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We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
VIDEOS
Market

Investors need to be cautious from a near-term perspective, says UTI MF

Updated : April 23, 2019 12:58 PM IST

In the last six months, the market has risen more than 12 percent and with the event of election outcome still looming, one needs to be cautious in the near-term, said Sanjay Dongre, executive vice president and senior fund manager-equity, UTI Mutual Funds.

"However, the election outcomes do not matter as far as the long term return generation potential of the market is concerned. As always the market is a slave to earnings, which will deliver market returns," Dongre said.

“From a valuation perspective, the market is quoting 17.5 times one-year forward multiple compared to an average of 16 times for the last 10 years,” he said.

Sector-specific, he said 6-9 months back when the competition was intense the house had bought few aviation stocks and have so far generated good returns for their investors.

On banks, Dongre said there is still some steam left in the corporate-oriented private sector banks.
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