Strong bank balance sheets, a fresh start to the credit cycle, and reasonable valuations compared with the broader market present an opportunity for investors to allocate to this sector over the next six months, say wealth managers.
ICICI Prudential India Opportunities Fund: Play cyclical upswing with value bias
February 13, 2021
The fund follows a buy-and-hold strategy and is suitable for high-risk investors
The Centre has put the pedal to the metal on growth with a special focus on accelerating infrastructure spending through the announcements in the latest Budget. This stance emboldens our view in favour of industrials and materials sectors (for their undervaluation), financials (for being a play on macro revival/loan growth) and PSUs (for their re-rating prospects).
Thus, investors with a high risk appetite can consider ICICI Prudential India Opportunities, a thematic fund whose concentrated portfolio can be used to play the imminent cyclical upswing in the economy.