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Sundaram's Multi-Asset Allocation Fund garners ₹1,890 crore

Asset Allocation: ETMarkets Fund Manager Talk: Equity returns in 2024 should be tempered down, but gold set to shine: Sunil Subramaniam

Sunil Subramaniam of Sundaram Mutual Fund expects Indian equities to have a good first half of 2024, but warns of volatility in the second half. He recommends a large cap-oriented equity with allocation to gold and debt for a event-heavy 2024. He believes that consumption, banking, IT, and pharma sectors will perform well. In terms of asset allocation, he suggests a multi-asset allocation fund with a focus on BFSI, consumption, and IT. He also mentions that the outlook for gold remains positive.

stocks to buy in 2024: Sunil Subramaniam is betting on consumption and banking this year. Here' why

Sunil Subramaniam believes that the banking sector may see a downgrade in terms of portfolio allocation due to the provisions announced by the RBI. However, he expects decent and healthy banking numbers, especially in corporate lending and SMEs. He also anticipates a pickup in mid and mass market segment consumption, supported by increased rural wages and government spending in an election year. He also likes PSU banks, which he believes will finance the capex cycle and be the vehicle of government dispersal.

Personal Finance | Multi-asset funds: Don't blindly buy the story

Besides addressing an investor’s need to put money across asset classes, it also takes care of diverse taxes 

Stock Market Live Updates: Sensex, Nifty open weak amidst lack of positive cues