In a chat with ET Now, Swati Kulkarni, Executive VP & Fund Manager, UTI Asset Management, says the India story remains intact

"Although I must admit that having a diversified exposure is a better strategy, I would still be overweight on autos at this point of time."

"India definitely can't function in isolation, but we do have some fundamental attractiveness such as higher GDP growth rate compared to ot...

"The monsoon’s progress will have to be watched. The Fed’s rate hike may not be too disruptive for the Indian equity market," Swati Kulkarn...

"One has to see that digitisation is a big opportunity and the capabilities have been, I would say, created at various levels, whether it i...

We are not unduly worried about the recent correction. In fact, we are utilising liquidity to build on position.

'The upgrade cycle could lead the market movements from two years down the line,' says Kulkarni.

"The Nifty might remain sideways before it gets a clue of the FY16 or FY17 earnings growth, but clearly, it is the market sentiment that pr...

"Just following a beta allocation approach could be risky, because high beta need not necessarily be good investment opportunities as such."

In terms of valuations, they are supportive. So the interest in the Indian market seems to have remained strong despite the global worries.

"Investors are finding IT to be a showing some resilience, as far as earnings growth is concerned, and hence, it is preferred at this point...

'From a long-term perspective, banking looks attractive, but that will clearly remain a volatile sector in the short term.'

The markets largely would remain range-bound. Therefore, at lower levels it becomes good opportunity to pick up stocks.

"I would have a diversified approach. There are expectations about the reforms, the rate cut and also the recovery in the economy", Swati K...

As the number of subscribers go up, they will have to go for more towers, so the opex will go up. And the spectrum allocation is likely to ...

In terms of contrarian bet, oil and gas has been a contrarian sector for quite sometime and valuations are also supportive. I guess that co...

ET Now catches up with Swati Kulkarni, Equity Fund Manager, UTI AMC on how the market environment looks ahead.