Business Standard

We're cautiously optimistic and playing recovery theme: MD-CEO of Axis MF

In a Q&A, Chandresh Nigam of Axis Murual Fund says high-frequency indicators on discretionary spends such as auto sales and realty absorption figures point to strong pent-up demand

Chandresh Nigam, Managing Director & Chief Executive Officer, Axis Mutual Fund
Premium

Chandresh Nigam, Managing Director & Chief Executive Officer, Axis Mutual Fund

Ashley Coutinho Mumbai
Excessive pessimism in March led to market levels that look unwarranted now, says CHANDRESH NIGAM, managing director and chief executive officer, Axis Mutual Fund (MF). In conversation with Ashley Coutinho, he says high-frequency indicators on discretionary spends, including auto sales and real estate absorption figures, point to strong pent-up demand. Edited excerpts:

Indian equities have seen sharp rebound from their March lows. What is your assessment?

In March, the sharp downward movements were knee jerk, in part due to several unknowns. Overt pessimism led to market levels that, in hindsight, look unwarranted since the impact on companies was less than market estimates.

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

First Published: Nov 16 2020 | 3:15 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