Property developers’ shares have beaten every industry group in India this year, drawing criticism from some analysts who say the gains are overdone.V. Srivatsa, a fund manager at the $23 billion UTI Asset Management Co., sees it differently. UTI Balanced Fund, run by Srivatsa, has almost doubled the weighting to the industry to 2.6 percent in the past year, data compiled by Bloomberg show. The fund held Mahindra Lifespace Developers Ltd. Phoenix Mills Ltd . “I won’t rule out a correction but it will be moderate.” “I would be watching the fiscal side.

Source: Economic Times November 28, 2017 07:41 UTC