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Hear the Bengal Growling: Featuring Malabar Investments

A "boots on the ground" assessment of opportunities in India's evolving equity markets from Malabar Investments' Sumeet Nagar and Akshay Mansukhani.

In the February episode of the FEG Insight Bridge Podcast, Malabar Investments Advisors Sumeet Nagar and Akshay Mansukhani join FEG CIO Greg Dowling in an in-depth discussion. This month they analyze the differentiating quality of the Indian market versus other emerging markets and the importance - and benefit - of a comprehensive understanding of market liquidity. A history of entrepreneurial spirit, low-cost structure and an attractive mix of domestic and offshore capital have combined to make Indian private markets worthy of attention.

Tune in for this in-depth discussion of the opportunities and risks within India's evolving and growing private markets.

 

Key Takeaways:

  • Across public and private markets, reform and culture have created structural change and spurred growth and opportunity.
  • Often an outlier among broader Emerging Markets, domestic and international capital flows have increased in India along with GDP.
  • Oil prices remain an economic risk in India, but great progress has been made in reducing reliance by expanding use of renewable energy.
  • Local access, acumen and understanding remain essential to unlocking value and managing liquidity across markets and market capitalizations in India.




Episode Chapters
 0:00 Podcast Introduction
 0:29 Introduction to Sumeet Nagar and Akshay Mansukhani
 5:49 Genesis of the “Malabar” Name
 6:20 How India is Different Post COVID
8:20 Size of the Indian Stock Market
11:14 Considerations for Investing in India
 15:51 Reasons for an Indian-Specific Investment vs. EM Exposure or Index Fund
 19:18 Pricing Within the Indian Market
 23:11 Potential Liquidity Risks
26:00 Should Investors Expect More Volatility in India
28:22 Risks Facing the Indian Economy and Market
31:40 Perspectives on the Private Markets
35:24 With Potential Tariffs on China - What Does That Mean for India
37:16 Describe India Post-Modi
39:19 Educational Resources on India

Disclosures

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This information is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this presentation. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell any securities.

The information herein was obtained from various sources. FEG does not guarantee the accuracy or completeness of such information provided by third parties. The information in this presentation is given as of the date indicated and believed to be reliable. FEG assumes no obligation to update this information, or to advise on further developments relating to it.