Do you see a market crash in the near future?
In the last one month, FIIs have pumped in monies equivalent to what they had put in during the last six months. Hence we are seeing a liquidity driven market. Whenever the flows slow down we may get a good buying opportunity. We do not see a market crash. The valuations are still not very expensive and the overall business environment is more favourable. This would boost the overall consumer confidence going forward.
What is the strategic and tactical orientation of your fund?
Birla Equity Plan Tax 99 is an open-ended, equity linked savings scheme (ELSS) with the objective of achieving long-term growth of capital along with income tax relief for investments.
Which are your top sector preferences?
Industrials
Banking