In a move to declutter and rationalise mutual funds, Securities and Exchange Board of India (SEBI) sets 5 broad categories for mutual fund (MF) schemes. Also defines largecap, midcap and smallcap companies by market capitalisation. In an interview to CNBC-TV18, Nilesh Shah, Managing Director, Kotak Mahindra AMC shared his views and outlook on the same.
The Nifty50 rose to a fresh record high of 9,521 in morning trade on Wednesday, but many are still waiting for a slight dip as a lot of smart money is still waiting on sidelines, Nilesh Shah, MD, Kotak AMC said in an interview with CNBC-TV18.
The valuation of India markets look reasonable on a top-down basis but the valuations of individual stocks are super-expensive or fairly valued in most cases, Kotak Institutional Equities said in a report.
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.
Feel that pricing wars may escalate, which usually does not create much shareholder value. They expect further bloodbath as well.
Nilesh Shah expects DIIs to be net buyers of Rs 75,000 crore to Rs 1 lakh crore in calendar year 2017. He does not have a direct exposure to telecom due to pricing war which is going on.
Indian market galloped to fresh record highs earlier this week after BJP managed to clinch a majority in state election results especially Uttar Pradesh. A clean sweep would ensure a smooth transition of policy reforms of the government.
Sensex opened above 500 points, trading above 29,400 and Nifty hit a record high. Nilesh Shah of Envision Capital said that it is good that we don’t have a runaway rally and good if market consolidates around these levels.
Ajay Srivastava, CEO at Dimensions Consulting, is of the opinion that the rally that led to the 52-week high is purely due to liquidity in the market.
The buy back announced by Tata Consultancy Services is a very good start for the IT sector to return surplus cash to the investors, while also improving the return on earnings (RoE), says Nilesh Shah of Envision Capital.
In the special show â€˜Get Rich‘, watch Nilesh Shah, MD at Kotak Mahindra AMC speak about the stock markets and how to build a strong portfolio and become financially independent.
Nilesh Shah, MD & CEO, Envision Capital and Govindarajan Chellappa, MD & Head of India Research, Jefferies both believe the most watched for in the Budget 2017 would be the fiscal deficit number and more than just the number, it will be government‘s commitment to stick to the path of fiscal consolidation
Simultaneously, government should continue its focus on infra spending, rural housing and agri-based sectors like micro-irrigation because of the high multiplier effect of these sectors on economic growth.
Nifty could reach 9000 sooner than expected, said Ashwani Gujral of ashwanigujral.com. Stocks under demonetisation blue, in sectors like NBFCs and media, have come out and are likely to outperform.
With just 2 more years at the government‘s disposal to reinforce growth, Nilesh Shah, MD & CEO of Envision Capital hopes it does not stick to the path of fiscal consolidation in the upcoming Budget. It is worth taking the risk and providing incentives to bolster investment and consumption, he says in an interview to CNBC-TV18.
Speaking to CNBC-TV18 Nilesh Shah, Managing Director at Kotak Mahindra Asset Management, said he hopes the Budget to be good. He wants the FM to honour his word on fiscal discipline.
Emphasising on the need to ensure FII (foreign institutional investor) taxation continuity in FY18, Kotak Mahindra Asset Management‘s big gun Nilesh Shah has said the Finance Minister Arun Jaitley must "cast a magic spell" on the Union Budget 2017.
Speaking to CNBC-TV18 Nilesh Shah, Managing Director at Kotak Mahindra Asset Management, said that it is better to wait for results from the demonetistiaon move.
In an interview with CNBC-TV18, Nilesh Shah said that demonetisation as an event has maybe over nut its impact on quarterly earnings is yet to be seen.
Speaking to CNBC-TV18 Nilesh Shah, MD of Kotak Mahindra AMC, said that given the current situation it is better to be underweight on the NBFC sector. Shah stressed how we are in a pendulum market. With earnings uncertainty on the one side, prices could become weaker.
From a macro point of view, India today looks far more attractive vis-Ã -vis others - CAD is in comfort zone, inflation number looks stable. All these should ensure that the flows from FIIs, as well as local investors' continue, said Nilesh Shah, MD, Kotak Asset Management.
Nilesh Shah, MD, Kotak Mahindra AMC is confident that market will not move in a unidirectional manner but would remain volatile, adding that although he has not turned bearish on the market, he would focus more on ground realities.
Demonetisation seems to have been factored in from a price correction perspective, says Nilesh Shah, Managing Director at Kotak Mahindra AMC. However, he quickly adds that from a time correction point of view the market still needs more good news.
In this week's edition of Taking Stock, Nilesh Shah, MD, Kotak Mahindra AMC and Mitesh Thacker, miteshthacker.com deciphered this massive free fall in today's trading session and what key developments like the ban on Rs 500, Rs 1,000 notes and Donald Trump's Presidency holds in store for the market.