Tata Mutual Fund

On this Podcast I cover the current macro set-up and what is driving the markets ! “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world”- Archimedes With the right tool and right conditions, massive problems can be solved. Laying it in the current context of things - a great design of negotiated settlement is required to reach a resolution in the US-Iran conflict. Hope there are positive developments coming out of the Trump-Xi meeting. ‘Hope is a good thing and no good thing ever dies’ Rupee – Conventional spot market intervention, NOP limit, NDF ban, Onshore Net short forward book are the measures and policy tools deployed by RBI but rupee continues to be under pressure. India Forex reserves are at a healthy mark. Indian equity markets are being guided by the dual forces of tough external situation (wrt Oil prices, BoP deficit, rupee weakening) and stable earnings plus domestic fundamentals- with the former overpowering in the recent trading sessions Vidya Sarvajayani, Vidya Vighna harani – Knowledge wins over everything, Knowledge removes all obstacles. Earnings have played a similar role ! Earnings have aided global equity markets to tide over all economic uncertainty caused by the unresolved US Iran conflict. Though the recent global equity rally has been highly concentrated. Elevated crude oil prices are likely to keep long 10 year G sec bond yields above 7% and possibly lead to a pivot in the RBI’s policy in H2 FY27. Short maturity Gsecs and high quality Corp Bonds seem attractive. Global bond yields have risen to multi year highs due to geo-political tensions and persistent inflation concerns. US Fed in pause mode, ECB BoJ hawkish, China pivoting to some bit tightening. High oil prices has given way to a strong dollar, rising long end yields while short end US yields remained supported Globally, Gold has become dual natured – behaving like a risk asset in the near term while safe-haven and reserve diversification narrative intact in the long run With rising energy prices, lower gold imports would ease pressure on the rupee. Govt announced stricter conditions for Gold imports in India. These are challenging times but let us not miss the moon while counting the stars! These are times to build portfolios across asset classes basis attractive segments / pockets, valuation correction and earnings growth expectations, absolute high yields, hedge appeal, diversification case. #investing #macro #oil #rupee #markets #equity #fixedincome #Gold #globalequities Standard Chartered India https://lnkd.in/d7969ikx

When ownership meets teamwork, results speak louder than words. Proud of this incredible team and what we’ve achieved together. #TATAMUTUALFUND #TMF

Today is a moment filled with pride, gratitude, and emotion for me and my family. My daughter Sasha has successfully cleared her 10th Board Exams with 74%. ❤️ This journey was not just about marks, but about her hard work, discipline, and determination through every challenge. Watching her grow, stay focused, and give her best has been truly inspiring. As a parent, there is no greater happiness than seeing your child move one step closer to her dreams. Dear Sasha, we are so proud of you. This is just the beginning—keep believing in yourself and keep shining. 🌟 Thank you to all teachers, family members, and well-wishers for your constant support and blessings. 🙏 #ProudParent #Gratitude #Milestone #BoardExams #FamilyFirst