Benchmark indices are ruling at record high levels and there are a few analysts who feel the market is factoring in two years of earnings growth in advance, and has little margin of safety.
Others say it is global liquidity and the low interest rate regime, which could keep equities performing. They say that market valuations are higher but only ‘optically’. These analysts feel there are still enough attractive opportunities in the market.
With so many divergent views, how should investors position themselves?
We caught up with Srinivas Rao Ravuri, CIO-Equities at PGIM India Mutual Fund, to know his views. Welcome to the show, Mr Ravuri!
1) Do you think the prevailing market valuations are just ‘optically’ high and that there are enough pockets to find value?
2) Can you tell us about your broader expectations from the December quarter earnings season? Can the latest cycle of earnings justify the ongoing frenzy in the markets?
3) From the side of the equity and MF industry, what is your wish list for the forthcoming Budget?
4) Mr Ravuri, can you give an advice to new investors in New Year?
Thank you Mr Ravuri, that was indeed an insightful conversation. That’s all in today’s special podcast but keep checking this space for more such interesting content. Good bye!