ETMarkets Investors’ Guide: Markets in T20 mode; focus on asset allocation, says seasoned fund manager

As the domestic equity indices rule at all-time high levels, most analysts on Dalal Street are advising investors to ‘buy on dips’, as they see earnings revival around the corner. But the problem is, the market has not offered any such opportunity in the last two months. From 47,700 level in late April to a near-record high of 52,900-odd level, the BSE Sensex has in fact risen 11 per cent during this period. Amit Mudgill of ETMarkets.com talked to Harish Krishnan, EVP & Fund Manager (Equity), at Kotak Mahindra Asset Management Company, to try and make sense of market valuations, figure out the right portfolio strategy, and pick a few themes that may play out in the post-Covid market. LISTEN IN…

Welcome to the show, Sir:

If we look at Sensex and Nifty movements since May, the market has not really offered good ‘buy on dips’ opportunities. What should investors do?

An earnings rebound is on the cards. Do you think the consensus earnings estimate of 25-26 per cent growth over FY21-23 is achievable?

Assuming that the vaccination drive continues at a record pace, what would be your biggest sectoral bets for the post-Covid world?

Other than earnings recovery, what would be the other key triggers for the market in the next 12-18 months?

That’s it in this week’s edition of the special weekend podcast. Do come back next Saturday for this weekly special. You can check out our regular podcasts on the equity market twice every weekday.