Very bullish on NBFC space: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities, shares his views on long term bet in NBFC space.

ET Now: You mentioned about you being bullish on the markets going ahead. What is the best pocket to be invested in or stay invested in?

Sudip Bandyopadhyay: Well undoubtedly the financial services space, banks as well as NBFCs and home finance companies. If you have 100 bucks and only one sector to invest, please stay with financial services.

Two things, interest rates will keep coming down in the economy and definitely will benefit financial services companies. The other thing is the gradual improvement in the economic condition of the economy will add lot of momentum back as far as the financial performance of these companies.

The last but not the least, the asset quality will keep improving with improvemet in the economy.