Manish Gunwani, CIO, Equity Investments, Nippon India Mutual Fund In Conversation With Rahul Arora

Point Of View Manish Gunwani, CIO, Equity Investments, Nippon India Mutual Fund In Conversation With Rahul Arora, CEO, Nirmal Bang Institutional Equities Key Takeaways from the interview of Manish Gunwani, CIO, Equity Investments, Nippon India Mutual Fund with Rahul Arora, CEO, Nirmal Bang Institutional Equities in Point of View, a continuing series of interviews with industry stalwarts. The Markets have been quite cheerful compared to the situation around, making the atmosphere a little uneasy Various indicators that were showing recovery came undone in the current situation First reaction while in the markets is don’t look at P & L only, but at Balance Sheet also The intensity of the impact of the pandemic on the GDP has been one-of-a-kind and more than the financial crisis No big sector call can be made in such a time Overall if you are patient, some stocks are cheap, and the ask rate is low There are clearer bets that can be made considering the current situation While picking a company, look at those providing a stable product/service Financial companies will be good bets in the long term, but tend to be leveraged; thus, identifying the good ones can be a little tricky Those companies/ sectors that are seeing structural changes and disruption due to changed consumer behaviour prove to be higher bets to make The stock market will do better than the economy Markets have gravitated towards a few sectors The markets are not only impacted by factors related to India but also globally, and the global cycle will revive faster Markets are optimistic and things will turn back Investors must retrace where they have have lost money and make changes accordingly A lot of NPAs have been resolved over the past 5 years, making the situation a little better It’s important to have a holistic view and not just one aspect when picking stocks. Only seeing balance sheets can be relative Among pharmaceutical companies, there may be an option to make money and there are opportunely-valued pharma companies General Insurance, Insurance and Asset Management will see a slight hit due to the shift in people looking to save more, but will recover People will mainly look at the performance of a fund house while picking mutual fund schemes due to increased awareness Passive investing will be more prevalent Hopefully, alpha creation will regain importance Alternative assets in mutual funds have become big On a personal front, doing business on your own is very educative, feels Manish As an investor, it’s important to remember that scaling is not always easy for a company. Moving from 100 to above is not the same as moving from 1 to 100 Indian sell-side firms are well-placed in comparison to their global peers Gold has given great returns and active investment can be done due to the situation of money printing in various economies globally Considering extreme economy situations that can come up – gold is a good option Passion for your job is the single most important aspect and people should find their vocation Here are our social media handles. Request you to follow us and stay connected for more updates: LinkedIn:   / nirmal-bang   Facebook:   / nirmalbang   Instagram:   / nirmalbanggroup   Twitter:   / nirmalbang   Visit our website on: https://www.nirmalbang.com/ View more videos on: https://www.nirmalbang.com/static/sup... Disclaimers & Disclosure: https://www.nirmalbang.com/disclaimer... https://www.nirmalbang.com/disclosure... #NirmalBang #BeyondApp #RelationshipBeyondBroking #MutualFunds #NipponIndiaMutualFund #ImpactOfCovid_19 #Coronavirus #StayHomeStaySafe #lockdown5 #lockdownextension