Stay invested in equities, expect slow and steady upsides: Nandkumar Surti

In a chat with ET Now, Nandkumar Surti, MD & CEO, JPMorgan AMC, shares his views on how one should invest in the current market.

ET Now: What are the themes that you will recommend to your clients and how should one invest right now?

Nandkumar Surti: I will advise one to stay invested in equities. You can choose depending upon whether you are an investor with already an exposure to equities and then you can look at slightly more sophisticated products, but definitely, the first step towards investing in equities has to be taken at this point of time to benefit from the growth which the country is going to experience over the course of next three to five years.

ET Now: The focus is now going to be on what the Modi government delivers. What are the investors hoping for in terms of a time line?

Nandkumar Surti: Well, the markets would always want to see action. But we will have to be realistic. There are many mid-sized to large projects which are stuck at this point of time, either due to environmental clearance, land clearance or some raw material linkages.

If the government is able to identify 20, 30, 40 of these projects and kick start them over the course of the next six months to one year, that will send out a massively positive signal to the industrial community as well as the investor community.

So that is the first step which investors should look at. To expect miracles out of the government would be wrong, but there will be definite action on the part of government. If you expect slow and steady upsides, you will not be disappointed.