A: The Make-in-India theme encompasses a wide gamut of initiatives, including import reduction and export promotion. While the initial thrust was to create growth and employment, it started getting traction due to the US-China trade frictions. Multinational companies started looking at alternate sourcing bases for exports. In this phase, while India did get some business, the bulk of the benefit went to countries like Vietnam, Thailand, Indonesia, Malaysia etc. The Government has declared packages for Electronics, Pharmaceutical sectors, and I believe that many sectors like Consumer Durables (AC, Fridges etc), Chemicals, Defence manufacturing etc. will get direct, indirect incentives in addition to tariff & non-tariff barriers. … [Read more...] about DAILY VOICE: Valuations of largecaps & polarization of market into top 10-20 stocks are biggest risks, says Mihir Vora of Max Life
In my book The Reality Game, I discuss a nearby future in which AI-enabled technologies will be used to manipulate public opinion. In 2016, a lot of people wrote about how artificial intelligence had brought about the “info-pocalypse,” but it really hadn’t—not yet. Most of the tools, including simple bots, were clunky and relatively easy to detect. But I’m sad to say that alongside low-tech propaganda campaigns, we are now also experiencing a new wave of much more sophisticated technological manipulation. … [Read more...] about We can have social media as we know it, or we can have democracy
The market seems to be taking one step forward and two steps back which suggest that there is the height of uncertainty in the market as the globe has not seen this kind of situation before and investors are taking one day at a time, Mihir Vora, Director and Chief Investment Officer of Max Life Insurance who manages an AUM of over Rs 70,000 cr. … [Read more...] about The Market Podcast | Height of uncertainty in markets! Mihir Vora talks about pockets of value
Given the limited fiscal stimulus, so far, there is scope for future action. The corporate sector, especially the medium and small enterprises, self-employed and small businesses have been the worst hit. Lower interest rates and increased credit is unlikely to solve the problems.We need direct support to businesses in the form of subsidies, grants or compensation for labour and other fixed costs borne during the lockdown. PSU banks need to be encouraged to lend more, which, in turn, requires the government to capitalise them quickly. Tariff and non-tariff barriers for imports need to be stricter. Further support for 'Make in India' and a new SEZ policy are needed to kick-start growth. … [Read more...] about ‘Market looks frothy but value stocks may outperform growth ones in short term’
Investing in a focused fund can be tricky. The performance of a focused fund largely depends upon the fund manager’s ability to spot stocks that can potentially see significant re-rating in valuations. If the fund manager gets his stock-selection right, investors would gain from outperformance when markets run-up, but it can also backfire as pointed out above. … [Read more...] about Invesco India Focused 20 Equity NFO: Should you invest?