[04:34:48 PM] => Myiris : Welcome to myiris chatmasala
[05:36:57 PM] => Myiris : Our guest, Mr. Ravi Gopalakrishnan, Fund Manager - Equity, Sun F & C Mutual Fund, will be joining us shortly.
[05:37:14 PM] => DISCLAIMER
[05:37:35 PM] => Mr. Ravi Gopalakrishnan is the fund manager - Equity, Sun F & C Mutual Fund. At the time of this conversation / chat, Mr. Gopalakrishnan may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Gopalakrishnan is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Gopalakrishnan, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed.
[05:37:48 PM] => None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision.
[05:38:01 PM] => Lastly the views expressed by Mr. Gopalakrishnan have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.
[05:38:15 PM] => Welcome to the chat session Mr. Gopalakrishnan.

[05:39:20 PM] => innerlight : If war happens what will be the impact on the share market?
[05:39:45 PM] => RG : The impact of a war will depend on the scale of the war. While we do not believe that there is a possibility of a full-scale war in the present scenario, a limited war like situation could have a temporary impact on the markets. But, as seen before, markets do tend to discount events quickly.

[05:40:48 PM] => jassi210 : Sir, I have bought lot of tech stocks like Sonata, HFCL, Silverline,Pentacomm, Cybertech at lower levels. But they have gone more down. So please suggest me what should I do? Should I hold for long time for book profit after some time? I want to invest more. Please suggest me some safe equity?
[05:41:15 PM] => RG : As per compliance, we do not comment on specific companies.

[05:42:08 PM] => rc6876 : What is the difference between check writing and check redemption?
[05:42:40 PM] => RG : The cheque writing option provides the investor with a facility to write cheques in favour of self or 3rd party on the back of their investment holdings in the mutual fund. This is automatically taken as redemption request for their units.
[05:43:03 PM] => In case of normal redemption, a redemption request application is made to the mutual fund company which pays the investor by way of cheque or pay order.

[05:44:24 PM] => ssvasan : What is the future outlook on VSNL - after 750% dividend payout. Will it move up on the news of disinvestment?
[05:44:55 PM] => RG : No comment

[05:45:14 PM] => ssvasan : Cummins India is it a good stock to look at?
[05:45:28 PM] => RG : No comments

[05:47:34 PM] => ssvasan : What is your view about Syngenta?
[05:47:51 PM] => RG : No comments

[05:48:15 PM] => pradeep chauhan : What are chances of market on Monday?
[05:49:36 PM] => RG : It is very difficult to predict daily stock market movements. Markets however, are expected to remain volatile in the near term given the tensions involving India and Pakistan.

[05:51:04 PM] => Gautam : As a first time investor is it the right time for me to enter the markets?
[05:51:27 PM] => RG : Timing of the markets is difficult. However, on a fundamental basis, the markets are trading at a Price to Earnings ratio of 13-14 times forward earnings which is close to the 9 year historic lower end of the spectrum of 12 times.

[05:52:05 PM] => Ravi Mohan : Sir, whats the outlook on private sector bank scrips?
[05:53:53 PM] => RG : With the trend towards universal banking, the banking sector will see considerable transformation. Also, private banks have a low cost base which protect their margins when spreads are under pressure. In terms of valuation the banking sector is available at attractive valuations and some of the private banks are well placed to take advantage of this transformation.

[05:54:45 PM] => NG76 : Which are the scrips that you are looking at to make good returns medium-term?
[05:55:04 PM] => RG : No comments

[05:56:22 PM] => Sonu : Sir, do you expect the media companies to do well, short-term?
[05:57:56 PM] => RG : The media sector is seeing a major consolidation within the industry. Also, some of the companies in the sector are available at attractive valuation. While it is very difficult to predict short term movements, the long term prospects of this sector continues to be positive.

[05:59:26 PM] => Vgupta : Where do you see the sensex at the end of the year?
[06:00:11 PM] => RG : It is very difficult to predict sensex movements in the short term, but in our view the long term trend continues to be positive.

[06:01:28 PM] => Harihar : What is your outlook for the tech sector for the next 6-months?
[06:02:16 PM] => RG : The tech sector is expected to grow at 25-30% p.a. according to the Nasscom this year. The technology companies, particularly the larger ones have been performing in line with expectation and based on our recent interaction with managements of some of the top companies this trend is expected to continue.
[06:02:43 PM] => Moreover, the increasing trend towards outsourcing by global corporations is likely to benefit Indian IT companies. Hence the long term prospects for Indian tech sector is positive.

[06:03:39 PM] => Harihar : Sir, regarding Sun F&C how do you evaluate performance compared to other equity funds?
[06:04:07 PM] => RG : No comments.

[06:04:36 PM] => Reddy : Is Sun F&C planning to come up with new schemes in the new year?
[06:04:53 PM] => RG : Yes, we are considering launching some schemes in the medium term.

[06:05:40 PM] => Vinayak Kamat: I am a pensioner and would like a diversified portfolio. Could you please suggest me some Sun F&C schemes?
[06:07:48 PM] => RG : You may invest in a combination of Money Value Fund- Bond option, Monthly Income Plan, Balanced Fund and the Value Fund (diversified equity) based on your risk profile.

[06:08:54 PM] => Raghu : Sir, as a portfolio manager do you take a short-term interest when there's a boom?
[06:10:22 PM] => RG : We normally invest with a long term perspective. However, we do take advantage of short term opportunities if the market offers one.

[06:11:01 PM] => Nirmal: Do you think the auto sector will do well?
[06:13:11 PM] => RG : The auto sector is showing signs of a turnaround. The two wheeler industry is particularly doing well. Even the Medium and Heavy commercial vehicle segment have shown improving trend in the last few months due to better monsoon and replacement demand.

[06:14:56 PM] => MehraG : Could you elaborate on the Sun F&C portfolio composition for equity funds?
[06:16:01 PM] => RG : You may get this information on our website www.sunfc.com.

[06:17:26 PM] => Nilesh : Sir, What's you outlook on cement and engineering? I have invested in L&T.
[06:18:26 PM] => RG : The cement sector is going through a consolidation. Cement companies have managed to turnaround through a combination of better realization and cost cutting. According to the cement manufacturers, the cement prices are expected to remain firm in the medium term and cement companies are expected to benefit as a result.
[06:19:45 PM] => The engineering sector�s fortunes are largely dependent on the progress of the economy. The government has indicated pump priming of the economy through increase in infrastructure spending. Moreover, the thrust towards power sector reforms could also benefit the engineering industry over the medium to long term.

[06:21:43 PM] => Vinod: Sir, Do you think index funds are a good idea at times like these?
[06:22:01 PM] => RG : Index funds are for investors who do not wish to take direct exposure to individual stocks and is a good way to diversify ones portfolio. Since the index is trading close to its historic lows it may be a good time to invest from a long term perspective.

[06:22:28 PM] => Myiris : Thats the end of the chat session for today.
[06:22:49 PM] => Myiris : Thank you all for sending in your questions.