Madhu Nair has been appointed as the CEO of Union Mutual Fund, replacing G Pradeepkumar. Nair brings experience from HSBC Mutual, Invesco MF, Kotak MF, and Kothari Pioneer MF. Union Mutual Fund manages assets worth Rs 13,595 crore.
By and large we would like to believe that much of the banking space looks attractive, should do well, but within which there is a fair possibility that privates may nudge ahead of publics in the current fiscal year.
"Today the entire financial ecosystem is a lot wider and is a combination of lenders and non-lenders, platforms and balance sheet oriented companies. We see reasonable value and comfortable valuations here. Also, growth will emerge in the technology sector towards the second half of 2024. These are the places where we are hunting for opportunities and buying them a ride."
In an interaction with Business Today, Vikas Garg, Head of Fixed Income, Invesco Mutual Fund shared his views on the debt market amid rising interest rates.