Rajat Jain of Principal Mutual Fund Comments on the Markets

27 November 2019
1 min read
Rajat Jain of Principal Mutual Fund Comments on the Markets
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Rajat Jain, CIO of Principal BNP AMC on the current market conditions:

  1. Believes large PSU banks are run as well as any private bank.
  2. Says Midcap IT stocks have done well. He has cut underweight position substantially.
  3. Rural consumption is holding well. Expects two-wheeler companies to continue performing well in the future.
  4. Believes midcap stocks will do better than large-cap stocks over a period of 3 years or more.
  5. Has reduced exposure to the OMC sector (Oil Marketing Company sector) because he had held them for a while and had observed oil prices rising.
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