Trimming holdings in PSUs, auto; sitting on 16% cash in value portfolio: Nilesh Shetty

Nilesh Shetty, Portfolio Manager at Quantum Advisors, sees limited opportunities due to high valuations and slowing earnings. They've focused on private sector banks and insurance but have trimmed holdings in public sector and auto stocks. With 16% cash levels, they expect this to rise if the market continues its upward trend while remaining cautious about frothy valuations.