‘Sensex to touch 1,00,000 points by 2026 end’

Foreign investors are not currently considering India, as they are more focused on their risk allocation, according to Praveen Jagwani, CEO of UTI International. He tells Ananya Grover that the Sensex is likely to touch 100,000 by the end of 2026. Excerpts:

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Are foreign investors interested in India market?

The upside to the decision of investing in India is very little and downside is huge. India has been flat for the last one year. America’s market cap is 49% of the world but its weight in the MSCI All-Country World Index is 65%. Indices are supposed to be market-cap weighted, so in an ideal world, they should be 49% of the index, but they’re punching way above their weight. India's market cap is 4% of the world, our weight in the index is 2%. So, we’re punching way below our weight. Is the world investing at least 2% in us? No. They’re investing about 66 basis points. So, if you can say we are worth 4%, we’re being told we are 2%, but we’re being treated like 66 basis points.