Author name: fundyantra

Summary: After a year of sharp underperformance versus global peers, India’s macro setup appears poised for recovery, supported by currency stability, GST-driven consumption revival, and accommodative monetary policy. Helios Mutual Fund expects mid and small caps to lead the next phase of market gains, while large caps provide stability. Focus remains on growth at a reasonable price, with selective exposure to fintech, platforms, BFSI, and consumption Global Domestic Economy Investment Outlook Risks Opportunities Policy Watch (Near Term) Key Takeaway The worst of macro and policy headwinds appear priced in.Domestic demand revival, policy support, and liquidity easing set the stage for a rebound from Q3 FY26 (Dec quarter).Helios sees mid & small caps driving alpha, while large caps form the steady core.Adopt a growth-at-value strategy for long-term wealth creation in India’s evolving economy.

Summary Summary Gold and silver have completed a powerful central-bank-driven bull run, with gold now near fair value after a ~50% YTD rally. Global liquidity remains high but growth is slowing, while India’s nominal GDP has moderated to 9–10%. DSP recommends reducing gold overweight to neutral, staying selectively positive on silver, and maintaining a valuation-anchored stance in equities—favoring large caps and quality balance sheets over mid and small caps. Global and Macro View Gold and Silver Outlook Silver View Equity & Market Outlook Risks Opportunities Key Takeaway Gold’s bull cycle has matured — time to be conservative, not greedy.India’s growth remains steady but nominal pace soft.Maintain equal-weight gold, selective silver, and a large-cap, quality-focused equity stance within diversified multi-asset portfolios for 2025–26.

Summary: Global growth is uneven — the US shows resilience but mounting fiscal stress, China faces banking and real-estate headwinds, and Europe struggles with political instability. India remains a relative outperformer with 7.8–8% GDP growth, strong fiscal discipline, and policy-led consumption support, though near-term pressure from tariffs, FII outflows, and stretched mid/small-cap valuations persists. Kotak AMC maintains a neutral stance on equities, positive on debt and gold, and prefers large-cap quality exposure within equities Global Domestic Economy Markets & Valuations Investment Outlook and Fund Strategy Key Takeaway • Global macro fragile — US debt, China slowdown, tariffs cloud sentiment.• India’s reforms, upgrade, and consumption stimulus support resilience.• Short-term headwinds from tariffs, FII outflows, and rich mid/small-cap valuations.• FY27 earnings recovery on track via domestic demand and export rotation.• Maintain balanced allocation — OW large caps, neutral mid, UW small; positive on debt and gold.