S Naren, ED & CIO, ICICI Prudential AMC, says “the kind of leadership we have in services, no one can compare with us whereas in manufacturing, every country competes with us and that is why the manufacturing leadership as far as this country goes is not as easy as the services leadership that we have and that is why the sector is already done extremely well and from here on, whatever valuation challenges are there in the rest of the market, apply to this scheme as well at this point. And that is what we look at.”
7 mutual fund NFO’s will open for subscription this week
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