Bharat Banka: Expect a rise in equity with 2-3 years
On an interview with Dev Chatterjee, Bharat Banka (chief executive officer of the Aditya Birla Equity Fund) that their next mission is to increase commitments in the current domestic markets. This will require pension and provident funds, retirement funds, endowments, participation by insurance companies and removal of restrictions.
On being asked about investments on an amusement park, he replied that a good and positive outlook has been maintained in matters of domestic consumption and that investments shall also be made in the fields of entertainment, leisure and consumption.
Further when he was questioned about the investment options for private equities with the economy slowing down at such a rate. On that note, he said that it would be silly to expect drastic changes within a night and that the choices are different for every investor. This is because of what they would like to focus on and their time horizon. They still have a agnostic attitude towards the sectors and choosy when it comes to opportunities.
Mister Bharat Banka also speaks about how the alternate assets sectors in India can develop in the future. To this he said that the country is spending a large chunk of money for investments annually and their next big focus is to raise commitments which are valuable and meaningful in the domestic markets. Towards the end, he mentions the need of having a dialogue which is transparent enough to settle all issue.
{Source: Dev Chatterjee}
alternate assets sectors in India, Bharat Banka, endowments, provident funds, retirement funds, rise in equity with 2-3 years
