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Sectorial outlook for Two Wheeler industry by George Thomas, Quantum AMC Post the recent market rally, valuations have caught up across most sectors. In the current market environment, it is prudent to invest in sectors which has potential for a revival in earnings trajectory and trading around reasonable valuation. Few two-wheeler OEMs (Original Equipment Manufacturers) fit the bill. In the past few years, Two-wheeler companies witnessed a revision in emission standards creating the need to enhance the existing systems. Rapid increase in commodity costs furthe...
Sectorial outlook for Two Wheeler industry by George Thomas, Quantum AMC
Sectorial outlook for Two Wheeler industry by George Thomas, Quantum AMC
Source: PR Agency
29/08/2023 4:50:34 PM
Monthly Equity View August 23 by Christy Mathai, Quantum AMC Below Equity View August 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund   The S&P BSE Sensex rose by 2.8% in the month of August, supported by corporate earnings and strong flows. S&P BSE Midcap Index & S&P BSE Small cap Index increased by 5.8% and 7.5% respectively. Almost all major sectors were positive with Realty, Utilities, Capital goods, Metals, Healthcare and Telecom leading the index. The results reported so far, points...
Monthly Equity View August 23 by Christy Mathai, Quantum AMC
Monthly Equity View August 23 by Christy Mathai, Quantum AMC
Source: Quantum AMC
11/08/2023 5:15:34 PM
Pre RBI Policy expectation quote by Pankaj Pathak, Quantum AMC Below Quote On Pre RBI Policy expectations By Pankaj Pathak, Fund Manager - Fixed Income, Quantum Mutual Fund   Since the last RBI policy, inflationary pressures have increased. Sharp jumps in vegetable prices have pushed expected inflation for the next 2-3 months above 6%. Cereal and pulse prices have also moved up. On this backdrop, the RBI should turn extra cautious at the upcoming MPC meeting.  We expect the RBI to remain on hold and maintain its policy s...
Pre RBI Policy expectation quote by Pankaj Pathak, Quantum AMC
Pre RBI Policy expectation quote by Pankaj Pathak, Quantum AMC
Source: Quantum AMC
4/08/2023 5:30:05 PM
August 2023 - Monthly Gold Outlook By Chirag Mehta & Ghazal Jain, Quantum AMC Gold Outlook for June 2023 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager- Alternative Investment, Quantum AMC   Gold started July on a subdued note, trading near $1900 per ounce levels with the backdrop of the Fed’s hawkish hold in June. Prices gradually moved up during the month as investors stuck to bets of one final interest rate hike in July. The probability that the Fed will raise its benchmark rate by 25 basis points to a range of 5.25%-5.50% in July was above 90...
August 2023 - Monthly Gold Outlook By Chirag Mehta & Ghazal Jain, Quantum AMC
August 2023 - Monthly Gold Outlook By Chirag Mehta & Ghazal Jain, Quantum AMC
Source: Quantum AMC
2/08/2023 1:39:22 PM
Comment on US FED : Gold prices to largely remain range bound By Ghazal Jain, Quantum AMC Below the Comment on US FED announcement by Ghazal Jain, Fund Manager, Quantum AMC Comment : The American central bank raised interest rates to a 22-year high yesterday. But despite this seemingly hawkish move, gold markets are looking firm given that a) this move was largely priced in and b) this meeting is being perceived as slightly less hawkish than the one in June where Chairman Powell alluded to 2 more rate hikes in 2023. This is evident from interest rate futures which post ...
Comment on US FED : Gold prices to largely remain range bound By Ghazal Jain, Quantum AMC
Comment on US FED : Gold prices to largely remain range bound By Ghazal Jain, Quantum AMC
Source: PR Agency
27/07/2023 2:36:36 PM
Comment on New Market High By George Thomas, Quantum AMC Below the Quote By George Thomas, Fund Manager- Equity , Quantum AMC. Domestic economic environment looks favorable for persistence of current earnings upcycle in the medium term. Healthy credit demand is indicative of a strong economic environment. India’s economic resilience amid global slow-down could attract FII flows in the medium term, potentially giving more legs to the current rally. Incremental data points across the globe suggest a possibility of faster than expected m...
Comment on New Market High By George Thomas, Quantum AMC
Comment on New Market High By George Thomas, Quantum AMC
Source: PR Agency
17/07/2023 2:17:19 PM
Monthly Gold Outlook For July-2023 By Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC Below Gold Outlook For July-2023 By Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC   Gold Outlook: July 2023 UPDATE With a US default averted for the time being, financial markets started June with optimism only to be rudely shocked by hawkish central bank surprises. The Reserve Bank of Australia and the Bank of Canada restarted hiking rates after pausing briefly. Bank of England turned aggressive again and increased its benchmark rate by 50 basis points after...
Monthly Gold Outlook For July-2023 By Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC
Monthly Gold Outlook For July-2023 By Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC
Source: Quantum AMC
5/07/2023 4:23:35 PM
Comment on Market All time high today by Christy Mathai, Quantum AMC  Below the comment on Market All time high today by Christy Mathai, Fund Manager- Equity , Quantum AMC Indian markets are at an all-time high, driven by strong inflows from the FII the past few months. From a macro standpoint, India stands out relative to peer countries, with inflation moderating ,investing activity and growth picking up. Growth hurdles of Indian economy has corrected to a large extent. Infrastructure has been improving consistently, corporate balance sheet strength h...
Comment on Market All time high today by Christy Mathai, Quantum AMC
Comment on Market All time high today by Christy Mathai, Quantum AMC
Source: PR Agency
28/06/2023 4:26:44 PM
Debt Monthly Observer for June 2023 by Pankaj Pathak, Quantum AMC Monetary policy in India is entering a new phase.Over the past two reviews (April and June) the RBI’s Monetary Policy Committee (MPC) decided to “pause” the rate hiking cycle. The decision to pause was supported by confluence of factors such as: * falling growth and inflation globally * slowing pace of rate hikes in advanced economies * sharp deceleration in domestic inflation * high real interest rates * and, pending passthrough of past rate hikes into the...
Debt Monthly Observer for June 2023 by Pankaj Pathak, Quantum AMC
Debt Monthly Observer for June 2023 by Pankaj Pathak, Quantum AMC
Source: PR Agency
27/06/2023 3:14:51 PM
Comment on US FED policy : International gold prices corrected post the Federal Reserve`s policy announcement on 14th June by Ghazal Jain, Quantum AMC Below the Comment on US FED policy by Ghazal Jain, Fund Manager, Quantum AMC   Comment International gold prices corrected post the Federal Reserve’s policy announcement on 14th June. As expected, the central bank left the benchmark federal funds rate in a target range of 5% to 5.25%. But before markets could rejoice this apparent dovish move, they were rudely shocked by the FOMC’s updated 2023 economic forecasts which put another 50 basis po...
Comment on US FED policy : International gold prices corrected post the Federal Reserve`s policy announcement on 14th June by Ghazal Jain, Quantum AMC
Comment on US FED policy : International gold prices corrected post the Federal Reserve`s policy announcement on 14th June by Ghazal Jain, Quantum AMC
Source: Quantum AMC
15/06/2023 4:46:26 PM
'Attractiveness of gold depends on US Fed's moves'  The weakness in the US dollar and the likelihood of the US Federal Reserve hitting the pause button on interest rate hike made gold attractive, said an analyst. "Markets now see a 77.2 per cent chance of rates remaining unchanged in the June meeting (of US Federal Reserve). Meanwhile, dollar index and bond yields retreated from their recent peak, dollar index was down by 0.73 per cent and settled at 103.56 level in the previous session. Weakness in US dollar and expectation of a...
'Attractiveness of gold depends on US Fed's moves'
'Attractiveness of gold depends on US Fed's moves'
Source: IANS
3/06/2023 9:39:17 AM
June-2023 : Gold Outlook By Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC Gold Outlook for June 2023 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager- Alternative Investment, Quantum AMC   Gold prices started May on a high with the background of pain in the US banking sector leading to global risk aversion. Also supporting prices was the Fed policyat the start of the month where the Fed chair hinted at flexibility and a meeting-by-meeting approach which was considered dovish by markets. Markets were pricing in a 90% chance of a pause in rate hikes in...
June-2023 : Gold Outlook By Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC
June-2023 : Gold Outlook By Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC
Source: Quantum AMC
2/06/2023 11:21:26 AM
IT Sector by George Thomas, Fund Manager-Equity , Quantum Mutual Fund Indian IT companies have been under pressure triggered by an imminent global slowdown and recent events in US Banks triggering fears of a global banking crisis. Cautiousness among Indian IT companies also emanates from the fact that ~30% of its revenue is derived from the BFSI (Banking, Financial Services and Insurance) sector. While it is natural to see a moderation in growth following heightened tech spends over the past two years, the growth in IT spendingover the long term is likely to be...
IT Sector by George Thomas, Fund Manager-Equity , Quantum Mutual Fund
IT Sector by George Thomas, Fund Manager-Equity , Quantum Mutual Fund
Source: Quantum AMC
17/05/2023 5:08:10 PM
May 2023 : Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for May 2023 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC April Recap Gold, barring some rangebound movement, held its ground for most of April as markets seemed to havepriced in the Federal Reserve’s “final” rate hike in this tightening cycle to come in on May 3rd. In the background, the US economy continued to witness mixed macros. Headline inflation in the US cooled to 5% in March from 6% in the previous month. This reading wa...
May 2023 : Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
May 2023 : Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
8/05/2023 4:15:21 PM
Monthly Debt View for May 2023 by Pankaj Pathak, Quantum AMC Below Monthly Debt View for May 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Indian bonds yields came down sharply in April after the surprise pause in the rate hiking cycle (against market consensus expectation of 25bps hike) at start of the month. The downward momentum in yields was further boosted by the lower-than-expected inflation print for March which came in at 5.66% vs consensus estimate of ~5.9%. The 10-year benchmark government bond (Gsec) yield...
Monthly Debt View for May 2023 by Pankaj Pathak, Quantum AMC
Monthly Debt View for May 2023 by Pankaj Pathak, Quantum AMC
Source: Quantum Mutual Fund
8/05/2023 4:03:12 PM
May 2023 : Monthly Equity View by George Thomas, Quantum AMC The S&P BSE Sensex rose by 3.6% in the month of April, supported by stable macros and corporate earnings. S&P BSE Midcap Index & S&P BSE Small cap Index increased by 6.0% and 7.3% respectively. A rate hike pause by RBI triggered a rally in realty and auto stocks. Barring IT and consumer durables, all sectoral indices outperformed Sensex. Global indices had mixed performance during the month. S&P 500 advanced by 1.6%, broader MSCI EM index declined by 1.1% and MSCI World...
May 2023 : Monthly Equity View by George Thomas, Quantum AMC
May 2023 : Monthly Equity View by George Thomas, Quantum AMC
Source: Quantum AMC
8/05/2023 2:35:56 PM
Gold Investment on the occasion of Akshay Tritiya By Ghazal Jain, Quantum AMC Below is Gold Investment on the occasion of Akshay Tritiya By Ghazal Jain, Associate Fund  Manager – Alternative Investments, Quantum AMC On auspicious days like Akshaya Tritiya, we Indians always turn to gold. The precious metal’s imperishable and timeless qualities make it an ideal pick on such days that mark prosperity and wealth in Indian culture.If someone bought gold last Akshaya Tritiya, which was an opportune time, gold has given returns upwards of 15% since t...
Gold Investment on the occasion of Akshay Tritiya By Ghazal Jain, Quantum AMC
Gold Investment on the occasion of Akshay Tritiya By Ghazal Jain, Quantum AMC
Source: Quantum AMC
19/04/2023 5:58:20 PM
Monthly Debt View for April 2023 by Pankaj Pathak, Quantum AMC Below Monthly Debt View for April 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Monthly Fixed Income Commentary In March, Indian bond yields easedby 5-20 basis points across the maturity curve. The benchmark 10-year government bond (Gsec) yield fell by 12 basis pointsto end the month at 7.31%. The rally in the Indian bond market was primarily in response to a sharp drop in the US treasury yields. The 10-year US treasury yield fell by 42 basis points in M...
Monthly Debt View for April 2023 by Pankaj Pathak, Quantum AMC
Monthly Debt View for April 2023 by Pankaj Pathak, Quantum AMC
Source: Quantum Mutual Fund
11/04/2023 3:13:15 PM
Equity Outlook April 2023 Christy Mathai, Quantum AMC Below Equity Outlook April 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund The S&P BSE SENSEX was flat at 0.05% on a total return basis in the month of March 2023 while S&P BSE Midcap Index & S&P BSE Small cap Index declined by -0.3% and -1.3% respectively.  Utilities, Energy, FMCG, Capital goods, and Healthcare outperformed the index with meaningful positive returns. IT, Auto, and Realty sectors witnessed a decline w.r.t index for the month...
Equity Outlook April 2023 Christy Mathai, Quantum AMC
Equity Outlook April 2023 Christy Mathai, Quantum AMC
Source: Quantum Mutual Fund
10/04/2023 4:51:40 PM
The governor made special efforts to sound hawkish by singling out this rate pause as onetime Says Pankaj Pathak, Quantum AMC Below is Comment on the RBI Policy By Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC The hawkish tone in the February policy statement and surprise jump in Inflation in the last month had fuelled an expectation of a rate hike in this policy. Thus, a ‘no rate hike’ was a positive surprise. The governor made special efforts to sound hawkish by singling out this rate pause as onetime deviation from its broader monetary policy path. Despite the use of Phrases like &lsq...
The governor made special efforts to sound hawkish by singling out this rate pause as onetime Says Pankaj Pathak, Quantum AMC
The governor made special efforts to sound hawkish by singling out this rate pause as onetime Says Pankaj Pathak, Quantum AMC
Source: Quantum AMC
6/04/2023 4:51:12 PM
April 2023 : Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for April - 2023 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC March saw the Fed pivot narrative come back in a big way as a regional banking crisis in the United States made the economic impact of higher interest rates apparent. We had highlighted the possibility of such events in our October 2022 Gold outlook. Amid concerns of the crisis spilling over to other parts of the economy, investors rushed to the relative safety of gold, pushing the metal’s...
April 2023 : Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
April 2023 : Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
4/04/2023 5:02:10 PM
Debt Monthly Observer for March 2023 by Pankaj Pathak, Quantum AMC Yield Curve Inversion Ahead Indian money markets have tightened meaningfully over the last one and a half month. Interest rates on the short-term debt instruments like treasury bills, commercial papers, certificate of deposits, etc. shot up by 50-70 basis points (100 basis points = 1%) since the start of February 2023. While longer term bond yields moved up only marginally by 3-6 basis points. Table – I: Short-term yields moved up more than Longer term yields. Short-te...
Debt Monthly Observer for March 2023 by Pankaj Pathak, Quantum AMC
Debt Monthly Observer for March 2023 by Pankaj Pathak, Quantum AMC
Source: Quantum Mutual Fund
24/03/2023 4:48:59 PM
Monthly Debt View for March 2023 by Pankaj Pathak, Quantum AMC Below Monthly Debt View for March 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Bond yields moved up in February due to hawkish RBI commentary, higher than expected inflation print, and a sharp jump in the US treasury yield. Tightness in the money markets ahead of the financial year closing also dampened the market sentiment. The 10-year Indian government bond (Gsec) yield rose 11 basis points (1%=100 basis points) in February to close at 7.46% on Febr...
Monthly Debt View for March 2023 by Pankaj Pathak, Quantum AMC
Monthly Debt View for March 2023 by Pankaj Pathak, Quantum AMC
Source: Quantum Mutual Fund
9/03/2023 1:19:36 PM
March 2023: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for March - 2023 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC After a close to 6% jump in January, spurred by market optimism about US inflation slowing down and the Federal Reserve turning dovish, gold gave up ~5% in February ending the month close to $1810 per ounce levels, with hawkish repricing of US monetary policy to blame. Correction in domestic gold prices was limited to ~3% in the month aided by a depreciating rupee. The US economy added 5,00,0...
March 2023: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
March 2023: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
2/03/2023 5:03:49 PM
Monthly Debt View for February 2023 by Pankaj Pathak, Quantum AMC Below Monthly Monthly Debt View for February 2023 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund Indian fixed income market has a dull start in 2023 so far. Bond yields had been in a narrow range with the 10-year G-sec trading between 7.25%-7.35% for most part of the last two months before closing the January month at 7.33%. On February 8, 2023, the 10 year G-sec was at 7.34% In the money market, yields moved higher materially due to continued tightening in the l...
Monthly Debt View for February 2023 by Pankaj Pathak, Quantum AMC
Monthly Debt View for February 2023 by Pankaj Pathak, Quantum AMC
Source: Quantum Mutual Fund
9/02/2023 4:47:18 PM
The RBI seems concerned about the sticky core Inflation Says Pankaj Pathak, Quantum AMC Below is Comment on the RBI Policy By Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC The policy was broadly in line with the market expectations though we were expecting a pause in the rate hiking cycle this time. The RBI seems concerned about the sticky core Inflation while they are relatively more comfortable with the growth outlook. In the last 10 months, the repo rate has been hiked by cumulative 250 basis points and the short-term money market rates have moved up by over 300...
The RBI seems concerned about the sticky core Inflation Says Pankaj Pathak, Quantum AMC
The RBI seems concerned about the sticky core Inflation Says Pankaj Pathak, Quantum AMC
Source: Quantum AMC
8/02/2023 4:44:59 PM
We expect the RBI will pause the rate hiking cycle in the February meeting Says Pankaj Pathak, Quantum AMC Below is Comment on Pre - RBI Monetary Policy By Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC Inflation has come down substantially over the last three months and showing further downward momentum. External conditions have also eased with slower rate hikes in the US. RBI’s foreign exchange reserves have also increased over the last few months. All these developments Reserves should provide comfort to the RBI. We expect the RBI will pause the rate hiking cycle in the February...
We expect the RBI will pause the rate hiking cycle in the February meeting Says Pankaj Pathak, Quantum AMC
We expect the RBI will pause the rate hiking cycle in the February meeting Says Pankaj Pathak, Quantum AMC
Source: Quantum AMC
3/02/2023 5:32:57 PM
February 2023: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for February - 2023 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC Gold started the new year on a cheery note, up ~6% in January in dollar terms and ~4% in rupee terms. Underpinning the rally was annual inflation in the US slowing for a sixth straight month to 6.5% in December, raising hopes of smaller rate hikes from the Federal Reserve in Q1’23 and rate cuts later in the year. The yellow metal benefitted from a softer USD environment and lower US Tre...
February 2023: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
February 2023: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
3/02/2023 5:24:33 PM
Post Budget Analysis : The government has done a fine balancing act of boosting capital expenditure Says Pankaj Pathak,Quantum AMC Below is post budget comment by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC The government has done a fine balancing act of boosting capital expenditure while consolidating the fiscal deficit. The quality of government expenditure has improved consistently in the last three years with capex to total expenditure rising from 12% in FY21 to 22% in FY24. This should enhance future growth potential of the economy and should lead to higher revenues for the government over medium ...
Post Budget Analysis : The government has done a fine balancing act of boosting capital expenditure Says Pankaj Pathak,Quantum AMC
Post Budget Analysis : The government has done a fine balancing act of boosting capital expenditure Says Pankaj Pathak,Quantum AMC
Source: Quantum AMC
1/02/2023 6:06:24 PM
Post Budget Comment : Agri push will help the rural economy improve by boosting employment and incomes Says Chirag Mehta, Quantum AMC Below is Post Budget Comment By Chirag Mehta, CIO, Quantum AMC As expected, the budget is heavy on Capex (at 10 lakh crore, increase of 37% from FY23 revised estimates) which is needed to ensure the cyclical recovery continues. Infra (railways 2.4 lakh crore, 50 new airports and clean energy 35,000 crores) along with the Agri push will help the rural economy improve by boosting employment and incomes. Allocation to affordable housing of 79,000 crores, increase of 66%, will also h...
Post Budget Comment : Agri push will help the rural economy improve by boosting employment and incomes Says Chirag Mehta, Quantum AMC
Post Budget Comment : Agri push will help the rural economy improve by boosting employment and incomes Says Chirag Mehta, Quantum AMC
Source: Quantum AMC
1/02/2023 3:42:39 PM
Gold shines brighter on Friday as prices rise Gold on Thursday got more sheen with the price of the 24 karat yellow metal touching Rs 56,290/10 grams. According to Quantum AMC's Fund Manager- Alternative Investments Ghazal Jain, gold prices are on uptrend since November 2022 amid moderating US CPI numbers and nticipation of a less aggressive Federal Reserve. The US dollar as well as US yields have begun to cool off, which has been supporting gold. Other secondary factors weighing on prices have been robust gold buying by global...
Gold shines brighter on Friday as prices rise
Gold shines brighter on Friday as prices rise
Source: IANS
14/01/2023 10:13:41 AM
International gold prices have been on an uptrend since November By Ghazal Jain, Quantum AMC Below is Comment on Gold Price hike today by Ghazal Jain, Fund Manager- alternative Investment, Quantum AMC What are the factors driving prices of gold? International gold prices have been on an uptrend since November amid moderating US CPI numbers and anticipation of a less aggressive Federal Reserve. The US dollar as well as US yields have  begun to cool off which have been supporting gold. Other secondary factors weighing on prices have been robust gold buying by global central ...
International gold prices have been on an uptrend since November By Ghazal Jain, Quantum AMC
International gold prices have been on an uptrend since November By Ghazal Jain, Quantum AMC
Source: Quantum AMC
13/01/2023 5:31:25 PM
Government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth Says Pankaj Pathak, Quantum AMC Below Note on Union Budget Expectations 2023-2024 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC Government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth and higher than budgeted growth in nominal GDP. The CSO, in its first advance estimates, has pegged the nominal GDP at Rs. 273 trillion as against budget estimate of Rs. 258 trillion. The higher denominator alone will reduce the fiscal deficit by 0.36% of GDP. Additi...
Government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth Says Pankaj Pathak, Quantum AMC
Government will most likely meet its fiscal deficit aim of 6.4% of GDP in FY23 aided by robust tax revenue growth Says Pankaj Pathak, Quantum AMC
Source: PR Agency
13/01/2023 11:52:24 AM
December 2022 : Monthly Equity Outlook By George Thomas, Quantum AMC Monthly Equity Outlook for December 2022 by George Thomas, Associate Fund Manager, Quantum AMC The S&P BSE SENSEX advanced by 3.9% on a total return basis in the month of Nov 2022 while S&P BSE Midcap Index & S&P BSE Small cap Index advanced by 2.5% each. The rally was fuelled by easing inflation (CPI for Oct-22 at 6.8% Vs 7.4% in Sep-22, WPI at 8.4% in Oct-22 Vs 10.7% in Sep-22), moderation in crude prices (Brent Crude price declined by 7.9%in Nov) and Fed’s indicati...
December 2022 : Monthly Equity Outlook By George Thomas, Quantum AMC
December 2022 : Monthly Equity Outlook By George Thomas, Quantum AMC
Source: Quantum AMC
8/12/2022 3:41:04 PM
The bond market will be disappointed with the hawkish commentary from the RBI Says Pankaj Pathak, Quantum AMC Below Comment on RBI Policy by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC The policy was broadly in line with the market expectation. The fact that the RBI kept the policy stance unchanged as ‘withdrawal of accommodation’ indicates the door is open for a further hike in the policy repo rate. The terminal rate expectation in the bond market has moved up to 6.5%.     Aggressive monetary tightening in the advanced economies will continue to weigh...
The bond market will be disappointed with the hawkish commentary from the RBI Says Pankaj Pathak, Quantum AMC
The bond market will be disappointed with the hawkish commentary from the RBI Says Pankaj Pathak, Quantum AMC
Source: PR Agency
7/12/2022 1:59:27 PM
RBI Monetary Policy expectations By Pankaj Pathak, Quantum AMC Below Comment on RBI Monetary Policy expectations By Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC With a fall in commodity prices and some early signs of inflation coming down, the RBI may choose to slow down the pace of rate hikes. We expect the RBI to deliver a lower rate hike of 25 basis points in the upcoming meeting. Monetary policy often works with a long lag. The impact of past rate hikes and liquidity tightening measures is yet to be seen. Thus, there is a risk of ...
RBI Monetary Policy expectations By Pankaj Pathak, Quantum AMC
RBI Monetary Policy expectations By Pankaj Pathak, Quantum AMC
Source: PR Agency
6/12/2022 2:12:24 PM
RBI Monetary Policy expectations By Pankaj Pathak, Quantum AMC Comment on Pre RBI Policy By Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC With a fall in commodity prices and some early signs of inflation coming down, the RBI may choose to slow down the pace of rate hikes. We expect the RBI to deliver a lower rate hike of 25 basis points in the upcoming meeting. Monetary policy often works with a long lag. The impact of past rate hikes and liquidity tightening measures is yet to be seen. Thus, there is a risk of over-tightening the mone...
RBI Monetary Policy expectations By Pankaj Pathak, Quantum AMC
RBI Monetary Policy expectations By Pankaj Pathak, Quantum AMC
Source: PR Agency
5/12/2022 4:13:42 PM
December 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for December - 2022 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC International gold prices jumped 7% last month to close at $1,753, the highest monthly increase in the last 18 months. The sharp up-move was underpinned by the lower-than-expected US inflation print for October and a higher unemployment rate, which may lead to a less aggressive monetary policy by the Federal Reserve. The Federal Reserve has been wary of the tight jobs market and the red-ho...
December 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
December 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
2/12/2022 4:41:56 PM
Monthly Debt View for November 2022 by Pankaj Pathak,Quantum Mutual Fund Below Monthly Debt View for November 2022 by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund The bond market was range bound in October 2022. The 10-year maturity government bond was (G-sec) trading between a broad range of 7.35% and 7.55%. On a monthly closing basis, the 10-year G-sec settled 5 basis points higher at 7.45% on October 31, 2022, versus 7.40% on September 30, 2022. In 2022 so far, the 10-year yield has moved up 100 basis points. Money market rates cont...
Monthly Debt View for November 2022 by Pankaj Pathak,Quantum Mutual Fund
Monthly Debt View for November 2022 by Pankaj Pathak,Quantum Mutual Fund
Source: Quantum Mutual Fund
10/11/2022 11:46:20 AM
Investors can buy gold to diversify risk: Quantum AMC Gold prices ended the last month 0.7 per cent lower, supported by a depreciating rupee and festive demand for Diwali and Dhanteras, said Quantum Asset Management Company (AMC). On the other hand, the yellow metal prices in the international markets were down by two per cent and ended October 2022 close to $1,638 per ounce. The fall in gold prices was a result of higher-than-expected September readings of US Consumer Price Inflation (CPI) and US Core Personal Consumption Expenditure (Cor...
Investors can buy gold to diversify risk: Quantum AMC
Investors can buy gold to diversify risk: Quantum AMC
Source: IANS
5/11/2022 10:02:47 AM
November 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for November - 2022 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager, Quantum AMC Even as international gold prices moved between $1,620 and $1,720 per ounce in October, gold bears outpaced gold bulls, bringing prices down by 2%, and ending the month close to $1,638 per ounce. This rangebound movement was a result of markets digesting elevated inflation prints and pricing in outsized interest rate hikes in developed economies, despite the macroeconomic and geopolitical out...
November 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
November 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
4/11/2022 2:34:23 PM
20% allocation in gold ETF a better investment strategy: Quantum AMC  At a time when there are many risks and uncertainties in the global economy, a 20 per cent allocation to gold ETFs in an investment portfolio during Diwali is ideal, said Quantum AMC. In a statement issued on Monday, Quantum AMC said the correction in the gold prices from the peak has made the metal affordable this festive season. "To make the most of the correction, we recommend investing in efficient products such as gold ETFs (exchange traded funds) to maximize the benefit...
20% allocation in gold ETF a better investment strategy: Quantum AMC
20% allocation in gold ETF a better investment strategy: Quantum AMC
Source: IANS
17/10/2022 3:54:07 PM
Diwali Gold Outlook : By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for Diwali Gold Outlook by Chirag Mehta, CIO & Ghazal Jain, Fund Manager- Alternative Investment, Quantum AMC Before we enter Samvat 2079 and make a fresh start, let us look at whether gold has added that glitter to your portfolio in Samvat 2078. Prices underwent significant volatility with a peak to trough ratio of about 1.2. In March, prices took off to near record highs on the back of geopolitical tensions between Russia and Ukraine. However, they swiftly cooled off as ...
Diwali Gold Outlook : By Chirag Mehta and Ghazal Jain, Quantum AMC
Diwali Gold Outlook : By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
17/10/2022 1:55:12 PM
Buy Gail India Ltd For Target Rs .225- ICICI Securities GAIL has reported a second successive quarter of robust operational growth in Q1FY23, with EBITDA of Rs43.6bn (up 81% YoY, 18% QoQ, 11% above estimates) and PAT of Rs29.1bn grew 91% YoY and 9% QoQ. Beat on operational front vs ISec estimates was driven by i) stronger trading segment EBIT and ii) marginal beat on transmission volumes, offset by weaker petchem volumes/margins and weak LPG volumes. Very high differentials between Asian LNG prices and US Henry Hub benchmarks continue to drive tra...
Buy Gail India Ltd For Target Rs .225- ICICI Securities
Buy Gail India Ltd For Target Rs .225- ICICI Securities
Source: ICICI Securities Ltd
14/10/2022 4:31:38 PM
October - 2022 by George Thomas, Fund Manager, Quantum AMC, Quantum Mutual Fund. Monthly Equity Outlook for October 2022 by George Thomas, Associate Fund Manager, Quantum AMC TheS&P BSE SENSEXdeclined by 3.5% on a total return basis in the month ofSep2022 while S&P BSE Midcap Index &S&P BSE Smallcap Index declinedby 2.1% and 0.6% respectively. Most of the sectoral indices too had a similar trend with S&P BSE India Power, S&P BSE Oil & Gas, and S&P BSE Realty indices emerging as the top losers with a decline of ~8-9% each. Hike in taxes o...
October - 2022 by George Thomas, Fund Manager, Quantum AMC, Quantum Mutual Fund.
October - 2022 by George Thomas, Fund Manager, Quantum AMC, Quantum Mutual Fund.
Source: Quantum AMC
6/10/2022 5:14:23 PM
October 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC Gold Outlook for October 2022 by Chirag Mehta, CIO & Ghazal Jain, Fund Manager- Alternative Investment, Quantum AMC International gold prices endedSeptember3% lower amid a fresh round of global interest rate hikes. The central banks of the Euro Area and the United States increased their rates by 75 basis points and their counterparts in England and India by 50 basis points.With inflation continuing to be between 7 and 10% in these economies, policymakers, and especially the Federal Res...
October 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
October 2022: Gold Outlook By Chirag Mehta and Ghazal Jain, Quantum AMC
Source: Quantum AMC
4/10/2022 4:56:16 PM
Comment on RBI Policy by Pankaj Pathak,Quantum AMC Below Comment on RBI Policy by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC The policy was broadly in line with the market expectation. The fact that the RBI kept the policy stance unchanged as ‘withdrawal of accommodation’ indicates the door is open for a further hike in the policy repo rate. The terminal rate expectation in the bond market has moved up to 6.5%.     Aggressive monetary tightening in the advanced economies will continue to weigh...
Comment on RBI Policy by Pankaj Pathak,Quantum AMC
Comment on RBI Policy by Pankaj Pathak,Quantum AMC
Source: Quantum AMC
30/09/2022 1:26:04 PM
Comment on FED Reserve Announcement by Pankaj Pathak,Quantum AMC Below Comment on FED Reserve Announcement by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC With this level of hawkishness from the FED, it would be extremely difficult for the RBI to soften its tone on the domestic monetary policy anytime soon. India doesn't have that much of inflation problem but our external balances are not in the best shape. RBI's foreign exchange reserves are also dwindling at very fast pace.   Above views are of the author and not of ...
Comment on FED Reserve Announcement by Pankaj Pathak,Quantum AMC
Comment on FED Reserve Announcement by Pankaj Pathak,Quantum AMC
Source: Quantum AMC
22/09/2022 12:45:57 PM