Meanwhile, Pratish Krishnan, Senior Fund Manager at Abakkus Asset Manager LLP, said, financials remain the preferred sector from an investment perspective, with large private banks and large NBFCs offering attractive opportunities. He said net interest margin (NIM) compression is likely to bottom out soon and remains bullish on the financials, consumer discretionary, and pharma sectors. At the same time, he said the fund house is underweight on IT services.
