Nivesh Ke Funda with Anil Singhvi: Expect reasonable returns from market over next 3-5 years: Prashant Jain, ED & CIO, HDFC AMC

Executive Director (ED) and Chief Information Officer (CIO) of HDFC Asset Management Company Prashant Jain said that he expected markets to give reasonable returns over the next 3-5 years. He also opines that the existing valuations in markets are not cheap. He said the Russia-Ukraine crisis will not have much impact on the oil supply.

He also said that equities have strong potential. 

He said so while speaking with Zee Business Managing Editor and Markey Guru Anil Singhvi in a popular Tv show 'Nivesh Ke Funde' where he expressed his view on the market and said there has been a lot of corrections in the banking sector in the last few months.

Talking about the market, Jain said the market remains volatile in the short term, a correction of 8-10% was seen in the last 6 months and the GDP of the rupee also increased by 6-8% in these 6 months which is a good correction. So a part of the investment that has to be done in the next 3-6 months can be invested here, Executive Director suggested.

The inflation that has increased, is a pass-through for those who invest in equities, said Chief Information Officer. He said the more the inflation increases, the more the sales of the companies will increase.

'In my experience of 30 years, this happened for the first time that so much selling of FIIs was seen but there was not much effect in the market,' said Jain. He also said the Russia-Ukraine war will not make more effect on the Indian market as well as on oil supply.

The ED further advised the investors to invest in the banking sector as the good correction has been seen in the banking sector. Its values ​​are also very reasonable.

Taking about maintaining the balance between fixed income and equity, Jain advised dividing income into two-part - risk capital and safe capital. The risk capital can be used to invest in equity as we can tolerate volatility in it whereas safe capital can be used as fixed income. Its decision depends on the investor. He also suggested not to invest in debt capital (long-duration funds) for now because interest rates are likely to rise.

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#NiveshKaFunda

अगले 3-5 साल के लिए बाजार से रिजनेबल रिटर्न मिलने का अनुमान, रुस - यूक्रेन संकट का ऑयल सप्लाई पर ज्यादा असर नहीं होगा : प्रशांत जैन, ED & CIO, HDFC AMC#ZeeBusiness LIVEhttps://t.co/3ILYCxbcDT@hdfcmf | @AnilSinghvi_ pic.twitter.com/j1j5AmOs2z

— Zee Business (@ZeeBusiness) March 11, 2022