In the inaugural episode of Coffee Can Investing series, Saurabh Mukherjea talks to Sankaran Naren, Chief Investment Officer of ICICI Prudential Mutual.
The Bharat Consumption Fund is a multi-sectoral fund with both defensive and aggressive sectors as part of the theme and even contrarian sectors as part of the theme, said S Naren, ED & CIO, ICICI Prudential AMC.
Investors had forgotten the word ‘risk’ and now they will be more careful, said investors had forgotten the word ‘risk’ and now they will be more careful.
While the feeling is that of a bull market, in the last six-months the largecap index return is not in commensurate with the mood of the market, said S Naren, ED & CIO, ICICI Prudential AMC.
The financial space can be played through large corporate banks with a good franchise on the back of industrial recovery, says Anish Tawakley, Head of Research at ICICI Prudential AMC.
S Naren likes the telecom space due to the current valuations for long-term. He also likes power industry, where he expects a 5-7 percent increase in power consumption in India every year.
From November 18, BSE introduced ISIP services to help investors to set up a form of SIP without involvement of any physical documentation.
Sheela Foam, the maker of Sleepwell brand of mattresses, has received Rs 153 crore through anchor investors' portion on Monday.
In the special series Wizards Of Dalal Street, Ramesh Damani caught up with Mrinal Singh, Deputy CIO at ICICI Prudential AMC where he spoke about how he spotted Natco Pharma.
The market will be led by financial, capital goods and utilities sector for the next few years. He does not see the IT sector turning around anytime soon.
The best investment decisions are taken during bubbles & bursts, said S Naren, CIO, ICICI Prudential AMC.
Defying other market experts, S Naren, ICICI Prudential AMC is of the view that the correction that is seen in the marekt, post the Brexit, is in fact a buying opportunity, which should prevail for a few more days.
Watch Mumbai Edition of Investor Camp where CNBC-TV18's Anuj Singhal & Sonia Shenoy discussed market and specific stocks at length with experts like S Naren, CIO at ICICI Prudential AMC and Prakash Diwan, Investment Evangelist, www.prakashdiwan.in.
The upturn in oil prices bodes, which will likely continue for the year, bodes well for equities, says ace fund manager Sankaran Naren, CIO of ICICI Prudential AMC.
S Naren, CIO of ICICI Prudential AMC, says this year is not for traders but for long term investors, particularly from mutual fund point of view.
S Naren of ICICI Prudential AMC pointed out that whenever foreign institutional investors have been big sellers due to global reasons, each time it has provided a buying opportunity for domestic long-term equity investor.
Manish Gunwani, senior fund manager at ICICI Prudential AMC believes dollar trajectory will be the key variable in the short-term
It is a good time for long-term investors but a very confusing one for short-term traders is the word coming in from S Naren CIO, ICICI Prudential AMC.
In terms of further earnings downgrade on the back of disturbing global news, Manish Gunwani, senior fund manager at ICICI Prudential AMC believes there may be some downgrades of 1-2% here and there at the margins.
S Naren, CIO at ICICI Prudential AMC, says at this point in time, a lot of cheap sectors/ stocks have near-term outlook constraints. Citing upstream oil companies as an example, he says they have very low margins today, but going ahead they will do very well.
Manish Gunwani of ICICI Prudential AMC believes equities will outperform other asset classes in the medium term.
Naren says a bigger concern is that the investment cycle in the economy is not picking up, and this sluggishness could persist for the next six months
According to Manish Gunwani of ICICI Prudential AMC, one may look at PSU banking stocks with a long term view of 2-3 years.
The cumulative cut of 50 bps by RBI at the start of the year gave a huge boost to the debt market. Given the perfect setting of most of the macro-economic indicators another 50 bps of rate cuts seem to be likely for the rest of the year.
Gunwani sees corporate earnings growth being tepid for a couple of more quarters as the improvement in the macro environment is yet to trickle down