Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Live Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.
Budget 2023
Budget 2023

DAILY VOICE | Evergrande-led correction an opportunity for investors to deploy money as domestic factors remain strong, says Shailendra Kumar of Narnolia

Till now Evergrande issues look localized and Chinese policymakers should be able to handle them out using steps like restructuring.

September 23, 2021 / 08:15 AM IST

Shailendra Kumar, Chief Investment Officer at Narnolia Financial Advisors feels till now Evergrande issue looks localised and Chinese policymakers should be able to handle it using steps like restructuring.

So the correction would be an opportunity for investors to deploy money as it is not due to Indian economic factors or corporate earnings, said Shailendra Kumar, who has experience of over two decades in fund management and investment advisory.

Recently, Chinese real estate developer Evergrande, the most indebted real estate developer in China with over $300 billion of loans, warned investors that it could default if it's unable to raise money quickly.

He believes Indian economy and Indian equity market is set for exciting times ahead. "While global trend of digitalization is megatrend favouring Indian economy, domestically, formalization is another megatrend adding further positivity to Indian equities." he said.