In chat with Anil Singhvi, Quant MF CEO Sandeep Tandon talks about Budget 2021 expectations, market outlook

In chat with Zee Business Managing Editor Anil Singhvi, Sandeep Tandon, Chief Executive Officer (CEO) of Quant Mutual Fund talked about his expectations from the Budget 2021 and the outlook of the markets. Tandon who also doubles up as the Chief Information Officer (CIO) of the company is a veteran of 30 years and has expertise in fundamentals, cashflow valuations and derivatives, among other things.  

Budget 2021 Expectations – The CEO said that the Government’s budget is stretched amid the pandemic and it has limitations. The market has already corrected before the Budget 2021 announcements on 1 February so there are very low expectations, he said.

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The focus could however be on economy and building further infrastructure for the government in this budget, he said. 

On Market Outlook – The risk appetite in March 2020 was at a 30-40 year low, including in India. It has increased since then along with the liquidity, he added. But the extraordinary drive of liquidity has declined now. The risk appetite is also drifting now.  

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इस साल की दूसरी छमाही में बाजार में अच्छी तेजी का अनुमान... मार्केट मांगे मोर में क्वांट म्युचुअल फंड के संदीप टंडन ने बजट में रोड और इंफ्रा पर खास फोकस की जताई उम्मीद#BudgetOnZee @AnilSinghvi_ @quantmutual pic.twitter.com/QeHfjnN94Q

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There is a situation of risk of environment now that will bring more volatility in the markets, going forward. There is lot of concern in US markets and not so much in Indian markets. But any impact on US markets has a global spill over impact. There is a scope of further correction, he further said cautioning the investors.