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Capital market still robust for investment; upbeat on housing fin cos: Birla Sun Life

In medium-term there would be significant acceleration in housing purchases, which could be a big opportunity for housing finance companies to lend to, said Jayesh Gandhi of Birla Sun Life AMC.

January 13, 2018 / 03:28 PM IST

Jayesh Gandhi of Birla Sun Life AMC from the sidelines of the CFA Society India 8th India Investment Conference spoke to CNBC-TV18 about the investment culture in India, the outlook for the market and stocks/sector.

Investment culture is likely to remain strong because in the last two decades institutional investors have become a bigger force compared to earlier periods when retailers were bigger participants in the market, said Gandhi.

He said one should be proud of the fact that we have a robust capital market to invest into and is confident that Indian investors have realized this and are ready to take advantage of it.

He said while in the current bull market there is lot of skepticism with regards to the valuations of midcaps and smallcaps, over the next 3-5 years they will still outperform the largecaps.