As warned in an earlier post, the Indian Stock Market has started its downward journey and reached new 7 month lows today. India also posted a record current account deficit in the October-December quarter causing the Indian rupee to weaken and foreign investors have now sold a net total of $137 million in Indian shares in the four trading sessions to Monday and a net total of $710.68 million in domestic debt over the same period, according to regulatory data.
I have always encouraged the diversification of portfolios away from an Indian equities focused portfolio to a more diversified global exposure. RBI's Liberalised Remittance Scheme in combination with fund houses in the Channel islands and Isle of Man are the right tools to use to achieve this diversification.
No comments:
Post a Comment