27.5% of total revenues.
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.
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%.
The Matthews India Fund Portfolio Analyzed
The Matthews India Fund (MINDX) invests mainly in small-cap and mid-cap Indian stocks. As of November 2015, the fund had $1.5 billion in assets under management.
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.
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.
Has the Franklin India Growth Fund Outperformed Its Benchmark?
IGZX has given a return of 4.2% over a period of one year. The fund has outperformed the benchmark index over the past year.
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.
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.
Accenture Reported Mixed Quarterly Results
Accenture (ACN) has a market cap of $63.87 billion. Accenture’s YTD (year-to-date) performance rose until the earnings report in 4Q15.
Accenture’s Recent 3Q15 Earnings Report Reveals Flat YoY Revenues
Accenture reported 3Q15 revenues of ~$8.28 billion, compared to $8.24 billion in 3Q14. Its gross profits for 3Q15 were $2.52 billion, a 0.43% YoY decline.
Introducing Accenture, the Largest Global IT Consulting Firm in Revenues
Accenture is one of the world’s largest multinational technology services, management consulting, and outsourcing companies and is headquartered in Dublin.
The Malaysian Ringgit Falls to a 17-Year Low
The week ending 14 August, 2015, saw the US-dollar-to-Malaysian-ringgit (USD-MYR) currency pair fall below the psychologically significant level of 4.0.
Asian Currencies Follow China’s Cue of Yuan Devaluation
The PBOC (People’s Bank of China) surprised markets and devalued their currency by 2% against the US dollar on the back of some weak data
Hedged Equity Funds: Must-Knows for Foreign Investment
In order to reduce currency risk and benefit from potential growth opportunities globally, you can use hedged equity currency ETFs.
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?
The Booming Indian Stock Market: Will It Last?
Indian stocks had a strong run in the last half of 2014 through early 2015, but the ride since then hasn’t been smooth. The INDA is up only 2.6% in the one year ended June 2015.
Foreign Direct Investment in India Up 61% since Last Year
It appears that Modi’s trips abroad are working, and that his schemes and plans have attracted foreign direct investment into the country.
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.
Why India’s services sector increased its share in GDP
According to data for fiscal year 2013, the financing, insurance, real estate, and business services segment had the largest share. It contributed over 19% to the overall GDP.