Subramaniam Swamy V/s. Nilesh Shah – whom to follow for Investment in Indian Stocks?
September 21, 17
Subramaniam
Swamy V/s. Nilesh Shah – whom to follow for Investment in Indian Stocks?
Greetings from Hitesh! We have come across very
good piece of opposite view on Indian Economy. One is given by great economist
– Mr.Subramaniam Swamy from BJP and other is given by well respected Fund
Manager Mr. Nilesh Shah.
Let us
see what Mr.Swamy Says :-
The Indian economy is heading for a “major depression” and
it can “crash” soon if efforts are not put to revive it, BJP leader Subramanian Swamy has said. The
Rajya Sabha MP claimed that a year and half ago, he had written a 16-page
letter to Prime Minister Narendra Modi warning him about the economy
which is in a “tailspin”.
“Today, the economy is in a tailspin. Yes, it can crash.
We need to do a lot of good things to revive the economy. Even a tailspin can
be made to steady. If nothing is done, we are heading for a major depression.
There will be mass scale… banks might collapse, factories might start closing,”
he said in an interview to CNN-News18 recently.
You can read the full report by clicking on the below
given link.
What
is the view of Mr.Nilesh Shah?
In July 2017, in Mutual Fund Round Table
conference he had given following lecture. I have attached Youtube link for
those who wants to watch the full lecture.
https://youtu.be/5TwqSoShVCg
What
he said in his lecture?
He said about change happening in India. He
talked about following points.
1. Aadhaar Card :- he said govt has caught 3.5 Crs
GHOST people thanks to Aadhaar Card.
2. 1.6 cr GHOST RATION CARD.
3. Thanks to Aadhaar Card – 300 shops for
FERTILISER SHOPS have closed.
4. MANREGA money has been utilized to do the POND
and WATER Bridges and he also shared the example of GUJARAT FARMERs growing up
at 10%.
5. GST has added incremental ratio of TAX to GDP.
6.
He talked about TRIVENI
SANGAM of LIQUIDITY / SENTIMENTS and FUNDAMENTALS.
The
MESSAGE is being forwarded as the achievement of the MODI GOVERNMENT in
WHATSAPP by MODI BHAKTS.
What is my
argument against Mr. Nilesh Shah?
He was speaking to the top Mutual Fund Agents
of India. I have listened to him many times and listening to him is always a
pleasure. But this time it looked as if he was more of a fund manager trying to
sell positivity to the agents so that they can go to the market and sell SIPs
and other products. In fact, during the lecture, he tried to sell SIP three
times to the gathering. ( I haven’t see NILESH bhai doing this in his past
lectures).
Let us see some of the arguments he has put
forward.
1. 3.5 Crs + 1.6 Crs GHOST people is not even 5%
of India’s 130 Cr population. This does not make material difference in the
results.
2.
He praised for
DEMONETISATION is not reflecting the actual negative effect on the ground
realities.
3.
Normal Shop keepers /
businessmen are feeling a BULLYING by GOVT for GST implementation rather than
taking them in confidence.
4.
Overall it was a SALES
SPEECH of a SEASONED FUND MANAGER.
What
is the REALITY from SKEPTICS of Mr.Modi’s move?
Since the day MODI became the PM - his focus is
only on one thing – making India shine in International community. He has taken
all the steps, which can be appreciated in International Community. He is doing
frequent trips to abroad. His critiques are calling him NRI PM. He has focused on changing the PACKAGE of
India rather than changing the India’s ground realities.
The easiest way to change the image of India is
to change the STOCK INDEX. To jack up the stock price all you need is
Liquidity. Liquidity can come by earning money and then investing into stock
market. This would have been a long path.
So, he took short cut through demonetisation as
a weapon to divert liquidity to the banks and stock market. The next step was
GST. Both these steps have literally stopped the cycle of economy and GDP is
going down quarter over quarter since last 18 months. (Unfortunately, Mr.
Nilesh Shah did not touch this fact also).
These two steps have forced many businessmen to
go out of the business and park their money into Stock Market. When Mr.Nilesh
Shah talks about increase Liquidity, he is not touching the above points.
What
is My PERSONAL View?
I have been among the few who said
demonetsation will kill the economy and I am proven 100% right. Looking at the
future, way back on 28th MAY 2017, I have predicated about coming FALL
in the MARKET. After my calls many guys like JIM ROJER are talking about the
same thing. To our readers – we always keep them way ahead of the market
experts and fund managers.
While predicting NEW YEAR for Mr. MODI on his birthday
on 17th Sep.,2017 – we had categorically written that his PARTYMEN
will go against him. Same thing is happening with Mr.Swamy publically criticizing
Govt. steps. I wish GOVT should listen
to MR.SWAMY and take corrective steps.
What
Next?
We are prepared for the market moves in any
direction. If you want to make tons of money, please approach us.
Have a happy investing.
Live With
Passion…Invest With Passion.
Hitesh Parikh.
I make $20 for a 20 minute survey!
ReplyDeleteGuess what? This is exactly what major companies are paying me for. They need to know what their average customer needs and wants. So big companies pay millions of dollars every month to the average person. In return, the average person, myself included, answers some questions and gives them their opinion.