The market veteran believes the months that follow could see a massive influx of foreign money in India dedicated funds, and “if simultaneously the broader EM basket were to see a positive turn, India could attract unprecedented foreign investment".
Although Khemka claims to be sector agnostic, structurally he tends to find more attractive investment opportunities in certain sectors like private sector financials, consumption—staples as well as discretionary, IT, and healthcare. Amid worries over a severe global recession, the market maven expects demand in the IT sector to stabilize and pick up next year. Edited excerpts:
To begin with, after strong buying by foreign institutional investors (FIIs) and domestic institutional investors (DIIs) in 2023, how do you see inflows from them in 2024?
India is experiencing a positive trend, this is despite the fact that overall emerging markets as an asset class have seen choppy flows. FII interest in India has been rising recently, and going by the number of enquiries coming in, ensuing months could see a massive influx of foreign money in India dedicated funds. If simultaneously the broader EM basket were to see a positive turn, India could attract unprecedented foreign investment. DIIs have been investing at a very robust pace in the last several years. And this is expected to continue if the market remains stable to upwards or there is no massive correction or pullbacks.
Could the election be a bump in the road for inflows?
Esta historia es de la edición January 15, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 15, 2024 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
A counterintuitive view on education
A book about Shomie Das, principal of three posh schools, serves as a rich distillation of his thoughts on education
The loss of sound in our noisy lives
Sound memory fades faster than visual memory. In a world as rapidly changing as ours, a museum of endangered sounds makes sense
A whole new League
When Arcane first dropped on Netflix, it didn't just break the mold for animated television—it shattered it into shiny fragments, each as intricate as the show's hand-painted aesthetic.
When pets get cancer
Advances in veterinary sciences have enabled several treatments, but early detection can make all the difference
Reduction of energy costs in the telecom sector
With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply
Skip cheese and sip wine in Switzerland
Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations
Bankers aren't always frank about bank regulation
The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.
Baku: A climate breakthrough looks depressingly bleak today
The success of fossil fuel-favouring politics threatens the planet
Global solidarity levies can play a vital role in our climate efforts
Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times
Speak for the Earth: It's the least we should do
This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?
