IV Subramaniam is Managing Director and CIO of Quantum Advisors, which manages one of India’s largest portfolio management schemes and advises foreign investors, apart from being the sponsor of Quantum Mutual Fund. BusinessLine caught up with him for a conversation on the market outlook.
Is value investing making a comeback?
Value investing is practised across market cycles, but opportunities for it either expand or collapse depending on market conditions. The opportunities in the last few years had started shrinking, because everything was looking more and more expensive, whether you looked at price to book value, price to earnings, or asset values. But in the last two months, the value investing universe has expanded quite a bit. It started with the financial space, and now we find it percolating to other sectors as well.
