Quant MF finds value in insurance, wealth after correction; avoids oil plays
Home Market News Quant MF finds value in insurance, wealth after correction; avoids oil plays
Sandeep Tandon, Founder & CIO of Quant Mutual Fund, expects Indian equities to see consolidation in the near term before resuming an upward move, with a shift toward stock-specific opportunities.
Quant Mutual Fund is positive on insurance, asset management and wealth businesses from a medium- to long-term perspective, citing improving penetration and steady growth trends.
Sandeep Tandon, Founder & CIO of the fund, which manages over $9.5 billion in assets said these segments are better candidates as compared to banks.
Recent corrections in insurance stocks have created opportunities and the worst is largely priced in, he said, advising investors to view the space as a buying opportunity despite near-term challenges.
Tandon also believes small-cap and nano-cap stocks will outperform the broader market, and recommended investors to increase exposure selectively after the recent correction.
For the full interview, watch the accompanying video
Quant MF has exited oil-related stocks such as ONGC and Oil India due to the weak participation despite a rise in crude prices and a view that the oil cycle may have peaked.
Also Read | HSBC MF CIO avoids aggressive bets, sees value in banks, selective small caps
The fund is also avoiding brokerage and exchange-led plays in the near term due to regulatory changes impacting volumes.
Tandon said the broader setup for equities has turned positive. “The worst is behind us. Best is yet to begin.” He expects markets to see 7-10 sessions of consolidation before the next move higher. Signs of exhaustion in foreign investor selling and weakness in the US dollar are positive indicators for emerging markets, including India.
Also Read | Devina Mehra says geopolitics not a key market driver; advises staying invested
He noted that his fund remains largely invested, with cash levels recently raised to 7–8% to take advantage of short-term volatility, while maintaining a positive medium-term outlook.
Catch all the latest updates from the stock market here
Information contained on this page is provided by an independent third-party content provider. This website make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact editor @producerpress.com
