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Month: July 2013

4 / 7

Revisiting the “Promoter Put” in Mutual Funds: Dheeraj Singh

This is a guest post by Dheeraj Singh. Dheeraj was a fund manager for many years specializing in fixed income. He used to head fixed income at IL&FS Mutual ...

HUL At 700: Best To Not Have Tendered!

When I wrote about the HUL Open Offer, I suggested that it would be better to have sold the stock in the market than to have tendered in the open offer. ...

Liquid Funds NAVs Fall for the First Time in 5 Years

Liquid Fund Investors have taken it on the chin with the fall in bond prices yesterday. Across the spectrum, for the first time since 2008, Liquid Funds have ...

Bank Stocks Tumble 4.8% on RBI News

Investors in Bank Stocks must be feeling horrible as the Bank Nifty dropped 4.8% on the news that RBI will effectively raise rates. Stocks like IndusInd and ...

Government Bonds Fall 1% to 4% on the Liquidity Squeeze

Mutual Funds are going to have it rough in the next few days. Bond prices have crashed after the liquidity squeeze introduced by RBI late evening on the 15th. ...

Banks Borrow a Record Rs. 2.16 Trillion From Repo, CBLO Rates Crash From 9% to 1%

The day has seen some insanity in the money markets. After RBI’s epic raising of marginal rates and curtailing of liquidity, banks have realised that the new ...

Chart: How Much Have Banks Borrowed From RBI Daily?

How much does yesterday’s sudden late night liquidity squeeze impact the markets? Let’s take a look at overnight repo borrowing from the RBI, and the 1% of ...

RBI Effectively Hikes Rates 2%, Sets limits on Repo usage.

At 10PM, way past RBI’s bedtime, there shows up an innocuous press release from the RBI. It has effectively slashed liquidity with (nearly) immediate effect, ...

WPI Inflation for Jun 2013 at 4.86%

Wholesale Price Index (WPI) showed inflation of 4.86% today, while everyone was left wondering what the government is smoking and if they could get any of it. ...

Retail Investors Are More Interested in Debt than Equity, Investor Count Falling Since 2009

Since 2009, retail individual investors seem to have lost interest in mutual funds. AMFI data shows the total number of folio numbers to have reduced 10% since ...