Investors can look to bet on rural consumption and housing theme: Sunil Subramaniam

economictimes.indiatimes.com:

«No, we opted for slight shift, sector rotation into the consumption and like you mentioned the broader lower, the rural consumption. See, one of the things with coalitions is that you will definitely expect a little bit of more revenue expenditure to go down the thing,» says Sunil Subramaniam, MD & CEO, Sundaram Mutual.

What is it that you have done in the last week? Were you a seller in Tuesday's weakness and then a buyer thereof or were you buying on Tuesday when everyone was in panic mode?
Yes, we were continuous buyers. Because the panic was essentially a concern driven around the coalition dharma and how that would affect allocations the government to capex and all of those kind of worries, whether the government would indeed be strong, would the two main support partners of the NDA drift away or not.

So, I think these are all things which distract. And so for us any such corrections were buying opportunities. So not at all an issue. We have been continuous buyers through this process.

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Did you buy more of the same or there was a bit of a different theme this time around when you were going out to buy because I am trying to understand, have you started perhaps looking at broadening your horizon into a lot of rural plays, staples, etc, as well or you are continuing