Fund Cautious on Markets Ahead of Elections; Advises Staggered Buying in Quality Large-Caps
- Remains cautious on markets due to gloomy global outlook and high valuations; suggests staggered buying approach
- Prefers largecaps over smallcaps; constructive on capex, pharmaceuticals, 2-wheelers, and specialty chemicals
- Markets pricing in BJP victory and best case earnings scenario ahead of elections
- With valuations stretched, time to remain cautious and take some money off the table
- New business models and sectors entering public markets provide opportunities to identify potential multibaggers