22/4/2025, 2:20:05 pm

Axis MF cautious on IT, metals; sees opportunity in selective growth stocks

Karthik Kumar, Fund Manager at Axis Mutual Fund, notes the Indian equity market is becoming more selective about growth stocks, with investors favoring feasible growth. Foreign institutional investors have turned buyers, supported by lower oil prices and a weaker dollar. Kumar remains cautious on IT, bearish on metals, and prefers discretionary consumption over staples.