"Range bound interest rates ahead…" - Views on News from Equitymaster

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"Range bound interest rates ahead…"

Nov 11, 2003

Keeping with the tradition of promoting investor awareness, Personalfn organised its second Investor Empowerment Programme on November 10, 2003. The topics discussed were 'Interest Rates: Where they are headed?' and 'Where investors should be investing?' Clearly an area of high interest from the retail investor's perspective. A list of eminent speakers graced the occasion viz. Mr. Nilesh Shah, Director & CIO, Franklin Templeton Investments, Mr. Jayesh Doshi, AVP-Finance, Gujarat Ambuja and Mr. Rajiv Shastri, CIO, HDFC Mutual Fund.

Mr. Nilesh Shah spoke at length on the secular decline in interest rates in the recent past. Also factors like liquidity, inflation, growing forex reserves and their impact on interest rates were discussed. Inflation and the global effect (the interest displayed by the NRI community in India) were singled out as factors which would determine the direction in which interest rates would move. Mr. Shah's take on the interest rates was "They are likely to be range bound in the immediate future".

  • Download Nilesh Shah's presentation

    Surprisingly the retail perspective was strongly put forth by an industry expert, Mr. Jayesh Doshi. He went on to highlight how the investing has changed over a decade. The investors have clearly come a long way from passive investing in PPF, NSC etc. at high interest rates to investing in mutual funds at present. Mr. Doshi exhorted investors to invest in a "fund manager" rather than a fund. He insisted that asset creation is a must and asked investors to consider avenues like housing.

  • Download Jayesh Doshi's presentation

    Mr. Rajiv Shastri from HDFC Mutual Fund (who sponsored the event) urged investors to exercise greater caution while investing. He insisted that investors should decide on their risk profiles and investment horizons before making their investments. Mr. Shastri asserted that investors should be invested in investment avenues which match their horizons. Exit loads can help investors by ensuring that they stick to their original plans.

  • Download Rajiv Shastri's presentation

    The investor meet was certainly informative for the retail investor and its something he could use at frequent intervals. However, he needs to learn from the insight and experience of such distinguished personalities and incorporate necessary changes in his investing.

  • Click here to know more about the previous Investor Empowerment Meet.

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