Near-term headwinds verticals like IT are evident in both in earnings and stock prices, Anand Radhakrishnan, Chief Investment Officer, Equity, Franklin Templeton Investments told CNBC-TV18. He added that the situation doesn‘t look like companies in space are de-growing but relative comparisons with other sectors make investors wary.
According to Anand Radhakrishnan, chief investment officer, Franklin Templeton Asset Management (India) Pvt Ltd., the domestic auto sector is still positioned well for a cyclical recovery on the back of return of discretionary spending due to rising income, falling inflation and falling interest rates.
According to Radhakrishnan, domestic autos are still positioned for reasonable growth. He expects consolidation in the telecom sector and is unsure if IT companies will see any meaningful growth near term
Anand Radhakrishnan, CIO, Franklin Templeton says: "Clearly, there is a risk to global equity markets, but when it comes to India, the risks are much less today than what it was in 2008."
Domestic mutual fund inflows are triggering the ongoing midcap rally, but Harendra Kumar of Elara Capital warns that cracks are likely to emerge sooner than later and advises selling them on rally.
Radhakrishnan says there are enough stocks in the IT sector available at reasonable valuations. He is looking to increase allocation to the auto sector
Franklin Templeton Mutual Fund announces change in key personnel and fund manager with effect from February 28, 2014.
Anand Radhakrishnan, Sr. VP & Portfolio Manager at Franklin Equity is cautious on IT space, given the recent outperformance of the sector.
In an interview to CNBC-TV18, Radhakrishnan shares his favourite sectors and says the telecommunication space, too is likely to do well in the days to come.
With its good track record, this fund has managed to outperform its Benchmark- BSE Sensex across periods. According to financial advisor Arnav Pandya, this fund can form the core part of the portfolio of an investor.
Franklin Templeton Mutual Fund has announced change in fund manager under Franklin India High Growth Companies Fund with effect from July 9, 2012.
Superstar fund manager Sivasubramanian KN has helped one of India’s oldest fund houses give consistent returns. Now, he’s wants the next line of fund managers to take over