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Exposure to India will increase in FIIs portfolio: Max Life Insurance's Mihir Vora

Vora expects growth to slow down in the Indian IT services space but he is bullish on the FMCG sector

December 08, 2022 / 01:08 PM IST
Mihir Vora, Director and Chief Investment Officer at Max Life Insurance (File picture)

Mihir Vora, Director and Chief Investment Officer at Max Life Insurance (File picture)

Mihir Vora, senior director and CIO of Max Life Insurance, believes that the foreign investment into Indian equities will grow as the inflows are more pro-India than anti-China.

In an interview to CNBC TV-18, Vora explained his disinclination towards the Indian IT services sector and also why the FMCG sector may outperform. Edited excerpts:

Will India's advantage as a plus one exist if China continues reopening?

This can be one concern but structurally it won't alter the investors' long-term view of the Chinese political landscape. The flow we are seeing is pro-India flow and not anti-China flow. Incremental exposure to India will increase in the FIIs portfolio.