India’s largest actively managed equity fund, PPFAS Flexi Cap, is increasing exposure to beaten-down IT stocks, taking a contrarian view on AI disruption fears. CIO Rajeev Thakkar argues pessimism is overdone, betting on productivity gains and valuation comfort even as the Nifty IT index heads for its worst year since 2008.
India's largest actively managed equity fund, PPFAS Flexi Cap, is making a contrarian bet by increasing its exposure to beaten-down IT stocks. The fund's CIO, Rajeev Thakkar, believes market pessimism regarding AI disruption is overdone. He cites potential productivity gains and…
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