Overwweight on HDFC, LIC Housing Finance; like Gruh Finance: Sanjiv Bhasin

Sanjiv Bhasin of IIFL told CNBC-TV18, "NBFCs have been ruling the roost. At a time when bond yields are touching 6-7 year lows, I think they are definitely showing a lot of growth on the numbers. However I think the business itself is getting very in competitive and margins are getting lesser because banks, micro finance everyone is in the same gamut of retail lending and so on. So, Bajaj Finance has been one of the better players in the retail side but we have been having overweight on HDFC and LIC Housing Finance. In the midcap space, we like Gruh Finance a lot. There is a talk of Reliance Home Finance listing and I think that will be speculative part."

"Coming to Reliance Capital, I think this is the first time it is actually getting a premium valuation on the back that mutual fund is the cash cow and that is doing exceedingly well. So, markets can give higher multiples to stocks and sectors which have been underperformers and rightly so because of the mutual fund industry being in such a – I think it is the best time the industry has had ever since it got formed," he said.