“As an investor, there is opportunity in premiumisation, mass market and super luxury segments. All three options are available in India and as an investor we will have to keep our eyes open. As of today, post Covid consumption distribution, premium markets or premium products have done well but it is just a question of time before the mass market products also start doing well.”
Last month, the demerged entity of Jio Financial Services or JFSL had announced the formation of Jio BlackRock, a 50:50 joint venture between JFSL and the world s largest asset manager.
“Sourav Ganguly was Maharaja of the off side but not necessarily that great a player on the on side. But he developed that onside in order to become a successful player. If he had remained Maharaja of the off side, then he would not have been as successful cricketer as he was. We need to be mimicking Sourav Ganguly in mastering the on side.”
Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Company, advises investors to invest in the long-term growth story of India without the fear of missing out. He believes that the valuations are not at all-time highs despite the benchmarks reaching their highest levels. Shah attributes India s positive outlook to the resolution of various concerns and sees the country as an economic oasis. He advises investors to stay invested as India is on the cusp of greater wealth creation in the next decade.