Markets are at an all-time high because of that friendly genie from across the border -- the FII. Since April, they have brought in Rs 1,22,000 crore and mutual funds have sold Rs 35,000 crore. So I think the answer lies in that.
"When we compare the amount of wealth that investors have lost in last two to three years in India due to governance fiasco, sour relationship with labor union, closure of plants, product alteration as against the expense involved towards commitment to environment and governance, we realize that such expenditures are necessary. "
The Nifty is trading at higher than long-term average multiples and it is possible for markets to show some volatility. It has become more stock specific in nature and bottom up stock picking is the way forward, says Shibani Sircar Kurian.
Large companies dominate the economy and it is not possible for the broader markets to move unless the large-cap stocks participate, Rajat Jain, CIO, Principal Asset Management, tells ET Wealth. Read the expert's take on the current situation of the market and more.
Sebi has asked mutual funds to rename their dividend plans. The second measure, a comprehensive one, deals with product labelling and indication of risks associated with various categories. We reached out to Swarup Mohanty, CEO, Mirae Asset India, to decode the measures.