Tata Mutual Fund’s current focus is on balancing our portfolio and being stock selective, said Rahul Singh, CIO-equities at the company.
“A lot of the sectors are doing well, so this is the time to have a more balanced portfolio and within the sector allocate your weightage. I do not think this is the time to try and make sector alpha or try and pick one sector over the other,” Singh told CNBC-TV18.
On banks, Singh said, “There is merit in staying with large banks – private or public sector which have strong liability franchise and which, over the last 3-4 years, improved their credit underwriting standards. Therefore, there is some alpha to be made there before we go aggressively down the chain.”
Watch the video for more
(Edited by : Ajay Vaishnav)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Gonda Lok Sabha election: BJP's Kirti Vardhan Singh takes on Beni Prasad Verma's granddaughter Shreya
May 19, 2024 10:19 PM
Faizabad Lok Sabha election: Can Ayodhya Ram Temple strengthen BJP's stronghold here?
May 19, 2024 10:16 PM
Amethi Lok Sabha election: Can BJP's Smriti Irani retain the Congress bastion she won in 2019?
May 19, 2024 10:12 PM
Rae Bareli Lok Sabha Election: Can Rahul hold on to this Gandhi family bastion?
May 19, 2024 10:09 PM