DRChoksey expects stress to bottom out in the financial services sector.
HDFC AMC and Poonawalla Fincorp are DRChoksey's top picks in the sector due to their strong brand equity and market positioning.
The mutual fund industry's net AUM declined from Rs 67.25 Tn to Rs 64.53 trillion in February 2025, despite net inflows of Rs 400.6 billion during the month.
DRChoksey remains optimistic about high-quality NBFCs with diversified asset profiles and prudent risk management as credit cycles normalize and digital leverage reflects in margins and return ratios.