In this briefing:
- RRG Global Macro Weekly – Election Volatility Expected in India, Indonesia and Thailand
- India: Retail SIP Inflows Show Sharp Slowdown
1. RRG Global Macro Weekly – Election Volatility Expected in India, Indonesia and Thailand
- Volatility set to rise as Thailand, Indonesia and India all Face ElectionsRussia: Michael Calvey, a US citizen and one of Russia’s most prominent foreign investors, has been detained.
- Indonesia: Incumbent President and his challenger from the military are trying to outdo each other in spending largesse targeting rural poor ahead of the May election.
- South Africa: Recent inflation readings have been the lowest in a long time on lower fuel expenses. Expected to stay low.
2. India: Retail SIP Inflows Show Sharp Slowdown
- 62% of small cap funds, 38% of mid cap funds have negative 3-year SIP returns
- 33% of large cap funds have 3-year SIP returns lower than FD rate
- AMFI data shows 50% of SIP accounts were registered since April-17
- Discontinued SIP accounts in 9MFY19 are 24% higher than those over entire FY18. Net SIP additions are down 70% in last 6 months.
- Even though gross SIP inflows are holding up, industry experts indicate net inflows have fallen from 70% of the gross in mid-2018 to 40% currently.
Get Straight to the Source on Smartkarma
Smartkarma supports the world’s leading investors with high-quality, timely, and actionable Insights. Subscribe now for unlimited access, or request a demo below.
