Fund Manager Talk | Don't make lumpsum investment in this phase of bull market: Naveen KR
Naveen KR, smallcase Manager, Senior Director, Windmill Capital.
He also warns that over indexing in one section of the market might lead to erosion of capital. Edited excerpts:
How are you approaching the market ahead of the Budget? Do you think the bias towards capex, infra and PSU related themes will remain intact after July 23?
The markets are expected to remain buoyant before the Budget. Yes, we feel that the government will maintain and continue its focus on capex, infrastructure and other PSU related themes, as these initiatives have yielded good results for the Indian economy. If at all anything, the focus towards these themes should only increase to uphold the strong GDP growth.
Overall, what are your expectations from this year's Budget as an investor?
The key expectations from this year’s Budget is policy continuity. As we witnessed in the previous two budgets, our expectations are that the government will continue to focus on key sectors like rural, infrastructure, roads & railways, smart urban planning and the likes. The best part about a government continuing its ruling tenure is that it is able to carry and maintain its previously announced policies and at the same time come up with new measures to achieve holistic economic growth.
What can be the best and the worst case scenario for investors in the Budget?
The best case scenario for investors in this Budget would be a strong focus not only on erstwhile sectors aforementioned, but also towards sunrise sectors like green energy, electric mobility,
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