Keep bhav (price) & bhav (emotion) in check; we could be in for a decade of very strong growth: Manish Chokhani
Manish Chokhani, Director, Enam Holdings, says “in a bull market, if you try to change horses midway, like last year, when a lot of banks did not do well, many thought why don’t I jump to real estate? Next year, I will try tactically to jump from real estate to auto. If you do that, you will miss out by not being invested. If you miss the best 15-20 days of a market in a year, you have basically given away your returns. So, whatever you like and you understand, the market does not owe money to anyone.”
Chokahni also says: «If I put FDI, FPI and equities and debt inflows together, the country is slated to be getting in excess of a hundred billion dollars starting post election.»
Our theme this year is Yeh Diwali Muskaan Wali (A smiling Diwali). You already have that muskaan (smile) but what is bringing about that muskaan?
I was remembering RRR, so thankfully that is not coming back.
We have got a better googly for you this time. But yes much like RRR, the way it shot up all the way to the Oscars like Indian equity markets despite all odds?
Well a lot of things to feel bullish about.
The underlying economy is of course doing very well as I have seen in the last 30-40 years and the trajectory certainly seems set, the mood is certainly buoyant and that is reflected in the prices. But reality is if I look ahead a year later post election and from the external perspective of the world looking into India, our MSCI weightage is going to probably double, we are going to get all the bond fund inflows, not just JPMorgan but Barclays and Bloomberg and all the others will follow as well and every single boardroom in the world is clear about the fact that they are not putting more money in China and India is the centrepiece of FDI
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