DelhiDesk Helios Capital Management exited all its positions in the Indian IT sector in July, according to founder Samir Arora, who said the firm was able to distinguish between the IT story in India and that of the US. Arora’s Indian portfolio is made up of 40% Indian equities, 40% global equities, 10% gold and 10% debt. In dollar terms, the portfolio has delivered returns of 8-10% over the past year. Arora’s investment strategy focuses on financials, IT and consumers.
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👉 Arora’s investment strategy in IT and gold bore fruit over the last year.
👉 Arora completely exited all positions in the Indian IT sector in July.
👉 His investment portfolio comprises 40% Indian equities, 40% global (predominantly US) equities, and 10% each of gold and debt.
👉 Arora’s portfolio has delivered overall returns of 8-10% in dollar terms over the past one year.
👉 A bulk of Arora’s equity investments have been made through Helios’ own funds.
👉 The Indian fund shorts some stocks to hedge its position at times but remains net long.
👉 Arora believes that India should be a massive beneficiary of the China-plus-one play by the world.
👉 The global fund, which had cash-levels raised to 40% last year, has now been reduced to 22%.
👉 Arora completely exited Indian IT due to the sector’s inability to deal with the truth about facing a downturn.
👉 US tech plays have done well as a play on growth in AI, rather than due to sudden high growth in their current businesses.
👉 Arora bought gold due to interest rates being close to zero.
👉 Arora has shed nearly three kilos recently by reducing sugar intake.
👉 Arora feels stronger and can now play tennis non-stop for almost 90 minutes.
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