HDFC MF's Prashant Jain has been playing a domestic recovery theme with significant exposure to corp lenders.
Govt will infuse capital that shores up the bank's networth and the bank will invest that money into recapitalisation bonds
The GST rates on some items have been reduced, potentially lowering collections.
"I am very positive on the consumerism in India...any discretionary spend, lender to the consumer, are my favourites."
STP is a process by which you stagger your in vestment over a period of time.
For the first six months of the current year, SIP collections rose 45 per cent.
There is huge interest among fund managers of leading fund houses in the IPOs.
The mutual fund industry has added more than 8,000 new distributors this calendar year.
Investors tend to put lumpsum money in ELSS in the last 3 months of the financial year.
Government will continue to be measured in their approach towards PSU banks. I think they will encourage consolidation, said Ananda Bhoumik.
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