With falling interest scenario for next 2 -3 years and retail focus by PEL, seems a doubler in 2-3 year timeframe. Waiting for funds to add early next year. Expecting some opportunity post this quarter results as management taking more than required provision for AIF exposure. Technically AIF portfolios seem to have more stringent deployment criteria and I don’t expect any abnormal NPA on that account.
IBHL exposure from 110 levels have made me look into NBFC below BV and PEL story should unfold mid of next year post election and start of interest rate downward revisions.
Disclosure-Invested from 700 levels and views are biased
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