'Valuations high in most sectors, barring a few like Financials'

How is your team viewing the current market valuations and preparing for possible corrections? The current market valuations appear elevated across most sectors, barring a few like Financials. At Quantum AMC, We have reallocated some capital from expensive sectors like Consumer Discretionary to private sector banks. Many portfolio companies have crossed our fair value estimates, leading to relatively higher cash levels. Higher cash and increasing weight in relatively cheaper market segments would position us well for the long term. Are index and factor-based passive funds a fad or a lasting investment strategy? Passive funds tracking and investing in Nifty, Sensex and NSE/BSE 200 are becoming increasingly popul

This article was originally published on November 06, 2024.