The 41-year old Jain‘s theory is based on the bet that governments in developed countries will switch to fiscal stimulus to revive their economies, since monetary stimuli by central banks have been shown to be largely ineffective.
The 2016-17 Union Budget has a clear thrust for the rural economy while taxing urban and the top of the pyramid consumption, says Ritesh Jain, CIO of Tata Asset Management.
DHFL Pramerica Mutual Fund launches new fund as DHFL Pramerica Tax Savings Fund, an open ended scheme with the primary objective to generate long-term capital appreciation by predominantly investing in equity & equity related instruments.
According to Ritesh Jain, CIO, TATA Asset Management, The government chose to spell out its thought process for the next 4 years through the Union Budget 2015-16.
Union budget is likely to reiterate government‘s economic and governance agenda. It should also define fiscal deficit target at 3.6% for FY16. Government may also aim to covert some ordinances into law.
Ritesh Jain has joined Tata Mutual Fund as the CIO with effect from 27 May 2013.
Canara Mutual Fund has announced the resignation of Mr. Ritesh Jain, Head - Investment.
Morgan Stanley Mutual Fund launches Morgan Stanley Gilt Fund.
High interest cost is not the main culprit behind the depressed business sentiment; once things start moving at the policy level, you will see companies starting to invest even at these rates of interest,â€ Jain told moneycontrol.com in a free-wheeling chat.
Govt announced Fiscal deficit of Rs 5.25 trn (5.9% of GDP) for FY12 as against budgeted figure of 4.6%. For FY13, the govt has pegged the Fiscal deficit at Rs 5.15 trn (5.1%) of GDP says Ritesh Jain, Head of Investments, Canara Robeco Mutual Fund
RBI’s keeping policy rates unchanged is in line with our expectation. However, the underlying tone was lesser dovish than the last policy, as RBI while admitting the worries on growth front narrated that inflation risks remains in play and the same will influence both the timing and magnitude of future rate actions.
Morgan Stanley Mutual Fund today announced the launch of Morgan Stanley Multi Asset Fund, an open-ended debt fund. The NFO will open for subscription on January 17 and close on January 31, 2012.
The precious metal is in the last stage of a bull market; once global economies get back on track, it will lose its glow.
considering that interest rates and inflation are on the verge of peaking out. Ritesh Jain is Canara Robeco's head of Fixed Income and overseas fund management team.