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Jan 08, 2018 12:46 PM IST | Source: CNBC-TV18

2018 can be a year of consolidation: UTI MF

In an interview with CNBC-TV18, Ajay Tyagi, EVP & Fund Manager, UTI Mutual Fund discussed fundamentals of the market.

CNBC TV18 @moneycontrolcom

In an interview with CNBC-TV18, Ajay Tyagi, EVP & Fund Manager, UTI Mutual Fund discussed fundamentals of the market.

2018 could well be a year of consolidation, he said.

Over the last couple of years, the markets have moved up sharply basically expecting the economy to do well. there have been certain seminal changes and reforms led by the current government to enable earnings growth to come back, we will still have to wait for many of these things to pan out in terms of earnings growth for markets to move up further from here, he added.

According to him, we are possibly in a very good scenario and typically bad scenarios follow extremely cheery and good scenarios.

For full interview, watch accompanying video...
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