Investors should become more selective on mid-caps now: Andrew Holland

Q&A with Andrew Holland, chief executive officer of Avendus Capital Alternate Strategies

With the frontline indices ruling near all-time high, ANDREW HOLLAND, chief executive officer of Avendus Capital Alternate Strategies, shares his concerns about the markets from a short-term perspective. The ‘buy on dips’ strategy of domestic investors will be tested on a serious market correction, he tells Puneet Wadhwa. Edited excerpts:

What is your market outlook for Samvat 2074? 

I am concerned from a short-term perspective. If I think about the monetary policy tightening by the US Federal Reserve, given the recent inflation data, a rate hike is possible in December. Besides, there is balance sheet tightening in the works. Given