Axis MF’s Shreyash Devalkar backs financials, says IT remains a trade despite correction

Axis Mutual Fund’s Shreyash Devalkar says financial services remain supported by attractive valuations, improving credit growth and healthy asset quality, making the sector a preferred investment. He remains cautious on IT because of weak earnings growth despite lower valuations, while monitoring opportunities emerging in insurance after recent regulatory developments. What else is he betting on?

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