BNP Paribas Mutual Fund India on Wednesday said that it's time to pick selective midcaps and smallcaps.
In an interview to CNBC-TV18, Anand Shah, deputy CEO and head of investments, said that earnings growth story of mdicaps and smallcaps will continue.
“As far as economic recovery is concerned, there is a light at the end of the tunnel and the earnings growth of the midcaps will be little better than largecaps,” Shah said.
According to Shah, gold and real estate is not the best performing asset right now, so household savings have moved into other asset class.
Shah said there is enough room for these savings to move into financial assets and within that into insurance, mutual funds etc.
“Our exposure to insurance companies is a long-term play on how Indian household will move its savings incrementally away from real estate and gold towards more mixed financial assets and within that, insurance and mutual funds,” he added.Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any