V Srivatsa, Executive VP-Equity at UTI AMC, remains positive on large private banks despite near-term pressure on NIMs, citing attractive valuations and stable credit costs. He also sees value emerging in IT stocks, where growth remains at 3-5% despite AI concerns, with companies trading at 5-6% free cash flow yields. Srivatsa prefers AMCs over exchanges within financial services and is overweight on life insurance, expecting better growth and rerating potential ahead.
