Investors feel apprehensive and cautious due to the Fed s hawkish tone, emphasising a potentially tighter monetary policy, says Naysar Shah of Credent AIM Multi-Cap Strategy.
We launched the fund on 20th March 2023 and as of 12th July 2023 an INR 50 Lac portfolio invested on the launch day has now become an INR 64 Lacs portfolio (28% Return) vs the benchmark return close to 16%.
Despite expectations that the sector's near-term outlook will be affected by the banking crisis, prospects remain promising in the long run, analysts say