'Investors may get an opportunity to buy banks, NBFCs at lower levels'

Markets are trying to find their feet after a sharp fall. Saravana Kumar, chief investment officer at LIC Mutual Fund tells Puneet Wadhwa that investors should focus on large-cap schemes in these uncertain times. Markets, he says, will be watching what the outcome of the upcoming state polls have on economic reforms and pre-general election alliances. Edited excerpts:

What is your market outlook for the next few quarters? 

In the last two months, the global headwinds were significant and are likely to persist for some more time. This could make correction period a bit longer. US equity market correction and