IT stocks: Shriram Life CIO Ajit Banerjee explains his contrarian view

Ajit Banerjee, President & CIO of Shriram Life Insurance, said the company remains cautious on IPOs and will consider investing in NSE only if it enters its Nifty 150 investment universe. The insurer also supports MDR to fund digital infrastructure, while favouring large private banks, select PSUs, NBFCs, capital goods and industrials.