New Delhi, April 7 -- Rajesh Bhatia, Chief Investment Officer (CIO) at ITI Mutual Fund (MF), believes this is a stock picker's market, and one should focus on sectors with greater visibility and predictability. In an interview with Mint, Bhatia said private banks, life insurance, telecom, utilities, etc., look relatively stronger sectors. Here are edited excerpts of the interview:

Mutual funds continue to witness net inflows despite the correction in the equity markets. Indian equity investors in the mutual funds are taking a very mature, long-term view of Indian equities. As the markets decline, we are now often asked, "What is a good time to invest more?"

The challenges now are more global than just local. The global environment remai...