{"id":5853,"date":"2014-08-11T11:40:25","date_gmt":"2014-08-11T06:10:25","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=5853"},"modified":"2015-03-23T15:08:09","modified_gmt":"2015-03-23T09:38:09","slug":"60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853","title":{"rendered":"\u201c60 per cent of Sensex\u2019 earnings are immune to most macro issues\u201d"},"content":{"rendered":"

With the run-up in valuations of a number of stocks, \u2018quality of business\u2019 rather than just \u2018size of business\u2019 will start mattering in stock choices, says Neelesh Surana, Head-Equities and Fund Manager at Mirae Asset Mutual<\/strong>.<\/i><\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n

In an interview with FundsIndia<\/strong><\/a>, Surana provides his views on the market and where opportunities may lie.<\/i><\/p>\n\"NS\"<\/a>\n

\u00a0<\/b>It appears that economic activity is picking up, despite higher interest rate regime and credit growth still lack lustre. Are we in for a regime of growth at high rates? What could be its implications?<\/b><\/p>\n

\u00a0<\/b>We (and the recent market movement based on it being a leading indicator) believe that India\u2019s fundamentals will improve over the next two years.<\/p>\n

However, economic reforms are critical both for the growth to improve, and also to bring down India\u2019s cost of capital.<\/p>\n

We believe that the recent increase in corporate confidence will help initiate revival in the capex cycle and the economic activity should pick from the second half.<\/p>\n

Key reforms to help accelerate India\u2019s GDP growth, and meet the tough target of deficit set by the government are \u00a0would be: (a)\u00a0higher tax-to-GDP ratio, and GST implementation. (b)\u00a0expenditure reforms, particularly reduction in fertilizer, food and fuel subsidies.<\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n

As regards interest rates, over time, interest rates should soften as structural issues related to deficit and supply side inflation are addressed. The government has started work to improve efficiency of food procurement and supply chain and invoked emergency powers to manage food prices. In our view, inflation is largely a supply-side issue that can be addressed through better economic policies.<\/b><\/p>\n

\u00a0<\/b>Do you believe the market is fairly valued now? Please substantiate.<\/b>\u00a0<\/b><\/p>\n

BSE Sensex is trading at 16.4x FY15, and 14.5x FY16 EPS. Markets are fairly priced, and returns will be in line with earning growth.<\/p>\n

On a near term basis, therefore, markets are fairly priced. We now need reforms to help bridge the gap between valuations and the currently weak, but improving fundamentals of the economy.<\/p>\n

We would like to highlight that about 60% of Sensex\u2019 earnings is from overseas related businesses or regulated businesses which are relatively immune to many macro issues. The earnings are depressed for the remaining 40% bucket of non-exports \/ non-government \/ non-secular businesses, for which economic uplift is important.<\/p>\n

Mirae Asset India Opportunities seeks to identify themes at their early stages. In the past year or so, could you share some themes that worked for you?<\/b>\u00a0<\/b><\/p>\n

Mirae Asset India Opportunities Fund<\/a> has a balanced portfolio spread across sectors, and its alpha is broadly created across sectors through stock<\/a> selection. On a sectoral basis, overweight position in pharma, auto ancillaries, and logistics have done well in the last few years.<\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n

What current themes or sectors are in focus in terms of their ability to deliver in future?<\/b><\/p>\n

Among the conventional names we are positive on private sector financials, and pharma. The new themes which we are positive on are in areas like — internet; building products, manufacturing exports, and agriculture-related themes.<\/p>\n

Are the mid-cap selections made in Mirae Asset India Opportunities<\/a> picked using criteria different from what is used to filter stocks for Mirae Asset Emerging Bluechip?<\/b><\/p>\n

The basic criteria of stock<\/a> selection is same, i.e., participating in businesses which represent large size of opportunity, with good return on investment, run by efficient management and yet available at a reasonable price.<\/p>\n

Between the two products, the allocation\/weight differs as Mirae asset India Opportunities\u2019 allocation to midcaps is about 30%, whereas the Emerging Blue Chip Fund is largely midcap-oriented.<\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n

Does the valuation or swift rally in mid-cap stocks bother you?<\/b>\u00a0<\/b><\/p>\n

Post the sharp rally in midcaps, we believe that risk-adjusted return profile is fairly balanced. Going forward, stock<\/a> selection would be extremely important, rather than a generic view on midcap Vs large caps. The quality of business will determine returns rather than size of business.<\/b>\u00a0<\/b><\/p>\n

What would be your advice to investors looking to allocate between large and mid-cap funds?<\/b><\/p>\n

The following points need to be considered to decide this:<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Post the sharp rally in midcaps, we believe that risk-adjusted return profile is fairly balanced, and thus a diversified \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 opportunities fund appears a good bet at this stage.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0From long-term allocation point of view, midcaps funds<\/a> tend to give higher upside provided time frame is over 3 years.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0The quality of business, will determine returns rather than size of business.<\/p>\n

Considering these, it is advisable to have 30-40% in mid-caps funds, and remaining in diversified opportunities kind of fund.<\/p>\n

Buy<\/span> 24 Karat Gold Online <\/span><\/a><\/div>\n

Disclaimer:<\/p>\n

The sector(s)\/stock(s) mentioned here do not constitute any recommendation of the same and Mirae Asset may or may not have any future position in these sector(s)\/stock(s). Past performance may or may not be sustained in the future. The portfolio of the schemes is subject to changes within the provisions of the Scheme Information document of the schemes. Please refer to the SID for investment pattern, strategy and risk factors.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With the run-up in valuations of a number of stocks, \u2018quality of business\u2019 rather than just \u2018size of business\u2019 will start mattering in stock choices, says Neelesh Surana, Head-Equities and Fund Manager at Mirae Asset Mutual. Buy 24 Karat Gold Online In an interview with FundsIndia, Surana provides his views on the market and where […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[61,6],"tags":[107,36],"yoast_head":"\n60 per cent of Sensex\u2019 earnings are immune to most macro issues<\/title>\n<meta name=\"description\" content=\"It is advisable to have 30-40% in mid-caps funds\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"60 per cent of Sensex\u2019 earnings are immune to most macro issues\" \/>\n<meta property=\"og:description\" content=\"It is advisable to have 30-40% in mid-caps funds\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-11T06:10:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-03-23T09:38:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS-270x300.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vidya Bala\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS.jpg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS.jpg\",\"width\":1800,\"height\":2000},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#webpage\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853\",\"name\":\"60 per cent of Sensex\\u2019 earnings are immune to most macro issues\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#primaryimage\"},\"datePublished\":\"2014-08-11T06:10:25+00:00\",\"dateModified\":\"2015-03-23T09:38:09+00:00\",\"description\":\"It is advisable to have 30-40% in mid-caps funds\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\\u201c60 per cent of Sensex\\u2019 earnings are immune to most macro issues\\u201d\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f\"},\"headline\":\"\\u201c60 per cent of Sensex\\u2019 earnings are immune to most macro issues\\u201d\",\"datePublished\":\"2014-08-11T06:10:25+00:00\",\"dateModified\":\"2015-03-23T09:38:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#webpage\"},\"wordCount\":852,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS-270x300.jpg\",\"keywords\":[\"interview\",\"Mutual fund\"],\"articleSection\":[\"Fund advice\",\"Mutual funds\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f\",\"name\":\"Vidya Bala\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g\",\"caption\":\"Vidya Bala\"},\"description\":\"Vidya Bala was the Head of Mutual Fund Research at FundsIndia\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/author\/vidya\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"60 per cent of Sensex\u2019 earnings are immune to most macro issues","description":"It is advisable to have 30-40% in mid-caps funds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853","og_locale":"en_US","og_type":"article","og_title":"60 per cent of Sensex\u2019 earnings are immune to most macro issues","og_description":"It is advisable to have 30-40% in mid-caps funds","og_url":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2014-08-11T06:10:25+00:00","article_modified_time":"2015-03-23T09:38:09+00:00","og_image":[{"url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS-270x300.jpg"}],"twitter_misc":{"Written by":"Vidya Bala","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#primaryimage","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS.jpg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS.jpg","width":1800,"height":2000},{"@type":"WebPage","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#webpage","url":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853","name":"60 per cent of Sensex\u2019 earnings are immune to most macro issues","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#primaryimage"},"datePublished":"2014-08-11T06:10:25+00:00","dateModified":"2015-03-23T09:38:09+00:00","description":"It is advisable to have 30-40% in mid-caps funds","breadcrumb":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"\u201c60 per cent of Sensex\u2019 earnings are immune to most macro issues\u201d"}]},{"@type":"Article","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#article","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f"},"headline":"\u201c60 per cent of Sensex\u2019 earnings are immune to most macro issues\u201d","datePublished":"2014-08-11T06:10:25+00:00","dateModified":"2015-03-23T09:38:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#webpage"},"wordCount":852,"commentCount":0,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#primaryimage"},"thumbnailUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2014\/08\/NS-270x300.jpg","keywords":["interview","Mutual fund"],"articleSection":["Fund advice","Mutual funds"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/60-per-cent-of-sensex-earnings-are-immune-to-most-macro-issues\/5853#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f","name":"Vidya Bala","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g","caption":"Vidya Bala"},"description":"Vidya Bala was the Head of Mutual Fund Research at FundsIndia","url":"https:\/\/www.fundsindia.com\/blog\/author\/vidya"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/5853"}],"collection":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=5853"}],"version-history":[{"count":6,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/5853\/revisions"}],"predecessor-version":[{"id":7107,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/5853\/revisions\/7107"}],"wp:attachment":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=5853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=5853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=5853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}