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The Equity Market Stays Positive And Is Expected To Do Better In 2019

Kotak Mutual Fund stays positive with respect to the equity market in India for the year 2018 and expect a better outcome in 2019

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Crude oil, currency and interest rates have turned favourable while representatives of Kotak Mutual Fund in a select media briefing talk about the growth opportunities in the Indian equity market. The supply chain market is a big opportunity and can lead to the creation of the manufacturing industry in India. The temporary challenges in the market currently depend on the government while it will regain stability in 2019. 

The Non-Banking Financial Companies gradually see an improvement while the tariff war has subsided temporarily. The presentation at the briefing also spoke about the percentage of NIFTY which comprises of 16%. The strategy for investments in the current scenario depends on the patience of the investors while they can invest and forget about the returns and wait till they receive a hike or through asset allocation they could see a growth. 

In the immediate term, the market is likely to be dependent on the developing political scenarios and global cues. The mid and small-sized cap segments are offering a better risk-reward and near-term volatility to be used for long-term portfolio construction. The outlook for 2019 according to the representatives at Kotak Mutual Funds is that commodities like gas, cement, capital goods, private banks, and overweight engineering are going to have a brighter future in India. However, investors must also keep their hopes high for the equity market and suggest to continue investments in SIP. 

The year 2019 should be better from a bond market perspective and credit risk funds is the area which will attract many investors. Manufacturing has gained a huge importance due to international tariff wars and initiatives like Make in India by the government. The ports have been far more efficient in exporting goods and services from India to other parts of the world. More importantly from a consumer-driven market, the equity market will see a rise in manufacturing. The reports were presented by Nilesh Shah, MD, Kotak Mutual Fund, Harsha Upadhyaya, Chief Investment Officer (Equity), Kotak Mutual Fund and Lakshmi Iyer, Chief Investment Officer (Debt), Kotak Mutual Fund. Information presented at the briefing was sourced from Bloomberg.  

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