Regional Vogyage-2022 organized by Aditya Birla Sun Life MF in Rajkot
Regional Vogyage-2022 was organized by Aditya Birla Sun Life Mutual Fund in Rajkot. Aditya Birla MD of Sunlife. A seminar was held with distributors under the chairmanship of Bala Subramanian in which more than 750 distributors from Saurashtra-Kutch got informative information.
Information and insights about the market and mutual funds were given on 23-05-2022 at the Imperial Palace Hotel in the city. Distributors attending the seminar resolved their queries.
Aditya Birla Sun Life Mutual Fund Manager Mr. Vinodbhai Bhatt, an economist from Mumbai and having extensive knowledge about Mutual Funds for the last 15 years, gave informative information in his speech and guided the distributors.
“We have a single motto, ‘Growth at Reasonable Prize’, and we work to get a good return by investing in the stock market at a reasonable price,” he said. The ongoing war between Russia and Ukraine and the lockdown and inflation following the Corona in China are having an impact on the global market. As well as the whole world, the market is down.
At present, India’s GDP is still a bit away from the extrapolated trendline tracking the economy. There are three main dimensions of any economy. Consumption, investment and export.
Now if we talk about the first dimension, our economy is developing slowly in the time after Corona. Infrastructural facilities are also being developed in rural areas. The construction sector is developing on a large scale in the country of investment. Aditya Birla Sun Life Mutual Fund works with these three parameters in mind. And we focus on how to invest at a reasonable rate so that the expected return is achieved.
In the near term, a rise in commodity prices could lead to lower corporate margins for discretionary consumer demand, resulting in a decline in earnings for FY23. However, we believe that over the next 3 to 5 years, earnings are likely to grow at a CAGR of 13-14%, higher than the long-term average.
Currently, the situation is good for corporate expansion. Because now the demand situation is improving and capacity utilization is increasing. Especially in areas like textiles, chemicals, manufacturing, etc., our country India is likely to be a major beneficiary of China’s +1 model.
Looking at the medium to long term parameters, we are showing a positive attitude towards Indian equities and expect the markets to be at a higher level. Overall, we believe that the Indian equity markets provide the right option for easy returns over the next 3 to 5 years. It is also advisable to continue SIP and make additional purchases to get more returns.
Apart from this Mr. Bhavdeepbhai Bhatt, Head of Retail Sales gave detailed information about the structure of the industry and also gave information about SIP, Asset Allocation, Fixed Income and Equity and Partnership.
“Our internal analysis shows that Indian investors are more interested in equity mutual funds,” he said. The economy in India is on the brink of collapse. Most companies are recovering from the recession. Various corporate houses and small and large organizations are re-emerging on the path of development.
Mr. Mikkibhai Desai, Zonal Head, West Zone welcomed the speakers and distributors at the beginning of the seminar. While cluster head of Saurashtra Kutch Ashishbhai Popat briefly introduced the expert speakers.
It may be mentioned that Aditya Birla Sun Life Mutual Fund has been ranked among the top three mutual funds in the Saurashtra market. The fund house has expanded to 9 locations in Saurashtra, ensuring presence in all cities.
These include branches providing full service in Rajkot, Bhavnagar, Junagadh, Jamnagar, Bhuj and Gandhidham. Aditya Birla Sun Life Mutual Fund last year organized the largest number of programs in Saurashtra region to guide investors and develop distributors.
With this Aditya Birla Sun Life Mutual Fund insists that 25-30% in largecap plan, 35-40% in diversified plan, 15-20% in midcap and 15-20% in small cap and also 15-20% in thematic can be invested. Investments in mutual funds are subject to market risks, read all the documents carefully before investing.