Mumbai, Aug. 18 -- Uncertainty sparked by the US's crushing tariffs on Indian imports could abate by the second half of the fiscal year, which will see a rise in government capex , festival-led consumption, an improvement in rural demand owing to a favourable monsoon, and a broad-based pick-up in credit growth, said K Sivakumar, chief investment officer, ICICI Prudential Pension Funds Management Co Ltd.

With the RBI front-loading interest rate cuts, he sees room for one more cut by the end of the year and expects the spread between the 10- and 40-year government securities to shrink in the medium term . Growing interest of private sector participants in the NPS will enable fund managers like him to deploy funds at attractive valuations, ...