Mahindra Manulife MF's Krishna Sanghavi believes that the current market offers a good opportunity to invest in undervalued companies that have not yet participated in the market. He sees a healthy growth in Indian corporates and earnings, despite business mix shifts. The market trend towards trading has shifted the focus towards derivatives and has led to a drop in long-term-based cash participation. He is constructive on the market for a 12-month view, given valuations and growth potential.