Value buys? Rajeev Thakkar is betting on banks sitting on multi-year low multiples

Rajeev Thakkar, CIO of PPFAS MF, suggests that index funds are a smart choice for investors unwilling to spend time picking fund managers or asset houses to beat the index in the long-term. Thakkar believes the banking sector is the most promising for investors in India, with balance sheets now clear of corporate credit and Covid-related losses. Banks’ market share has shifted from public to private, meaning a higher benefit from higher interest rates.