News From Press Go defensive, don’t expect big returns in next 1 year: S Naren, ICICI Pru AMC

Go defensive, don’t expect big returns in next 1 year: S Naren, ICICI Pru AMC

Source: The Economic Times Jun 27, 2018

S Naren, Chief Investment Officer, ICICI Pru AMC, tells ET Now that one should carefully allocate money in next 12-18 months and invest defensively.

Edited excerpts:

Why is your AMC planning a NFO for the healthcare sector? That is like being deep contra, isn’t it?

It was deeper contra one month back than what it is today. It was an underperformer of more than 30% or so in the last two-three years. Partic ..

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