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Investing for long-term advisable on back of improving economic fundamentals, says Kotak PMS

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Investing for long-term advisable on back of improving economic fundamentals, says Kotak PMS

"Taking positions in the market for the short-term is like positioning for volatility in markets. One should focus on the long-term fundamentals and position in line with those," said Anshul Saigal, Head and Portfolio Manager, Kotak PMS.
"If one is of the view that fundamentals are weakening over the long-term, then it is time to cut down positions and sit on cash. But if one believes that they are improving, then it is time to invest big in market," Saigal said.
The house is of the view that the long-term fundamentals of this country are markedly improving, he said, adding that one is seeing acceleration in earnings and that is likely to continue. So one can position for the long-term and stay invested in these markets rather than get nervous with volatility.
With regards to earnings, he said expectation from the corporate banking space are very low and so room for disappointment is limited. In fact, there are multiple triggers that could play on the upside in many of these names, said Saigal.
He said, "Autos and related spaces are highly linked to economic activity and within that auto original equipment manufacturers (OEMs) and ancillaries are great plays for this economic activity improving."
"From within information technology space, one should look engineering companies that caters to automation and digitisation rather than information technology services," he added.
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