However, Kotak MF remains constructive on markets and corrections are likely to remain short-lived, said CIO Harsha Upadhyaya,
Kotak Emerging Equity Scheme announces Dividend, the record date for declaration of dividend is May 26, 2017
With government focus on affordable housing, a lot of ancillary industry to housing like the pain, tiles, cables etc will do well, said Pankaj Tibrewal, Senior VP & Equity Fund. Manager, Kotak Mutual Fund
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.
Gold investors are advised to allocate primarily through the gold bonds and/or through Gold ETFs
Harsha Upadhyaya of Kotak Mutual Fund is upbeat on the market and asserted that the fund house stayed invested in it despite DII selling. He believes earnings growth have improved and will continue the trend in March as well.
Warren Buffett described the Mcap/GDP ratio as the single best measure of where valuations stand at any given moment.
Indian market galloped to fresh record highs earlier this week after BJP managed to clinch a majority in state election results especially Uttar Pradesh. A clean sweep would ensure a smooth transition of policy reforms of the government.
Domestic liquidity is unlikely to dry up any time soon and that could limit market downside, says Harsha Upadhyaya, CIO Equity at Kotak Mutual Fund.
Kotak Mutual Fund is bullish on automobiles, cement and oil & gas companies, the fund‘s Chief Investment Officer-Equity, Harsha Upadhyaya told Moneycontrol.
In an interview to CNBC-TV18‘s Manisha Gupta, Anil Ghelani, Senior VP at DSP BlackRock Investment Managers and Deepak Gupta, VP & Fund Manager-Equities at Kotak Mutual Fund compared gold exchange-traded funds (ETF), jewellery companies and other investment options and also spoke on whether investors should move their money to gold funds.
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.
Acknowledging that it is tough to comment on FY17 earnings growth for India Inc, Harsha Upadhyaya, CIO at Kotak MF, said businesses will see a double-digit earnings growth in FY18.
Going forward midcaps are likely to outperform the benchmarks and one can play the construction, pipes, agro-chemical only through midcaps investments, said Pankaj Tibrewal, Fund Manager, Kotak Mutual Fund.
The near-term impact of government‘s demonetisation move is difficult to assess and can‘t determine whether the market has hit bottom, Harsha Upadhyaya, CIO-Equity of Kotak Mutual Fund told CNBC-TV18.
Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund says its best to avoid any activity in the Tata stocks for now. Investors should reconsider their position in the stocks only if the Tata-Mistry conflict lingers on for very long.
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.
Speaking to CNBC-TV18 Harsha Upadhyaya of Kotak Mutual Fund said that issues in the IT sector won‘t go away soon. â€œOverall the sector is under pressure; growth and pricing are under pressure. We believe structural issues need to be addressed.â€
In an interview with CNBC-TV18, Harsha Upadhyaya of Kotak Mutual Fund said that investors looking to put money into equity should be ready to withstand intermittent volatility.
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.
In an interview with CNBC-TV18, Pankaj Tibrewal, Fund Manager with Kotak Asset Management Company, explained why it makes sense to invest in companies that benefit from rise in discretionary and government spending, and said that sound stocks should be held in spite of seemingly rich valuations.
With good monsoon, focus is now more on domestic oriented businesses than exports, says Harsha Upadhyaya of Kotak Mutual Fund. The fund house has increased its exposure to rural plays in last 3-4 months, he adds.