From My Desk
Date	12-Jun-2014
Subject	Rush for Growth opportunity
Details	Sensex has moved more than 20% in last 6 months.. You all believe & discuss about India growth story going ahead...then why not be a part of it.... There are some strong fundamental reasons for launching this funds. > Government with a strong mandate has emerged at the centre (with clear majority after a long period of 3 decades) > Last time the market saw a clear majority for any govt was way back in 1984. 3 year Sensex returns post 1984 elections was approx 70% on absolute basis. > This event is a big structural change for equities as the decision making process would be on a fast track mode and will pave its way for structural reforms. > This can lead to potential re-rating/upgrades in earnings of the corporates in several sectors. > While Sensex is at all time high, there are opportunities in the mid & small cap space and across sectors for example, banking and infra. > We believe the current situation is similar to 2004-06, when along with GDP growth, these sectors gave phenomenal returns.
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