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Returns on stocks will be much better in 2020, says Harsha Upadhyaya of Kotak MF

Updated : December 26, 2019 11:07 AM IST

Broader market valuations were in favour of long-term investors, said Harsha Upadhyaya, CIO-equity at Kotak Mutual Fund. 
The  investors have to move out of some of the expensive stocks and get into the ones where there was valuation comfort and not much downside, he said.
According to him, only select IT and pharma stocks will remain good defensive bets in 2020.

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