PARALYZED ECONOMY? Restructure Your Investments Amid Gloomy Economy with Reduced Interest Rates

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PARALYZED ECONOMY? Restructure Your Investments Amid Gloomy Economy with Reduced Interest Rates Outlook Money - Conclave pg 54 Interview: Prashant Kumar, Yes Bank pg 44 APRIL 2020, ` 50 OUTLOOKMONEY.COM C VID-19 PARALYZED ECONOMY? Restructure your investments amid gloomy economy with reduced interest rates 8 904150 800027 0 4 Contents April 2020 ■ Volume 19 ■ issue 4 pg 10 pg 10 pgpg 54 43 Cultivating OutlookOLM Conclave Money ConclaveReports and insights from the third Stalwartsedition of share the Outlook insights Moneyon India’s valour goalConclave to achieve a $5-trillion economy Investors can look out for stock Pick a definite recovery point 36 Management34 stock strategies Pick of Jubilant in the market scenario, FoodWorksHighlighting and the Crompton management Greaves strategies of considering India’s already ConsumerJUBL and ElectricalsCGCE slow economic growth 4038 Morningstar Morningstar InIn focus: focus: HDFC HDFC short short term term debt, debt, HDFC HDFC smallsmall cap cap fund fund and and Axis Axis long long term term equity equity Gold Markets 4658 Yes Yes Bank Bank c irisisnterview Real EstateInsuracne AT1Unfair bonds treatment write-off meted leaves out investors to the AT1 in a Mutual FundsCommodities shock,bondholders exposes in gaps the inresolution our rating scheme system 5266 My My Plan Plan COVID-19: DedicatedHow dedicated SIPs can SIPs help can bring bring financial financial Volatile Markets disciplinediscipline in in your your life lives Investors need to diversify and 6 Talk Back Regulars : 6 Talk Back restructure portfolios to stay invested Regulars : and sail through these choppy waters AjayColumnsAjayColumns Bagga, Bagga, SS Naren,Naren, :: Farzana Farzana SuriSuri CoverCover Design: Vinay VINAY D DOMINICOMinic HeadHead Office Office AB-10, AB-10, S.J. S.J. Enclave, Enclave, New New Delhi Delhi 110 110 029; 029; Tel: Tel: (011) (011) 71280400, 71280400, Fax: Fax: (011) (011) 26191420 26191420 Ot OtHHerer Offices Offices Bangalore: Bangalore: (080) (080) 43715021 43715021 Kolkata:Kolkata: (033) (033) 46004506, 46004506, Fax: Fax: (033) (033) 46004506; 46004506; Chennai: Chennai: (044) (044) 42615225, 42615225, 42615224; 42615224; Fax: Fax: (044) (044) 42615095; 42615095; Mumbai: Mumbai: (022) (022) 50990990, 50990990, PrintedPrinted and and published published by by Vinayak Vinayak Aggarwal Aggarwal on on behalf behalf of of Outlook Outlook Publishing Publishing (India) (India) Pvt. Pvt. Ltd. Ltd. Editor: Editor: Arindam Arindam Mukherjee. Mukherjee. PrintedPrinted at at Kalajyothi Kalajyothi Process Process Pvt. Pvt. Ltd. Ltd. Sy.No.185, Sy.No.185, Sai Sai Pruthvi Pruthvi Enclave, Enclave, Kondapur Kondapur – – 500 500 084, 084, R.R.Dist. R.R.Dist. Telangana Telangana and and published published from from AB-10 AB-10 Safdarjung Safdarjung Enclave, Enclave, New New Delhi Delhi 110029 110029 ForFor Subscription Subscription queries, queries, please please call: call: 011-71280462, 011-71280462, 71280400 71280400 or or email: email: [email protected] [email protected] PublishedPublished for for the the month month of of March April 2020; 2020; Release Release on on 1 1April March 2020. 2020. Total Total no. no. of ofpages pages 70 92 OutlookOutlook Money Money does does not not accept accept responsibility responsibility for for any any investment investment decision decision taken taken by by readers readers on on the the basis basis of of information information provided provided herein. herein. TheThe objective objective is is to to keep keep readers readers better better informed informed and and help help them them decide decide for for themselves. themselves. www.outlookmoney.comwww.outlookmoney.com April April 2020 2020 Outlook Outlook Money Money 3 3 Chapter One Stay Calm And Avoid Panic Selling n the last few weeks, things have not few months and bring in some cheer for the really been favourable for Indian investors. investors. The stock markets have tanked World over, the media is going through Imiserably and globally there are clear signs a tough time. Conditions are such that it of recession. There is a crisis of confidence in is increasingly becoming difficult for us to the markets and there is uncertainty all over. continue with our normal schedules. These are truly difficult and trying times. It is often said that desperate times Systematic Investing The entire world is in the throes of one of require desperate measures and we are truly Plans can keep you afloat its most formidable challenges ever faced by going through desperate times at present. during trying times mankind. The COVID-19 virus attack has Obviously, at our end too, it will call for taken the entire world unawares. The way drastic measures. We will do our best to out is still unknown. While hi-tech medical ensure that our readers stay safe and ensure research is ongoing, it is still uncertain when that we do not compromise your safety and we will be able to see the light at the other security in such times. end of the tunnel. The PM has put the entire nation in a We have seen unprecedented three-week lockdown in which nothing developments in the stock markets in the last but essential services will work. That puts few weeks. The Sensex has dropped by 2000 us in a difficult position to carry on with points plus in a day more than once. It stands normal working schedules as printing and at around 29,000 now as against 38,000 last distribution of the magazine will not be month. The story with the Nifty is similar. possible. Moreover, we would not want to Investors have taken a heavy hit and no one send magazines to our readers at this point is bold enough to venture into the unknown of time as the print copies go through many at this point of time. Making matters worse hands before reaching our readers and may are predictions by international bodies that inadvertently become carriers. India’s GDP growth will plummet. Some, like As such, we have decided to temporarily Moody’s has predicted that GDP growth will suspend the print edition of Outlook Money be just 2.5 per cent for calendar year 2020, for the time being till things improve. I hope down from 5.3 per cent forecast earlier. That our readers and subscribers will understand is not helping investor confidence. our predicament. In many places across the What is making things worse is the huge country, newspapers and periodicals have drop in crude prices which is affecting the stopped production exactly for the same global economy. With the US becoming reasons. one of the worst affected countries by the But we will not leave you news-dry even in COVID-19 attack, the impact is being felt such times. We will produce an e-magazine worldwide and India is not an exception. on schedule and we will ensure that The times are going to be tough for e-magazine, with all its elements reaches you the months to come even after the virus so that you get your regular fill of our stories, massacre recedes in India. The markets, investment advice and insights into the though gaining in pockets, will take time to financial world. Of course, our website www. come back to their earlier glory primarily outlookmoney.com will continue to update because the Indian industry has been hit you on the latest in the financial world. badly. Manufacturing and productivity has We hope to resume regular print been severely affected. The state of company production as soon as things improve and results in the next quarter is anybody’s guess. we are able to restart normal working In such times it does not pay to do any schedules. Till such a time, we request you to panic selling and will make sense to stay bear with us. ARINDAM MUKHERJEE invested for the long term because the Praying that all of you stay home and [email protected] markets may show some resilience after a stay safe. 4 Outlook Money April 2020 www.outlookmoney.com Always You First. Open a Savings Account and get up to 7% interest p.a. Because for us, it’s Always You First. Introducing IDFC FIRST Bank, a bank that always puts you first. It’s why we offer 7% interest p.a. with an assured 6% interest p.a. on our Savings Account. Open an account and get returns better than the prevailing banking industry deposit rates, with access to your money at all times. So bank with us, and see what it’s like to always be first. Up to `1 Lakh - 6.00% p.a. > `1 Lakh - 7.00% p.a. Rates are applicable for domestic, NRE and NRO Savings Accounts. Frequency of interest payout will continue to be on quarterly basis. Open an IDFC FIRST Bank account NOW idfcfirstbank.com 1800 419 3332 Talk Back Dreams Have No Expiry Date Being someone of that ripe age, Latika’s story EDITOR Arindam Mukherjee about miseries and EQUITIES AND MARKETS EDITOR following the trail of Yagnesh Kansara opportunities to creating SENIOR ASSISTANT EDITORS Aparajita Gupta, her own ferry of destiny, Anagh Pal inspired me to a different SPECIAL CORRESPONDENTS height. In times when Himali Patel, women are coming out of Vishav their shell and efficiently PRINCIPAL CORRESPONDENT Nirmala Konjengbam contributing to the SENIOR CORRESPONDENT economy, Latika did not step back thinking about her age, as dreams Dipen Pradhan are to be lived without considering the age. She had her moments NEWS DESK filled with obstacles, but her sheer desire to not overlook her talent COPY EDITOR and pick up the resources that she finds midway, only to give a shape Sudeshna Banerjee to her dreams. I would like to thank Outlook Money for giving the SENIOR SUB EDITOR Sampurna Majumder deserving exposure to women like Latika Chakravorty. Shipra Sinha, Kolkata TRAINEE SUB EDITOR Indrishka Bose WEB CORRESPONDENT Building Her Legacy Rajat Mishra DIGITAL TEAM It was such a delight to read this particular article on how Manju Amit Mishra, Sneha Santra Yagnik, with her passion and high skill, decided to excel in a male- ART Praveen Kumar.
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