Given the present earnings trajectory and an environment of global uncertainty, it’s best to hold on to some cash, says Aniruddha Naha - head of equities — PGIM India Mutual Fund. In an interview with Abhishek Kumar, Naha says sectors like financials, automobiles and capital goods are expected to do better in the coming quarters. Edited excerpts:
Most fund houses, including PGIM India MF, have been sitting on high cash reserves. Is further correction expected?
While inflows continue to come in, we have not gone ahead and deployed aggressively, leading to higher cash levels. The third quarter results indicate some