The Modi government's performance so far has been good and his biggest achievement has been managing to bring the growth agenda back on the table, says Jayesh Gandhi of Birla Sun Life AMC.
Birla Sun Life Mutual Fund announces change in fund management responsibilities, with effect from January 01, 2015.
According to Jayesh Gandhi, executive director, Morgan Stanley Mutual Fund, the current economic environment signals that growth is bottoming out and the domestic cyclical theme is likely to play out over six-12 months.
Jayesh Gandhi, Executive Director, Morgan Stanley MF feels the IT still remains a very strong sector to play in terms of global economic recovery and IT spending in the developed world.
Jayesh Gandhi, Executive Director, Morgan Stanley MF said he would not be surprised to see some consolidation in FMCG stocks despite decent set of numbers.
According to Jayesh Gandhi, Executive Director at Morgan Stanley, the government needs to stay on course on measures that will lead stocks higher from current levels.
In April, the Indian market will be keenly watching the RBI policy action. There are hopes for a rate cut. Jayesh Gandhi, executive director of Morgan Stanley Mutual Fund expects Indian equities to inch higher led by interest rate easing. He sees 16,000 as a strong base for the Sensex.
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.
In an interview with CNBC-TV18, Jayesh Gandhi, Executive Director, Morgan Stanley Investment Management, ECR spoke about the IAIP survey.