Speaking at the ET Alpha Wealth Summit, HSBC Mutual Fund CEO Kailash Kulkarni emphasized the importance of steady compounding in investments, noting that achieving a 12% return in the stock market is commendable.
His remarks come amid growing discussions on the impact of artificial intelligence on various sectors, including investments. Kulkarni highlighted that while India may not lead the global AI race, it has significant opportunities in manufacturing exports, aided by its network of 10-11 free trade agreements.
He stressed the need for adaptability among individuals and businesses to thrive amid technological disruptions. For retail investors, AI is not seen as a major threat but rather a tool to enhance access to information and informed decision-making.
“Getting a 12% return is a damn good job in the stock market.”
Kailash Kulkarni, CEO, HSBC Mutual Fund
Kulkarni reassured retail investors that AI could be beneficial by improving access to useful information, aiding them in making informed investment decisions.
India's strategic position in global supply chains, coupled with its growing network of free trade agreements, positions it well to capitalize on manufacturing exports. This development is crucial as companies look to diversify production beyond traditional hubs.
“What they need is more access to useful information. If AI can help provide that, it will be beneficial.”
Kailash Kulkarni, CEO, HSBC Mutual Fund
Background
India's strategic position in global supply chains and its expanding free trade agreements could bolster domestic manufacturing exports. This development is crucial as companies look to diversify production beyond traditional hubs.
Looking ahead, the focus will be on how India leverages its trade agreements and adapts to technological advancements to sustain economic growth. Investors and businesses should watch for policy developments and market trends that could impact these opportunities.
