Big news! India is included in the JP Morgan Emerging Markets Bond Index, can attract up to $40 billion in inflows. This is a game-changer for the Indian bond market.
Thread 🇮🇳
Over the last 20 years, India's foreign exchange reserves have grown from $38 billion in 2003 to over $600 billion in 2023. This inclusion will further bolster these reserves.
The Indian bond market has seen significant growth, with government bond yields averaging around 6-7% over the past decade. These inflows will add depth and liquidity to the market.
> Indian economy is expected to witness real GDP
expansion of 9.2% in 2021-22.
> Agriculture and allied sectors have been the least impacted by the pandemic and the sector is expected to grow by 3.9%
> GVA of Industry (including mining and
construction) will rise by 11.8%.
> Indian economy is in a good position to witness GDP growth of 8.0-8.5% in 2022-23.
> Foreign exchange reserves at US$ 634 bn on 31st Dec 2021. This is equivalent to 13.2 months of merchandise imports & is higher than the country’s external debt
Next time if you see any fund manager speak in public forum about ROE, profit, margins, pls boycott them.
No doubt why 85% MF in India don't beat Index.
@Raamdeo has extensively spoken on QGLP where G is growth in EARNINGS and 'sustained' ROE. How did MOSL apply for this IPO. L stands for longevity of competitive advantage. Where is the moat? If anyone offers higher discounts, people will jump to that.
Have principles changed?
For decade @iRadhikaGupta has spoken about earnings earnings earnings growth. SUSTAINABILITY of earnings more so. Where did that go mam? You may want to listen your last month video on this pls - msn.com/en-in/video/mo…
Everyone speaks about when to buy a stock. Hardly anyone speaks on when to "Sell".
Thread on when to sell a stock🧵
1) Repeated Corporate Governance issues - Exit a stock if there is news of repeated CG issues popping up every now and then. It takes a mountain to change a bad management. Better opportunities always exists.
2) If the financial performance of the company is declining - keep a watch on this over quarters to see if the performance in profits and sales is consistently going down. Attend AGM, Concalls to understand the reasons for same.
There is a lot of sync between Ramayan characters and real life Investors. Like -
1) Vibhishan - That type of investor who knows early on, that he is with 'wrong stock' , realizes his mistake and switches quickly (like moving from ADAG to Mukesh group early on)
2) Laxman - 'Hyper active' investor who is ready to sell with a small move (both up and down). Saved by fellow learned investors and ends up making money!
3) Hanuman - Brave investor. Takes ample risk in "asset allocation". Keeps chanting company name at every forum.
4) Indrajit - "Adamant" over his stock despite 'changing circumstances'. Wins initially but loses in long term as he doesn't exit. (like HEG, Graphite).
5) Ram - sticks for long term in good companies like HDFC, Infy, Titan etc. Knows he is going to win. Avoids all noise for yrs