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Eye pre-Budget rally in Jan; bullish on auto: Pramerica MF

In an interview to CNBC-TV18, BP Singh of Pramerica Mutual Fund, says he expects companies’ capital expenditure cycle to start in 2-3 quarters and also expects to see a pre-Budget rally in January.

BP Singh of Pramerica Mutual Fund expects foreign institutional inverstors’ interest to rise in the Indian market in the upcoming days.

In an interview to CNBC-TV18, Singh says he expects companies’ capital expenditure cycle to start in 2-3 quarters and also expects to see a pre-Budget rally in January.

Also read: Sebi mulls fresh checks on mis-selling of mutual funds
 
Furthermore, Singh expects companies’ to see a 215 basis points margin expansion on the back of the steep fall seen in crude prices.

Transcript to follow soon.

Q A debt fund targets:

  • Low risk, stable income
  • Protection of principal
  • High growth with risk
  • Capital appreciation

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