Markets can sustain at current levels if earnings deliver, says UTI MF VP

The consumer discretionary sector has seen steady growth and is likely to continue

Corporate earnings and outcome of the Karnataka poll are two big events  at the domestic level that are likely to keep markets choppy in May. Swati Kulkarni, executive vice-president and fund manager - equities at UTI Mutual Fund tells Puneet Wadhwa that though mid-and small-cap companies are trading at a higher valuation as compared to large-cap peers, one can still find value in select pockets. Edited excerpts:

What has been your investment strategy thus far in 2018?

We have not changed our strategy in six months. In UTI Mastershare, we follow a 'growth at reasonable price' approach. At times market might underestimate