Lenskart IPO a 'subscribe and flip' play, avoid metals; Sebi proposal to revamp MF fees won't hurt AMCs or brokers: Dipan Mehta

Dipan Mehta of Elixir Equities believes SEBI’s mutual fund fee revamp will have minimal impact on fund houses and brokerages. He sees the Lenskart IPO as a ‘subscribe and flip’ opportunity, while favoring public sector banks over private ones. Mehta is optimistic on renewable energy and auto stocks but cautious on commodities and consumer staples.