Siddharth Mehta, former ILFS director suggests investors to use Dip to buy high rates to stay in the market for long term
Siddharth Mehta IL&FS is an India-focused investor who is highly focused on investing in publicly traded companies in India. Recently he gave his opinion on the US federation raising the rate from 150 to 200 bps. “It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year,” Mehta stated. He has a very strong intuition about the investment strategy that he shares with all investors globally, “to reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years,” Siddharth Mehta stated in an interview with Economic Times. Since the beginning of the year, there has been significant volatility in the global financial markets, which has been primarily caused by the Fed's actions and statements regarding the removal of liquidity from the financial system and a steeper increase in interest rates than initially anticipated. It is now a guarantee that US intere...
