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Quotes On RBI Monetary Policy by Lakshmi Iyer, Kotak Mahindra Asset Management Company Below is quote on Monetary Policy by Lakshmi Iyer, Chief Investment Officer (Debt) & Head Products, Kotak Mahindra Asset Management Company  50 bps repo rate hike delivered was in line with expectation. Growth forecast was lowered marginally and CPI forecasts unchanged, which is what we had estimated. Key concerns seem to emanating from global factors and to a lesser extent domestic events. The RBI also is mindful of the currency movements given USD strength. We view the...
Quotes On RBI Monetary Policy by Lakshmi Iyer, Kotak Mahindra Asset Management Company
Quotes On RBI Monetary Policy by Lakshmi Iyer, Kotak Mahindra Asset Management Company
Source: Kotak Mahindra Asset Management Company Ltd
30/09/2022 2:03:02 PM
In such a scenario, investors could look at target maturity funds: Lakshmi Iyer  Lakshmi Iyer, Chief Investment Officer (Debt) & Head Products, Kotak Mahindra Asset Management Company said that investors in a current scenario could look at target maturity funds from a passive ownership standpoint as well as funds like medium duration and dynamic bond funds. Here are the excerpts from the interview: Q: How do you see bond markets and yields if a long-awaited global index inclusion fails to take place once again? A: We expect the announcement of index i...
In such a scenario, investors could look at target maturity funds: Lakshmi Iyer
In such a scenario, investors could look at target maturity funds: Lakshmi Iyer
Source: IANS
22/09/2022 3:51:07 PM
Potential global growth slowdown headwinds could linger on in terms of domestic sentiments Says Lakshmi Iyer, Kotak Mutual Fund Below is View on GDP Data by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “Q1FY23 GDP robust growth data was on expected lines given the low base of last year as also recovery in key industries and services sector. However, this may not lead to much reaction in Indian bond yields as the key focus for debt markets would hinge on direction of US treasuries and dollar index movement. Also key to note is potential global growth slowdown headwinds could linger...
Potential global growth slowdown headwinds could linger on in terms of domestic sentiments Says Lakshmi Iyer, Kotak Mutual Fund
Potential global growth slowdown headwinds could linger on in terms of domestic sentiments Says Lakshmi Iyer, Kotak Mutual Fund
Source: Kotak Securities
1/09/2022 12:06:17 PM
Kotak Mutual Fund sees India`s bond yields confined in tighter ranges Falling global oil prices and tempering inflation levels will keep Indian bond yields in tighter ranges and cause longer term yields to compress further, says Kotak Mahindra Asset Management Company. Lakshmi Iyer, chief investment officer for debt and head products at Kotak expects the benchmark bond yield to trade in a range of 10-15 basis points from its current levels, tighter than the 22-25 bps range in June and July. She also expects the yield on the new 10-year bond being auctione...
Kotak Mutual Fund sees India`s bond yields confined in tighter ranges
Kotak Mutual Fund sees India`s bond yields confined in tighter ranges
Source: Reuters
18/08/2022 3:38:54 PM
View on Monetary Policy August 2022 by Lakshmi Iyer, Kotak Mutual Fund Below is View on Monetary Policy August, 2022 by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “RBI MPC voted unanimously hike repo rate by 50 bps to 5.4% - taking to pre pandemic levels. RBI MPC is line with our expectations. Inflation seems to be at the forefront of the move as they maintained CPI forecasts intact at 6.7% for FY 23. To us, this means we are not done with rate hiking cycle yet and we could brace for continued northward journey in rates. Withdr...
View on Monetary Policy August 2022 by Lakshmi Iyer, Kotak Mutual Fund
View on Monetary Policy August 2022 by Lakshmi Iyer, Kotak Mutual Fund
Source: PR Agency
5/08/2022 4:15:10 PM
View on Pre-Monetary Policy June, 2022 by Lakshmi Iyer, Kotak Mutual Fund Below is View on Pre-Monetary Policy  June, 2022 by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “The off-cycle rate hike has stoked expectations of front loading of rate hike decisions by RBI. With US not yet relenting on moderating pace and quantum of rate hikes, and inflation not showing immediate signs of abating, it seems yet another slam dunk decision to hike rates in the upcoming policy. Quantum of rate hike (40-50bps in our view) will be a key det...
View on Pre-Monetary Policy June, 2022 by Lakshmi Iyer, Kotak Mutual Fund
View on Pre-Monetary Policy June, 2022 by Lakshmi Iyer, Kotak Mutual Fund
Source: PR Agency
4/06/2022 12:19:36 PM
View on Monetary Policy  April 2022 by Lakshmi Iyer, Kotak Mutual Fund Below are View on Monetary Policy  April, 2022 by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “The policy left key rates unchanged, however has introduced SDF ( standing deposit facility ) at 3.75%  this effectively means the overnight rates will Have a floor of 3.75% ( rise by 40bps) This policy, in some sense, is a Segway to tightening policy rates in the coming months. Expect yields to rise across the curve to reflect the policy stance. Key to se...
View on Monetary Policy  April 2022 by Lakshmi Iyer, Kotak Mutual Fund
View on Monetary Policy  April 2022 by Lakshmi Iyer, Kotak Mutual Fund
Source: PR Agency
8/04/2022 3:07:52 PM
View on Post-Monetary Policy December 2021 By Lakshmi Iyer, Kotak Mahindra Asset Management Company Below are view on Post-Monetary Policy December 2021 By Lakshmi Iyer, CIO – Debt & Head – Products, Kotak Mahindra Asset Management Company- “In what seemed like a close call, the RBI MPC chose to maintain status quo on key benchmark rates. No material changes to growth and inflation forecasts too. This suggests RBIs caution on the recent developments on the pandemic front. While 14 day VRRR amount has been increased in a graded manner, there ...
View on Post-Monetary Policy December 2021 By Lakshmi Iyer, Kotak Mahindra Asset Management Company
View on Post-Monetary Policy December 2021 By Lakshmi Iyer, Kotak Mahindra Asset Management Company
Source: PR Agency
8/12/2021 3:34:31 PM
View on Pre- Monetary Policy December 2021 By Lakshmi Iyer, Kotak Mahindra Asset Management Company Below are view on Pre- Monetary Policy December 2021 By Lakshmi Iyer, CIO – Debt & Head – Products, Kotak Mahindra Asset Management Company- “As the cobwebs being to clear wrt policy making front, world central bankers are grappling with the debut of the Omicron variant of Covid virus! The path to normalisation has begun across the world, including India, and is less likely to stop for now. We therefore expect a reasonably high chance of 15/20...
View on Pre- Monetary Policy December 2021 By Lakshmi Iyer, Kotak Mahindra Asset Management Company
View on Pre- Monetary Policy December 2021 By Lakshmi Iyer, Kotak Mahindra Asset Management Company
Source: PR Agency
3/12/2021 3:31:43 PM
Quote on AMFI data by Lakshmi Iyer, Kotak Mutual Fund Below is quote on AMFI data by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “August month saw continued flows in floating rate category in fixed income with net sales of nearly Rs. 10,000 crore. Anticipation of tighter liquidity conditions due to RBI announcement of additional VRRR could have prompted this move. Categories like medium to long term, gilt etc. also saw positive net sales as the steep yield curve offers cushion to any potential abrupt r...
Quote on AMFI data by Lakshmi Iyer, Kotak Mutual Fund
Quote on AMFI data by Lakshmi Iyer, Kotak Mutual Fund
Source: PR Agency
8/09/2021 4:01:02 PM
Quote on July AMFI data by Lakshmi Iyer, Kotak Mutual Fund Below is quote on July AMFI data by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund "July was a good month for net flows in fixed income after a tepid June month due to quarter end. Equity oriented funds saw over Rs 22,000 crore of net sales, highest so far in CY 2021 buoyed by positive sentiments in equity markets and robust NFO collections. For the first time this CY, we have seen a negative net sales in Gold ETFs, though a very meagre amount of Rs 61 ...
Quote on July AMFI data by Lakshmi Iyer, Kotak Mutual Fund
Quote on July AMFI data by Lakshmi Iyer, Kotak Mutual Fund
Source: PR Agency
10/08/2021 8:38:59 AM
View on RBI Monetary Policy August 2021 by Lakshmi Iyer, Kotak Mutual Fund Below are View on RBI Monetary Policy August 2021 by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “The RBI MPC left key rates unchanged – on expected lines. The accommodation bias was maintained too, however with 5-1 (1 member dissenting). The Variable rev repos (VRRR) amt was also graded increased from INR 2 tn to INR 4tn over next 1 month. This policy has embarked on liquidity normalisation as a start point, being mindful of growth drivers as well. We ...
View on RBI Monetary Policy August 2021 by Lakshmi Iyer, Kotak Mutual Fund
View on RBI Monetary Policy August 2021 by Lakshmi Iyer, Kotak Mutual Fund
Source: PR Agency
6/08/2021 12:49:48 PM
View on RBI Pre-Monetary Policy August 2021 by Lakshmi Iyer, Kotak Mutual Fund Below are View on RBI Pre-Monetary Policy August 2021 by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “The MPC meets at the cusp of a visibly sticky inflation, nudging growth phase and a fluid pandemic situation world over. The central banker is mostly likely to maintain a status quo on rates  being mindful of growth and wait for more data points on inflation front. There could be some steps towards normalisation of liquidity via increased tenor and/or qu...
View on RBI Pre-Monetary Policy August 2021 by Lakshmi Iyer, Kotak Mutual Fund
View on RBI Pre-Monetary Policy August 2021 by Lakshmi Iyer, Kotak Mutual Fund
Source: PR Agency
3/08/2021 3:01:13 PM
Views on Monetary Policy June,2021 by Lakshmi Iyer, Kotak Mutual Fund Below are View on Monetary Policy by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “The RBI MPC was about G & G – Growth forecasts for FY 22 were lowered by 1% while GSAP amt for Q2 FY 22 was increased to INR 1 tn (INR 1 tm in Q1). While CPI inflation forecasts have been increased, immediate demand side pressures may not be a concern due to the pandemic. Inclusion of SDL is GSAP is a good move to help ease some pressure on State loans. Bond yields are...
Views on Monetary Policy June,2021 by Lakshmi Iyer, Kotak Mutual Fund
Views on Monetary Policy June,2021 by Lakshmi Iyer, Kotak Mutual Fund
Source: Kotak Mutual Fund
4/06/2021 1:04:51 PM
Pre-Monetary Policy view by Lakshmi Iyer, Kotak Mutual Fund Below are Quote on Pre-Monetary Policy view by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “While policy rates are likely to be unchanged, it will be key to see of RBI MPC suggests any changes to growth forecast. Q1 FY 22 so far has been muted given the pandemic and resultant localised lockdowns. Bond markets would also be eager to see GSAP 2.0 announcement for Jul- Sep quarter, as government bond supply may not be met with commensurate demand. Bottomlin...
Pre-Monetary Policy view by Lakshmi Iyer, Kotak Mutual Fund
Pre-Monetary Policy view by Lakshmi Iyer, Kotak Mutual Fund
Source: Kotak Mutual Fund
3/06/2021 12:05:29 PM
Monetary Policy View by Lakshmi Iyer, Kotak Mutual Fund Below are Views On Monetary Policy View by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “The RBI MPC voted for a status quo in line with our and market expectations. The move to introduce G-SAP – secondary market GSec acquisition program is a master stroke by the RBI. This would reign in sharp spike in GSec bond yields. Introduction of long term VRRR (variable rate reverse repo) is an extension towards normalising liquidity. Liquidity surplus however wil...
Monetary Policy View by Lakshmi Iyer, Kotak Mutual Fund
Monetary Policy View by Lakshmi Iyer, Kotak Mutual Fund
Source: Kotak Mutual Fund
7/04/2021 1:46:50 PM
Pre-Monetary Policy View by Lakshmi Iyer, Kotak Mutual Fund Below are Views On Pre-Monetary Policy View by Lakshmi Iyer, CIO (Debt) & Head Products, Kotak Mutual Fund “The upcoming policy is against a backdrop of nascent recovery and fears of our country seeing resurgence of the pandemic. The MPC members will yet another time have to do the tight rope walk in such a scenario, being mindful of stretching the elastic too wide. We are therefore of the view that the case for status quo and extended pause remains. The last thing the centr...
Pre-Monetary Policy View by Lakshmi Iyer, Kotak Mutual Fund
Pre-Monetary Policy View by Lakshmi Iyer, Kotak Mutual Fund
Source: Kotak Mutual Fund
1/04/2021 2:47:05 PM
RBI Monetary Policy by Lakshmi Iyer, Kotak Mahindra Asset Management Company Below are Views On RBI Monetary Policy by Lakshmi Iyer, CIO - Debt & Head - Products, Kotak Mahindra Asset Management Company “RBI maintained the policy repo rate at 4% and reverse repo rate at 3.35%. The MPC also decided to continue with the accommodative stance as long as it is necessary (at least during the current financial year and into the next year) to revive growth and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the ta...
RBI Monetary Policy by Lakshmi Iyer, Kotak Mahindra Asset Management Company
RBI Monetary Policy by Lakshmi Iyer, Kotak Mahindra Asset Management Company
Source: Kotak Mahindra Asset Management Company Ltd
5/02/2021 12:50:49 PM