The fact that our equity markets will underperformance the US markets for this year is more or less given, says the Founder and fund manager, Helios Capital.
Samir Arora: If I look at what is happening in the world vs our markets, we are underperforming. Do you think the underperformance is here to stay and it is real? 

 Yes it here to stay and it is real. The fact that our equity markets will underperform the US market for this year is more or less given. It is widely expected and reasonably so. One reason for the market per see is that we do not seem to have clear beneficiaries of this problem unlike the US where you could say Amazon is beneficiary, Netflix is a beneficiary, Google may be a beneficiary or some pharma companies which are finding COVID- related issues are clear beneficiaries. Even gaming companies or zoom.

 India does not seem to have clear beneficiaries, maybe Bharti airtel and a little bit of Reliance. For the rest we are only looking at what is badly affected. We do not have that breadth or companies which are benefitting from this.