“We are currently witnessing a triveni sangam of money, market sentiments and fundamentals” -Nilesh Shah
Investors India|September 2021
Nilesh Shah is Group President and Managing Director of Kotak Mahindra Asset Management Company Limited. Nilesh was part of the team that has received the Best Fund House of the Year Award at all the mutual funds where he worked viz. Kotak MF, ICICI Prudential and Franklin Templeton over last three decades. Nilesh is Chairman of Association of Mutual Fund in India (AMFI), Member of Mutual Fund Advisory Committee (MFAC) and a part time member of the Economic Advisory Council to the Prime Minister. Nilesh was featured in Top 50 People of India by India Today for CY 20.
“We are currently witnessing a triveni sangam of money, market sentiments and fundamentals”  -Nilesh Shah

The current economic growth is being led by credit expansion globally. Developed markets debt has been on a constant rise since 2008. In the similar period, the debt in the emerging economies has come down from its peak levels. Overall, developed markets have three times more debt than the emerging markets. Still, the interest burdens of developed markets and emerging markets are almost at similar levels. This is because developed markets have very low interest rates in their economies. This provides the developed nations with the capital to support their economies and run large fiscal deficits. And it is this money expansion in the developed nations that is leading to asset price inflation.

This story is from the September 2021 edition of Investors India.

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This story is from the September 2021 edition of Investors India.

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