waterfield advisors

FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

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FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s … Read more

ETMarkets Fund Manager Talk: Why is this asset manager cautious on markets and recommends staggered buying?

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ETMarkets Fund Manager Talk: Why is this asset manager cautious on markets and recommends staggered buying?

The gloomy global economic outlook, optimally projected earnings estimate, coupled with high quartile valuation multiples has prompted Waterfield Advisors to take a cautious stance on the Indian market. “The benchmark Nifty-50 is trading at over 20 times its 1-year forward earnings. Though this multiple appears reasonable, it is not cheap compared to other global and … Read more