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Diverse sectors will take part in market rally now: Anup Maheshwari of IIFL AMC “We are bullish on the financial sector because financials need to do well if the economy has to do well.” Synopsis Though valuations are not cheap, the equity market is still in an investible range due to low interest rates and the expected good earnings cycle, Anup Maheshwari, CIO, IIFL AMC, tells ET Wealth. Here is his take on favourable sectors, equity market going ahead and more. We are bottom-up stock pickers and usually don’t take market valuation based views , says Anup Maheshwari, CIO, IIFL AMC. In this interview with ET Wealth, he discusses how he read the stock market right now especially, the sectors he is bullish on going forward and gives some advice to equity investors. ....
Synopsis IIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statement issued today. iStock IIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statement issued today. Shenoy joined the IIFL Wealth group (IIFLW) in April 2020 as executive director following IIFLW’s acquisition of L&T Capital Markets (LTCM), a wholly-owned subsidiary of L&T Finance Holdings (LTFH). He has close to three decades of experience in the financial services industry. Prior to joining IIFL Wealth & Asset Management, he was CEO at L&T Financial Services - Wealth Management business. Besides a stint as CEO of EFG Wealth Management India, a subsidiary of EFG Bank - a boutique Swiss private bank, he was also executive director at Anand Rathi Financial Services. ....