Mahavir Kaswa

Associate Director, Product Management
S&P BSE Indices

Mahavir Kaswa is Associate Director, Product Management for equity and strategy indices in India and its neighboring countries at Asia Index Pvt. Ltd—a joint venture between S&P Dow Jones Indices and BSE Limited. His objective is to expand the business in the region through identifying local market trends and ensuring new products and services are aligned to the needs of the local market.

Mahavir has more than 10 years of experience in the capital market industry. Prior to joining Asia Index, Mahavir worked at BSE Limited where he got an opportunity to work on a variety of indices, including thematic, strategy, and volatility.

Mahavir has a Master of Commerce from Pune University, and is a Chartered Financial Analyst, USA.

Author Archives: Mahavir Kaswa

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 […]

One Year of NaMo and India’s capital market

One year ago (in May 2014), the majority of the citizens of India voted for NaMo (Mr. Narendra Modi, Prime Minister of India), with hopes for “Aache Din” (days of prosperity) for the common man of India through the eradication of corruption, increased transparency, faster growth, recuperation of black money stashed abroad, and improved infrastructure, Read more […]

A Comparison in Market Performance for First Six Months of Modi in 2014 versus First Six Months of Manmohan in 2009

As of Nov. 26, 2014, Modi “Sarkar” (Modi’s government) has completed six months of leading the central government.  Since Mr. Modi assumed office, there have been high expectations from the corporate community, not just in India, but across the world.  This is represented by the barometer of the market in India: the S&P BSE SENSEX. Read more […]

S&P BSE SENSEX – Does it really reflect the performance of the Indian Capital Market?

It’s hot out there in India. Is it because of the peak of summer? Or because of the Modi swearing in as a PM? Or because of the S&P BSE SENSEX is reaching new highs in the past few weeks? On May 9, 2014, the index reached another new, all-time high of 23,048.49 (price return Read more […]