Metals and banks tempting but stay away from them; reduce allocation to overvalued sectors: Rajat Sharma
Rajat Sharma of Sana Securities advises reducing allocation to equities in client portfolios due to expensive market conditions. He suggests reallocating to fixed income bonds and gold. His core portfolio holdings remain unchanged, including ONGC, ITC, Gulf Oil, and Federal Bank. It is tempting to buy into metals and banks but the right thing to do would be to stay away and reduce allocation to overvalued sectors.
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