Why Ambit AMC Says This Isn’t The Time To Be Low On Equity Allocation

There will be some winners in FY22 which will use this as an opportunity and make the most of it, says Ambit AMC’s CEO.

Mahima Kapoor @mahimakapoor12

13 Aug 2020, 03:44 PM IST

A slice of watermelon is displayed on top of the the fruit at a market in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Indian benchmarks have rallied despite muted economic forecasts, with most investments toward larger companies. Valuations are higher than reasonable, once again. But this, according to Sushant Bhansali, isn’t the time to have a low equity allocation.Instead, it’s a good time to remain invested in the market as the masses are only going through a “fear psychosis” amid the Covid-19 pandemic, said the chief executive officer at Ambit A...