Ultra Invest Venture

India was already on a path to growth, but the country’s drive toward digitization may put it on track to be the world's fastest growing economy over the next decade. Buoyed by demographics, reforms and globalization, India was already on its way to growing at a brisk pace over the next decade. Now, a new report from  Morgan Stanley Research  finds that two major initiatives—digitizing its predominantly cash-based economy and reforming its archaic tax system—have the potential to amplify India's expansion, making it one of the world's fastest-growing large economies over the next 10 years. “The country was already on a strong trajectory, but digitization puts India's nominal GDP growth on track to compound annually by more than 10% in U.S. dollar terms over the coming decade," says Anil Agarwal, Head of Asian Financial Research at Morgan Stanley. “The result could be a multi-trillion-dollar opportunity." Although the country faces near-term teet...

In 4 market lessons every investor must heed, Prashant Jain, Executive Director and Chief Investment Officer of HDFC Mutual Fund, shared some lessons every equity investor must make note of. Here he takes a broad look at the macro scenario and explains his bullish stance on the stock market.  GDP growth has slowed down. Earnings growth is low. However, the belief that the market is expensive is not borne out by P/E multiples. GDP growth - sharp improvement ahead   GDP Growth has indeed slowed down in last few quarters. However, this is, in all probability driven by demonetisation and GST, two very significant reforms that have caused temporary disruption in the normal functioning of the economy. However, as things normalise, growth rates are expected to recover smartly over the next few quarters.  Monthly data for July, August and September in auto volumes, steel production, power generation, rail cargo volume, airline passengers, IIP and non-oil, non-gems...

While investing one must remember that Risk and Reward are two sides of the same coin. _________________________________________________________________________________ Making money should not be considered a sin. While you make money, it also directly or indirectly create jobs for others. _________________________________________________________________________________ 3 habits stopping you from becoming rich • Procrastination “I can’t afford to invest right now. I’ll do it next year once the company reinstates bonuses.” Sounds familiar? • Taking useless advice Cynicism isn't a particularly positive attribute, but it has its place. Be cynical of tips when it comes to investing. In fact, it makes sense to avoid them altogether. Tips are for waiters, not investors. • Avoiding equity Investors can fall short of their financial goals for many reasons--key among them is under saving. But even if you are saving sufficiently but not giving the savings a chance to grow, you cou...