Neutral impactSector
UTI AMC picks banks, IT, pharma over trending IPOs
CNBC-TV18 44 min ago·8 Sept 2026, 9:48 am
UTI Asset Management Company’s chief investment officer, V Srivatsa, has outlined a strategy favoring established sectors over the current IPO boom. He believes that despite the hype surrounding new listings, the long-term growth potential of private banks, information technology, and pharmaceutical companies offers better value. These sectors are seen as more stable and resilient compared to the high-priced jewellery stocks that have recently captured investor attention.
This shift in focus is significant for investors as it highlights the importance of fundamental analysis over market sentiment. By prioritizing sectors with proven track records, investors may be better positioned to weather market volatility. Srivatsa also pointed out that insurance companies and asset management firms still hold considerable value, though he remains cautious about the valuations of upcoming initial public offerings.
Investors should monitor how these preferred sectors perform in the coming quarters. If these stocks continue to outperform, it could validate Srivatsa’s approach. However, keeping an eye on IPO performance will also be crucial, as a sudden correction in new listings could impact overall market sentiment. Balancing exposure between established and new-age sectors remains key.
Key takeaways
- Category: Sector.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
