Indian Media, Technology Shares Favored by Kotak Insurance Unit
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Indian software, media and health-care companies are likely to deliver the best returns among the nation’s stocks in the next 15 months as spending increases, according to billionaire Uday Kotak’s insurance venture.
“We are overweight on the overall consumption theme,” Sudhakar Shanbhag, who manages about $1.8 billion in assets as chief investment officer at Kotak Mahindra Old Mutual Life Insurance Ltd., said in an interview in Mumbai yesterday. He declined to comment on specific stocks.