Staying away from mid, small-caps not an option: DHFL AMC CEO Ajit Menon

Domestically, market indices are quoting at a premium to their historical averages but the premium currently is not very high, says Menon

Ajit Menon, chief executive officer of DHFL Pramerica Mutual Fund
Premium

Ajit Menon, chief executive officer of DHFL Pramerica Mutual Fund

Ashley Coutinho
The fall in global liquidity with the end of restriction on money supply needs to be watched closely, says Ajit Menon, chief executive officer of DHFL Pramerica Mutual Fund. In an interview with Ashley Coutinho, he says valuation of indices are at the current levels due to extreme overvaluation in certain pockets but not all segments are at historical highs. Edited excerpts:

What is your outlook on the market for the year ahead?

Our local micros are improving, headwinds in the form of challenging macros are transforming into tailwinds. But the other phenomenon that needs to be watched

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 02 2019 | 10:52 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com