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DSP Asset Managers CIO Anish Tawakley Prefers Banks and Insurers, Warns on NBFCs
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CNBC TV18•06-10-2026, 11:18
DSP Asset Managers CIO Anish Tawakley Prefers Banks and Insurers, Warns on NBFCs
- •Anish Tawakley of DSP Asset Managers identifies banks and insurance companies as his top picks in the current market cycle.
- •He expects large private sector banks to gain market share as credit intermediation shifts back to the banking system.
- •Insurance manufacturers are favored over distributors, with expectations of growth resuming following a temporary regulatory reset.
- •Tawakley remains cautious on NBFCs due to risks in unsecured retail lending and advises avoiding capital market-linked stocks near their peak.
- •He maintains a zero-hospital portfolio due to high valuations and points to global capability centres as a key challenge for Indian IT services.
Key Questions Answered
Anish Tawakley believes that banks and insurance companies offer the best investment opportunities in the current market cycle. He expects large private sector banks to gain market share and highlights life insurers over general insurers.
Tawakley remains cautious on IT services because he believes the primary challenge is the expansion of global capability centres (GCCs) taking business from Indian IT providers, leading him to expect no meaningful earnings recovery in the near term.
Tawakley considers homebuilding critical for long-term economic growth, but he favors developers who monetise existing land banks and generate cash from current projects rather than those making aggressive new land acquisitions.
