Reforms compelled investors to look at India afresh, says Vaibhav Sanghavi

While the MSCI rebalancing is done with, the dollar continues its downward streak, leading to a weak Dollar Index. This in all likelihood may continue to attract FPI inflows, says Sanghavi

With the market at an all-time high, VAIBHAV SANGHAVI, co-chief executive officer, Avendus Capital Public Markets Alternate Strategies, tells Puneet Wadhwa in an interview the expansion of valuations may lead to an intermediate market correction, which can be short, swift and sharp. Such dips, he says, will be a good opportunity for an investor looking to enter or increase allocation. Edited excerpts:

Can the markets undergo a time-wise/price-wise correction now?

Predicting 2021 would be hazardous without putting in caveats for any potential disruptive event, like Covid-19 in 2020. That said, we may be at the start of an upcycle for growth in