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In Conversation with Mr. Chirag Setalvad Analytics Table
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About In Conversation with Mr. Chirag Setalvad
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Is India really insulated from global shocks? Why has the mid and small cap story changed this year? And is the rally in gold and silver sustainable? Mr. Chirag Setalvad, Head Equities, unpack HDFC's latest market yearbook. In this conversation, they discuss: - The difference between fundamental risk and market risk — and how insulated India's economy really is from global events - The shift in India's growth story, from government-led capex toward consumption, and the policy measures behind it - How valuations in the mid and small cap segments have evolved over the past couple of years - The DII-over-FII holdings crossover — a shift in first for Indian equities — and what's driving foreign investor sentiment - The medium-term outlook on the rupee, tied to India's evolving inflation differential with the rest of the world - Perspective on the recent rally in gold and silver, and the fundamental and sentiment-driven factors behind it - The philosophy behind the team's approach to sector and stock selection — a bottom-up process backed by a 13-member research team with an average of 15 years' experience - Views on India's earnings growth trajectory and how return expectations are evolving as valuations shift To know more, visit hdfcfund.com or speak with your Mutual Fund Distributor/Financial Advisor. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Chapters: 00:00 Sneak Peek 00:46 Introduction 01:27 How Insulated Is India from Global Risks? 03:55 Is Domestic Consumption the Key Growth Theme? 05:48 Valuations Look Better: Is the Worst Behind Us? 10:01 IPO Boom: A Stock Picker’s Market? 12:17 Weaker FIIs, Stronger DIIs: Concern or Comfort? 16:02 Rupee and Dollar 17:40 Outlook for Earnings Growth 20:13 Is It Time to Reset Return Expectations from Equities? 22:34 Are Investors Over-Indexed to Gold and Silver? 27:02 Preferred Sectors for Medium-Term Positioning? 29:51 Budget 2026 Expectations 31:37 Decision Making: Team Based or Individualistic?
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