Karan Doshi, the chief investment officer of LIC Mutual Fund, who believes that the current market offers a great accumulation opportunity. He says that concerns over the IT sector are overblown and that there are still many good companies to invest in.
Doshi points out that the Indian market is still relatively cheap compared to other developed markets. He also says that the economy is doing well and that corporate earnings are expected to grow in the coming quarters.
Doshi recommends investors to focus on companies with strong fundamentals and good growth prospects. He also says that investors should not be afraid to invest in beaten-down sectors, such as IT.
Here are some of the key points from the article:
The current market offers a great accumulation opportunity.
Concerns over the IT sector are overblown.
There are still many good companies to invest in.
The Indian market is still relatively cheap compared to other developed markets.
The economy is doing well and corporate earnings are expected to grow in the coming quarters.
Investors should focus on companies with strong fundamentals and good growth prospects.
Investors should not be afraid to invest in beaten-down sectors.
Read full article : Current market offers a great accumulation opportunity; concerns over IT sector overblown, says Karan Doshi of LIC MF | Mint