Insights on Budget 2024 and Market Triggers: An Interview with Anirudh Garg, Partner and Fund Manager at INVAsset, PMS

“Expert Anirudh Garg Shares Insights on Budget 2024 and Market Triggers for Investors”

Anirudh Garg, Partner and Fund Manager at INVAsset, PMS, recently shared his expert insights on the upcoming Budget 2024 and the potential triggers for the stock market and investors. Garg believes that while the Budget 2024 may not bring substantial changes for the market, it is essential to pay attention to any significant announcements that could impact investments.

In an interview with Mint, Garg highlighted the importance of last year’s Budget, which prioritized capital expenditure (capex) over popular measures to attract voters. He emphasized the significance of long-term investments in infrastructure and key sectors for India’s growth from a two trillion to a ten trillion-dollar economy.

Garg also discussed the triggers for the market in 2024, pointing to political events such as the General Elections and economic policies as key factors. He mentioned that while the market has already factored in certain events like the election results and the Federal Reserve’s stance on inflation and interest rates, any unexpected changes could still impact market performance.

Looking ahead to the potential returns in 2024, Garg noted that while the market may experience volatility, there could be opportunities for investors, especially in sectors like capex and interest rate sensitives. He advised a cautious and strategic approach to investment, focusing on opportunities during periods of uncertainty or market dips.

In conclusion, Garg shared his outlook on sectors to watch in 2024, including capex-driven industries like railways, power, and infrastructure, as well as interest rate sensitives like real estate, metals, and PSU banks. He emphasized the importance of diversification and risk management for investors navigating the Indian market in the coming year.

Overall, Garg’s expert insights provide valuable guidance for investors looking to navigate the market landscape in 2024 and make informed decisions based on the potential triggers and opportunities ahead.