'One Can Never Get Good News And Bad Share Price': S Naren, ICICI Pru Life AMC On NDTV Profit Ignite

S Naren of ICICI Prudential AMC, speaking at NDTV Profit Ignite, says he believes FIIs will return to India and highlights asset allocation as the right investment strategy. He discusses contrarian opportunities in Japanese bonds, caution around Nasdaq and US AI-linked investments, and how low valuations make contrarian funds attractive. Naren believes investors overestimate their ability to predict geopolitical events and are often apprehensive about contrarian investing. He cautions against excessive valuations, saying not everything can be worth a trillion dollars, and believes market trends will eventually reverse, though the timing remains uncertain. He also explains why India's situation differs from 2024, noting that while markets may not be exuberant, conditions are not necessarily worse. According to him, the biggest contrarian opportunities emerge during periods of exuberance, and good news rarely comes with attractive share prices.