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Economic Times
19 hours ago
- Business
- Economic Times
ETMarkets Smart Talk: Focus on bottom-up stock picking - financials, defence, pharma, and specialty chemicals look attractive, says Paras Bothra
Welcome to ETMarkets Smart Talk, where we bring you insights straight from the minds of India's top market experts. In this episode, we're joined by Paras Bothra, CIO – AIF at Ashika Investment Manager Pvt Ltd, who shares his perspective on the market's current landscape and what lies ahead in the second half of geopolitical tensions driving short-term volatility and liquidity dynamics shifting due to QIPs and block deals, Paras emphasizes a bottom-up approach to stock highlights sectors such as financials, defence, pharmaceuticals, and specialty chemicals as particularly attractive in the current environment, backed by strong fundamentals and structural crude oil concerns to global interest rate trends, and from sectoral plays to long-term asset allocation strategies — we cover it all in this insightful conversation. Tune in to hear where opportunities lie and how investors can navigate the months ahead with discipline and clarity. Edited Excerpts – ADVERTISEMENT Q) We closed May on a high note but witnessed some volatility in June – is it geopolitical concerns weighing on sentiment?A) Yes, the volatility we are seeing is because of the geopolitical tensions emerging in the middle east and crude spiking up creating jitters in the markets. Q) As we are about to end 1H2025, what are your expectations or assumptions for the rest of the year? A) The rest of the year will see the surge in supply of papers in the primary market and the plethora of QIP and promoter block deals absorbing liquidity and capping market on the other hand there will be buoyancy in the market based on improved fundamentals because of interest rate cuts and ample supply of liquidity, normal monsoon boosting the economy and more specifically consumption. Q) Are there any new or existing themes that are likely to do well in 2H2025? ADVERTISEMENT A) Discretionary consumption is a theme which might gain momentum with lower interest rate and festive heavy second like clean water, convenience services, airlines, govt policy supportive industries, digital advertising, hotels, tours & travels, selective industrial products & services, cooling products, financialization of savings, hospitals etc., seem to be riding on structural tailwinds and opportunities can be tapped in these segments when the market turns volatile and the valuation starts looking compelling. ADVERTISEMENT Q) Geopolitical concerns weighed on crude oil in the past few weeks. How do you see crude oil moving in the near future and what could be the possible impact on earnings and GDP growth?A) Crude oil movement in the near future is more to do with war in the middle-east. But it may be short lived till the time tension between Israel and Iran is long the skirmish continues is a fluid situation to predict. But any sign of restoration of normalcy will see supplies easing and crude oil prices coming down. ADVERTISEMENT Crude oil price spike has an impact on Indian GDP and current account balance, but the dependency has reduced a lot with the passage of time and with the adoption in alternate sources of energy. Q) In terms of valuation comfort – which sectors are on your radar? A) We are looking at companies more from bottoms-up and sectors like financials/NBFCs, capitals goods, pharma, discretionary consumption, defence, tours & travels, hospitality, hospitals, manufacturing/electronics, speciality chemicals are few sectors which look good. ADVERTISEMENT Q) How are FIIs looking at India amid falling interest rates globally?A) FII's will certainly look at India positively given what is happening in the developed market. Increasingly the emerging market is becoming attractive with rising/elevated bond yields in the US and given other macro headwinds in developed markets. Though we are yet to see a surge in India dedicated foreign funds. Q) If someone plans to allocate say Rs 10 lakh (30-40 years) in 2H2025 – should they put fresh money to work? What is the ideal asset allocation? A) If anybody has a 30-40 years horizon of asset allocation, I think rather than timing the market, it is the discipline of uninterrupted SIP which will work wonders in compounding wealth. Equity as an asset class can be seriously looked at, because for such a long horizon, it will be for the younger generation in their twenties and having a risk appetite to digest volatility. Q) How is the rate trajectory looking from the RBI? Do you think the front-loaded 50 bps cut was enough to boost consumption? A) Yes, it seems rate cut is frontloaded and with the boost in liquidity it will support consumption. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Crude, monsoon hold the key to market direction in H2 2025: Bay Capital's Nikunj Doshi
As Indian equities navigate through global volatility and domestic shifts, Nikunj Doshi, Managing Partner and CIO-PMS at Bay Capital Investment Advisors, shares his insights on what lies ahead for investors in the second half of 2025. In an exclusive conversation with ETMarkets Smart Talk, Doshi highlights how two key domestic variables—crude oil prices and the progress of the monsoon—will be pivotal in shaping market sentiment and corporate earnings . He also sheds light on emerging sectoral opportunities, the evolving role of India in global portfolios, and why patient investors should stay focused despite short-term noise. Edited Excerpts – Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Q) Thanks for taking the time out. While May closed on a strong note, June saw some volatility — from a long-term perspective, do you see geopolitical concerns having a sustained impact on market sentiment? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo A) Geopolitical concerns do carry an economic impact — particularly in terms of supply chain disruptions, commodity price fluctuations, and global risk-off sentiment. However, whether these concerns will leave a lasting impact on investor sentiment depends on the scale, duration, and economic implications of the event. Historically, we've seen that events like the Gulf War, the Southeast Asian crisis, 9/11, the Global Financial Crisis, or even the Covid-19 pandemic have triggered sharp short-term corrections, but they eventually opened up some of the best investment opportunities for long-term investors. Live Events Volatility caused by such crises often creates value dislocations in quality businesses, which can be capitalised on with a patient, long-term view. Q) As we are about to end 1H2025, what are your expectations or assumptions for the rest of the year? A) Looking ahead to H2 2025, the outlook for Indian equities will hinge primarily on two domestic variables — crude oil prices and the progress of the monsoon. These factors have a direct bearing on inflation, rural consumption, and macroeconomic stability. If crude remains within manageable levels and we have a normal monsoon, then business sentiment should stay robust. In that scenario, we foresee an improvement in demand conditions, further margin stabilisation, and consequently, an upward revision in corporate earnings for FY27. That would likely lend strong support to equity markets over the medium term. Q) Are there any new or existing themes that are likely to do well in 2H2025? A) Besides defence (which we don't invest) we see opportunities in consumption, digital first businesses and financial services sectors. Q) Geopolitical concerns weighed on crude oil in the past few weeks. How do you see crude oil moving in the near future and what could be the possible impact on earnings and GDP growth? A) Crude oil remains a critical macro variable for India due to our import dependency. A $10 increase per barrel typically raises the current account deficit (CAD) by 0.3% of GDP. That said, India's current external position is relatively comfortable, and any spike in crude may not derail the macro outlook unless it's prolonged or very steep. If ongoing tariff negotiations with the US conclude smoothly, and global trade channels remain functional, the economy should be able to absorb moderate crude increases without significant pressure on earnings or GDP growth. Q) In terms of valuation comfort – which sectors are on your radar? A) As mentioned earlier we see opportunities in consumption, digital first businesses and financial services sectors. Our focus is on business leadership, large TAM and corporate governance besides the financial parameters. While overall market valuations do look high, but there are many stocks available at attractive valuations if one looks bottom up. Q) How are FIIs looking at India amid falling interest rates globally? A) We see India becoming core portfolio allocation for global funds rather than being clubbed with other emerging markets. India is now the fourth largest economy with much better growth outlook, we this happening sooner than later. With India now being the fourth-largest economy and delivering consistent growth, the country stands out for its macro stability, reform momentum, and consumption-led growth model. Q) If someone plans to allocate say Rs 10 lakh (30-40 years) in 2H2025 – should they put fresh money to work? What is the ideal asset allocation? A) Asset allocation call depends on individual priorities. For first-time investors, we recommend starting with mutual funds — either via SIPs or STPs — to average out volatility. Diversification across asset classes like equity, debt, and gold is also advisable depending on one's financial milestones and income stability. Q) How is the rate trajectory looking from the RBI? Do you think the front-loaded 50 bps cut was enough to boost consumption? A) The RBI's decision to front-load a 50 basis points cut, along with efforts to infuse liquidity, was a prudent move given the evolving global and domestic macro backdrop. Alongside the tax reliefs announced in the previous Union Budget and a cooling inflation trajectory, these policy measures should help improve household sentiment and consumption demand in the near term. The RBI will likely now adopt a wait-and-watch approach to assess how businesses and consumers respond to these monetary and fiscal measures before making further rate decisions.
Economic Times
3 days ago
- Business
- Economic Times
ETMarkets Smart Talk: SBI Securities cautions against value traps; growth visibility key to attracting premium valuations
In this edition of ETMarkets Smart Talk, we speak with Sunny Agrawal, Head of Fundamental Research at SBI Securities Ltd, who shares his insights on market dynamics heading into the second half of 2025. ADVERTISEMENT While valuation comfort exists in sectors like banks, pharma, IT, and infrastructure, Agrawal urges investors to be cautious of value traps. According to him, growth visibility remains the key driver for premium valuations in the current market environment. He also outlines key themes, sectoral opportunities, and the outlook on crude oil, FII flows, and monetary policy, offering a comprehensive roadmap for long-term investors. Edited Excerpts – Q) Thanks for taking the time out. We closed May on a high not but witnessed some volatility in June – is it geopolitical concerns weighing on sentiment? A) With the ceasefire between Israel-Iran in the wee hours of 24th Jun'25, situation is looking much better from equity market perspective. Crude oil prices have cooled off and fear of disruption in sea-route logistics has ebbed for the time being. ADVERTISEMENT Nonetheless, the geopolitical tension on Ukraine-Russia is ongoing, however, markets have priced-in the impact of the same, long are hopeful that there will be calm on the geopolitical front and focus of street will shift back to a) US trade deals for which 9th July 2025 deadline is close by and b) incoming macro data (jobs, inflation, consumer sentiment, housing etc.) which will be the key deciding factor for likely rate cut in the ensuing US Fed meet in the month of July. ADVERTISEMENT Q) As we are about to end 1H2025, what are your expectations or assumptions for the rest of the year?A) 1HFY25 has witnessed significant volatility and equity markets have traded with negative bias for majority of the time in the backdrop of (a) uncertain business environment due to reciprocal tariffs implemented by US President Trump coupled with frequent flip-flops in terms of the trade deals, (b) muted earnings season on domestic front for Mar'25 ending qtr and (c) flare up in geo-political tension in various parts of the world, including forward, for 2HFY25, we are constructive on the equity markets and are advocating 'Buy on dips' bottom-up strategy to our clients with medium to long term investment horizon. ADVERTISEMENT This optimism stems on the back of following factors (a) 100 bps cut in repo rate to 5.5% coupled with 100 bps cut in CRR to 3% in 4 tranches beginning Sep'25 and pursuant liquidity infusion of Rs 2.5 trillion in the banking system, (b) booster in the form of tax cut in the last Union Budget, (c) relaxation in norms by RBI for NBFC's – All the 3 factors are likely to boost consumption over next 3-6 months with festive season kicking off from the month of Aug'25 (d) likely acceleration in the pace of corporate earnings growth to 2-digit growth beginning 2QFY26, (e ) revival in government & private sector capex amid the uncertain business environment, (f) progress on bilateral trade deals between US and other economies and its pursuant impact on the global economic growth, etc. Q) Are there any new or existing themes that are likely to do well in 2H2025?A) We expect select companies from the following themes to do well in 2HFY25: (a) rate sensitive sectors like NBFC, Auto OEMs (2W, Tractors), Auto Anc. (premiumisation, power train agnostic play, shift in portfolio towards EV, bearing, tyres, regulatory driven changes like compulsion of AC in CV cabin etc), real estate, bank (NIMs likely to come under pressure in 1QFY26 with significant improvement in exit FY26), real estate (b) structural steel tubes, (c) recycling, (d) railway wagons, (e ) power and power ancillary, (f) capital market (Wealth managers, AMCs, Brokers), (g) PEB, (h) workspace solution providers, (i) Hotels & Airline, (j) Hospitals, (k) Defence (have run-up significantly off late, long term bullish) etc. Commodities like metals and mining sector can be the dark horse, if outlook on the global growth changes significantly. ADVERTISEMENT Q) Geopolitical concerns weighed on crude oil in the past few weeks. How do you see crude oil moving in the near future and what could be the possible impact on earnings and GDP growth?A) Although we are not an expert on forecasting the crude oil price, as per various reports, crude oil supply is likely to outpace growth in the near term. In addition, non-OPEC+ producers are expected to increase the coupled with increase adoption of alternate fuel vehicles, will put further pressure on the crude oil prices. The recent development of Oman likely to put income tax from 2028 on its top 1% of earners, hints that even gulf countries are reducing dependence on the crude oil may be short term volatility in the crude oil prices due to geo political tension in middle east but overall data suggests that crude oil prices are likely to remain benign in the the domestic front, benign crude oil & its derivatives prices will keep inflation in check and is likely to give leeway to many sectors such as FMCG, airlines, tyres, lubricants, OMCs, etc. to expand margins and/or push volumes. Q) In terms of valuation comfort – which sectors are on your radar? A) Sectors such as Banks, Airline service providers, Insurance, Pharma, IT, Metals/Mining, Oil & Gas, Infra, Utilities, etc. are trading at reasonable note, comfortable valuations should be construed as a buy signal, as Street is focused on bottom-up growth stories and is willing to pay relatively better valuations for the which are likely to deliver sustainable 20-25% CAGR will continue to attract premium valuation. Cheaper valuation can be a value trap. Having said that, our domestic equity market is trading at a significant premium to MSCI EM index. Q) How are FIIs looking at India amid falling interest rates globally? A) Yes, agree with your assessment of falling interest rates globally underpinned by benign inflation such a scenario of falling interest rate and weaker dollar, we believe, global liquidity is bound to chase growth assets like emerging markets equities and India is likely to be one of the key beneficiaries of the same (both through long only India dedicated fund as well EMs dedicated fund).Overall, with FII shareholding at decadal low in India, in the back of likely improvement in the global business environment, risk-on trade is likely to be back on table and domestic equity market has strong potential to attract FII flows. Q) If someone plans to allocate say Rs 10 lakh (30-40 years) in 2H2025 – should they put fresh money to work? What is the ideal asset allocation? A) Preferred asset allocation for youngster for 2HFY25 can be 20:80 Debt : Equity. For new equity market participants, flexicap MF is the best way to start the ones are recommended to curate well-diversified portfolio of 15 stocks across large (60%), mid (25%) and smallcap (15%). Q) How is the rate trajectory looking from the RBI? Do you think the front-loaded 50 bps cut was enough to boost consumption? A) During the last MPC policy meet, RBI changed its stance from accommodative to neutral. We expect long pause in terms of rate cuts. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
ETMarkets Smart Talk: SBI Securities cautions against value traps; growth visibility key to attracting premium valuations
In this edition of ETMarkets Smart Talk, we speak with Sunny Agrawal, Head of Fundamental Research at SBI Securities Ltd, who shares his insights on market dynamics heading into the second half of 2025. While valuation comfort exists in sectors like banks, pharma, IT, and infrastructure, Agrawal urges investors to be cautious of value traps. According to him, growth visibility remains the key driver for premium valuations in the current market environment. He also outlines key themes, sectoral opportunities, and the outlook on crude oil, FII flows, and monetary policy, offering a comprehensive roadmap for long-term investors. Edited Excerpts – Q) Thanks for taking the time out. We closed May on a high not but witnessed some volatility in June – is it geopolitical concerns weighing on sentiment? A) With the ceasefire between Israel-Iran in the wee hours of 24th Jun'25, situation is looking much better from equity market perspective. Crude oil prices have cooled off and fear of disruption in sea-route logistics has ebbed for the time being. Nonetheless, the geopolitical tension on Ukraine-Russia is ongoing, however, markets have priced-in the impact of the same, long back. We are hopeful that there will be calm on the geopolitical front and focus of street will shift back to a) US trade deals for which 9th July 2025 deadline is close by and b) incoming macro data (jobs, inflation, consumer sentiment, housing etc.) which will be the key deciding factor for likely rate cut in the ensuing US Fed meet in the month of July. Q) As we are about to end 1H2025, what are your expectations or assumptions for the rest of the year? A) 1HFY25 has witnessed significant volatility and equity markets have traded with negative bias for majority of the time in the backdrop of (a) uncertain business environment due to reciprocal tariffs implemented by US President Trump coupled with frequent flip-flops in terms of the trade deals, (b) muted earnings season on domestic front for Mar'25 ending qtr and (c) flare up in geo-political tension in various parts of the world, including India-Pakistan. Going forward, for 2HFY25, we are constructive on the equity markets and are advocating 'Buy on dips' bottom-up strategy to our clients with medium to long term investment horizon. This optimism stems on the back of following factors (a) 100 bps cut in repo rate to 5.5% coupled with 100 bps cut in CRR to 3% in 4 tranches beginning Sep'25 and pursuant liquidity infusion of Rs 2.5 trillion in the banking system, (b) booster in the form of tax cut in the last Union Budget , (c) relaxation in norms by RBI for NBFC's – All the 3 factors are likely to boost consumption over next 3-6 months with festive season kicking off from the month of Aug'25 (d) likely acceleration in the pace of corporate earnings growth to 2-digit growth beginning 2QFY26, (e ) revival in government & private sector capex amid the uncertain business environment, (f) progress on bilateral trade deals between US and other economies and its pursuant impact on the global economic growth, etc. Q) Are there any new or existing themes that are likely to do well in 2H2025? A) We expect select companies from the following themes to do well in 2HFY25: (a) rate sensitive sectors like NBFC, Auto OEMs (2W, Tractors), Auto Anc. (premiumisation, power train agnostic play, shift in portfolio towards EV, bearing, tyres, regulatory driven changes like compulsion of AC in CV cabin etc), real estate, bank (NIMs likely to come under pressure in 1QFY26 with significant improvement in exit FY26), real estate (b) structural steel tubes, (c) recycling, (d) railway wagons, (e ) power and power ancillary, (f) capital market (Wealth managers, AMCs, Brokers), (g) PEB, (h) workspace solution providers, (i) Hotels & Airline, (j) Hospitals, (k) Defence (have run-up significantly off late, long term bullish) etc. Commodities like metals and mining sector can be the dark horse, if outlook on the global growth changes significantly. Q) Geopolitical concerns weighed on crude oil in the past few weeks. How do you see crude oil moving in the near future and what could be the possible impact on earnings and GDP growth? A) Although we are not an expert on forecasting the crude oil price, as per various reports, crude oil supply is likely to outpace growth in the near term. In addition, non-OPEC+ producers are expected to increase the supply. This coupled with increase adoption of alternate fuel vehicles, will put further pressure on the crude oil prices. The recent development of Oman likely to put income tax from 2028 on its top 1% of earners, hints that even gulf countries are reducing dependence on the crude oil revenue. There may be short term volatility in the crude oil prices due to geo political tension in middle east but overall data suggests that crude oil prices are likely to remain benign in the medium-term. On the domestic front, benign crude oil & its derivatives prices will keep inflation in check and is likely to give leeway to many sectors such as FMCG, airlines, tyres, lubricants, OMCs, etc. to expand margins and/or push volumes. Q) In terms of valuation comfort – which sectors are on your radar? A) Sectors such as Banks, Airline service providers, Insurance, Pharma, IT, Metals/Mining, Oil & Gas, Infra , Utilities , etc. are trading at reasonable valuations. Kindly note, comfortable valuations should be construed as a buy signal, as Street is focused on bottom-up growth stories and is willing to pay relatively better valuations for the growth. Sectors/companies which are likely to deliver sustainable 20-25% CAGR will continue to attract premium valuation. Cheaper valuation can be a value trap. Having said that, our domestic equity market is trading at a significant premium to MSCI EM index. Q) How are FIIs looking at India amid falling interest rates globally? A) Yes, agree with your assessment of falling interest rates globally underpinned by benign inflation outlook. In such a scenario of falling interest rate and weaker dollar, we believe, global liquidity is bound to chase growth assets like emerging markets equities and India is likely to be one of the key beneficiaries of the same (both through long only India dedicated fund as well EMs dedicated fund). Overall, with FII shareholding at decadal low in India, in the back of likely improvement in the global business environment, risk-on trade is likely to be back on table and domestic equity market has strong potential to attract FII flows. Q) If someone plans to allocate say Rs 10 lakh (30-40 years) in 2H2025 – should they put fresh money to work? What is the ideal asset allocation? A) Preferred asset allocation for youngster for 2HFY25 can be 20:80 Debt : Equity. For new equity market participants, flexicap MF is the best way to start the journey. Experienced ones are recommended to curate well-diversified portfolio of 15 stocks across large (60%), mid (25%) and smallcap (15%). Q) How is the rate trajectory looking from the RBI? Do you think the front-loaded 50 bps cut was enough to boost consumption? A) During the last MPC policy meet, RBI changed its stance from accommodative to neutral. We expect long pause in terms of rate cuts. ETMarkets WhatsApp channel )
Economic Times
5 days ago
- Business
- Economic Times
Discretionary consumption, digital ads, and travel to lead market themes in 2H2025: Paras Bothra
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In this edition of ETMarkets Smart Talk, Paras Bothra, CIO – AIF at Ashika Investment Manager Pvt Ltd, shares his outlook for the second half of 2025, highlighting key themes and opportunities amid ongoing market to Bothra, discretionary consumption digital advertising , and travel-related segments are well-positioned to outperform, supported by lower interest rates, a festive-heavy season, and structural geopolitical concerns and primary market supply may cap near-term upside, he remains constructive on the long-term India story, urging investors to stay disciplined with SIPs and focus on sectors offering compelling growth and valuation comfort. Edited Excerpts –A) Yes, the volatility we are seeing is because of the geopolitical tensions emerging in the middle east and crude spiking up creating jitters in the markets.A) The rest of the year will see the surge in supply of papers in the primary market and the plethora of QIP and promoter block deals absorbing liquidity and capping market on the other hand there will be buoyancy in the market based on improved fundamentals because of interest rate cuts and ample supply of liquidity, normal monsoon boosting the economy and more specifically consumption.A) Discretionary consumption is a theme which might gain momentum with lower interest rate and festive heavy second like clean water, convenience services, airlines, govt policy supportive industries, digital advertising, hotels, tours & travels, selective industrial products & services, cooling products, financialization of savings, hospitals etc., seem to be riding on structural tailwinds and opportunities can be tapped in these segments when the market turns volatile and the valuation starts looking compelling.A) Crude oil movement in the near future is more to do with war in the middle-east. But it may be short lived till the time tension between Israel and Iran is long the skirmish continues is a fluid situation to predict. But any sign of restoration of normalcy will see supplies easing and crude oil prices coming oil price spike has an impact on Indian GDP and current account balance, but the dependency has reduced a lot with the passage of time and with the adoption in alternate sources of energy.A) We are looking at companies more from bottoms-up and sectors like financials/NBFCs, capitals goods, pharma, discretionary consumption, defence, tours & travels, hospitality, hospitals, manufacturing/electronics, speciality chemicals are few sectors which look good.A) FII's will certainly look at India positively given what is happening in the developed the emerging market is becoming attractive with rising/elevated bond yields in the US and given other macro headwinds in developed markets. Though we are yet to see a surge in India dedicated foreign funds.A) If anybody has a 30-40 years horizon of asset allocation, I think rather than timing the market, it is the discipline of uninterrupted SIP which will work wonders in compounding as an asset class can be seriously looked at, because for such a long horizon, it will be for the younger generation in their twenties and having a risk appetite to digest volatility.A) Yes, it seems rate cut is frontloaded and with the boost in liquidity it will support consumption.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
