Harish Krishnan, Senior VP and Equity Fund Manager of Kotak Mutual Fund, is overweight on capital goods, corporate banks and cement but is underweight on consumption and export on the back of signs of a possible demand slowdown.
In an interview with CNBC-TV18, Krishnan said whatever is the election outcome, as long as there is a stable government that can last for the next five years, the market should be reasonably relieved.
"Whoever comes to power in May, things on the ground require some serious heavy lifting. There are 2-3 big issues that require urgent attention. There is a slowdown in consumption, interest rates need to come down and idiosyncratic events - be it on NBFC side, powers side and aviation - require urgent attention," he said.