Don't add into defence, infra; get into these 2 sectors instead: Sunil Subramaniam
Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the infra play has got a little stretch in valuation. It is time for consumption to pick up. Because so far, whatever consumption has picked up has been premium consumption – be it premium housing, cars with prices over Rs 7 lakh. I think the mass consumption is yet to pick up. Come election year with liquidity floating in the market, this festival season numbers will also come in. It is a delayed festival season with Diwali coming only mid-November.”
Where are your investments, apart from Sundaram Mutual Funds?
Nothing apart from Sundaram Mutual Funds. Everything is in Sundaram.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisitThey say, never put all eggs in one basket.
No, it is not one basket. We have a diversified portfolio of 24 schemes there.
How are the markets looking? It has just been a week where markets have ignored all the bad news which came on the geopolitical front.
The reason for that is global capital liquidity at about $28 trillion, it is still looking for best places to park money. We are not directly connected with this particular conflict except for maybe an impact on the price of oil. But that is something which will affect the entire world. When there is liquidity, what do they do with their money? You cannot keep it in cash. That is why it is trying to find its levels and India as usual.
Our growth rate has not been affected by any of the conflicts. Except for the global financial crisis, whether it was Covid, whether it was the Ukraine-Russia war or the latest Israel-Palestine conflict, our
