Hedge fund names 3 'big picture' investment themes to ride out the volatility from India's Covid resurgence

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Hedge fund names 3 investment themes to ride out the volatility from India's Covid resurgence

India's Covid-19 cases are rising again but the market impact is expected to be limited as investors have some visibility over the longer term, Helios Capital's Samir Arora told CNBC on Monday.

Arora, who is founder and fund manager at the Singapore-based hedge fund, said that investor confidence is coming from the fact that reinfection among those who are getting vaccinated against the disease is very low. "I think this will not have a serious market impact, only because the end, otherwise, is quite visible," he said on CNBC's ""Although we are seeing second wave, third wave cases around the world, nobody is really reporting that the people who have got fully vaccinated are having a large number of cases, or that those cases end up in hospitals," Arora added.

Arora, whose fund invests in India, explained that there are three big picture investment themes that have worked well in the country over the years regardless of short-term market conditions. "These big picture themes are the main backbone of the fund and then you may have smaller companies or, sometimes, outside these themes, to play what is currently happening," he said. Still, the big picture themes "have been there for a long time," Arora added.Private sector banks in India have over time taken market share from their state-owned counterparts, serving a market where a large number of people are underbanked and underfinanced, Arora explained.

 

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