Kotak AMC's Harsha Upadhyaya Highlights Defence Sector Amid Market Volatility
Kotak AMC's Harsha Upadhyaya Picks Safest Sectoral Bet Amid Iran War Volatility
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Harsha Upadhyaya, Chief Investment Officer of Kotak Mahindra Asset Management Company, emphasizes the importance of stock selection during the current market volatility influenced by the Iran War. He identifies the defence sector as a reliable investment amid geopolitical tensions, while also suggesting a diversified portfolio approach for long-term investors.
- 01Harsha Upadhyaya highlights the importance of capitalizing on lower valuations in the current market.
- 02Domestic retail investors continue to show confidence in Indian equities despite volatility.
- 03The defence sector is viewed as a safe investment amid ongoing geopolitical tensions.
- 04Other sectors may rebound quickly once geopolitical tensions ease.
- 05A diversified investment strategy is recommended to mitigate risks.
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In light of the ongoing Iran War and its impact on Indian markets, Harsha Upadhyaya, Chief Investment Officer of Kotak Mahindra Asset Management Company, stresses the significance of stock selection. He notes that with valuations returning to lower levels, it is crucial for investors to capitalize on these opportunities to build a diversified portfolio. Upadhyaya observes that domestic retail investors have remained active in the equity market, indicating their continued faith in Indian equities. He identifies the defence sector as the most reliable investment option, as it is expected to maintain demand despite global uncertainties. Upadhyaya also points out potential recovery in sectors like oil marketing, aviation, and chemicals, which could bounce back rapidly if geopolitical tensions subside. However, he advises against concentrating investments in a single sector and recommends a diversified approach to navigate the current market landscape effectively.
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Investors in India may find opportunities in the defence sector while remaining cautious about geopolitical risks. A diversified portfolio approach could help mitigate potential losses from market volatility.
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