By 121 News
Chandigarh 15th February:- Executive VP and Fund Manager at UTI MF Swati Kulkarni said that investors have not panicked despite the fact that the inflows into mutual funds have slowed down and returns have been in the negative for the past one year.
She added that investors have decided to stay put in this volatile time. Being at UTI, we always had the benefit of retail investors backing the fund.
While commenting on the markets she said that markets are expected to be range bound in the short term. The asset quality issues will persist for the next 2-3 quarters. Our approach towards the markets would be sector specific and to an extent stock specific.
PSU Banks look attractive with an investment period of 2-3 years. In absence of credit demand growth, in the near term, you could see asset quality pressures lingering around for a longer time maybe at least two quarters from now on. In private banks we distinguish between how we look at from a corporate banking versus retail banking. The preference is going to be towards retail banking for some time to come.
Commenting on metal sector Swati goes on to add that, structurally China is moving away from investment led growth to consumption led growth and China being the world's biggest capex spender, it is going to be a big issue as far as the structural advantages or the demand metal sector enjoyed.
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