Welspun India back in demand

Welspun India seems to be back on the shopping list of fund managers and savvy investors. The stock, which had crashed 56 per cent after allegations of it passing off ordinary bedsheets as premium Egyptian cotton, has gained five per cent each in the previous three sessions.

A widely-followed fund manager expects the counter to make further gains. Notably, the interest in the stock was triggered after Wasatch Emerging Markets, a global fund focusing on international small caps, bought six million shares in the company.

Beyond fundamental and technical analysis

Stock-picking has been called an art by some and science by others (especially technical analysts) but many believe in astrology as well. Recently, a leading fund manager admitted he's been taking advice on the index from an astrologer. The latter's prediction: the Nifty will hit 9,000 by September 12. Then, things could go southward.
 

Bridging the gap between fund management and sales

With domestic fund managers coming under pressure, as they are being forced to support the sales team, a mid-size fund house seems to have come up with a solution: An investment officer. The officer will act as a bridge between the sales and fund management teams, effectively taking the pressure off senior fund managers from playing non-core roles. While the officer will not be involved in active fund management, he will have superior knowledge of mutual fund products and come equipped with a recognised qualification like a certified financial analyst or certified financial planner. This will ensure he can sell funds and handle queries thrown by distributors with ease.