Arjun Parthasarathy has spent 20 years in the financial markets, having worked with Indian and multinational organisations. His last job was as head of fixed income at a mutual fund. An MBA from the University of Hull, he has managed portfolios independently and is currently the editor of www.investorsareidiots.com . The website is for investors who want to invest in the right financial products at the right time.
I am not saying that at all points of time you should be overweight equities. There are times when you should be extremely underweight equities such as time before the 2007-08 market crisis. However the current period is not a time to be underweight equities as a lot of positives are visible for the market.
Will the rupee sustain at 60 and attempt to strengthen further from this level to trade under 60? The answer does not lie in the outcome of India's general election results that is to be declared on 16 May. The answer lies in the behaviour of the US dollar, the euro and the Japanese yen.
The real estate sector is largely dominated by the politician-builder nexus that predominantly deal in black money. Money goes out of the banking system to the real estate sector and stays there as black money.