IT sector has a good long term matrix: Vinit Sambre
«See, the cautiousness is about the economic recovery or the growth which I also mentioned that we are very confident about that,» says Vinit Sambre, DSP Mutual Fund.
There is a Goldman Sachs report yesterday which talks about cash levels with mutual funds on an average of between 4 to 5%. And that is slightly higher than historical averages. So can I safely say that even if markets they correct, then is enough and more cushioned which will come from domestic investors A, cash levels are high, B, SIPs are strong?
Yes, so that is what I was saying that the small falls will be actually bought into because there is a lot of optimism.
And hence, we do not see a big drawdown as far as the markets are concerned unless there are bigger events to worry about. So I think you are right, especially in even the small and midcap categories, the valuations are expensive we are cautious but the cash levels and the cash flow into these categories also in a way indicates that the falls, the drawdowns may not be very severe and small falls will be actually bought into as I see the scenario as of now.
The cautious stance on the capital goods sector, given the fact that we have a lot of market experts and corporates themselves as well that are betting on a strong manufacturing renaissance in India, we are seeing evidence of things picking up on ground as well. So what prompts that cautious stance?
See, the cautiousness is about the economic recovery or the growth which I also mentioned that we are very confident about that.
