LIC MF Banking & Financial Services Fund has lost the most at around 5.31% year-to-date (YTD) so far. Meanwhile, Tata Banking & Financial Services Fund has lost around 5.28%.
Janakiraman Rengaraju, Chief Investment Officer, Emerging Markets Equities – India, Franklin Templeton India Asset Management Co Ltd, likes power utility companies that are waiting to tap into new energies
According to Janakiraman Rengaraju, while short-term events like the MSCI rebalancing may have some impact, it is more important for investors to focus on the medium-term growth outlook and factors that drive long-term corporate earnings. Real estate and industrials, I think those are two sectors which look quite well positioned. But at this stage of the growth, I think there is enough opportunity for a lot of other sectors as well.
Radhakrishnan’s entry in Sundaram AMC adds to the niche bunch of fund managers-turned-CEOs in the Indian AMC industry. Sunil Subramaniam, Sundaram AMC’s present CEO, is likely to step down by April 2024. He is most likely retiring.
Radhakrishnan to take over as Sundaram Mutual CEO - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.