Prashant Khemka with Mint

Interviewee: Prashant Khemka

Interviewer: Mint

Subject: Why White Oak Capital’s Prashant Khemka Is Always FULLY Invested In Stock Markets Despite Volatility

Date: 28 December 2024

  • (My) money is always invested in the equity markets. I don’t remember investing in fixed income opportunities. 
  • I have resigned to the fact that markets cannot be timed; hence we are always fully invested.
  • The joy I get from investing is greater than the joy I would get from splurging.
  • We (his fund) are always fully invested in the stock market.
  • The biggest mistakes retail investors make are to time the markets and not allocate enough to equities. 
  • History shows that equity markets have always delivered the highest returns for passive investors.
  • For the next 12 months, equity return expectations should be low double digits annualized (10-11% pre tax). We should also temper our expectations on the consistency of returns (there will be volatility).
  • Slow economic growth for a couple of quarters does not mean that markets will do poorly.
  • Focus sectors are healthcare, IT, financials, consumption related and industrials (including defence).
  • I believe Trump’s win is a positive from the Indian equity market perspective.

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Disclaimer: The key points of the interview presented here are not a substitute to listening to the full interview. To get the interviewee’s holistic message requires listening to the entire interview.