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Last Updated : Oct 07, 2016 10:35 PM IST | Source: CNBC-TV18

What 3 strategies according to Axis MF can be good for market

Chandresh Kumar Nigam, MD & CEO, Axis Mutual Fund believes it is good for the market if it consolidates and then moves up. As such there are no signs both globally and domestically that says one could see volatility going ahead.


Chandresh Kumar Nigam, MD & CEO, Axis Mutual Fund believes it is good for the market if it consolidates and then moves up. As such there are no signs both globally and domestically that says one could see volatility going ahead.


The fund has a three-pronged strategy to gauge the market and if these three things are in place then it would be good for the market, says Nigam. First is macroeconomic view, which is currently strong. Second is corporate growth, where currently the local and B2C businesses are doing well, so look at spaces with growth visibility and third is liquidity – with a low-interest rate scenario, things are well placed, says Nigam.


From a global perspective, Brexit will not have a major global impact although locally for Britain their currency and economy could be impacted.

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According to him, consumer discretionary space which so far has seen low penetration would do well going ahead, especially in the urban market – things like cars, refrigerators, two-wheelers etc. Earnings in these spaces would be good.


For consumer staples the growth has been subdued but maybe post good monsoons they will see better demand from rural areas.

For the entire interview, watch video...



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First Published on Oct 7, 2016 12:48 pm
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