Bullish on India but would caution people that valuations all over the world including India are toppish, said Rupal Bhansali, chief investment officer for international and global equities at Ariel Investments, on Monday.
“Emerging markets (EMs) lagged a lot last year and they have been lagging for almost a decade and certain markets, India being one of them but Brazil is another market; both look interesting and intriguing from a medium-term perspective,” she said.
Bhansali further advised investors not to look for opportunities in small and midcaps but in largecap companies and said that the financial sector in India offers far better opportunity.
"We still prefer good old names like HDFC, they have steadier growth prospects. Yes, they trade at a premium but because of longevity of their growth it still offers good value,” Bhansali added.
She is also positive on consumer-oriented finance companies like auto finance companies and Kotak as these would be better positioned from medium to long-term perspective.
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