Nilesh Shah told FinancialExpress.com in the recent edition of Manage Your Money instead of a sector one should invest in good management, good promoters and good businessmen.

The rising tide of the Indian economy will lift all sectors, but to gain from it, it’s imperative for investors to first get on a boat into the sea, said Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Co. “Now India is on a rising tide, every company in every sector will get lifted by it, some may get lifted more, some may get lifted less,” Nilesh Shah told FinancialExpress.com in the recent edition of Manage Your Money, while responding to a query on the best sectors to invest.

“If you look at a sector, there will be someone who is a great entrepreneur and someone who will be a bad entrepreneur,” Nilesh Shah said. “So as much as sector selection, it is also important to back right management. In the IT industry, not everyone is Narayana Murthy or Azim Premji or Shiv Nadar. In the banking industry not everyone is a good banker, there are many not so good bankers around. So you have to invest in good management, good promoters and good businessmen, that is imperative,” Shah added.

https://www.financialexpress.com/market/all-sectors-will-go-up-in-rising-tide-of-india-but-first-get-on-a-boat-kotaks-nilesh-shah-says/2539369/