HomeNewsBusinessMarketsOverweight on India, check out Aberdeen AMC's top bets

Overweight on India, check out Aberdeen AMC's top bets

It is a not a market for the chicken-hearts. Though Indian market is directionless and almost on a losing spree, some feel that this is the best time to invest.

August 26, 2011 / 15:53 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

It is a not a market for the chicken-hearted ones. Though Indian market is directionless and almost on a losing spree, some feel that this is the best time to invest.

Adrian Lim, Aberdeen Asset Management is bullish on India. In an interview to CNBC-TV18 he said, "We have been overweight on India for a very long time now and that's driven largely not from sentiments or macro economic development but largely from the quality of companies that we see and like here." He prefers HDFC and ICICI Bank in banking space. "Their lending book growth remains healthy, net interest margins pressure remain relatively benign despite the heavy hikes in interest rates over the last 18-24 months. So, even within sectors, there are positive areas", Adrian explains. He still maintains
first published: Aug 26, 2011 09:40 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!