Time is not right to dabble in stocks: Saurabh Mukherjea of Ambit Capital

In a Q&A, the CEO of Ambit Capital advocates a mix of stocks, bonds and gold in the short term

In a conversation with Hamsini Karthik, Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view. FY-18 could be another year of disappointment, he says. Edited excerpts:

What’s your outlook on FII flows into India, given that central banks including the US Fed are reversing their stance on low or negative rates?

For two successive years we’ve seen good FII flows in the first six months and then it conks off. Net FII flow is unlikely to be