Warren Buffett described the Mcap/GDP ratio as the single best measure of where valuations stand at any given moment.
On a long-term horizon, Krishnan says he is bullish on the auto, cement, oil and gas segments. He is especially positive on oil and gas as these sectors remain to be untouched by the demonetisation.
The alpha managers at Kotak Mutual Fund are bullish on sectors such as banking, consumer discretionary, cement and specialty chemicals. Not just that, they believe that the storm brewing at Tata Sons is unlikely to affect group companies' stocks in the medium-to-long term.
Recovery for the Indian economy is likely to be driven by consumption, and infrastructure and consumption as a theme can be played via auto ancillary and home building, says Harish Krishnan, Senior VP & Equity Fund Manager, Kotak Mahindra AMC
Domestic equity funds have infused inflows worth Rs 6,500 crore and the market is seeing sustained flows on the retail side, according to Harish Krishnan, Senior Vice-president and equity fund manager at Kotak Mutual Fund.
Pankaj Tiberwal said that he believes that cyclical recovery in the economy is underway and sees the midcap space as an exciting and wealth generating one over the next 3-5 years.
Kotak Mutual Fund launches Kotak India Growth Fund Series - II, a 3 years close ended equity schemes with objective to generate capital appreciation from a diversified portfolio of equity & equity related instruments across market capitalization and sectors.
Kotak Mutual Fund launches Kotak India Growth Fund Series - I, a 3 years close ended equity schemesthat aims to generate capital appreciation from a diversified portfolio of equity & equity related instruments across market capitalization and sectors.