Reliance Capital has started Nifty ETF from Nov 2013, and the adoption is still catching up. This ETF is 1/100 unit of the Nifty index. So at Nifty 6000, the ETF will be at 60.
Stock Name: R SHARES NIFTY ETF (or Rel Nifty ETF)
ICICI Direct code = RELET2
Reliance Mutual Fund appears to be maintaining liquidity in this ETF to enable investor adoption, which is good. As the liquidity is not high yet, this ETF is best suited for investors who want to buy 100-500 ETF shares per purchase, and hold them for over a year. This ETF is not yet suitable for trading, however, it could be ready in 6-12 months. As of now, Nifty trading is best done via Nifty futures. Continue reading Reliance Nifty ETF→
The US Fed QE tapering and its potential consequences have kept the global markets busy over the last 2 weeks. If the US Fed QE taper continues on its planned path, we may see higher interest rates in the USA by July 2014 along with US Dollar appreciating against other currencies of the emerging markets.
It will be a very challenging task for the Emerging Markets (EMs) to keep their currencies stable in the face of QE tapering, because its difficult to estimate just how many billions USD will move back from emerging markets back to developed markets like USA in this process.
Countries like India may be forced to raise interest rates to control inflation and keep the currency stable, even though it will further hurt the domestic economy of India, and put downward pressure on Indian GDP growth. Continue reading Market Analysis Feb2014→
The Alpha Investment Newsletter sees 13% downside in the S&P 500 Index in the near term, which is 230 points downside from current 1800 level to 1570 level. This note is to help investors preserve their profits if they act in time.
New York, Dec 03, 2013 — Note to Investors: The S&P 500 Index has been around the critical level of 1800 for last two weeks, and based on the index price movement and volume behavior, the rally seems to be stalling and with high probability of reversal and profit-booking wave in the near term.
The Alpha Investment Newsletter sees 13% downside correction in the S&P 500 Index in the near term, which is 230 points downside from current 1800 level to 1570 level. The downside could extend further to 1480 if news flow gets particularly bad. This correction may unfold in Q1 2014 during Jan-Feb period, triggered by fresh political deadlocks in the USA, and unwinding of overleveraged positions, which are at all time high currently. There is a chance that this correction may even start within December 2013 anticipating such problems in Jan-Feb 2014. Continue reading Alpha Investment Newsletter sees 13% downside in the S&P 500 Index in the Near Term→