Increase exposure to PSBs, select infra lenders on dips: P Phani Sekhar, Karvy Stock Broking

In a chat with ET Now, P Phani Sekhar, fund manager - PMS at Karvy Stock Broking shares his views on portfolio allocation.

ET Now: Give me a flavour of your portfolio how are you allocating capital which way are you leaning?

P Phani Sekhar: We are leaning more towards financial services and the global businesses like IT and pharmaceuticals. We are looking forward to increase our exposure to public sector banks (PSBs), and some infra lenders, if we find meaningful corrections. Other than this, we are looking forward to Budget announcements before allocating meaningful resources to the infrastructure space. We do not have sizable exposure to this space.