MUMBAI: Billionaire investor Rakesh Jhunjhunwala is convinced the ongoing bull market in Indian equities won’t vanish like the one that had set his career for greatness way back in the early 1990s.
Jhunjhunwala, who entered the market at the peal of a ferocious bull market in Indian stocks in 1991-92 before it came crashing down, said he doesn’t see the scope for a similar correction in the near term.
The 1992 bull market is considered to be the most ferocious in Indian capital market history, but it petered away as quickly as it had started due to the Harshad Mehta scam that shook up the India’s financial markets to its core.
Synopsis
In the recent times, there has been a rise in Indian investors taking a piece of the pie of overseas stocks though the mutual fund route.
AFP
Oswal said investing in international equities means one can leverage on the brands such Facebook, Intel, Google, Netlflix, Apple, Adobe and the like, which were commonly used by Indian consumers.
Related
MUMBAI: Most Indian portfolios will have exposure to overseas investments over the next decade, says this young fund manager, who strongly recommends tapping overseas avenues to diversify investments and earn global benefits.
“Most Indian portfolios will have some exposure outside India over the next 5-10 years,” said Pratik Oswal, Head of Passive Funds at Motilal Oswal Asset Management. He was speaking at ETF Masterclass - Rise with India, an event organised by Paytm Money.