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Downside limited, but cautious on mkt; Q2 nos bad: Kotak MF

Harsha Upadhyaya, CIO-equity at Kotak Mutual Fund, says the second quarter numbers were disappointing, but a gradual recovery in earnings on account of a favourable base is likely

While the market is trading in a narrow range, the downside is limited, says Harsha Upadhyaya, CIO-equity at Kotak Mutual Fund. He advises investors to place bets where earnings growth is more visible than the overall market.

However, he is not investing aggressively at the moment and has a cautious stance on the market in the near-term. Upadhyaya says there is buying interest at lower levels and domestic institutions are getting good money, also EPFO money is getting invested.

According to him, the second quarter numbers were disappointing, but a gradual recovery in earnings on account of a favourable base is likely.

Upadhyaya believes the commentary from the IT space has been disappointing in the last few months on its commentary.

More to follow…

Q UTI was the only mutual fund for the period of:

  • 1984 to 1988
  • 1963 to 1988
  • 1964 to 1992
  • None of the above

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