Once your process is right, your entire selection process is right. You will get a Virat Kohli, you will get a Sachin Tendulkar. Great winners will come out of your process or creation of the portfolio, says Sharma.
Don't think only India, don't think only global. We need to be in every place where the money is supposed to be made, says Shankar Sharma.
One could buy 25 stocks with some good research. Out of the 25 at the end of 5 or 10 years, 5 will become multibaggers, says Shankar Sharma.
With greater amounts of data being available, the need to "storify" has increased, write Shankar Sharma and Devina Mehra.
Rising COVID-19 cases, the looming threat of lockdown and geopolitical tension keep investors on tenterhooks, but liquidity gives them the hope that the market will not witness a sudden crash.
We follow a tactical asset allocation approach in which we are not exposed to a single market or a single currency or a single asset we diversify to the best opportunities available at that point in time.
Kshitij Anand talks to Shankar Sharma, co-founder of First Global, about investing in global markets and the value of small caps.
Sharma said there is a big difference between the rally in India and in other big markets.
Shankar Sharma’s India-focused PMS strategy, Indian Multi-Asset Allocation Portfolio (IMAAP), fell just 3 percent against a 23 percent, while the other scheme ‘India Super50’ fell by over 7 percent in the same period.
“We are not in the middle of a global slowdown," the ace investor said.
It is unlikely that midcap and smallcap stocks will fall any further, he said.
"This back-to-back majority mandate tells us that India is now almost 50 percent like China in terms of the continuity of the management of the economy," he said.
Neither the Indian equity market nor global market are in a bear market because there is no bubble or irrational valuations visible in any of the global markets, said Shankar Sharma of First Global.
Banks are over-owned sector and is set to underperform this year, Shankar Sharma, Vice-chairman and Joint Managing Director of First Global Securities said, advising investors to steer clear of the sector. He added that many accounts will likely become non-performing assets in 2017 which will put pressure on banks.
Speaking to CNBC-TV18 Shankar Sharma of First Global said that India is in a good shape. Within emerging markets, India is a steady one, he said, adding that FII selloffs don‘t determine market outcomes.
Market has rallied a lot from February lows and it is normal to see a correction of 7-8 percent after a big run feels Shankar Sharma of First Global speaking to CNBC-TV18 on a day when the Nifty slipped below the key resistance level of 8,750.
In a freewheeling conversation, veteran investor Shankar Sharma of First Global talked to CNBC-TV18's Anuj Singhal for the show Unplugged. Excerpts from the interview.
In an interview to CNBC-TV18's Udayan Mukherjee and Sonia Shenoy, Ramesh Damani, Member of BSE, Mahesh Nandurkar of CLSA and Shankar Sharma of First Global shared their expectations from Arun Jaitely's Union Budget and their outlook on the road ahead.
"India in particular has been in a bear market grip for the last one year atleast. Market has flattened out, in dollar terms it is down significantly and this qualifies as a bear market without a doubt," says Shankar Sharma of First Global
Most experts believe that while equities may see heightened volatility this year, it will be a far cry from the year when shares halved in value.
Vaibhav Sanghavi, Managing Director at Ambit Investment Advisory, does not think India can do well under the circumstances. To the extent, the company may even look at revising its FY17 Nifty target. "We may have to revise the 11000 Nifty target (by FY17) if earnings recovery continues to remain elusive," he says
Shankar Sharma of First Global says that while he is not predicting a 50 percent market crash like it happened in 2008, the market is headed down and with similar speed that one saw back then.
Shankar Sharma of First Global acknowledges stability in India's macro situation, but questions its strength in driving corporate earnings, particularly of large companies going forward
In a conversation with Udayan Mukherjee, Shankar Sharma, Global Trading Strategist at First Global affirms Indian equities are in a long-term bear market with cyclical bull rallies thrown in.
Watch Shankar Sharma exclusively in this edition of Investor Camp held at Delhi.