You should be two thirds happy if your portfolio comprises of BF, PEL and manappuram.
I personally didnt like the kind of NPAs created by manappuram’s MFI subsidiary and hence ha exited. gold loan itself seems to be a saturated markets and with a lot of other players moving into gold loan financing there’s nothing niche left in the segment.
About axis, I think the two laggards viz. axis and icici bank have finally started moving even though the expected results are some time away. As you say with other counters having run up the MF and large cap money might very well end up chasing these laggards. Both axis and icici seem good on charts, coming out of consolidations.