Continue to be overweight on financials: Mirae Asset

Rahul Chadha, Mirae Asset Global Investments continue to be overweight on financials with a portfolio weight of about 30-33 percent.

Chadha told CNBC-TV18, “We continue to be overweight on financials. We have added some PSU banks in the last two months but financials continue to be overweight with a portfolio weight of about 30-33 percent. Outside that we like exporters. So pharmaceutical and IT are the names we like because the concern on rupee still remains. And telecom is something we have liked for some time but it has run up a bit so one can take some profits over there.” Also Read
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