Investment theme for decades!
Veteran fund manager Mihir Vora turned the pages of history to Japan in the ‘60s, South Korea in the ‘80s and ‘90s and China post ‘90s to infer that for a structural decade-long GDP growth, physical asset creation, boost in manufacturing capacities and infrastructure is a must. For decades-long growth, he says that we have to bet on infrastructure, capex, and real estate.
Bottom-up approach for IPOs
A reality check on IPOs points towards the fact that most of them underperform the market in a few months. Chakri Lokapriya, CIO & MD, TCG AMC, opines that bottom-up IPO picking is the key. Taking the example of GR Infra, he says that the government’s big push for infra spending on roads, etc makes the stock attractive.
Riding the credit cycle wave
As long as the central bank is generous in its liquidity measures, credit growth is a strong possibility as the capex cycle hasn’t picked up yet. Dalal Street veteran S Naren, in this interview, says credit growth is at the bottom and there is a room for improvement. If there are any party spoilers, it should be the central bank, he adds.
Value unicorns by revenue, not profit
How do you approach a unicorn like Zomato which makes no profit? Look at its revenue with an outlook of over 5 years, says Karan Taurani or Elara Capital. Although Zomato is expensively valued at the moment, additional revenue streams going ahead from business expansion plans could help bridge the valuation gap, he adds.
Trick you brain with investment goals
Dalal Street veteran, Sunil Subramaniam, MD & CEO, Sundaram Mutual Fund shares tips for investors to control their emotions. If your goal is for 5-8 years, then you should believe in India and bet on its growth. If your goals are shorter than a year or two, it is better to keep that chunk out of the market despite a very bullish outlook, he says.
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