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Axis MF's Shreyash Devalkar backs financials, says IT remains a trade despite correction
CNBC-TV18 1 hr ago·30 Sept 2026, 7:36 am
Shreyash Devalkar, a fund manager at Axis Mutual Fund, has highlighted financial services as a key area for potential investment. He points to the sector's attractive valuations, which he believes offer a good entry point for investors. Furthermore, Devalkar notes that credit growth is improving and asset quality remains healthy, providing a solid foundation for the sector's performance.
Despite a recent correction, Devalkar maintains a positive outlook on the information technology (IT) sector. He views it as a trading opportunity, suggesting that the sector may still offer value despite concerns over earnings growth. He is also keeping a close watch on the insurance sector, which he believes could present new opportunities following recent regulatory changes.
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