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Shriram Life CIO Ajit Banerjee Reveals Contrarian Positive View on IT Sector
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CNBC TV18•23-09-2026, 14:57
Shriram Life CIO Ajit Banerjee Reveals Contrarian Positive View on IT Sector
- •Shriram Life Insurance adopts a contrarian positive stance on the Indian IT sector, citing companies' recalibration towards AI and cloud services.
- •CIO Ajit Banerjee notes that while the sector faced concerns a year ago, it is now undergoing a major transition with top priority given to AI, manpower reskilling, cybersecurity, and cloud infrastructure.
- •The firm avoids IPOs, preferring to invest in newly listed stocks only after they settle and are incorporated into its exclusive investment universe, the Nifty 150.
- •Shriram Life views the Merchant Discount Rate (MDR) in fintech as necessary for funding continuous technology upgrades and supporting digital transaction infrastructure.
- •The insurer remains confident in large private banks, select PSUs, and diversified NBFCs, and is positive on the capital and industrial sectors due to India's defence localisation and shipbuilding push.
Key Questions Answered
Shriram Life Insurance holds a positive stance because IT companies are actively recalibrating their operations to prioritize artificial intelligence, cloud services, cybersecurity, and manpower reskilling.
The firm strictly avoids initial public offerings and waits for newly listed stocks to settle. For the National Stock Exchange, it will only invest if the exchange is incorporated into its exclusive investment universe, the Nifty 150.
The fund remains confident in large private banks, viewing them as too large to fail despite succession issues, and is also positive on capital and industrial sectors driven by defence localisation and shipbuilding.
