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Yogesh Patil of LIC MF says Budget 2021 likely to focus on ways to strengthen AtmaNirbhar Vision

The phenomenal journey of Sensex from 100 to 50000 has been enjoyed by all disciplined investors. The story has clearly highlighted the power of compounding with time, says Patil.

January 30, 2021 / 03:23 PM IST

Given the weak revenue collections during the pandemic year, focus on boosting spends towards development expenditure and health keeping an eye on fiscal consolidation, Yogesh Patil, Fund Manager - Equity, LIC Mutual Fund said in an interview with Moneycontrol’s Kshitij Anand.

Edited excerpts:

Q) Sensex touched 50K, but since then the index has fallen below crucial support levels. What should investors do now if someone plans to put fresh money?

A) Looking at just the listed market universe does not provide the real picture of the Indian economy. A sizeable component of GDP comes from the unorganised segment which has been losing share to larger and organised players (typically listed companies).