The current market rally has been really fast and furious but the potential risks are not behind us and this market remains open for risks, said Taher Badshah, CIO, Invesco Mutual Fund in an interview with ET Now.
Badshah said risks such as inflation can always come back to roil the market sentiment.
"This is a market which is now open to risk. Maybe a couple of months ago, we had relatively lesser downside but risk reward is relatively more balanced at this stage and all the risks potentially are not behind us," Badshah said.
Badshah said that value stocks are likely to work going ahead.
"I do not really think there are immediate triggers but clearly value strategies wherein we have a play, we are somewhat inclined to gradually nibble into some of those spaces which have not done well as part of the general rotational feature which has been around in the market for some time," he said.
He added that the technology and commodities sectors can be ideal for those who have a longer investment horizon of 12 to 18 odd months. Besides, domestic themes, which have worked well, can continue to work.
"In sectors like technology and commodities to some extent, we do not need a foolproof case at this stage. Global data is still pretty mixed but one can make a value case and if one has a somewhat longer horizon of 12 to 18 odd months, those sectors can work. On the other hand, some of the domestic sectors which have done well could have some more momentum," he told ET Now.
Disclaimer: This article is based on an ET Now interview published by economictimes.com. The views are those of the analyst and not of MintGenie.
