Overweight on banks, NBFCs: Dipan Mehta

According to Dipan Mehta, Member BSE, investors should get overweight on banks and NBFCs.

Mehta tolc CNBC-TV18, “The big theme in the market is lowering of interest rates and the interest rate sensitives should be given preference. And over there the banks and the NBFCs are clear beneficiaries of an easy money policy. So investors should get overweight on those sectors.”

He further said, “We have lots of good companies over there which are in a secular growth situation expanding their rural brand, expanding their branch network, expanding retail deposits and loans as well. So investors could focus over there.”