Healthcare and insurance. These two sectors which have either been ignored or under penetrated are like to do “really well” over the next five years from a structural point of view.
That's according to Rahul Singh, chief investment officer at Tata Mutual Fund who sees these sectors gaining importance in the light of the public health safety crisis that has gripped the world and India alike.
“There are a few bright spots in the market for us to pick from, and that's what you have to do,” he said in a conversation with BloombergQuint. “You have to rid yourself from segments that will do worse and move towards those that will likely benefit six months down the line and have decent valuation.”
Singh expects laboratories and hospitals, health and general insurance, telecom, chemicals and pharmaceuticals to benefit.
Tata Mutual Fund is sitting on some cash and is likely to invest it when the market corrects, he said. The correction this time, however, would not be as drastic as that seen in March, he said.
Watch the full conversation here:
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