The gold and silver holdings of domestic mutual funds (MFs) crossed the Rs 1 trillion mark for the first time in September, powered by a blistering commodity rally that lifted precious metal prices and drew fresh inflows into dedicated MF schemes.
Cascading effect of rising raw materials will result in inflation, high rates, slow capex
The dollar has fallen not just against commodity-linked assets but against other asset prices.
'In the overall global portfolio, India's weighting has come down in the past seven months.'
With Karnataka election results out of the way and as several key states, including Madhya Pradesh and Rajasthan, prepare for assembly polls later this year ahead of the 2019 general election, Shankar Sharma, vice-chairman and joint managing director, First Global, advises investors to ignore all the noise around the elections.