Samir Arora believes these 3 sectors in Indian stock market are backbone of any portfolio and will remain attractive

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Read Samir Arora's full interview here Tactically, one may invest in defence, automobiles, etc., but the above three sectors are generally the backbone of any portfolio, he added. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Helios Capital’s maiden equity fund, Helios Flexi Cap Fund, opened for subscription last week.

The NFO comes at a time when the stock market is undergoing heightened volatility and there is more intense competition from other mutual funds. However, Arora believes a correction in the market could also lead to increased subscriptions as investors may want to buy the dip.

Also Read: 'Adopt wait and watch strategy, deploy funds slowly on market dips, says Seemant Shukla of JM Financial Mutual Fund Among asset classes, the market veteran said he always owned a little bit of gold. With very high US interest rates, gold may not have done well recently but he believes it generally acts like a real hedge and diversifier.

“Our whole team believes in equities and “skin in the game". I checked last night and our employees (including me) have already invested more than ₹32 crore in the new fund offer," he said.