We have embarked on a very strong Make in India initiative. So, for example, something like electronics, cell phones, etc, are getting manufactured in the country.
Motilal Oswal AMC has a turnaround in performance with 90% of the total schemes outperforming their respective benchmarks. This has led to an improvement in assets under management (AUM) to Rs 71,810 crore in March 2024 from Rs 45,712 crore in March 2023.
Santosh Kumar Singh, Fund Manager at Motilal Oswal AMC, expresses concerns about those areas of the market which have shown sharp corrections and high valuations. He is bullish on auto components, technology in vehicles, and capital markets. He sees potential growth in certain sectors while cautioning about mid and small caps.
The Nifty 500 Index emerged as one of the top-performing global indexes over the past decade. Midcap index outperformed small-cap and largecap indices.