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.
Favourable economic scenario makes products like income, dynamic and gilt funds a reasonable bet once again.
Mahesh Patil of Birla Sun Life Asset Management Company said that results were better due to a few companies. He sees consumption to benefit on good monsoon, but GST could have an impact for one quarter.
Reserve Bank of India kept the key policy rate unchanged at 6.25 percent for the fourth time in a row.
We believe that duration funds have reasonable growth potential in the current market trend.
Tushar Pradhan of HSBC Global AMC said that it would be risky to not remain invested in this market. He feels earnings have surprised in Q4.
Interview with Miten Lathia - Fund Manager - Equities - HDFC Asset Management Co. Ltd
Atul Bhole of DSP Blackrock also said that he preferred corporate lenders as well as oil & gas, but was wary of ahead-of-fundamentals rally in real estate.
In terms of overall opportunity, consumption, automobile, domestic cyclical sectors like construction, cement, banks for that matter looks attractive for the fund house.
Mahesh Patil of Birla Sun Life Mutual Fund expects monsoon to bring in good news for consumer discretionary, staples and agro chemicals.
One must choose their investment vehicle depending on how far they have to reach.
Gold investors are advised to allocate primarily through the gold bonds and/or through Gold ETFs
Manish Gunwani of ICICI Prudential MF sees IT acquiring the characteristics of a utility stock, but remains overweight on pharma due to fading regulatory issues going forward.
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.
Mahesh Patil of Birla Sun Life AMC sees companies with good earnings visibility to be a key to the market and domestic-focussed ones will see a pick up in results. He prefers consumer discretionary, NBFCs and metals from a long term perspective.
S Krishna Kumar of Sundaram MF sees M&As to be spread across sectors, particularly on the financial side. He also sees auto ancillaries being a much larger sector ahead.
The regulator feels instant redemption is akin to a bank account dispensing money on demand.