Indices weighed down by ‘tired business models’, says SBI MF’s Balachandran

India’s largest asset manager warns IT, pharma and consumer heavyweights are “mature, tired models,” driving investor hunger for new-age IPOs, but valuations remain key.

Oct 3, 2025 - 10:00
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Indices weighed down by ‘tired business models’, says SBI MF’s Balachandran
India’s largest asset manager warns IT, pharma and consumer heavyweights are “mature, tired models,” driving investor hunger for new-age IPOs, but valuations remain key.

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