Tuesday, June 2, 2015

India stocks - Betting on financial sector out-performance

While my exposure to India is low, it’s through the India Capital Fund where I am the chairman of the fund. The Indian stock market may rise higher in 2015 but not as high as 2014 – at best a 10 per cent rise from the current levels. If the flows ease in the global market then it may even impact India and it can come off. 

Meanwhile, we are overweight on financial stocks in India. The sector looks good despite the problems faced by banks as even today a lot of people don’t have a bank account in India and, therefore, the sector has huge potential to grow.