Bata good investment for 3-5 years: Jeff Chowdhry

Jeff Chowdhry, senior EM Fund Manager at LGM told CNBC-TV18, "On the midcaps we like Bata India. The products are very good; most of us have had a Bata shoe in our life throughout. They had some problems last year with implementation of their new IT system through SAP. My recommendation to every company is before you introduce SAP, be very careful because companies around the world seem to have implementation problems and looks as if they have gone back to their old IT system." "However, Bata India is a company which doesn’t have any real fundamental problem, online is a bit of a challenge for them now. So, that is kind of a midcap which has fallen little bit on hard times. Got a good product, good brand, good management team and I think it is a quite a good investment for the next three to five years," he said.