ETMarkets Smart Talk: What is pushing the dollar index higher? Arpit Shah explains
“Struggling Chinese economy and rising crude oil price pushed the dollar index. Elevated crude oil prices along with slower export may keep the rupee at a subdued level,” says Arpit Shah, Co-Founder, Care Portfolio Managers Pvt Ltd.
In an interview with ETMarkets, Shah who brings in more than 15 years of experience in the capital markets said, “We advise investors to be company specific, and when you see sharp movement in the price it is advisable to keep rebalancing portfolio.” Edited excerpts:
How should one play the midcap and smallcap theme now?
Small and midcaps were in the consolidation phase for almost 18 months i.e. from September 21 till March 23. However, during those times, companies' fundamentals improved while valuations remained either flat or lower. So, we believe there is more steam left in this set of companies.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitDirect participation coupled with retail inflow into mutual funds' small and midcap schemes through SIP is pushing the rally.
For ex. since January 2023 — of the total inflow of Rs 90,000 crore into equity funds, around Rs 40,000 crore have come into small and midcap strategies.
However, at Care PMS, it is always company company-specific fundamental approach, and that has always helped us to outperform the market in the longer term.
The same thing we advise to clients, be company-specific, and when you see sharp movement in the price it is advisable to keep rebalancing the portfolio.
Delhi recently concluded the G20 meeting – what is your view and are
