Who should Jefferies' Chris Wood be selling HDFC Bank and PB Fintech shares for?

Jefferies' Christopher Wood is reshuffling his India long-only model portfolio by dropping HDFC Bank and PB Fintech's PolicyBazaar in favor of Multi Commodity Exchange of India (MCX) and eyewear retailer Lenskart Solutions.

• Option 1: Sell HDFC Bank and sell PolicyBazaar
• Option 2: Invest more money in HDFC Bank and less in PolicyBazaar