Sunil Singhania discusses the Interim Budget, stating that nothing major was expected as it is a vote on account. He notes the continuation of fiscal prudence and highlights the surprise of the fiscal deficit target for next year being 5.1%. Singhania mentions the positive outlook on the Indian economy and the possibility of the government being more aggressive on disinvestment. He also emphasizes the consistency in governance and expresses optimism in sectors like railways and solar rooftop generation.
ET NOW and ET NOW SWADESH announce Budget 2024 – Vikas Ki Guarantee
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ET NOW and ET NOW SWADESH announce Budget 2024 – Vikas Ki Guarantee
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Aman Chowhan of continues to like private banks and has added non-fund-based financials like wealth management companies to the portfolio. The recent correction in the market is seen as profit booking after strong gains in the past months. Chowhan believes that the correction is more of a technical than a fundamental reason. In terms of sector allocation, the portfolio has increased exposure to non-funded financials and remains selective on large PSU banks. The fund manager is confident that FIIs will continue to invest in India due to the country s growth potential and lack of other investment opportunities.