Kotak Mutual Fund upbeat on retail and corporate banks

Harish Krishnan, senior vice president and equity fund manager, Kotak Mutual Fund in an interview with CNBC-TV18 shared his views on the various sectors.

Financials space has become a large weightage within the index and within that, there are three baskets - the NBFCs, the retail oriented banks and the corporate banks, said Krishnan.

Kotak M F is underweight on NBFCs because the big growth that was seen in the last 3-4 years is behind them and are especially averse to wholesale funded names, he said, adding that however, the house is overweight on retail oriented and corporate banks