1. Mark Mobius (@MarkMobiusReal)

“India still is the biggest in our portfolios now, that was helped of course by the big surge that we have seen recently. It was among the top three even last year, but this year we are seeing India at the top of our portfolio.”

“We have been concentrating on the small and midcap which has been very lucky for us because of the recent orders. But we are focused on companies that has no debt or very little debt and companies that still are able to grow earnings that is really the key. At the end of the day you got to stick with companies that are going to be able to expand any downturns, any problems that you see in the economy. They will be the survivors and they will be the ones that will acquire the confidence and gain market share.”



2. Chris Wood (Jefferies and author of Greed & Fear Newsletter)

Investors would be better off buying cyclical stocks whenever the market corrects for two reasons.

Firstly, the world is nearer to the end of the Covid-19 pandemic now as opposed to a few months ago, in line with Farr’s law, which says that once peak infection is reached, then it will roughly follow the same symmetrical pattern on the downward slope – a bell curve.

Secondly, the fears of any renewed downturn, as have begun to get reflected in the risk-off market sentiment in the recent days, will lead to further monetary and fiscal stimulus. This, in turn, should keep the liquidity tap flowing and support markets.


3. Sunil Singhania (@SunilBSinghania – ABAKKUS)

BAAP (Buy At Any Price) and any PE works till……SAAP (Sell At Any Price) by the Principal Shareholders comes and bites. Be alert lest you get “short” changed !


4. Navneet Munot (CIO SBI Mutual Fund)

Following six factors will decide the market direction now:
a. Possible spike in Inflation
b. No policy support from Government
c. Uncertainty over US Election results
d. Supply Chain disruptions
e. Steepening Yield curve
f. Savings may flow out of Equity


5. Anand Radhakrishnan (CIO Franklin Templeton – @Anand_1969) 


I have one word of caution to most of the new people entering markets — they cannot be called investors as many of them are traders. The retail percentage of volume in the lockdown period has gone up dramatically, suggesting that on a day-to-day basis, many of them are trading and not looking at it from an investment point of view.


6. Vetri Subramaniam (Head Equity Funds at UTI Asset Management)

Despite the cyclicality of flows, the fact remains that financial savings in India are growing even as money is moving out of physical assets. And given that mutual fund assets are much smaller than bank deposits there is room for growth. Yes, over time it has become more challenging managing active money. But if you look at the longer term track record of our large cap funds, the strategy has delivered pretty strong returns relative to benchmarks over long time periods.


7. Ravi Gopalkrishnan (Principal Asset Management)

Government of India’s new “Production Linked Incentive” (PLI) scheme currently rolled out for electronics manufacturers, will see more sectors coming into its ambit going forward. It’s the right strategy at the right time.


8. Amandeep Chopra (Head – Fixed Income – UTI Asset Management)

Credit risk as an investment theme will not be prudent in the near term until and unless the economy goes back to a strong growth path. India has gone through a very deep credit cycle. And the credit cycle that began in September 2018 post IL&FS is unlikely to end very soon because of the pandemic’s adverse impact on the broader economy.


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