At every rise, we want to raise more and more cash: Dipan Mehta

economictimes.indiatimes.com:

Dipan Mehta, Director, Elixir Equities, says “whenever we find that the performance is not up to our expectations, then we are trimming or exiting those positions and remaining in cash and that really has been my advice amongst the minority who feel that there should be a correction in 2024, all kinds of blue sky scenario notwithstanding. These markets cannot keep on going up like this.”

UP has now become the go-to place when it comes to religious tourism. No one would have thought that this kind of a number would be there in terms of footfalls for Banaras and now for Ayodhya. Is that a theme which you are betting on?
Dipan Mehta: We are very positive on travel and tourism and I have spoken about Indian Hotels and InterGlobal aviation also and then there is, of course, our favourite, with disclosures, Mahindra Holiday, which I think has performed below its potential. So, first of all, there are very few plays in this particular investment theme, but whatever is there,, has got great long-term prospects. These are great secular trends. You can see them compounding at 15% or thereabout for the next 5-10 years or so.

Unlock Leadership Excellence with a Range of CXO Courses

In India, we always have to be very positive on the consumption trend and this is one segment of the consumption strength that can only go from strength to strength over the next few years or so. So, positive on the investment theme. But as I said, there are very few ideas that one can actually invest in. At the same time, these are fairly valued at this point