Union AMC’s Sanjay Bembalkar remains positive on equities despite the recent rally, favoring consumer discretionary, industrials, and financials. He advises caution on narrative-driven sectors lacking fundamental strength, suggesting potential corrections. Bembalkar recommends a diversified portfolio with 20-25% in gold/silver and a systematic investment approach for equities, considering near-term volatility.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India