Quant MF’s Sandeep Tandon says this is India’s biggest buying opportunity since covid

Subscribe to enjoy similar stories.Quant Mutual Fund believes this year is about identifying undervalued and under-researched segments of the market while avoiding overcrowded trades.In the Mint Money Guru series, Quant Mutual Fund founder and chief investment officer Sandeep Tandon explains why he believes this is the biggest buying opportunity since the covid pandemic.It's largely a behaviour call coming from some analytics that we have built. The element of fear is very high. People are worried about crude prices, the rupee and the exit of foreign institutional investors (FIIs).

Plus, India has underperformed for several quarters. If I look at the culmination of that, we have reached an inflection point endorsing that the worst is behind us, but the best is yet to begin.We believe crude spot prices have peaked out, which means they have the potential to correct and consolidate now. Maybe by the end of the year, you will see a similar price to what we saw in February.

That itself is a very big call. Everyone can do a post-mortem analysis but you can only take advantage if you can predict something right.April was beyond our own expectations. When sensible people capitulate, that is the time it bottoms out.

Today, Taiwan and Korea are doing very well, no doubt about it, but if I was not able to build my position earlier, I will avoid it during the euphoric phase.Everybody has their own perspective. My only point is that we are not seeing capitulation at this point in time. People say the rupee is hitting a new low against the dollar, I say this is the most it can fall.