“We are significantly overweight in the healthcare sector and the financial sector. Within healthcare we are overweight hospitals, within financials we are overweight in NBFCs and private banks. And in terms of underweight, we underweight in the IT and the industrial sector We are also very optimistic about the real estate sector..”
"The Indian economy is witnessing a revival in capex, which is being driven by strong government spending and private investment in key sectors such as infrastructure, capital goods, renewables, oil and gas, automobiles, and certain brownfield upgradation capex. ROEs have been remarkably resilient and improving in the BFSI segment, especially for lenders."
“At least in the near term, largecaps are better placed than midcaps and smallcaps. While on a longer term basis, of course, there are many industries where being present in mid and smallcaps is possibly the only way to play the overall India growth story, but in the near term, valuations are stretched on a relative as well as absolute basis.”
“Autos is a segment which we have liked as a sector. Within midcaps and smallcaps also, there is opportunity within autos. Pharma has been a sector which we have liked. Broadly, within midcaps also, there are sectors which do not have representation in largecaps. So, real estate is one sector, chemicals is another sector and capital goods is also another sector.”
“ Given a lot of nervousness in the market, there is a little bit of profit booking and a reallocation of FII money. Buy equities smartly. Add defensives to your portfolio over the next six months. From then onwards, you can shift to a growth-oriented theme. There is no need to reallocate to debt just for this short-term volatility that I see ahead of the equity markets. ”