ndia has always been a land of savings but a paradigm shift -- from real assets such as gold or real estate to financial assets -- is under way and this means immense opportunity for financial stocks, says ace fund manager Sunil Singhania. Speaking to CNBC-TV18's Anuj Singhal, Reliance Mutual Fund's Chief Investment Officer Singhania said he is positive on niche financial stocks such as NBFCs, wealth management companies, insurers, asset management companies, etc. Reliance MF's exposure to financials has been at a 52-week high, as per latest portfolio data. "We continue to be confident there," he said. He also talked about the impact Brexit is likely to have on equities globally, his sectoral views and whether midcaps are now fully priced.
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