Aveek Mitra, Aveksat Financial Advisory, says they have taken out some money and not invested fresh money and are nibbling into areas where they are investing at present based on the sectors that have gone down over the last two-three years. They have also built up most likely scenarios and most unlikely scenarios and based on that will see what best they can do with the cash after the 4th June result.
A quick view on the construct of the market because the election is a very big event and if it does not pan out the way the market expects it to, then you will get even juicier bargains. But if it does, what happens then? How are you analysing the overall construct right now?
Aveek Mitra: Last year, we generated excellent returns till March 2024. So, we are a bit cautious and we have not put in new money for the last one or two months except bits and pieces here and there and raised the cash a little bit. We are just waiting for that day to pass because that is an uncontrollable, unknowable event for an investor. So, it is like hedging a portfolio.
We have taken out some money and not invested fresh money into it and nibbling into areas which have gone down over the last two-three years. We have also built up different scenarios with most likeliest scenarios to the not likeliest scenario and based on that we will immediately try to see that what best we can do with the cash after the 4th June result.