Sohum Asset Managers, which manages assets worth $16.47 million, flagged a potential market bottom as crude prices and US yields remain elevated.
Founder & CIO Sanjay Parekh said the Indian market is under pressure from multiple fronts: a steep rise in Brent crude, higher U.S. 10‑year yields, an oversupply of equity, and fresh insurance‑sector regulatory proposals. Yet he pointed to healthy household, corporate and banking balance sheets as reasons to stay bullish long‑term.
The firm’s portfolio currently holds around 18 large‑cap stocks across the Nifty universe, including Maruti Suzuki, Mahindra & Mahindra, Reliance Industries, Lenskart, Sun Pharma, Bajaj Finance, Shriram Finance, Bharti Airtel and Adani Ports. In the mid‑ and small‑cap segments, the approach remains selective, with a focus on valuation and a higher margin of safety.
Sohum Asset Managers bought NSE shares during the pre‑open session on its listing day, signalling confidence in the exchange’s structural strength over the next five to ten years. According to the firm, NSE could deliver 12‑15% long‑term growth, powered by its asset‑light business model and robust cash generation.