Upadhyaya feels monsoon progress until now has been above-normal despite some softening recently, which augurs well for many rural oriented businesses.
Cement is likely to benefit from consolidation in the sector, government spending and demand revival, said Harish Krishnan of Kotak Mutual Fund.
The 10-year government bond may continue to remain in the tight band of 6.45-6.65 percent
Would avoid chasing momentum but build a portfolio that has reasonable valuations, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
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.
We believe that duration funds have reasonable growth potential in the current market trend.
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
The reason, according to these funds, is to enhance cash levels and be ready to go for bottom fishing when market corrects further
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.
BJP’s victory in UP election has taken the Nifty index to an all-time high, however, mutual fund managers are cautiously approaching the market due to high valuations
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.