Vaibhav Sanghavi

Vaibhav Sanghavi, managing director and fund manager at Ambit Investment Advisors, told NDTV Profit that although Q1 corporate earnings are disappointing so far, it will recover in the Q3 and Q4 on the back of a consumption recovery.

Local hedge funds are eager to show off double-digit returns in the hopes of drawing wealthy Indians and succeeding where overseas players including HSBC Holdings PLC have failed. Local market knowledge and the lack of foreign currency exposure will favour domestic funds, but it remains to be seen whether Indians would embrace new investment styles...

The Sensex edged lower on Monday due to caution over the US "fiscal cliff" talks, but ended 2012 with its best gains in three years as strong foreign inflows and the government's fiscal and economic reforms outweighed worries about the domestic economy.

Vaibhav Sanghavi, managing director and fund manager at Ambit Investment Advisors, told NDTV Profit that although Q1 corporate earnings are disappointing so far, it will recover in the Q3 and Q4 on the back of a consumption recovery.

Local hedge funds are eager to show off double-digit returns in the hopes of drawing wealthy Indians and succeeding where overseas players including HSBC Holdings PLC have failed. Local market knowledge and the lack of foreign currency exposure will favour domestic funds, but it remains to be seen whether Indians would embrace new investment styles...

The Sensex edged lower on Monday due to caution over the US "fiscal cliff" talks, but ended 2012 with its best gains in three years as strong foreign inflows and the government's fiscal and economic reforms outweighed worries about the domestic economy.