Infrastructure stks may correct in short term: Chaturvedi

Ved Prakash Chaturvedi, MD, Tata Mutual Fund is of the opinion that one bright spot in the Indian market over the next 5 years and 3 years will continue to be infrastructure. In shorter term the valuations are stretched and there will be a correction. Lot would depend on what comes out in the Budget for infrastructure.
Chaturved told CNBC-TV18, "I have been a very long term infrastructure bull. I think the one bright spot in the Indian market over the next 5 years and 3 years will continue to be infrastructure. In shorter term I think the valuations are stretched and I think there will be a correction. Lot would depend on what comes out in the Budget for infrastructure. But this is in my view one of the bright spot in the Indian markets."

Source: http://www.moneycontrol.com/india/news/stocks-views/infrastructure-stks-may-correctshort-term-chaturvedi/401149

Shinsei to enter AMC space in India; to launch 3 funds by July

Shinsei Mutual Fund, an arm of Japan-based Shinsei Bank, will launch three fund offers in India by July-end this year, marking its foray into the country's asset management space.

"Timing is opportune to enter as investors are regaining confidence in the mutual fund space. By July end we would come out with three new fund offers for India," Shinsei AMC, India, Chief Executive Piyush Surana said.
The company plans to launch three new fund offers — Shinsei Liquid Fund, Shinsei PSU Bonds Funds and Shinsei Industry Leaders Fund — within two months, for which it has got the clearance of market regulator Sebi last week.
"We aim to achieve break-even within 3-5 years," he said, adding "currently we are assessing the market scenario and Shinsei AMC would bring in another 6-8 funds in next 18 months accordingly."
Of the new fund offer, the liquid fund and the PSU Bond fund would be in the ultra-short term fund category with a lock-in of one year, while the Industry Leaders Fund would be a equity fund and invest in companies with track record of growth in profit, sales and having substantial market share.
At the end of May, the 35 fund houses in the country had a cumulative average assets under management (AAUM) of Rs 6,39,129.82 crore.

Source: http://www.business-standard.com/india/news/shinsei-to-enter-amc-space-in-india-to-launch-3-funds-by-july/64287/on