Private banks are one of the last sectors that still has regulatory hurdles and two thirds of the market is with public sector banks, which are undergoing asset quality issues. This makes private banks attractive over long term, said Rajeev Thakkar, CIO and Director of PPFAS Mutual Fund. Thakkar’s other picks include Mahindra Holidays, which is an asset light model as compared to its contemporaries. There is a duo play in the sector with Mahindra Holidays and Sterling, he said.
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