Tell us a little bit about how you are Navigating These rather turbulent waters right now Oh so they are uh turbulent waters uh i Think uh what we're trying to do is look We realize i think equity markets have Had a Good ride but the state of the recovery Is precarious i think when you Talk to corporates uh in india you know Earnings are coming back revenue is Coming back but there's obviously the Set of concerns around Inflation rising input prices uh so We're always telling investors to Focus hard on their asset allocation and You know Even as a fund house focusing on Solutions that provide asset allocation To investors because There's no one call you can take on debt Inequities and On the fixed income side as you said It's been a wild ride especially in February uh we've seen bond yields rise About a percent But we also think from an investor point Of view it will be a very very good time To lock in yields Uh with yields touching close to six and A half seven percent even in the Quasi-software products so That's what we're trying to tell Investors uh you know that with bond
Deals rising there actually may be a Very good opportunity for medium-term Investors So so radical i mean the thing is that We have uh Of course a situation where these bond Yields are going up we've got a stimulus In the offering and That brings us nicely to our question of The day which is what assets will gain Most from stimulus and we're seeing Stimulus right across the board not just The us but India as well as other countries Look i think equities stand to uh gain i Think uh with the kind of liquidity that We're seeing And uh it's not just india i think all Emerging markets are slated to gain uh So equities is clearly the asset class i Think in the indian context uh If you look at the recovery in the last Two years it's also been a Very large cap oriented recovery uh the Broader markets in india have not Participated in that recovery Uh and we do believe that the mid and Small cap segment Is probably slated to gain from the kind Of stimulus and the kind of liquidity That we have out there Uh having said that radica taking a look At the earnings outlook for indian Companies they had a stellar q3
Is that sustainable going forward So i think uh it is uh q3's earnings are More optimistic than q2's earnings Because if you look at q2's earnings They were largely margin driven earnings Uh q3's earnings definitely have a more Of a volume growth element I think as you talk to corporates the One point of concern that comes up as i Said Is rising commodity prices and upping Input costs but if you see all segments Of the economy in india today and you Talk to promoters Businesses are coming back i mean even You know industries that are Very badly affected like airlines and Hospitality even domestic tourism Is coming back so it gives you a sign That at least things are sustainable i Think the banking sector which Constitutes a large percentage of our Bank Benchmark is also largely out of the World But having said that we saw i guess How markets are pretty concerned about Easing liquidity Given the recent sell-off is that Concern at all That perhaps foreign investors foreign Funds which have supported Indian stocks so far may be pulling out There is concern that the pace of
Foreign investment that was very large In october november Uh etc may slow down whether it's Pulling out Who's to tell but that could that slow Down certainly We also have a significant domestic Market that used to be a large net buyer Into our markets i mean my own industry We had about a billion dollars of sip Floors unfortunately for the last six Months That segment has also been negative at Least the initial science we're seeing Is that the domestic Bleed might just taper off also I think i just quickly here i mean you Are One of the uh only female fund managers There in italy I believe that women only make up eight Percent of the total number of Fund managers in the country what needs To be done to address that And uh why is there such drastic under Representation in the first place Oh yeah it's uh it's bad i think fund Managers ceos anything In asset management and it's ironic Because we've had a golden history of Banking Uh female ceos i think uh you know ask Me quickly the reason why i think it's Our legacy we come from
Uh the large street and the broker Dealer mindset where It was believed that women don't uh Handle money Um and that mindset has unfortunately Continued at the top Uh unfortunately i think solving the Problem at the top doesn't do anything i Really think you need to get More women in at the mid and junior Level And especially take care of young women In their 30s and 40s which is a crucial Time when women tend to drop out so That's been our focus at luis amc we're About 27 Women and we have quite a few women in Mid-level positions but the hope is that We're going to try and grow them into Senior level Because you really have to attack the Next generation of leaders coming into This business
