Nivesh Ka Funda: Trends in assembly elections results as per expectations, Kotak AMC's Nilesh Shah says; recommends investors to focus on portfolio

The current trends in the results of the assembly elections are in line with the expectations and anything otherwise would have resulted in the market correction, Nilesh Shah, Group President and Managing Director at Kotak AMC tells Zee Business Managing Editor Anil Singhvi.

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He said that the current results will also be a reflection of stability and continuity in the 2024 general election.

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He was also of the view that the voters are now more focused on development, growth and employment. This will also set the agenda for development among all the political parties and will provide political stability.    
   
He said that the domestic markets have been volatile due to the Russia Ukraine war, rise in crude oil and gold prices. However, his advice to investors is to focus on individual portfolio. He said this in a popular TV programme 'Nivesh Ka Funda'.
"It is not certain what will be the outcome of the war, also we do not know for how long the war will continue. Nevertheless, we must remember the fact that even after World War I and II, the markets have moved forward," Shah pointed out.

He further added, "Instead of concentrating on the outcome of the war and its impact, we should concentrate on our portfolios. If in case of war, there are corrections in the markets and the valuation becomes cheaper, then one should slowly increase one's equity allocation. And if you think the war is coming to an end, the markets are going up then the you can book some profits with the investments that you made earlier."

While speaking about the impact of the Uttar Pradesh Assembly results on the markets, Shah said, "The election results that are coming out that are more or less in line with the expectations of the markets. One benefit of these results is that there are greater chances of political stability and continuity in 2024 and this will boost the markets with confidence."

"For the last 30 years, I have observed that the investors who have done SIP and have not stopped it when the markets were volatile and did not even book profits when the markets were going high but only let it run, today, they have huge returns on their portfolios," he said about the mutual fund investments.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)