We are positive in the IT sector as digitization and outsourcing gained strong traction in recent quarters. Indian IT companies have gained scale, global reach, and competence to capitalizing on these opportunities, says Ravuri.
Ravuri is also positive on sectors such as IT, healthcare and industrials
We believe investors have become wiser from last year’s experience and are not panic selling. In the short run, markets are driven by liquidity and sentiment, said Ravuri.
HDFC Mutual Fund launches HDFC Focused Equity Fund - Plan B, a close ended equity scheme investing in that aims to generate long term capital appreciation from a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity Savings Scheme.
HDFC Mutual Fund launches HDFC Focused Equity Fund, a close ended equity scheme, with the objective to generate long term capital appreciation from a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity Savings Scheme.
Srinivas Rao Ravuri, HDFC MF. says the upside in oil and gas space and deregulation of petrol prices have benefited the oil marketing companies (OMCs). They prefer OMCs over upstream companies.
Srinivas Rao Ravuri, Senior Fund Manager - Equities, HDFC Mutual Fund feels the short term outlook for the markets are challenging. He expects further disappointment in the first quarter earnings and the muted earnings growth remains a key risk for markets, believes Ravuri. However, he is optimistic about earnings growth picking up in FY14.