Overall market valuation is in a comfortable zone: Rajeev Thakkar of PPFAS

Overall, valuations are somewhere in-between - that is neither excessive nor down and out where everything can be bought across-the-board, Thakkar says.

Consumption-sector is very robust in terms of underlying growth and attractiveness of the business. However, its valuations have gone haywire. If prices become stagnant or even fall and earnings catch up, that would make the sector attractive, said Rajeev Thakkar, Chief Investment officer (CIO) at PPFAS Mutual Fund, in an exclusive interaction with Puneet Wadhwa and Swati Verma. Edited excerpts -

What’s your view on the markets and what has been your investing strategy in the last one year?

Since the last 12 - 18 months, equity returns haven't been that great and flows into the equity markets have also slowed