Aman Chowhan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Aman Chowhan of continues to like private banks and has added non-fund-based financials like wealth management companies to the portfolio. The recent correction in the market is seen as profit booking after strong gains in the past months. Chowhan believes that the correction is more of a technical than a fundamental reason. In terms of sector allocation, the portfolio has increased exposure to non-funded financials and remains selective on large PSU banks. The fund manager is confident that FIIs will continue to invest in India due to the country's growth potential and lack of other investmen...

“We have an internal rule that a single stock does not exceed 10% of the portfolio. Wherever stock holding has gone below 8% or 9%, we have booked profits. We are cautious on chemicals because we feel that in the next one, two quarters, there will still be some margin pressure which is very selective on the chemicals front. We are neutral on IT.”

“It is a bull market. All sectors have contributed to the value, including auto. But for now, we would like to continue to maintain our stance. We have some auto ancillary names into the portfolio, but not the real auto names, both on the two-wheeler as well as the four-wheeler side.”

​Do not jump in right away but there will be an appropriate time to look at the chemical sector also. So, both these sectors right now are being, you can say, not ignored but not the market favourites but in the next two to three quarters they can get interesting.

That is also trading at decent valuations and that is something where I think the investor interest will soon come in.