WESTMINSTER ASSET MANAGEMENT

I think the underlying India story still looks very strong and so that yes, it is at the moment just the market is probably vulnerable to a bit of profit taking in the very short term.

Jonathan Schiessl discusses the focus on FMCG sector by foreign investors in India and the potential in private sector banking despite challenges post-HDFC merger. He suggests exploring undervalued sectors like IT and exercising caution in real esta...

Jonathan Schiessl discusses the overdue correction in mid and smallcaps, the regulatory concerns about frothy valuations, the importance of caution when investing in companies facing regulatory issues, and the challenges and opportunities in India's...

The relentless selloff in India may be influenced by the situation in China, where there are rumors of further attempts to support their domestic stock markets. Some foreign investors may be tempted to switch their investments from India to the over...

“We still very much like the financial space, the banks. Again, some of the foreign investors cannot trade in the domestic market. They have to trade in the ADR market overseas and you can buy Indian banks there, private sector banks, which are a gr...

“If cricket franchises were to list, we would have to understand the business models. Are they profitable? Sports franchises listed elsewhere often burn a lot of cash. It is an interesting sector, but one would probably need to understand the financ...

“In the PSU sector, there is always a risk of divestments or other sort of factors at play. So generally, we shy a little bit away from them. But I think, you know, as we all know, when the market trades at reasonably punchy valuation, people do sta...

“We still continue to look at the slight laggards. Some of the private sector banks, you know, have not done anything near as good as a lot of the other sectors. And that is still a very interesting area for us. That is probably where we still have ...

ITC is an interesting company and we have seen some restructuring moves finally happening. ITC's core business still continues to be tobacco. And obviously, that has some issues for some investors. But if they carry on on the restructuring of the bu...

"For an outside investor, Indian financials are a very good way of playing the broader Indian story if you like because banks have their fingers in pretty much every part of the economy. There will be short-term ups and downs but I think Indian fina...

India remains well positioned in the longer term, despite the short-term risk of capital outflows prompted by investors wishing to lock in gains, according to Jonathan Schiessl, deputy CIO of Westminster Asset Management. Schiessl believes that whil...

I was looking at some data which is that if you look at the last 12 months or even last 24 months of net FII activity to India, it is negative. Now India has become the toast of the town.

Indian markets are becoming attractive after a dip in performance compared to other emerging markets, says Jonathan Schiessl, Deputy CIO of Westminster Asset Management. IT stocks have held up and the broader market is now undervalued, particularly ...

"India has is you have a very conservative central bank and whilst it is quite difficult for a lot all the Indian banks to operate under that environment, they are used to it. From an investor perspective, bank stocks are extremely conservative and ...

"India has received a bit of bad press and it has sort of come from the whole Adani affair but underlying India remains a very attractive market with good companies with very attractive growth rates coming through for the foreseeable future. The Chi...

“We have held a reasonable weight to this sector to keep a balanced portfolio. The expectations were not that high and obviously the numbers are probably coming through better than expected. So yes, we like this space and continue to have good holdi...

“The valuations in the FMCG sector have been very high traditionally and it is no surprise to see very high multiples. There is a structural growth story for many years ahead. So this sector is doing well today but if we see some sort of leadership ...

“Plenty of times in the past India has seen a sort of decoupling from what goes on elsewhere, but in periods of intense stress, we tend to find that the decoupling rapidly goes away and correlation goes back up. But certainly for the time being, Ind...

“Foreigners have been buying this market and have periods of selling the market as well but one of the other big positives for India is the increasingly large domestic buying. If developed markets go another notch lower, then it is unlikely that Ind...