Motilal Oswal
    NIFTY 50
Motilal Oswal

BNP Paribas Mutual Fund overweight on financials and consumption space

Updated : March 20, 2019 05:36 PM IST

BNP Paribas Mutual Fund on Wednesday said the house is overweight on financials and consumption space as urban consumption is going up.

In an interview to CNBC-TV18, Anand Shah, deputy chief executive officer and head of investments, said, "It’s been two years that emerging markets, in general, were facing challenges with the rates going up in the US and dollar strengthening. So to that extent, the January pause and the subsequent commentary coming from the US has helped all the emerging markets."

"However, India has been late. Year-to-date (YTD) most of the emerging markets are up between seven percent to as high as 25 percent. We have been doing nothing till 15 days back. So, we are just playing catchup as far as returns in YTD concerned," Shah said.
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