Flood of gains for India’s Monsoon


The strong upward trend in the Indian market benefited the Monsoon India Opportunity fund, which ended the month up 7.13%, taking year-to-date gains to 16.59%. This was the first month this year that the market had trended strongly, explains Monsoon’s Gautam Prakash, the conditions under which the fund, based on systematic trading, generates its most significant gains.

In the months ahead Prakash anticipates higher volatility as the Indian market has moved up in recent weeks. If the market continues to rise sharply, then the risk of a 10% to 25% correction is significant, he says.