News From Press Why Karan Bhagat of IIFL cut his exposure to equity

Why Karan Bhagat of IIFL cut his exposure to equity

Source: Mint May 19, 2022

Karan Bhagat, founder, managing director and chief executive officer, IIFL Wealth & Asset Management, is very conscious about price-to-earning and price-to-book multiples when it comes to equity in his investment portfolio. “Whenever the Price earnings ratio (P/E) is beyond 20-21 and price-to-book ratio (P/B) is above 3.6-3.7, I reduce my equity allocation to 30-25%," he said.

Source: Mint

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