Under India theme, domestic consumer discretionary and rural sectors are the spaces to invest in, Mahesh Patil, Co-head, Equity, Birla Sun Life Mutual Fund, tells ET Now.
Edited excerpts:
It has been a good July. Do you think that summer correction, that one-time adjustment, in the market is over?
It has been a good month. We have seen the broader markets starting to participate. The Nifty was always good. There was pain for real investors in a lot of other stocks. As the earning season has come in, we have seen a lot of companies reporting decent numbers. Many stocks had corrected because of macro concerns which had impacted the broader markets. Some of the macro concerns still remain but they have eased off a bit. Oil prices are no longer threatening to go above $80 or so.
