Indian market rallies as Modi's popularity strengthens

SPONSORED BY : Neptune Investment Management

By Kunal Desai, Head of Indian Equites, Neptune

Added 30th March 2017

Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India's most populous state, Uttar Pradesh.

Indian market rallies as Modi's popularity strengthens

The BJP, led by Narendra Modi, registered a stunning victory in the recent state election of India's most populous state, Uttar Pradesh (UP). With market expectations of a luke warm performance in light of the recent demonetisation policy, Modi was able to secure a historic 2/3 majority.

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Important Information – for Investment Professionals only. Not for Retail Clients.
Investment risks
The Neptune India Fund may have a high volatility rating and past performance is not a guide to future performance. The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations and your clients may not get back the original amount invested. Investments in emerging markets are higher risk and potentially more volatile than those in established markets. A majority of investments made by the Fund may be in smaller and medium sized companies which can be higher risk than those in larger companies. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. The content of this document is formed from Neptune’s views as at the date of issue. We do not undertake to advise you as to any change of our views. Neptune does not give investment advice and only provides information on Neptune products. Please refer to the Prospectus for further details.

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