"In the US, the bond market is three to four times the size of the loan market, while in India, it’s the reverse. In the US, corporate bond turnover is about 2x annually, whereas in India, it’s only 0.3x," said Mihir Vora, noting the need to bring back vibrancy in India's bond market.
It's a great time, according to Vora, to be looking at small caps, given the momentum in both the domestic and global economy as well as the early growth trends
With 15 percent earnings growth and slightly expensive valuations, markets could offer high single-digit or low double-digit growth at the index level, said Mihir Vora.
Vora's key recommendations include sectors such as power, renewables, real estate, and more, given growth potential and resilience amid economic uncertainties.
While valuations are a little higher than long-term average but they can be justified given the good earnings growth outlook and strong macroeconomic situation for India.
Vora expects growth to slow down in the Indian IT services space but he is bullish on the FMCG sector
Vora suggests sticking to domestic themes like financials, capital goods, automobiles, hotels, industrials and EPC
One message that I would like to kind of convey is that ultimately money is made by investment, not by trading. There’s a minuscule minority of people who actually make money trading on a consistent basis.
After being darling of investors in the past 5 years, private and public sector financial stocks could see a bounce back because the economy cannot turn around without credit growth.
The budget is useful in setting the economic agenda but in the recent past, significant decisions such as the corporate tax cut have also been taken outside the budget, says Mihir Vora of Max Life Insurance.
For retail investors, it is important to focus on longer term horizons, says Mihir Vora, Director and CIO at Max Life Insurance.
Mihir Vora, Director and Chief Investment Officer, Max Life in an interview to CNBC-TV18 shared his views on market fundamentals and his expectation from the Reserve Bank of India monetary policy today.
Market sentiment is bullish and India’s growth story looks positive. Market expert Mihir Vora says that India is a good shining spot.
It is likely that market make take a breather and consolidate, so there is need to be cautious and step-down on the rate of purchases, says Mihir Vora, Director and Chief Investment Officer, Max Life Insurance.
Speaking to CNBC-TV18 Mihir Vora, Director and Chief Investment Officer of Max Life Insurance said that the next three months would be a good time to start building a portfolio.
Max Life insurance is underweight on IT sector. The sector has seen best of its growth in the recent years and is unlikely to see the growth it has seen in the past, according to Mihir Vora, Director and Chief Investment Officer, at Max Life.
Earnings growth this quarter may be muted says Mihir Vora, Director and Chief Investment Officer of Max Life Insurance who believes for the full year, though, it could be a healthy double-digit.
Mihir Vora, Director and Chief Investment Officer of Max Life Insurance says he is underweight on oil, gas, petrol companies not just because the commodity prices are falling, but also because many of these companies are leveraged.