We are positive on PSU space as valuations are attractive: Anish Tawakley

There is value in selective pockets within the PSU universe, said Tawakley

Valuations are not cheap and the near-term outlook remains uncertain for equities, says Anish Tawakley, head of research and senior fund manager, ICICI Prudential Mutual Fund. In an interview with Samie Modak, he spells out the investment themes that investors can consider. Edited excerpts:

Do current valuations offer more comfort? Or changing dynamics, especially on the interest rate front, call for further de-rating?

Even though the market has come off highs, Indian equity, valuation wise, is still not in the cheap zone. Further, we believe in the near term there will be uncertainty, largely owing to the volatility in crude oil