Nilesh Shah News

Kotak Gilt Fund, India’s first Gilt fund, has completed its 25 years. The fund continues to be a trifecta of sovereign credit, daily liquidity and no credit loss to investors in 25 years since inception. The scheme was launched on December 29, 1998. It has delivered a Compound Annual Growth Rate (CAGR) of 8.99% since its inception. “Launched 25 years back in 1998, It has witnessed many rate cycles (no credit loss as investment is in gilts) to deliver to investors along with daily liquidity. Kotak Gilt fund – Triveni Sangam of Sovereign credit, daily liquidity and 25 years of service to the investors,” said Nilesh Shah, Managing Director, Kotak Mutual Fund.

MUMBAI : Indian markets plunged on Tuesday as global funds sold heavily in HDFC Bank Ltd and Reliance Industries Ltd (RIL), and retail investors booked profits in smaller stocks, erasing investor wealth of ₹8.56 trillion. The carnage may not be over, though: The derivatives market and the domestic fear index continue to flash signals of turbulence ahead. HDFC Bank and RIL, which command the highest weights in benchmark indices and clocked disappointing earnings in the December quarter, contributed to almost half (48.63%) of the Sensex’s 1,053.10, or 1.47%, fall to 70,370.55.

unlisted companies to go public, Motilal Oswal Financial Services' Chairman Raamdeo Agrawal said on Saturday in the backdrop of a record 42 lakh demat accounts opening in December, which he termed as the biggest economic event that has happened in India after 1992. Agrawal said that well-managed large unlisted companies would want to make their company live beyond themselves and it is only possible by listing the company and separating the management from the ownership and management of the company. Agrawal was speaking at BCAS’ ReImagine 2024 event organised by Bombay Chartered Accountants Society (BCAS) which is celebrating its Platinum Jubilee.

Gold should remain a key component of investor portfolios in 2024 to help mitigate the volatility expected in equities and fixed income amid crucial local and global events, said experts. While an easing interest rate environment is seen propping up prices of the yellow metal, double-digit returns like those in 2022 and 2023 are unlikely, especially at the current levels, they said, advising investors to stagger purchases. «Whenever interest rates in the US come down, gold prices tend to rally, and some part of this year's rally is already reflecting this,» said Nilesh Shah, managing director, Kotak Mutual Fund. Gold prices have gained 12% in 2023 as stress in the banking system and expectations that the US central bank would pivot saw some safe-haven buying at the start of the year.

₹7,378 crore attracted bids worth a whopping ₹2.6 trillion. The Indian economy expanded 7.6% in the second quarter, Thursday’s data showed, beating expectations by a wide margin.

Nilesh Shah, Founder & CEO, Envision Capital, says: “I still think bottom up, midcaps, smallcaps and emerging growth opportunities is the place to be. There are several sectors. There are talks of a recession in the US, but tier two IT companies will still do well. Some of the online businesses will do well. We have seen a couple of listings off late. That is clearly the space which will outperform. We think this is going to be India's decade. ” Markets have hit an all-time high, you have already started celebrating. I think it is a great day. What a way to end the week or what a way to get into the end of the year. It has been a fabulous year and the markets are reflecting the strength of the Indian economy and the kind of policies that we have been unleashing to foster that growth. A Balasubramanian is saying that SIP is the tip. How about a tip from you? No, the only tip is that be invested, keep the faith. We are on a long-term journey or a marathon of wealth creation. This is truly going to be India's decade. It has already started to be India's decade. We are facing a Goldilocks situation of high growth, moderating inflation. So probably the best tip is to be in the market, be invested, and keep investing more and more. Do not get too worried and bogged down by market levels.

₹3.92 trillion against traded value of ₹15.03 trillion. “The rising SIP inflow, which tends to be sticky, and increased direct retail participation are fuelling delivery value, which shows the markets are getting deeper," said Shankar Sharma, founder of GQuant Investech, a wealth management company. Sharma expects the uptrend to continue as long as US interest rates are steady and the war in West Asia doesn’t snowball into a regional conflict, which could send oil prices spiralling.

Kotak Mahindra Asset Management Company has launched the Kotak Consumption Fund, an Open-Ended Scheme that will invest in equity, equity-related securities of companies engaged in consumption and consumption-related activities. The New Fund Offer (NFOR) of the scheme opened for subscription on October 25, 2023, and it will close on November 8,  2023. 

Inbound charter flights, which ferry hundreds of foreign travellers to the sunny beaches on India's western shores of Goa every winter, continue to stare at cloudy skies. The prolonged geopolitical turmoil in Russia and Ukraine, the economic chill in several parts of Europe and an escalating West Asia conflict are mainly to blame.

MUMBAI : Indian stocks extended their decline to a third straight day, dropping nearly 1% following the US Federal Reserve’s hawkish stance on interest rates. The expectation of prolonged elevated rates in the US has deepened concerns about a global slowdown, making equity markets jittery worldwide. The National Stock Exchange’s benchmark Nifty index, which has lost 1.45% in the past two sessions, ended 0.8% lower at 19,742.35 on Thursday.

New Delhi: Unique Identity Authority of India (Uidai), the statutory authority overseeing Aadhaar operations, finally gets a head, though as a part-time chairman after over four years . In a Gazette notification on 21 August, the ministry of electronics and information technology (Meity) announced the appointment of eminent economist Neelkanth Mishra as a part-time chairperson along with two part-time members. Mishra will join Amit Agarwal in Uidai’s board.

Axis Bank and Head of Global Research, Axis Capital, has been appointed the part-time chairman of the Unique Identification Authority of India (UIDAI). Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Limited, and Prof Mausam, Associate Professor, Computer Science Department, IIT Delhi, will become part-time members.

It’s not enough that you invest in equity markets, says veteran fund manager Nilesh Shah. The quality of holdings and the amount of time you are willing to give to your portfolio is also important