‘Many small steps by government over last few years structurally setting the reason to invest in India’: Kalpen Parekh | Business News,The Indian Express
The MD & CEO of DSP Mutual Fund added that investors should not worry about the current events as none of this would matter in the long-term.
Tuesday, Sep 13, 2022
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‘Many small steps by government over last few years structurally setting the reason to invest in India’: Kalpen Parekh
The MD & CEO of DSP Mutual Fund added that investors should not worry about the current events as none of this would matter in the long-term.
Written by Sandeep Singh
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Updated: September 12, 2022 5:01:38 am
Kalpen Parekh, MD & CEO, DSP Mutual Fund (File)Over the last couple of months investors have been caught between news flows that have kept the market volatile. Kalpen Parekh, MD & CEO, DSP Mutual Fund told Sandeep Singh that while investors wait for clarity to emerge, the quick response from Indian policymakers to negative events, over the last 5-7 years, has not only provided structural tailwind to the economy but has also given confidence to both domestic and global investors. He added that investors should not worry about the current events as none of this would matter in the long-term. Edited Excerpts:
Currently, the market is witnessing both positive and negative pulls. Where does the balance lie and where are we headed?
There are both pros and cons. On the one side, there are data points that make me anxious, such as world growth slowing down, liquidity coming down because of Fed rate hike and the low cost of capital that supported higher equity valuations has started rising.
On the other hand we know that the government, over the last 5-7 years, has done a lot of things in terms of giving structural tailwind to the economy.
So, while we may go through cycles where the economy and markets boom and then slow down, these cycles have been crunched, because for every negative event, the response from our policymakers has been very quick. Even during Covid when there were concerns, there were quick measures by the RBI and the government and so, as a country, we are bouncing back much faster for all the temporary cyclical problems that we face. That gives inherent confidence that eventually things are only going to improve.
Rating: 5