Edelweiss chief Radhika Gupta bullish on Indian stocks unfazed by prices

A record price-to-earnings valuation for Indian shares shouldn’t act as a deterrent for stock investors, according to Radhika Gupta, the head of Edelweiss Asset Management Ltd.
 

Gupta, the only female chief executive officer of a major asset manager in India, says it’s “risky to be underweight equities” at a time when local stocks remain “heavily” driven by liquidity. Her firm, which oversees 465 billion rupees ($6.3 billion) in assets, is putting its money to work: an Edelweiss balanced fund that invests in both stocks and bonds has boosted its equity allocation to about 75%, from just 30% in March.