May 22, 2018

Shankar Sharma: Investing in India is like joining the madia

You can only enter, you can never exit. When things are good you get exit but when things are bad, the stock will be ‘limit-down’ for a few days.

'The market is one of illusionary liquidity. You have to factor that in your return expectation.'

With Karnataka election results out of the way and as several key states, including Madhya Pradesh and Rajasthan, prepare for assembly polls later this year ahead of the 2019 general election, Shankar Sharma, vice-chairman and joint managing director, First Global, advises investors to ignore all the noise around the elections.

In an uncharacteristically bullish tone, he tells Sachin Mampatta and Samie Modak why investors should buy if the market falls, why a coalition government is not the end of the world and how investing in India can be like joining the mafia. Edited excerpts:


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