Daily Voice | Sanjay Chawla of Baroda MF sees a stock-pickers market and not a broad-based index rally

Daily Voice | Sanjay Chawla of Baroda MF sees a stock-pickers market and not a broad-based index rally

It seems to be a busy year ahead for Sanjay Chawla, Chief Investment Officer and Fund Manager at Baroda Mutual Fund, with the events calendar for 2022 being dotted with a host of things to watch out for while drawing up the investment blueprint.

The Omicron Coronavirus and its impact on the economy top the list with the apprehensions of future mutations. The Fed pivot is important for the global economy, while back home, the upcoming Union Budget has started drawing the attention of financial experts. Monsoon is next in line to determine the pace of economic recovery.

Chawla takes special interest in monitoring the pace of digitisation and the progress of alternate fuel and carbon footprint reduction.

The markets have given above-average returns in anticipation of strong economic recovery that fuelled earnings growth. “We expect it to be a stock pickers market and not really a broad-based index rally,” the ace fiancé professional with more than 30 years of experience in fund management, equity research and management consultancy, shares with Moneycontrol in an interview. Excerpts from the interaction:

The market has given 23-25 percent return this year. Do you think the trend will continue in 2022?

In the last 10 years,