The recent pullback in the market can hardly be called a correction and valuations remain high, says Harsha Upadhyaya, chief investment officer - equity, president, Kotak Mahindra Asset Management Company. In an interview with Chirag Madia, Upadhyaya says investors should use volatility to build a long-term portfolio.
Edited excerpts: Have valuations turned attractive after the latest pullback? Domestic equities have seen more time correction than value correction in the last few weeks. Earnings estimates for financial year 2021-22 (FY22) and FY23 have remained broadly unchanged, ...
