From India’s perspective, Hemant, with experience of more than 15 years in fund management industry, says equities look attractive after 18 months of consolidation and valuation converging with long term averages.
He feels that the capital goods and defence sectors look promising on the back of government reforms, while IT will be dependent on the growth of the US and European markets
Hemant Kanawala of Kotak Mahindra Old Mutual Life Insurance believes the telecom sector will see intense competition as Reliance Jio intends to capture 20-25 percent of the revenue share in the next couple of years.
Hemant Kanawala, Head Of Equity at Kotak Mahindra Life Insurance expects no downside to the markets. Due to lack of any major triggers other than the Budget in the near-future, he does not see an upside to the market as well.
Post demonetisation the market was expecting an earnings growth of 15 percent for this fiscal, which has now been toned down and one can look at mid single digit growth for FY17, says Hemant Kanawala, Head of Equity at Kotak Life Insurance.
On the back of the recent deals made in the Indian space, asset quality of private banks are expected to improve in the coming days, but whether it is a widespread improvement for the whole banking space is yet to be seen, says Hemant Kanawala, Head of Equity at Kotak Life Insurance.
Hemant Kanawala, Head of Equity, Kotak Mahindra Old Mutual Life Insurance is bullish on the banking space and sees growth coming back to the sector in 2017.
In an interview to CNBC-TV18, Hemant Kanawala of Kotak Mahindra Insurance gives his expectations from the market. "We remain positive on the market because we see the macro data improving from here onwards," he says.
By Hemant Kanawala, Head of Equties, Kotak Mahindra Old Mutual Life Insurance