PSU Banks Vs Private Banks: Where Is The Real Upside?

In this insightful conversation, Mihir Vora, CIO of Trust Mutual Fund, breaks down the latest portfolio strategy shifts as the fund increases exposure to public sector and select private sector banks, while trimming allocations in capital market intermediaries. He explains why improving credit growth, especially in MSME and corporate lending, has strengthened the investment case for PSU banks, narrowing the growth gap with private banks. Vora also shares his continued positive view on NBFCs, along with sectoral opportunities in auto ancillary and domestic manufacturing-driven themes. With market triggers such as evolving India–US trade dynamics and fiscal stability, he outlines why India’s structural growth story remains intact. A must-watch for investors tracking banking and cyclical play