At BFSI Summit, MF CIOs flag market risks, stress need for diversification

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At BFSI Summit, MF CIOs flag market risks, stress need for diversification - Business Standard

Quick Summary:

BS BFSI Summit: Certain pockets may present risks, but the broader market is not in bubble territory, say leading mutual fund CIOs.

He acknowledged "pockets of value and pockets of bubble," indicating potential risks in certain overvalued areas.

Ashish Gupta, CIO, Axis Mutual Fund, highlighted the mixed investment climate, noting that while there has been some recent correction, nearly 40-45 per cent of companies underperformed in the second quarter.