PMS Insights By Vishal Gajwani Head – Alternate Investments Equity ABSLAMC - Outlook for 2018

Aditya Birla CapitalJanuary 30, 201800:04:08

PMS Insights By Vishal Gajwani Head – Alternate Investments Equity ABSLAMC - Outlook for 2018

-- Nifty 50 appreciated by almost 30% driven by low base of demonetization and domestic inflows into mutual funds. In this backdrop Core Equity Portfolio (CEP) delivered 37% in CY2017 and 34% CAGR over the last 5 years

-- A stand out feature of the year 2017 was decade low Volatility in the markets with hardly any 5%+ correction for Nifty index during the year

-- The market returns in 2018 are expected to be driven by the earnings growth of companies, which has begun to show some green shoots in the quarter gone by

--- The 7th pay commission pay outs for state government employees, is expected to result in government consumption expenditure growth of 15% in FY19E. This along with higher disposable income in the hands of the public is expected to drive consumer spending

-- Reforms like GST implementation and schemes for Infrastructure, ‘Housing for all’ & Bharatmala, may help drive the demand for Building Materials, Cement & Infrastructure sectors