Time to look at global markets for investment, says Ajay Srivastava

"Look for companies with monopolies, look for the larger sized companies. Even in the midcap space look for companies which have got a size of Rs 2000 crore and above. Theme-wise nothing changes, very boring but allocation-wise we are now moving towards a stage where we would think that we need to do a lot more allocations to global markets than the Indian market," he said.

On the forthcoming budget, he said, "Personal income tax cut has to come because you can't get on a backdrop of such a large corporate tax cut and not give something to the common market. Given the political compulsion, something has to follow through. You need to focus on what is happening at the ground level. If you look at the 4-5 pillars of the Indian economy - MSMEs, gems and jewellery sector, the handicraft sector, the garment sector, the leather industry, those are all struggling for traction for various reasons."

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