Mrinal Singh, CEO and CIO of InCred Asset Management Talking on the condition of the market and the economic condition of the country, he told Moneycontrol that trying to time the market is a futile attempt because the market has its own movement on which we have no control. If you want to build a good portfolio with a long-term perspective, then you should identify good companies and invest in them with a long-term perspective. This is the key to making money in the stock market.
He asked the investors not to take their investment decisions on the basis of the level of the market. In this conversation, he further said that the future prospects for the Indian economy look very strong. We see great potential going forward in segments that will benefit from capacity expansion.
Which sectors to watch
We are more inclined towards those sectors that will benefit from the increasing focus on domestic manufacturing going forward and which are likely to get new markets due to the China Plus One policy. Let us tell you that Mrinal Singh has also worked with ICICI Prudential AMC as CIO before this.
what is investment strategy
Talking on the market, he said that due to rising inflation, current geopolitical tensions, rise in crude oil prices, increase in interest rates, there has been a huge fall in the market but keep in mind that this decline is not permanent. This fall is giving us an opportunity to buy at a good price in companies with good business, good growth potential.
Know where you will earn
Where would you like to invest from a long term perspective? Responding to this question, Mrinal Singh said that the prospects ahead for the Indian economy look very strong. We see great potential going forward in segments that will benefit from capacity expansion. We are more inclined towards those sectors that will further benefit from the increasing focus on domestic manufacturing and which are likely to get new markets due to the China Plus One policy.
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He further said that apart from these sectors, textiles, chemicals, engineering boards and automobiles also see a lot of potential. In auto mobiles, especially those companies whose focus is on green energy should be kept. Apart from this, business related to housing and mortgage should also be monitored.
He further said that sectors related to personal consumption such as individual mobility, education, leisure, travel, entertainment and consumer durables will play an important role in achieving the per capita income of the country to $ 4700 by 2030. Let us inform that according to the IMF data, at present India’s per capita income is around 2200 dollars.
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