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Daily Voice | What makes banking and financials, realty and allied sectors interesting, shares Mahesh Patil of Aditya Birla Sun Life AMC

'Two big factors to monitor over the rest of FY22 are the spread of new COVID variants and the trajectory of Fed tapering and rate hikes.'

December 02, 2021 / 08:59 AM IST

The equity market is meant for long-haul investments because of its characteristic volatility. A correction of 10-12 percent that the market has witnessed through the last week, however, offers a potentially good entry point.

“It is also better for long-term investors to maintain their target equity allocation,” says Mahesh Patil, Chief Investment Officer at Aditya Birla Sun Life AMC.

The veteran fund and investment management professional is bullish on the recovery in Indian economic activities. In an interview with Moneycontrol, he shares his chosen sectors that, he believes, would fetch good returns. Excerpts from the interview:

The Indian economy has grown at 8.4 percent in the second quarter. What are your thoughts?