Sandip Bansal On I.T. Slowdown, GenAI Impact & Growth Concerns

In this series of Market Guru, Sandip Bansal, Deputy CIO at ASK Investment Managers, shares his cautious view on the IT services sector amid global headwinds and structural challenges. Bansal highlights that while valuations have become reasonable after recent corrections and the sector enjoys strong management quality and high free cash flows, growth concerns remain significant. He points to multiple challenges, including visa restrictions, generative AI disruptions, and muted discretionary spending in the US markets. Given these factors, ASK has adopted an underweight stance on IT within its portfolios, preferring to focus on long-term compounding opportunities in other growth-driven sectors instead. Listen in