Large Caps Seen Outperforming on Flight to Quality Indian Stocks
- Investors must scale down return expectations: HDFC Securities
- Consumer-facing sectors will keep doing well, CEO Relli says
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Indian equities may be Asia’s second-best performers this year, but the brokerage unit of the nation’s biggest private bank has advice for investors: load up on large caps and raise cash to buy into declines.
The strategy is based on the premise that the biggest companies will weather the volatility induced by the political uncertainty before next year’s national ballot more smoothly than the smaller stocks that led the $2.2 trillion market to multiple records in 2017.