IIFL Private Wealth underweight on telecom, utilities

Prashastha Seth, Senior VP, IIFL Private Wealth is underweight on telecom, utilities and real estate.

Seth told CNBC-TV18, "We have been underweight on telecom, utilities and real estate. I think those are the sectors you would probably be continuing to be underweight on. Broadly interest rate sensitive apart from banks is what we would probably be underweight on, so I think the only place where I would probably want to keep equal weight in interest rate sensitive is probably going to be banks. So I think that