“We are talking about travel and tourism, airlines, all those kind of segments can do better. Even real estate, you can see the premium real estate doing better,” says Mihir Vora, CIO, Trust Mutual Fund.So, you talked about premium consumption then, what within that seems like there is still some headroom left on the table … Read more
A smaller-than-expected poll victory for Prime Minister Narendra Modi is leading to worries among bond investors about greater populism. Fiscal discipline has been a hallmark of Modi’s decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit and further cut government borrowing in the next budget. The election … Read more
Top-rated Indian corporates are raising funds from debt markets at rates only marginally higher than the government, as investors rush to pick up high-quality bonds amid low supply. The spread between 5-year ‘AAA’-rated corporate and government bonds has shrunk 17 basis points to 25 bps since January, while the spread between both 3-year securities, has … Read more