With volatility in the equity sector and ensuing outflow of cash, interest in mutual funds is rapidly increasing, says Brijesh Ved, Senior Portfolio Manager at BNP Paribas AMC and Shreyash Devalkar, Fund Manager – Equities at BNP Paribas MF India.
Ved says there is no panic in mutual funds like that in the equities market currently. India is under invested in this segment and inflows are happening at a faster pace now, he adds Talking about global interest in the Indian story, Ved says investors are positive on India with improved macro elements. He says that, the worst, as far as macro issues are disquieted, is over. Devalkar says main considerations are consolidation and growth when deciding sectors to invest in. He is bullish on pharmaceutical sector due to stabilized base, researcg & development, quality of product and high earnings and returns. Another preferred sector is telecom where the top 3 players have 73 per-cent of the total market share. Click Bank nifty futures tips
The sector has strengthen and will see accelerated growth in coming years, Devalkar said. He contribute that the data growth in telecom sector will be four to 5 times, from current 25 thousand crores to 1 lakh crore, in next 4-5 years. In the banking space, it is retail banks and non-banking financial companies that will outperform, he says adding that BNP doesn't have exposure to corporate banks.
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