Taher Badshah, CIO-Equities, Invesco Mutual Fund In Conversation With Hiral Dadia

Way Forward For The Markets From An Economic Standpoint India Is Somewhere In-between Being A Domestic Oriented Economy Is One Of Our Biggest Strengths India Is Not At A Stage To Go And Stimulate The Economy In A Substantial Manner Markets Witnessed Panic Selling In The Month Of March Some Learning About Corona Has Come In As A Relief For The Markets There Is Phenomenal Amount Of Liquidity In The System Ability Of Some Of The Countries To Get Back To Work Is Positive A Lot Of Panic Has Started To Get Out Of The System Within The New Normal Markets Are At The Higher End Of The Curve Indian Markets Seem To Be Fairly Valued At This Point Of Time Envision Markets To Remain Range bound In The Near Term Expect Nifty To Remain Within A Range Of 9,500 to 10,500 Levels Currently It Is A Race Whether The Virus Gets Ahead Of Us Or The Economy Gets Ahead Of Us We Should Not Be Hoping For The Vaccine To Be Out Anytime Soon Visibility Of Earning Is Another Factor To Watch Out For India Is Still 20% Below Life High Levels Would Advise To Start Investing From A 2-3 Year Horizon At 25% Cut In Asset Prices Is A Good Starting Point To Invest In Markets Advise To Do Staggered Investment Bets Good Time To Start Investing Important To Participate In Markets Via Multicap Strategies Will See Consumers Who Will Be Relatively More Defensive From Here On Will See Borrowing And Lending Which Will Be Conservative Will See A Lot Of Digital Intervention In Many Businesses Will Have Companies Who Will Be Thinking Conservatively In Terms Of Capital Allocation And Investments As Fund Managers We Will Have To Constantly Re-balance Our Portfolio Advise Not To Look At Highly Leveraged Companies It Is Not A Market Where We Can Be Significantly Defensive Nor We Can Be Materially Aggressive Do Not Have A Choice But To Have A Balanced View Need To Discount What Could Happen Over Next 2 Years While Valuing Companies Need To See The Intrinsic Valuations Of The Companies In The BFSI Space, Have Reduced Our Exposure On NBFCs In The BFSI Space, Have Increased Our Exposure On Frontline Banks Increased Exposure To Asset Management Companies and Insurance Companies Positive On Household Utilities, Apparels, Footwear In The Consumer Discretionary Space Avoid Companies Which Are Heavily Dependent On Large Labour Force In The Industrials Technology And Pharma More Of A Defensive Play Whole Idea Is To De-risk And See That We Do Not Lose Out On Participation We Remain Broad Based In Terms Of Market Participation Likely To See The Broader Markets Play The Catch Up Rally Over Next Few Weeks Positive On The Telecom Space Investment Rationale For Telecom Sector Was Very Different Earlier Telecom Story Is Getting Stronger, Valuations Are Inexpensive Do Not See Financial Going Away As A Pivotal Sector Of The Markets 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 #WayForwardForTheMarkets #InvescoMutualFund