Underweight on capital goods, industrials and utilities: David Pezarkar

In a chat witth ET Now, David Pezarkar, CIO-Equities, BOI AXA Investment Manager shares his views on the market.

ET Now: Which are the sectors that you are bearish on?

David Pezarkar: Well we are underweight in the capital goods, industrials and utilities sectors and we think that there are still some balance sheet constraints there, which are likely to persist.

So in those spaces we would like to see better execution happening before we tilt our portfolios there so those are the spaces where we are underweight on. As of now, we are also positive on healthcare and we are also overweight on telecom space in our portfolios.