Veteran SIP investors not deterred by stagnant market: Kotak Mahindra's's Harsha Upadhyaya
Kotak Mahindra Bank is in focus in a mutual funds development.
· LiveMint Markets
Even after two years of range-bound markets and rising rates, seasoned SIP investors are staying the course. Harsha Upadhyaya, chief investment officer at Kotak Mahindra AMC, explains why long-term savers remain resilient, and how RBI's hawkish turn could reshape investor behaviour.
The analysis
Against that, the stock is -0.1% on the day at ₹447.40, and has returned +18.6% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -3.1% over the same period, so Kotak Mahindra Bank is running 21.7 points ahead of its peers.
For Kotak Mahindra Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is KOTAKBANK.
- Sector exposure: Banks.
In this story
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