Mahavir Kaswa

Senior Manager, Product Management
S&P BSE Indices
Biography

Mahavir is responsible for product management for equities and strategy indices in India and its neighboring countries. His objective is to expand the business in the region through identifying local market trends and ensuring new products and services are aligned to meet the needs of the local market.

Mahavir has around 10 years of experience in the financial services industry. Prior to joining S&P BSE Indices, Mahavir worked at BSE Limited (formerly Bombay Stock Exchange Ltd.) where he got an opportunity to work on variety of indies including thematic, strategy, and volatility. Before BSE, he worked with CRISIL and was on the deputation to IISL Ltd (then JV between CRISIL and NSE Ltd) where he gained experience in Index operations.

Mahavir has a Master’s of Commerce from Pune University, and is a Chartered Financial Analyst from ICFAI, Hyderabad.

Author Archives: Mahavir Kaswa

Know your Price Return versus Total Return Indices

Recently, the S&P BSE SENSEX closed above 30,000 (and 31,000 as of 26th May 2017) for the first time, recording a lifetime high in its 31 years of live history.  Immediately, print and online media were flooded with news articles discussing various milestones of the S&P BSE SENSEX. There were columns explaining how market participant Read more […]

MidCap: A Sweet Spot in the Indian Equity Market

The mid-cap space has often been described as the “sweet spot” of equity investing—and with good reason.  Mid-cap companies tend to offer a balance between the high growth (and high risk) offered by small caps and the stability (but relatively slower growth) of large caps.  Additionally, Indian mid-caps have a more diverse sector representation than Read more […]

S&P BSE SENSEX Index Series

The S&P BSE SENSEX is India’s bellwether index and is a globally recognized benchmark.  With the recent launch of the S&P BSE SENSEX 50 and S&P BSE SENSEX Next 50, Asia Index Pvt. Ltd. has expanded its S&P BSE SENSEX Index Series.  The newly launched indices are designed to measure the top 50 companies and Read more […]

How Did Indian Equities and Fixed Income Fare in 2016?

What a year 2016 was—from concerns about slowing down of the Chinese economy and a surprise vote by the UK to exit the EU to a continued trend of low-to-negative interest rates among major economies globally, demonetization in India, the shocking victory of Donald Trump in the U.S. presidential election, and finally, the U.S. Federal Read more […]

India: Market Update for Q3 2016

Buoyed by a good monsoon season, an increased inflow of funds by foreign portfolio investors (FPIs), the passage of a goods and services tax (GST) bill in the upper as well as lower house, and the possibility of an interest rate cut due to low to moderate inflation, the Indian capital market posted its second-best Read more […]

The CBLO Rate: Its Movements, Effects, and Future

In my blog “Introducing the CBLO Rate,” we discussed what the collateralized borrowing and lending obligations (CBLO) rate is and how the S&P BSE Liquid Rate Index would be useful for market participants.  In this post, let’s discuss the history of the CBLO rate and nature of CBLO rate movement. The repo rate is the Read more […]

Introducing the CBLO Rate

Bankers and corporate treasury managers may be facing the challenge of parking excess cash for a short period, maybe overnight, to earn some income or interest without compromising the security of the funds.  Similarly, there are many banks and corporates that need cash in the short term at the lowest possible rate.  While there are Read more […]

2015 – The Year of Hope and Despair for the India Market

The calendar year (CY) 2015 started with high optimism among domestic and international investors that the recently (September 2014) formed Modi Government would be able to push a reform agenda to help clock GDP growth in India from 8%-10%, if not more. The high expectations could be seen as the S&P BSE SENSEX reached an Read more […]

India: Market Update for Q3 2015

Key highlights of the past quarter that ended Sept. 30, 2015 were the continued fall in wholesale and retail inflation, the devaluation of the yuan and the subsequent reduction in interest rates by the Chinese government, the Fed keeping interest rates the same, and the reduction in the repo rate by the Reserve Bank of Read more […]

Manufacturing: India needs it to spur its growth rate

MACRO-ECONOMIC OVERVIEW:  Over the last couple of decades (1994-2013), China noted an average GDP growth rate of 10%, while India noted an average GDP growth rate of a little less than 7% during the same period.  However, over past few years, China has noted a steady decline in its growth rate.  If the estimates of Read more […]