Due to the ongoing war between Russia and Ukraine, markets around the world have been shaken. On Thursday 24 February, there was a strong fall in the Indian markets. Some people were scared in this fall, while some smart fund managers saw it as a great buying opportunity. In yesterday’s fall, Nilesh Shah, MD & CEO of KOTAK MAHINDRA AMC also made a strong trade in the market. In an exclusive conversation with CNBC-Awaaz today, he said that yesterday’s slump saw a tremendous buy in his fund and every major fall in the market is a great opportunity to build portfolio. He also thanked the investors who continued the SIP.
Big fall buying opportunity, bought fiercely in yesterday’s fall
Nilesh told CNBC-Awaaz that sometimes due to some developments, there is a big fall in the market. On which I believe that every major fall also brings a buying opportunity. Yesterday also we saw a similar decline and our fund has bought heavily in yesterday’s downtrend. He did not disclose in which shares he has bought, but he did throw light on the sectors.
Midcap IT valuations a bit expensive
He said that in yesterday’s fall, we bought Balanced Advantage Fund. Our fund has bought largecap, midcap, smallcap stocks. In yesterday’s purchase, we bought banking, financial, capital goods shares. Large cap IT, Pharma have also bet in these stocks due to the expectation of good returns. Apart from this, we also have a bullish view on select midcap IT stocks. Though midcap IT valuations are a bit expensive. Valuations of many good companies are expensive.
Market’s great return after yesterday’s sharp fall, know the range of writers for next week’s monthly expiry
Investment mantra for young investors
Describing the investment mantra for young investors in this conversation, Nilesh Shah said that investors in the age group of 20-25 who want to invest in the stock market from the perspective of 20 to 25 years should focus on midcap, smallcap. However, they can invest a little in largecaps as well. It is advisable for them to invest in focused equities. Also, increase your investment in future as your salary increases. Apart from this, he thanked the investors who continued SIP during the bad times during yesterday’s fall. Let us tell you that at present more than 3 crore investors are investing in MFs.
Invest in housing finance in select pharma stocks and corrections
MD & CEO of KOTAK MAHINDRA AMC said that there is a good opportunity to invest in pharma stocks. I believe the opportunity has come to buy select pharma stocks. at this time we
Pharma stocks are bullish. Apart from this, the phase of consolidation in housing finance is going on. So invest in housing finance in the correction.
Difficult to guess the bottom in the market, slowly invest money in the market in the fall
Nilesh is very positive on India’s growth story, he said that India’s growth story is strong. Anyway the market is near fair value except for a few stocks. However, estimating the bottom in the market is a difficult task for any fund manager. But one should keep investing at correction and attractive valuations. Instead of investing money immediately on corrections in the market, invest slowly in the market in a downtrend.
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Crores of investors will enter the market through LIC IPO
Giving his opinion on LIC IPO, he said that this is a very big IPO of the government. Crores of investors will join its market. LIC has reach all over the country. LIC has lakhs of agents and crores of policyholders. Therefore, the eyes of the market are on this IPO.
While talking to CNBC-Awaaz, Nilesh Shah also spoke on Russia-Ukraine crisis. He said that due to this moderation in commodity prices is possible this year. The supply pressure in the commodity may end soon. However, short-term volatility is possible due to the Ukraine crisis.
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