Investment firm Solitude Capital Management believes there are opportunities in Indian consumption space.
Joel Werner, CIO of Solitude Capital Management, at the 14th Annual Motilal Oswal Global Investor Conference, said that rupee had been a headwind for investments in India.
“We expect somewhere between 4 percent and 5 percent depreciation in the rupee versus the dollar as we underwrite our investments,” he said.
On investments, he said, “When we enter in the right investment, we are looking for two-three times our money in one-two years which makes a very special investment and they are hard to find. So we tend to have 15 investments at any given point and 10 of those investments tend to make up 80 percent of our capital."