In an interview to CNBC-TV18, A Balasubramanain, Chairman at AMFI shared his readings and outlook on the market fundamentals. He also spoke about the AMFI Mutual Fund Summit.
Nilesh Shah of Kotak Mahindra AMC believes that the long term bullish story of the market remains intact and investors, if underweight on equities, could increase investments.
Would avoid chasing momentum but build a portfolio that has reasonable valuations, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
With systematic investment plans or SIPs -- adding Rs 5,000 crore per month, the industry is finally getting long-term money.
Anup Maheshwari of DSP BlackRock feels valuations are stretched, but earnings growth will help the market. He likes PSU banks as well as books will be in better shape in 12-18 months.
Harsha Upadhyaya of Kotak Mutual Fund believes that the pace of earnings recovery against inflows are slower. He likes consumer discretionary space and cements, and sees downside for IT.
Stock picking depends on balance sheet and cash flows, and not only earnings growth, says Pankaj Tibrewal, Senior VP & Equity Fund Manager, Kotak Mutual Fund.
The 7th of every month is Mutual Fund Day here at the CNBC-TV18 stable. In an interview to CNBC-TV18, Navneet Munot, CIO of SBI MF shared his views and outlook on financial health as well as his expectations from Reserve Bank of India (RBI) policy.
Earnings growth in the economy will pick up from FY18-19 onwards, says Anand Shah, Deputy CEO & CIO, BNP Paribas MF.
In the near term, the government will try to keep the impact of GST least disruptive as possible
Nagarajan recommends investors to look at short term bond funds for investments at this point and time.
S Krishna Kumar, CIO-Equity, Sundaram MF said that fund managers are moving away from high-quality high growth companies to cyclical growth companies.
ICICI Prudential Mutual Fund expects the liquidity in the banking system to remain ample which will further keep the spread between money market instruments and the overnight rate in remain range bound in the near to medium term
He feels, valuations are stretched in mid-. small- and micro-cap segment adding that he large cap valuations are still looking attractive
Monsoon will play a very vital role in the performance of companies which are agri focussed, Sunil Singhania, of Reliance Mutual Fund said in an interview to CNBC-TV18
In an interview to CNBC-TV18 Harsha Upadhyaya, CIO-Equities at Kotak Mutual Fund shared his reading and outlook on the market. He also spoke about the new banking regulation ordinance that the government has notified to resolve non-performing asset (NPA) issues.
RBI may have to go on a long pause till the month of March 2018
Edelweiss Mutual Fund is upbeat on private banks as he believes private banks will keep gaining share from PSUs
Sunil Subramaniam of Sundaram Mutual Fund also said that apart from the positivity, unplanned taxpayers rushing to invest before the financial year could have led to the surge in flows
Harsha Upadhyaya of Kotak Mutual Fund also cautioned investors on midcaps as they could be volatile in the near term. He also remained cautious on IT sector.
In an interview to CNBC-TV18, Anand Shah, CIO at BNP Paribas MF, spoke about his reading of the market and his outlook.
Fund house’s MD, Nilesh Shah, recommends that investors must invest in the market through SIPs as the time to make easy money is now over.
Pharma looks good from a valuation perspective and so the house is increasing its exposure to the space, said Ajay Tyagi of UTI Mutual Fund.
The broader market outperformed benchmark indices in the last 12 months, but largecaps are still better bets, explains Shah.
"We are not expecting any action on the rates from RBI, but there is a very strong case for RBI to at least address excess liquidity in the system", Amandeep Chopra, Group President and Head of Fixed Income at UTI MF told CNBC-TV18.