Midcap IT sector to do better than large caps: Kunj Bansal

In a chat with ET Now, Kunj Bansal, ED & CIO, Centrum Wealth Management, shares his views on IT sector.

ET Now: What is your call on midcap IT sector?

Kunj Bansal: IT sector is the evergreen bet, your returns could be lower but you will get good returns.

In the calendar year 2013, IT stocks gave 60% to 75% returns. While returns dropped to 20-25% in 2014 but on a consistent basis the sector will keep performing. I feel the midcaps will do better than the large caps.