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Indian economy

Funds

Fund performance outpaces market despite lockdown, China-India border clash

The Tantallon India Fund closed 7.73% higher in June, in another volatile month as markets oscillate between bouts of anxiety over surging Covid-19 infections potentially requiring prolonged “shutdowns”.

Funds

Valuations compelling but earnings visibility extremely limited for lndian listcos

In the absence of a viable and scalable vaccination programme, trying to project demand, supply, revenues and margins over the next two to three quarters is a largely futile exercise.
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