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India a great bottom-up story; like auto, infra: Axis MF

Chandresh Kumar Nigam, MD and CEO of Axis Mutual Fund says investors are expecting the finance minister to continue with investments needed for economic growth, make announcements on how to get investments back on track and build business confidence.

The India story continues to be strong despite the recent dip in the market, says Chandresh Kumar Nigam, MD and CEO of Axis Mutual Fund. The market has been rallying for more than a year and with it comes the usual ups and downs, he says.

According to him, investors are expecting the finance minister to continue with investments needed for growth of the economy, make announcements on how to get investments back on track and build business confidence. If he manages to deliver on all those fronts, the long-term rally in the market will continue, he adds.

Another thing that is aiding India at the moment is the fact that globally, there aren’t many places to invest, says Nigam.

From a sectoral perspective, India has been a great bottom-up story, he says. As the economy revives, high beta stories, economy-sensitive stocks and sectors will do better. He likes the auto sector, infrastructure, consumer discretionary and capital infrastructure with a 12-18 months horizon.

Stay tuned for more…

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