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IFM Journey till now

Our 11 years journey with your support!

Latest minutes to Meeting recorded with different AMCs.

Team IFM has recorded minutes to meeting with different AMCs which uploaded for your reference at our article section.

Team IFM has recorded minutes to meeting with different AMCs which uploaded for your reference at our article section at following link: http://www.ifmglobal.in/articles.aspx


Award - Best Performing Regional Financial Advisor

IFM on September 11, 2013, won the Best Performing Regional Financial Advisor Award for the Third time since 2008-2009 given by CNBC TV 18 and ICRA.

Latest Debt outlook - Jan 2013

Recommendation to invest in Long term Debt & Gilt funds.Please visit our Articles section.

Recommendation to invest in Long term Debt & Gilt funds.Please visit our Articles section
Latest Debt Outlook - Dec 2012

Dec 20, 2012 - Higher Returns with Low Risk

We saw a rising interest rates scenario till 2011 with the RBI raising the rates 13 times by
2.25% in a span of 9 months starting March 2011 on the back of curtailing high inflationary pressures. With  the inflation numbers still out of the RBIs comfort zone, the high interest rates are hitting growth. It has hence become a double whammy sword for the RBI to take a directional stance. A rate cut will give a positive impetus to economy and the debt portfolios.

Click here for the complete report.
Latest Debt Outlook - Nov 2012

IFM's debt outlook for the second half of FY 2012-2013

DEBT -Higher Returns with Low Risk 


We saw a rising interest rates scenario till 2011 with the RBI raising the rates 13 times by 
2.25% in a span of 9 months starting March 2011 on the back of curtailing high inflationary pressures. With the inflation numbers still out of the RBIs comfort zone, the high interest rates are hitting growth. It has hence become a double whammy sword for the RBI to take a directional stance. As the inflation has been curtailed to 7.45% in Oct 2012, the RBI is addressing the growth concerns now by taking up expansionary monetary policy stance by resorting to interest rate cut. This rate cut will give a positive impetus to the debt portfolios. 

For the complete report Click Here
CONFERENCE CALL WITH MR. R. SRINIVASAN (SENIOR FUND MANAGER OF SBI MF)

Equity Market Outlook – Moving Ahead Second Quarter of 2012-13

Overall View

Mr. R. Srinivasan shared his general view on the markets being cautiously positive. Though he shared that his view is not completely in line with his senior team member Mr. Navneet Munot who is extremely positive on the equity markets.

Investment Strategy of the Fund
  • Current portfolio of SBI Emerging Business Fund, which is among the best performing in the peer group, is overweight to high beta stocks.
  • He defined the fund a ‘High Risk, High Return Fund.’
  • Most part of the 2011 the fund manager was negative on the markets and thus maintained an overweight stance on the defensives. However, early part of 2012 they started building their portfolio towards high beta stocks. They were a bit slow in implementing their strategy and on the other hand the markets rallied up in a short span. Thus, the fund failed in performing in line with the market.
  • 1/3 rd of the fund is into liquid/ large cap stocks. And the balance 2/3 rd is into mid and small cap stocks which are technically very illiquid counters. The rationale behind the same strategy is that he believes that EBF as a fund is a lot more consolidated with few large investors and thus, the team could face a problem if a redemption call from any of these big tickets comes in. Thus, to maintain that liquidity and cover up for the illiquid counters, he has kept 30% of the investment portfolio of the Fund into large cap stocks.

Stock Picking
  • He defined Emerging Business Fund as a very stock specific fund and shared his stock ideas with us.
  • He has recently added up a few good stocks to his kitty including – HCL Tech, Sun TV, and Bal Krishna Industries. He swapped ITC for HCL Tech as part of the large cap stock building strategy itself. Sun TV was bought by the fund at Rs 230 levels after the stock saw a huge correction and current price of the stock is already up at Rs 300 and he is ready to book some profits in the same. For Bal Krishna Industries he said that there is still a lot of momentum to be seen in the stock in the near 3-4 months.
  • Another company he likes is Muthoot Finance, which he added in his portfolio after the regulation came in. He is very bullish on the stock and expects 16-18% return in the next one year’s period. This is because he feels that whatever bad was there, on the regulation front, is already discounted in the price. From here he is playing on the attractive valuations as well as amazing fundamentals of the company.
  • He picked up Spice Jet in his portfolio earlier this year at Rs 20 and the stock has rallied upto Rs 34 today because of cooling down of crude prices globally. Thus, it triggered the margin expansion of the company.

Sectoral View
  • He is very positive and thus, Overweight on the banking stocks specially the private sector banks including ICICI Bank. Other private sector banks on could look at it is City Union Bank which is fairly priced.

EQUITY OUTLOOK

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