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50% return in 11 months! Here's how this Singapore-based fund spotted microcaps in Indian equity market
In an interaction with Business Today, Vineet Arora, Managing Director, NAV Capital said the fund intends to deploy Rs 500 crore in the Indian SME space over the next one year.
After 180% returns in 20 months, this Singapore-based FPI sees a 40% downside in microcaps
One always needs to be cautious and be prepared for 5-10 per cent pull-backs and if you are an investor in SME/small microcaps, please be prepared for 30-40 per cent drawdowns, says NAV Capital's Vineet Arora.
ETMarkets Fund Manager Talk-Bullish on India but don’t see tear away rally until 2024 elections outcome: NAV Capital
Further, the Reserve Bank of India has done a phenomenal job by being ahead of the curve in increasing and then pausing rates. As global interest rates take a breather, FPI flows have also reversed in recent months and we have seen good inflows. We remain bullish on small and microcaps and on the broader market whilst watching the trends closely.