As the market volatility continues, Aberdeen continues to remain overweight on India. It is currently betting big on HDFC, Tata Consultancy Services (TCS) and the consumption space.
Hugh Young, managing director of Aberdeen Asset Management-Asia said, “We look at a whole range of global markets and India has some fantastic companies. So on valuations front, India hasn’t been cheap for many years."
The MD believes that the finance sector, especially the private banks have been in a "stunning growth". "I think there is still quite a bit of growth to go for."