Rajesh Kothari on top three themes to bet on for solid returns
«Coming to private sector banks in particular, the growth is going to be strong in FY24, particularly second half, in terms of the loan book growth,» says Rajesh Kothari, CIO, AlfAccurate Advisors.
Let us start off with banks, exactly what our experts were talking about because seems like that is where valuation comfort is. The FIIs clearly making a comeback and their first port of call is private banks. Do you believe this is going to be a sustainable move?
Rajesh Kothari: Well, I think entire banking and finance if we divid it into multiple sub-segments, so we have private sector banks, then we have PSU bank, then we have NBFCs, and then there is something called others, which includes insurance, asset management companies, wealth management companies and exchanges.
So, what we do is that we look at from growth perspective each of the bucket and then within that, of course, each of the companies and accordingly construct the portfolio.
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Coming to private sector banks in particular, the growth is going to be strong in FY24, particularly second half, in terms of the loan book growth.
Net interest margin can be a little bit under pressure, but that is true for the entire sector be it a PSU bank or be it a private sector bank.
But I think in last four years, the PSU
