Samvat 2080: Rewards await patient investors despite challenges in Indian market, says Nilesh Shah

Samvat 2079 was a year of unexpected developments within the stock market. It was a time when the conventional market leaders faltered while the underdogs excelled. Large-cap stocks lagged behind, whereas mid-cap and small-cap stocks shone brightly. Surprisingly, strong sectors such as private sector banks underperformed, while previously overlooked public sector undertakings (PSUs) experienced unprecedented success.

Nilesh Shah, Managing Director of Kotak Mahindra AMC believes that there is reward for patient investors in Indian market despite all the challenges.

"Samvat 2079 had lot of unexpected turns but at the same time it rewarded patient investing. If you are an investor, despite all the things which have happened in the world, there is reward in Indian market," Shah said in a discussion with CNBC-TV18.

Mihir Vora, Chief Investment Officer of Trust Mutual Fund, highlighted the resilience of Indian entrepreneurs during Samvat 2079. He said, "What stood out in Samvat 2079 was the resilience of Indian entrepreneurs. The success stories of mid-cap, small-cap, and micro-cap companies underscore the vibrancy of the Indian economy."

According to Shah every correction is a great opportunity to invest into India. He also emphasised the importance of India's commitment to the "3Gs" - growth, governance, and green transformation, as a means to overcome present challenges. He stated, "As long as India delivers on "3Gs" - first is growth, second is governance and third is green transformation - we will be able to overcome all the challenges we face today. So I feel every correction is a great opportunity to invest into India."

S Naren, Executive Director and Chief Investment Officer of ICICI Prudential AMC, discussed the benefits of multi-asset funds especially during the COVID-19 pandemic. He pointed out, "The real advantage of multi-asset funds became evident during the pandemic. While equities performed poorly, asset classes like gold delivered strong returns. Therefore, the concept of asset allocation across equities, debt, and gold provided a more favourable investment experience compared to focusing solely on equities."

Nilesh Shah also highlighted the importance of financial awareness and responsible investing. He advised investors to keep in mind that trading is injurious to your financial health.