if i look at the guidance from wipro the management commentary was not all that colourful but tcs has indicated and acknowledged that it is business as usual for them and they are likely to grow at a 10 plus rate which is above the nasscom guidancenirmal jain in terms of valuations wipro is a little more attractive as compared to tcs tcs is if i am not mistaken already a 4550 billion company so tcs is a good portfolio stock there is no doubt about it but relative valuations at this point what i heard from discussing with our analyst wipro is more attractive at this point of time so i do not know the precise terms of pe multiples and the guidance but that is what our researchers have been recommendinget now what about banks considering we have until now seen a decent amount of runup but clearly npa concern still looms large and given the rate scenario the rbi does not have enough headroom for a further easingnirmal jain one should be cautious on banks particularly public sector banks because as you said although there has been a 50 bps cut we are not out of the woods in terms of inflation and in terms of other macro headwindsso i would say that if you have a large portfolio and have to have some exposure to banks then stick to private sector banks for public sector banks one has to be very cautious and very choosy because npa concerns still loom large in fact one has to wait for the march quarter results as well as the next one or two quarters before you take a plunge in the sector let inflation interest rates and rupee stabilise before we get into thiset now this may sound like a rather simple personal finance question if you have to advise the retail viewer who has capital of about rs 5 lakh and wants to decide between an asset class and if the options are 10 fixed maturity products versus 15 in equities which are not risk free what would you advise for the next yearnirmal jain i would say that split your portfolio 5050 at this point in time put 50 in fmp or fixed income instruments and another 50 in equity through a good mutual fund if your portfolio is just about rs 5 lakhet now before we wrap the discussion i am archiving a statement that there is no churn at the top when it comes to your institutional businessnirmal jain yes absolutely and you should highlight that the chairman of the company has categorically denied and said these rumours are rubbish and motivated