Shenoy flags UPI charges, insurance reforms and earnings
In short
A market note says UPI transaction charges, insurance distribution costs and strong earnings may change where investors put money. Deepak Shenoy sees opportunities in term insurance, pharma, mid-cap banks and industrials.
He is still cautious on IT, retail and some FMCG names. The view matters because it points investors toward some sectors and away from others.
What the reporting says
Merchant acceptance of UPI transaction charges, changes in insurance distribution costs and strong corporate earnings are being cited as possible shifts in India’s investment landscape. The CNBC TV18 Market summary says Capitalmind Mutual Fund CEO Deepak Shenoy sees opportunities in term insurance, pharma, mid-cap banks and industrials. It also says he remains cautious on IT, retail and parts of FMCG.
Why it matters
It attributes a positive view to Capitalmind Mutual Fund CEO Deepak Shenoy on term insurance, pharma, mid-cap banks and industrials. It also says he is cautious on IT, retail and parts of FMCG, making this a sector-rotation and stock-selection call.