Kalpen Parekh named successor of Naganath who leaves the fund house after 15 years.
The combination of factors such as passage of Goods and Services Tax, implementation of Seventh Pay Commission, besides a good monsoon and the central bank cutting rates is likely to trigger earnings recovery for companies going ahead, according to Gautam Trivedi, Managing Director and Chief Executive of Religare Capital Markets.
In an interview with CNBC-TV18, S Naganath, President and Chief Investment Officer, DSP BlackRock Investment Management, said that investors should buy into any correction that takes place as a strong pick-up in earnings trajectory expected for FY18 and FY19 makes them attractive from a two-three year perspective.
Indian markets will not be significantly impacted because of improving macro-economic conditions, says S Naganath, President and CIO, DSP Blackrock Investment Managers.
According to the DSP BlackRock India Investor Pulse Survey, whose findings were released here today, investors in the country appreciate the growth potential and value creation from equities, including mutual funds. However, they still like the perceived assurance from traditional asset classes
Stocks are currently finding favour with investors but if the performance sustains for several years, investors would do well to exercise caution, the country's top mutual fund managers -- wary of seeing a 2008 repeat -- say.
S Naganath, president and CIO of DSP BlackRock Investment Managers, expects to see further selling if the government does not clear the confusion over the tax residency certificate soon.
S Naganath, President & CIO at DSP BlackRock believes the Eurozone crisis has subsided for the moment. However, he feels the crisis could rear its ugly head later this year, leading to higher volatility.
S Naganath of DSP Black Rock Investment Managers expects the Reserve Bank of India (RBI) to cut rates in its January policy and not before that.
Asset management firm DSP BlackRock Investment Managers today launched an agriculture fund, DSP BlackRock World Agriculture Fund, which is an an open-ended fund of funds scheme.