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Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited

    • ADITYA BIRLA CAPITAL MUTUAL FUNDS

    Investor Message - FY23 Q2
    At the outset, I would like to highlight the quarter gone by has been a challenging one with several global & domestic factors at play. Equity markets across the world have seen a volatile period arising from the Ukraine – Russia war, commodity price rise & subsequent rise in inflation. The discussion of stagflation & recession fears has taken over the narrative of growth momentum making a comeback.

    In this edition of the podcast, I have highlighted the global factors impacting markets & my thoughts on the Indian economy going forward.

    Equities have been volatile in recent times with the return of inflation which in turn has led to increased cost & lower profitability for companies. However, I do expect some stability going forward in the overall momentum of the market.

    India has been a relative outperformer due to the following reasons.
    1. The global sell-off arising from geopolitical tensions has led to reduction in emerging market money flow. This in turn has impacted the foreign allocation towards India.
    2. Indian economy has been more resilient & certain pockets of the country are witnessing pick up in volumes & business. Sectors like Automobiles have seen signs of revival, real estate demand has been robust and consumer demand is coming back along with pick up in credit growth.
    3. Expect normal monsoon season to have an impact on rural economy & rising trend in GST collection.
    4. Government of India has undertaken many initiatives towards reforms & spending by public sector enterprises.
    5. Retail investors have demonstrated great deal of maturity by continuing to buy equity mutual fund schemes to meet the long-term wealth creation needs. At the same time, it is important to invest in fixed income assets from an asset allocation point of view. This would ensure a right balance to your portfolio.
    Wishing you all happy investing!
    to get the Podcast message.
    Regards,
    A. Balasubramanian
    Managing Director & CEO
    Aditya Birla Sun Life AMC Limited
    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.