Rising COVID cases and the related developments in Maharashtra have put brakes on the market rally. ANAND SHAH, head of portfolio management services and AIF investments at ICICI Prudential AMC tells Puneet Wadhwa in an interview that the impact on the economy and market of the development is likely to be well contained, unless the magnitude of the second wave is far bigger than the first one. Edited excerpts:
How should investors approach the stock market now? Where do you see investment worthy opportunities?
Market valuation is no longer cheap and the days of easy money are behind us. The current market conditions are optimal for an investor with a buy and hold approach, having an investment horizon of over