Naren, who handles assets worth $64 billion, said the solution for investors during the current phase of the market is nothing but asset allocation and systematic investment plans (SIPs).

“Whether the outbreak of the Omicron wave in China will soften the region’s growth is now a much bigger concern than what is happening on the Russia-Ukraine front. My sense is that even a rate hike in June in India could be postponed and we would see a significant amount of bond purchases by the RBI to keep the bond market from moving up in a disruptive manner.”

Macquarie’s Suresh Ganapathy cut his price estimate to Rs 450 from Rs 700, citing lower valuations for fintech companies globally while keeping earnings and revenue estimates for the firm unchanged.

As part of the move, 100 per cent of shares held by JSW Renew Energy (Kar), JSW Renewable Energy (Dolvi), JSW Energy (Kutehr) and JSW Hydro Energy have been transferred to JSW Neo Energy (JSWNEL).

The partially convertible rupee opened at 76.0290/$1 as against 76.2650/$1 at previous close. The Indian currency strengthened past the psychologically significant 76/$1 mark, moving in a band of 75.9880-76.0540/$1 so far in the day.

The money manager bought 20-80 lakh shares of Union Bank Of India, The Federal Bank, Indian Bank, Equitas Small Finance Bank and Bank of Baroda during the month.

While ICICI Lombard and The New India Assurance Co are direct plays on general insurers and GIC Re an indirect play on the sector, Star Health, Motilal said, is the first standalone health insurer to list in India.

Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 421671.01 Crore) operating in NBFC sector.

There are a number of platform companies which we are quite positive on. These are quite profitable as well. The likes of IndiaMart, Route Mobile, Affle India, Fino Payment Bank and perhaps Tanla Solutions are the businesses which have got quite unique business models, a good deal of scalability, high operating leverages and clear cut market leadership. These could be the new ideas over the next two, three years or so.

“We are ESG in the way we operate in terms of connecting the artisans, the farmers,” Gopal Mishra said in an interview with Bloomberg News. “This is not that we have done something specially for ESG or ticked those green boxes.”