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BQ Edge | Investing In Debt Better Than Buying Some Of The Consumer Stocks, Says S Naren
The top fund manager considers investment in debt better than buying stocks of some consumer companies.
18 Jun 2019, 06:48 PM IST
The top fund manager at India’s second-largest mutual fund considers investment in debt better than buying stocks of some consumer companies.When consumer stocks were trading at 35 times their earnings, S Naren, executive director and chief investment officer at ICICI Prudential Asset Management Company, considered them expensive. But the valuations rose to 50-60 times.Interest-rate arbitrage helped consumer stocks in 2008 and the va...
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