Envision is high on consumer discretionary, small fin banks

Nilesh Shah, MD & CEO of Envision Capital, is bullish on consumer discretionary and maintained that it is an important segment. "We have had a normal monsoon so far, and this is a positive sign for consumer segment," he added. He also likes small finance banks and payments banks space. He is bullish on IDFC Bank and Bandhan Bank and expects more and more such institutions to come up in future owing to a breakthrough technology. However, he cautions investors about established private sector banks as they may underperform after a run of good show. Watch video for more details