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Remain positive on banks due to NBFC crisis, says S Naren of ICICI Prudential AMC

Updated : November 01, 2018 06:30:13 IST

S Naren, executive director and CIO of ICICI Prudential AMC, on Wednesday said that he was positive on banks even as the non-banking financial companies (NBFCs) continued to struggle.

He further added that he was reasonably positive on IT sector as well.

We are in-between zone where neither is the market expensive nor is it cheap, said Naren.

Talking at length about market, Naren said, “We are in 2011-13 kind of phase in market; if you look at that zone in the market, it was not easy to make money on a big way but people who invested in the market in 2011-13 phase actually made most of the money.”
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