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Don’t expect markets to gallop in the near term, says this wealth manager

JamaWealth founder-CEO Ram Kalyan Medury also said that after the recent flurry of activity, even the primary markets could mellow down due to the global macro situation

November 26, 2022 / 01:59 PM IST
Ram Kalyan Medury of Jama Wealth

Ram Kalyan Medury of Jama Wealth

PB Fintech is a good proxy for insurance demand in the country, but that does not necessarily mean that we simply buy and hold the stock forever, Ram Kalyan Medury, Founder-CEO, JamaWealth, said in an interview to Moneycontrol.

With 23 years of experience in technology and financial services, Medury said that since benchmark indices have run up considerably of late, they may not gallop further in the near term.

After the recent flurry of activity, Medury feels that there could be a mellowing down of the primary markets for the rest of the fiscal due to the global macro situation. Edited excerpts of the interview:

Is PB Fintech a good proxy for the insurance segment? How will it be impacted by Bima Sugam (a platform where all life and general insurance policies can be purchased)?