Use GST Bill passage to cut exposure to costly stocks: Saravana Kumar

Interview with Chief investment officer, LIC Mutual Fund

Markets have gained two per cent in the monsoon session of Parliament in the hope that the government will be able to secure approvals for the implementation of the Goods and Services Tax (GST) Bill. Saravana Kumar, chief investment officer, LIC Mutual Fund, tells Puneet Wadhwa that the markets expect the government’s reforms to result in higher earnings growth for India Inc. Edited excerpts:

Does the global equity rally have more steam left?

Continued expansive monitory policies have led to massive rallies in risky asset classes in search of returns. We believe a significant part of the capital