Wealth Maximizer (Karvy’s Top 10 Large-cap Picks) Nov 2015

We believe that equities will continue to outperform other asset classes like fixed income and commodities (Gold) in the long term. Hence, we advise to remain invested in equities with a long term perspective in good quality companies in a systematic manner. We expect Nifty to trade in the band of 7560-9720 in the coming 12-15 months implying a P/E band of 14-18x CY16E consensus EPS. Considering the brighter prospects in the long term and volatility in the short term we remain overweight on Consumers, Financials, Infrastructure, Automobile, Cement, Energy and Power

Wealth-Maximizer-Karvy-Nov-15