Daily Voice | Harish Krishnan of Kotak AMC overweight on 4 themes for portfolio allocation

Daily Voice | Harish Krishnan of Kotak AMC overweight on 4 themes for portfolio allocation

Harish Krishnan, Fund Manager – Equity at Kotak Mahindra Asset Management Company says events like state elections, global interest rate trajectories and growth impulse slowing down from China may impact markets in the near term.

Krishnan has more than a decade of experience in equity research and fund management.

Keeping long-term view, Kotak AMC is overweight on four themes - financialisation of savings, turning of investment cycle, revenge consumption and global value chains.

Edited excerpts:

Q: You think RBI would hint at a rate hike in its December policy meeting given the rising expectations of a rate hike in the US?

Central banks have multiple tools – rates, liquidity and other parameters nudging banks to lend, etc. While central banks across the world last year were unanimous in their support to both liquidity and lower interest rates, over the last 6-9 months, the global central banks are diverging in their policy responses on liquidity and rates.

RBI also has been draining liquidity in past few policy meetings, and while inflation has been strong in the recent month, globally and India, we think RBI may want to continue to support the growth objective of the economy.

Q: What is your broad expectations for Q2FY22 GDP, scheduled to