While the union budget for 2024 was comprehensive, covering multiple aspects, it still invoked all kinds of emotions from various parties from different sectoral backgrounds. That said, it struck a balance between capital expenditure, fiscal prudence, and social welfare. The …
By Arun Subrahmanyam and Sanjaya Satapathy At Ampersand, we consider earnings growth to be the primary driver of stock performance. We use valuation tools to assess downside risks, and will stay invested as long as growth prospects remain healthy. Our …
Alternative Investment Funds are in the spotlight more than ever. Here’s how they cater to HNIs Much of the spotlight on the rise in Indian equity markets in the post-Covid era has centred around retail investors in general, and mutual …
High Five In Sept 2022, Ampersand completed 5-years of managing the AIF. Our track record so far has been quite exemplary, considering the disruptive events which panned out during the course of short existence. This also includes market volatility induced …
Toughest quarter since onset of Covid India stock market declined sharply during Apr-Jun 2022. An early indication of this possibility was provided when broader markets started to correct in the previous quarter. Inflation and fears of possible recession were the …
Slippage in returns, the first in 2 years CY22 has been dramatic so far, and it shows through the first quarterly decline in returns from equities in nearly 2 years. The Russia-Ukraine conflict added a new dimension to the already …
Sharp moderation to returns During the final quarter of 2021, India equities delivered the weakest returns in over 2years, both in absolute terms as well as relative to global markets. Although another Covid wave did add to the concern, sharp …
We outperformed the best performing stock market During the July-Sept quarter, India equities delivered the best returns relative to other global markets. One of the reasons was the sharp recovery from the brutal 2nd Covid wave. Under these circumstances, Ampersand …
We have delivered Index beating returns Stock markets, both in India and globally are scaling newer highs despite multiple waves of Covid pandemic, and several macro concerns. The traditional Chinese curse “May you live in interesting times” truly defines the …
Quarter of slower, but positive returns What doesn’t kill you makes you stronger – this aphorism from German philosopher Friedrich Nietzsche is clearly playing out in the ongoing bull market. During the Jan-Mar 2021 quarter, our stock markets delivered the …