"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
GOOD THOUGHT
I agree with him because somebody invested lumpsum invesment in harshadmehta peak in the year 1992 the investor return is pathetic 8 percent even after 23 years cagr. Invest only through sip. Dont recommend lumpsum now.Historical evidence shows even in 5 years return is hardly 5 percent cagr.
Well since we are advisors and have been in the markets for a long time I do understand thar stocks might be overvalued but I fail to see what Mr Subramaniam means "Over a 1-3 year period the risk is significant ". So do we invest now or not ? If not what about all those Close Ended funds which have gathered a Huge amount from Investors.
Good to see plain facts from CIO,otherwise only diplomatic answers. It is really a challenge to convince investors about the risk there in global/Indian markets going ahead...
Plain talking, and sensible concerns. While a lot of fund managers are gung ho, inspite of the recent run up in valuations vis-a-vis the ground reality, vetri has been blunt and honest about his views. Most of the other fund managers are for waiting till 2017, when valuations, having appreciated over the last 2 years would be reasonble. Future Valutions are fraught with danger and are at the best conjectures.
One sane voice of reason- needs guts to do some plain speaking- rare trait in our country