Daily Voice | Kotak Mahindra Life focuses on banking, automobile, capital goods, stays cautious on IT, metals
If India is able to sustain growth above 6 percent through this decade, it will be the fastest growing large economy, Hemant Kanawala of Kotak Mahindra Life Insurance Company says in an interview to Moneycontrol.
Outlook on global growth is muted now as all the major economies are trying to remove the excesses created by extremely accommodative fiscal and monetary policy during Covid.
The senior executive vice-president and head of equity with more than 15 years of experience in fund management industry says their portfolios are focussed on India-oriented sectors like banking, automobile and capital goods. But they are worried about global growth and hence have cautious outlook on IT and metals.
Prior to Kotak Life Insurance, Kanawala was part of the fund management team at Kotak AMC, advising the offshore funds and at Kotak Securities managing PMS. Excerpts from the interview:
