Market in mature phase of bull market

S Naren, ED & CIO, ICICI Prudential AMC in an interview to CNBC-TV18 spoke about the outlook for the market going forward and their new Bharat Consumption Fund.

Historically, March has been a good month to invest with a tactical view, he said adding that there is a scope for pop in April, May, a scope for the trading rally.
According to him, a 5-10 percent correction does not necessarily market the market cheap, the small caps and mid caps still continue to be overvalued, while within large-caps although a number of stocks look cheap, there is the reason for them being cheap. However, the large caps are more reasonably valued than the small caps and midcaps, he said.
Globally, we are entering an environment where interest rates are going up in the US and could stop going down in Europe and Japan, which is not a positive scenario. So, locally there is scope for volatility over the next 12-18 months.
However, long-term investor with a time frame of around 5 years, this good time to invest, said Naren.
Speaking about their new Bharat Consumption Fund series, he said usually in a phase before elections, consumption is a good theme to invest in and now when the government is likely to give a big thrust to consumption in the next 12-18 months. Moreover, it is a structural sector in the long run because people will continue to consume things like detergent, toothpaste, medicines etc.
Although the sectors that constitute the consumption space are not cheap, we will be playing a structural uptrend. Also, there will be a lot of volatility in this space going forward, so a closed-end fund can make use of that and pick good corporate governance stories with a medium-term objective.
Sharing his rationale for believing in a closed-ended fund, he said these funds have the capability to stay in cash during periods when markets are costly and chose to give dividends if they make profits, he said.
Over the next many years, closed-ended funds will have a role to play since most investors are no savvy and they don’t have the expertise to invest on the market low and get out on market high, he said.
He said the Bharat Consumption Fund is a multi-sectoral fund with both defensive and aggressive sectors as part of the theme and even contrarian sectors as part of the theme.
Talking about investments in general, he said we are not in that part of the cycle in the market where one can make big returns by investing in equity and we cannot invest in high-risk sectors, said Naren.
He is of the view that we are in a mature phase of the bull market barring earnings.
The house is upbeat on Balance Advantage Funds, Credit Funds, and Dynamic Funds, said Naren.



1 ratings









Comments

Author

Anonymous

Anonymous

The author preferred to stay anonymous for this post!

Stats

Published
2199 days ago
event
Page Views last 24h
0
av_timer
Total Page Views
35
assessment
Revenue
attach_money0.0278
monetization_on

Advertisement

Related Posts
Buy Greek Rug Online, Napkins with Embroidery, Greek Rug

Buy Greek Rug Online, Napkins with Embroidery, Greek Rug

Finance and Business
0 views
star_border star_border star_border star_border star_border
Atlanta Disc

Atlanta Disc

Finance and Business
12 views
star_border star_border star_border star_border star_border
The TOP 5 Reasons why your company should have a website!

The TOP 5 Reasons why your company should have a website!

Finance and Business
61 views
star_border star_border star_border star_border star_border

Advertisement

Like us on FB!

More Posts

Find Your Birthdate here?

Find Your Birthdate here?

Social Quiz
66 views
star_border star_border star_border star_border star_border
اعرف من هو افضل صديق لك؟

اعرف من هو افضل صديق لك؟

Pic
92 views
star_border star_border star_border star_border star_border
Si do te duket femija juaj!

Si do te duket femija juaj!

Pic
53 views
star_border star_border star_border star_border star_border
Janiye Apki gf apke baare me kya sochti h

Janiye Apki gf apke baare me kya sochti h

Cute
34 views
star_border star_border star_border star_border star_border
Which of your friend is getting married first?

Which of your friend is getting married first?

Pic
523 views
star star star star star_border
Treating Cervical Spondylosis with Ayurveda

Treating Cervical Spondylosis with Ayurveda

Health
9 views
star_border star_border star_border star_border star_border
convo with yur ex! :'D

convo with yur ex! :'D

Funny
67 views
star star star star star
ನಿಮ್ಮ ಪ್ರಾಣ ಸ್ನೇಹಿತ ಯಾರು ?

ನಿಮ್ಮ ಪ್ರಾಣ ಸ್ನೇಹಿತ ಯಾರು ?

Pic
54 views
star_border star_border star_border star_border star_border
Who is your future life partner

Who is your future life partner

Pic
118 views
star_border star_border star_border star_border star_border
copy movie link and search on Google......

copy movie link and search on Google......

Movies and TV
89 views
star_border star_border star_border star_border star_border
এবার IPL এর কোন Character আপনি?

এবার IPL এর কোন Character আপনি?

Pic
37 views
star_border star_border star_border star_border star_border
Untitled

Untitled

My Story
45 views
star_border star_border star_border star_border star_border

Miscellaneous
32 views
star_border star_border star_border star_border star_border
who is your real friend

who is your real friend

Social Quiz
31 views
star_border star_border star_border star_border star_border
अनुच्छेद (Article) 2

अनुच्छेद (Article) 2

How To
21 views
star_border star_border star_border star_border star_border
Random Post