While the bond structure is loosely referred to in India as a commercial mortgage-backed security (CMBS), it differs from a CMBS in the United States or Europe, under which lenders securitise mortgages on commercial property.
Dhiraj Sachdev, Senior Fund Manager, HSBC Asset Management is positive on banking space.
One can add IT stocks in their portfolio, says Prashastha Seth, Senior Fund Manager, IIFL Private Wealth.