ICICI Pru sees inflation around 4.5-5% levels this yr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty?

Puneet Nanda , CIO of  ICICI Prudential Life Insurance , said the fundamentals look extremely encouraging from a macro perspective. ICICI pru has invested Rs 2,500-3,000 crore so far this year, he said. He expects inflation at around 4.5-5% levels this year.

While, interest rates may coming down in the medium-term. He is positive on the banking sector and negative on real estate.

More to come...