Pick Motilal Oswal Financial Services: Prakash Diwan

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "Last year, we have added about 16 lakh new demat accounts and the kind of money that mutual funds have started getting, nine lakh new folios in a quarter. Those are the numbers which have added up quite impressively. So, all these companies in the broking stroke, fee based activities will benefit. But, there are certain very good names also to look at from a listed space within that segment.""Motilal Oswal Financial Services as a stock is much more diversified in terms of its revenue streams as compared to IIFL Holdings where there is predominant insurance revenue that has always been a mainstay whereas Motilal Oswal has fund management which is an annuity kind of a business which IIFL does not have really. So, if you see quality of earnings, Motilal stands out as one of the best picks in that space."