ETMarkets Fund Manager Talk: LIC MF’s Amit Nadekar betting on manufacturing, consumer discretionary stocks

“At present, we believe the manufacturing, consumer discretionary and banking sector are showing early signs of recovery and strong growth. Nifty IT Index having corrected ~22% from its top early this year (January 2022), IT sector also looks fairly priced. The next phase of growth is going to come from rural India. Rising rural income, increasing financial inclusion and rising share of financial assets may drive SIPs in the next decade.”