If overweight, time to book profits says Nilesh Shah of Kotak Mahindra AMC

Nilesh Shah, Managing Director, Kotak Mahindra AMC in an interview to CNBC-TV18 shared the investing rationale of AMCs. He said he would be willing to buy in this market but at a price.

He said, their advice to customers is, "if your are overweight then time to book profit, if you are neutral weight continue your SIP and if you are underweight, then do systematic transfer rather than lump sum."

According to him, the current correction in market has not yet led to fear of selling amongst unit holders, adding that the unit holders have now become quite mature.

When asked why mutual funds were not seen buying in current fall, he said one of the reason could be because IPO supply emerging and if that is cheaper than secandary market then that would be bought.