Agarwal, who has more than 12 years of experience, worked with Centrum Broking as Senior Vice President-Fund Manager. He has also been associated with Lehman Brothers and Barclays Wealth
At UTI Mutual Fund, Nambiar managed UTI Long Term Equity Fund, UTI Midcap Fund, UTI India Consumer Fund, UTI Long Term Advantage Fund, and UTI Focussed Equity Fund.
There is a structural issue in the IT space and the pain may take the time to go away.
Domestic liquidity flows into the equity market seemed to have bolstered valuations given that all other asset classes including reality, gold, fixed deposits all look relative unattractively placed.
It is going to be a volatile year and in the near term we are keeping an eye out for the Union Budget, Trump policies and the impact of Brexit. But India's macro fundamentals continue to look good, says Lalit Nambiar Fund Manager and Head of Research at UTI MF
Speaking to CNBC-TV18 Lalit Nambiar of UTI MF said that he is sticking with his portfolio. The broad thrust won‘t change because of what has happened, he said, referring to the demonetisation drive.
Speaking to CNBC-TV18, Lalit Nambiar of UTI MF said that India continues to stand out amongst the Asian pack on back of strong growth momentum.
Tough to put a timeline for new highs on Nifty but right now market is breathing a sigh of relief from the fact that US Federal Reserve kept rates unchanged, says Lalit Nambiar, Fund Manager and Head of Research at UTI MF.
The effects of an economic recovery will start showing in small domestic-facing companies well before large companies, says Lalit Nambiar, Fund Manager at UTI MF.
The GST bill, if it is cleared by the Parliament, should be seen as more of a statement from the government that it is focussing on regulatory reforms too, said Lalit Nambiar of UTI Mutual Fund.
Pharmaceutical companies are learning quite fast, and some of them have very strong management and track records, irrespective of what the USFDA's observations, Lalit Nambiar, EVP- Fund Manager & Head of Research, UTI Mutual Funds.
Lalit Nambiar of UTI MF advises investors to stay away from commodity stocks as there are too many moving parts and terms it as a 'global call'
Lalit Nambiar, Fund Manager at UTI MF. believes that the underlying growth story of India will prompt long-only foreign institutional funds, looking for good investment bets, to return here soon.
Lalit Nambiar, Fund Manager of UTI MF says IT space is likely to get positive tailwinds on the back of currency movement going forward.
The Indian market is expected to stay ranged till there are positive factors to drive it up, such as earnings or till the Fed rate hike is out of the way, says UTI MF Fund Manager and Head Research Lalit Nambiar.
Corrections like the one the market is currently undergoing are great opportunities for investors to buy stocks to make over a three-four year period, says Lalit Nambiar, fund manager with UTI Asset Management Company.
The PSB reform plan announced by the government is showing up in their share prices.
Lalit Nambiar, fund manager at UTI MF is of the view that one may prefer the pharma and IT space.
"We haven't seen anything on the ground in terms of earnings, even the earning season up ahead doesn't seem to tell us that it's time to go out and buy big time into some of the stocks, unless you have some specific stock ideas where there is a specific story," says Lalit Nambiar
Lalit Nambiar of UTI Mutual Fund is overweight on banks – prefers private banks over PSU banks – IT, pharma, cement and some of the export-focus companies.
Rather than playing the Budget nuances, investors might be better off playing the sectors that stand to gain from economic revival, says Lalit Nambiar of UTI Mutual Fund
Lalit Nambiar, Fund Manager at UTI Mutual Fund recommends staying invested in IT space.
On crude oil price fall, Lalit Nambiar, fund manager at UTI Mutual Fund says it is a good opportunity for India Inc. From a stock perspective, he adds that the oil price fall won‘t have a major impact considering it wasn‘t taken into account even six months ago.
As far as economic reforms are concerned, the ball is now in government's court and the Reserve Bank of India cannot do much except for taking care of the currency market, says Lalit Nambiar, SVP & Fund Manager Head-Research - UTI AMC.
UTI Mutual Fund has announced change in fund manager change under UTI-Contra and UTI Long Term Advantage Fund - Series I & II