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Market Outlook Fixed Income – Anurag Mittal, UTI Mutual fund, release date 11th June 2024

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Summary

Anurag Mittal discusses his views and insights on the fixed income market, which include the outcomes of the June MPC meeting, GDP growth forecasts, bond markets, and inflation dynamics.

Highlights

  • Global Trends
    • Global economy resilient with strong rebound in manufacturing and services PMI.
    • Commodity prices rising, but not yet inflationary.
    • Inflation moderated from peak but sticky service inflation. Expect moderate cuts.
  • Indian Trends
    • RBI kept repo rate unchanged at 6.5% and policy stance of withdrawal of accommodation
    • RBI upped GDP growth for FY 25 to 7.2% with inflation remaining at of 4.5%.
    • RBI’s high dividend payout positively impacting fiscal consolidation.
    • Inflation well-behaved, allowing room for potential rate cuts.
    • Liquidity to improve going forward post elections with increased government spent.
  • Investment outlook
    • Recommended focus on moderate duration fixed income products for balanced risk.
  • Risks
    • Slower pickup in private capex and consumption growth may impact adversely

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Mutual Fund investments are subject to market risks, read all scheme information and other related documents carefully before investing. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to your specific requirements, legal, tax and financial implications of the investment/participation in the scheme before investing.

  • Registered mutual fund distributor ARN:152411
  • Registered mutual fund distributor – Code No - 18016

Pictern Technologies LLP is AMFI Registered mutual fund distributor (registration no ARN – 152411) and a BSE registered mutual fund distributor (code – 18016) with registered office at Hyderabad, India

disclaimer

Mutual Fund investments are subject to market risks, read all scheme information and other related documents carefully before investing. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to your specific requirements, legal, tax and financial implications of the investment/participation in the scheme before investing.

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