Indian markets witnessed a see-saw sideways movement in Q3 earnings season after an optimistic quarter of Q2 earnings season, when the corporate tax cut was announced on 20th September. Nifty returned 0.20% from 21st Nov\u201919 to 18th Feb\u201920, whereas the Jam\u0101 Wealth Equity portfolio returned 13.87%.<\/p>\n\n\n\n
The RBI Policy rate remained unchanged at 5.15% and the Cash Reserve Ratio was kept easy. The intent was to spur incremental loans on auto, housing and MSME sectors, which could potentially reduce the lending rates to those sectors and improve the prospects of credit growth and economic growth. The Central Govt. budget was a non-event, though initially there was knee jerk reaction about not having announced any big reforms other than some big-ticket infrastructure investments.<\/p>\n\n\n\n
Coronavirus is a bigger worry making the markets jittery around the world. Almost all the inbound supply chains from China and outbound exports not only to China but other countries also, due to demand destruction would be affected. Given this backdrop, we continue to focus on \u201cconsistently delivering\u201d companies in the Jam\u0101 Wealth portfolio, which has exhibited good resilience during the global rout and held its fort.
\ufeff<\/p>\n\n\n\n
We continue to believe that the global liquidity would still be available in the run-up to the US elections this year end and would make institutional investors<\/a> continuing to be favorable in holding equity assets.<\/p>\n\n\n\n\n Maxiom Asset Management \u2014 PMS<\/p>\n Our active, research-driven PMS strategies are built to navigate \u2014 and capitalise on \u2014 macro dislocations. Talk to our portfolio team about protecting and growing your wealth in uncertain markets.<\/p>\n Book a Portfolio Review \u2192<\/a>\n Explore Our Strategies<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":" Review of the October to December 2019 Quarter Indian markets witnessed a see-saw sideways movement in Q3 earnings season after an optimistic quarter of Q2 earnings season, when the corporate tax cut was announced on 20th September. Nifty returned 0.20% from 21st Nov\u201919 to 18th Feb\u201920, whereas the Jam\u0101 Wealth Equity portfolio returned 13.87%. The… Read More »Maxiom Equity Advisory Report Q3 FY 2019-2020 Quarterly Results<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-outlook"],"_links":{"self":[{"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/posts\/366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/comments?post=366"}],"version-history":[{"count":2,"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/posts\/366\/revisions"}],"predecessor-version":[{"id":1146,"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/posts\/366\/revisions\/1146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/media\/855"}],"wp:attachment":[{"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/media?parent=366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/categories?post=366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomassetmanagement.com\/blog\/wp-json\/wp\/v2\/tags?post=366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Macro Volatility Is Where Active Management Proves Its Edge<\/h3>\n