Karan Bhagat, Founder, MD & CEO, IIFL Wealth and Asset Management in an interaction with CNBCTV18 speaks about asset allocation, the post-Covid recovery, and the current market scenario.
Highlights of his discussion are:
The market is driven by easy and ample liquidity
Retail investors and HNIs have concentrated themselves in top 40-50 stocks in general
Mid to large cities still finding their footing properly; as they're in some kind of a lockdown; towns are in a better situation
Clarity over the next 60 days expected; better than what it was 45-60 days ago
Many of our clients who run their own businesses have opened, still very cautious though
Retail participation rising
We are taking selected bets in non-discretionary consumer space
Tech stocks trading at a high premium around the world
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