Election results are far ahead of all exit poll views: ICICI MF

India Infoline News Service | Mumbai |

With regard to fixed income, investors should consider moving out of all defensive fixed income products to much more aggressive ones

The election results 2014 are far ahead of all the exit poll expectations. Post 1984, this is the first time a single party is getting almost absolute majority. This is extremely positive structural move for the potential returns in the equity markets. It is also positive for a potential drop in interest rates over the next 18 months, Sankaran Naren, CIO, ICICI Prudential AMC, said.
Hence, it is extremely important for investors to consider investing in equities. Currently, domestic investors are extremely under-invested in equities and we believe they should allocate to equities even today. We believe that banking, infrastructure and mid-caps are likely to outperform the large caps, which does not mean that large caps will not be in a position to give returns. With regard to fixed income, investors should consider moving out of all defensive fixed income products to much more aggressive ones.
 

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