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Journalism of Courage
Indian equity markets are expected to remain under pressure for various reasons in the short term,former Bombay Stock Exchange president Deena Mehta said.
“The Indian equity markets are expected to remain under pressure for various reasons in the short term but the growth story of Indian economy would remain intact and hence,the capital markets in long term would generate positive returns,” Mehta said at a seminar.
“The markets are expected to remain volatile in the short run due to global factors like downgrading of the US economy,slowdown in the European markets and issues pertaining to the domestic economy like,corporate governance,scams and political instability,” she said.
However,the long term growth story of the Indian economy is intact and hence,the returns from equity markets in the long term are bound to remain attractive,she added.
In the wake of volatile equity markets and ever increasing prices of commodities,especially precious metals,the Capital Market Committee of the Indian Merchants’ Chamber (IMC),with a view of creating awareness on the contemporary issues and opportunities,had oraganised a seminar on “Smart Investing Beyond Stock Markets.”
Mehta,a BSE broker,said,”There is an urgent need to educate investors on various aspects pertaining to investments and innovative products which are available in the market to suit one’s risk appetite.”
Saugata Chatterjee,Head Distribution,Reliance Capital Asset Management Ltd,while talking about the innovative products said,”The mutual fund industry has evolved a lot in the last decade. There are many innovative products promising market returns as well as safe investment avenues. What is required is to spread awareness about the mutual fund products as the participation of investors compared to other products like bank fixed deposits,with Rs 30 lakh crore,the investments in mutual funds in India stand at merely Rs two lakh crore.”
Besides mutual funds,the commodities markets are also growing rapidly in India.
Anjani Sinha,Chief Executive Officer,National Spot Exchange said,”When the prices of gold are increasing globally,it has also become very convenient to invest in gold without buying physical gold. One can buy gold on demat account also which saves time,energy,risk of protecting and provides easier liquidity than the physical gold.”
