Be cautious as Indian markets expensive; don't buy too much: Nikhil Kamath
Nikhil Kamath, Co-Founder at Zerodha,in an interaction with ET NOW said that Indian markets are expensive and hence it is time to be cautious. He advised investors to not buy too much.
Where do you forecast the fintech industry to go from here on because it has been one of the great growth drivers for the startup ecosystem?
In the long term, it likely has a lot of potential. In the very short term, the cost of capital is quite high today; so things might remain tight. But over a 10 to 20-year period, it looks good for India.
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You and your brother are somebody who has been a kind of inspiration to today's India, to the retail investor. There is a lot of retail interest in stock markets. Seeing the recent highs in the stock markets, where do you see the markets? How soon can the markets touch perhaps the 25,000 mark?
Well, markets are expensive today. India is likely one of the most expensive in the world. It is very hard for anybody to predict timelines to 25,000 but I would suggest one should be cautious when things are expensive; do not buy too much.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
