INSUBCONTINENT EXCLUSIVE:
($44 billion) as chief investment officer at ICICI Prudential Asset Management Co., says investors need to brace for a run of constrained
Key Indian equity indexes are up less than 10 percent this year, and gauges of mid- and small-sized companies are poised for their first
months by homegrown narratives
non-bank financing sector - will mostly be resolved in the next year, leaving the Fed as the biggest factor.
Investors around the world will
find out later on Wednesday whether Fed officials will reduce their "dot plot" trajectory for 2019, which currently implies three
The $4.1 billion ICICI Prudential Balanced Advantage Fund -- the biggest that Naren manages -- has returned 12.85 percent annually in the
past five years, the best among its peers for that period, according to Value Research Ltd.
A more dovish Fed could help bring foreign
The Dow Jones Industrial Average has outperformed the MSCI India and the MSCI Emerging Markets indexes in the past three years.
Still, local
flows into equity funds have helped cushion markets
Investors have poured 1.2 trillion rupees into stock mutual funds this year, according to the Association of Mutual Funds in India
Naren likes small- and mid-caps, infrastructure stocks, banks and consumption-linked shares, he said
