IT may turn the corner, banks' outperformance to continue: ABSL AMC CEO

India is likely to see broader economic growth going forward, equity should be the preferred asset class, the Aditya Birla Sun Life Asset Management Company CEO says

Retail investors should continue investing in equity funds through the systematic investment plan (SIP) route and maintain exposure to companies of all sizes, believes A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company (ABSLAMC). The firm recently came out an outlook for the Indian market in 2023. In an interview with Abhishek Kumar, he picks the sectors that could perform in the year. Edited excerpts:

 

Which sectors do you see performing in 2023?

 

The market is going through a consolidation phase as it always happens when the valuations reach a certain level and other asset classes