Expecting daily positive moves in stock market is unreasonable: Parekh

Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview

It has been an uphill task for the frontline indices to cling on to the higher levels amid domestic and global developments. KALPEN PAREKH, MD and CEO of DSP Mutual Fund, tells Puneet Wadhwa in an email interview that for very long-term investors, it has been best to not make any changes in their  mutual fund portfolio just because of changes in macro factors. Edited excerpts:

Lok Sabha 2024 elections have triggered market volatility. How are your fund managers navigating this uncertain phase?

We must recognise the natural order of prices is to fluctuate always and expecting daily positive moves