SynopsisFund Manager Kashyap Javeri views market corrections as opportunities, not warnings. He advocates for investing during volatility, highlighting recent payoffs for those who entered fresh positions or topped up existing ones during the March dip. Javeri is strategically investing in auto ancillaries, capital goods, private banks, and pharma (CDMO), while remaining cautious on infrastructure.ETMarkets.comMost investors freeze when markets turn ugly. Kashyap Javeri, Fund Manager and Head of Research at Emkay Investment Managers, does the opposite, and he thinks you should too.His message coming out of the March-April turbulence is blunt: corrections like the one we just lived through aren't warnings, they're invitations. Clients who used the March dip to enter fresh positions or top up existing ones have already seen the payoff; April delivered significant returns across Emkay's portfolios and strategies."Volatility is always a friend of an investor if you use it rightly," Javeri said. It's a line that sounds simple until you actually have to act on it when headlines are screaming.Where he's putting moneyJaveri isn't buying the whole market. He's picking lanes deliberately, and four sectors are getting his attention right now.Auto ancillaries are at the top of the list. Emkay has been adding exposure here. Capital goods remain a conviction bet. Private banks have moved into focus as valuations have come down meaningfully; the feared deterioration in asset quality and margins simply hasn't materialised, and Javeri doesn't see that changing in the near term. The fourth pocket is pharma, specifically contract manufacturing and CDMO, the large, sector-leading names in that space where he's "quite happy to put money."You Might Also Like:Infrastructure, notably, is one area where Emkay stays cautious despite the government's aggressive push. The reason is structural: most infra companies sell almost entirely to government or government-owned entities, creating concentration risk that Javeri is unwilling to take on regardless of the order book strength.Power is a yes, but with a twist. Rather than buying utilities directly, Emkay is investing in companies that supply components and equipment to the power sector. Cleaner balance sheets, stronger cash flows, and none of the raw material or power-sale negotiation risk that utilities carry.The West Asia wildcardQ1 is going to hurt. Javeri says it plainly. Supply chains are tightening, raw material costs are elevated, and companies across sectors are in active conversations with customers about passing on price increases — partially done, not fully. The earnings impact is coming.But Javeri's response to that is a history lesson, not a warning. Cast your mind back to late February 2022; Russia invaded Ukraine, commodity prices went vertical, and market sentiment collapsed. Crude peaked in June 2022. Within two months it was heading back down. By the September and December 2022 quarters, earnings had bounced back sharply.You Might Also Like:He sees the same playbook unfolding now. The Strait of Hormuz situation resolves, supply normalises, raw material costs ease, and the earnings that got deferred into Q1 come roaring back in the quarters that follow. The timeline is uncertain, nobody knows if it's weeks or months, but the direction, he argues, is not genuinely in question.Sixty to sixty-five percent of Nifty 500 and Nifty Midcap 150 market cap has already reported Q4 numbers, and none of it is showing West Asia damage yet. The pain is still ahead, not behind. Which is precisely why, in Javeri's framework, the opportunity window is open right now rather than three months from now when the picture has clarified and prices have moved.The investors who wait for certainty before deploying capital are the same ones who missed the April recovery after sitting out March. The ones who leaned in during the noise, in auto ancillaries, private banks, CDMO names, and power equipment suppliers, are already sitting on the other side of that trade.Volatility gave them the entry. Patience will give them the return.You Might Also Like:Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless