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“We are bottom-up stock pickers. Our recent additions have been in one of the private sector banks and cement spaces. The private sector bank where we added has been quite conservative in terms of lending in the last few years. Recently, given the benign NPA cycle, the economic cycle continues to be fairly favourable. So they are hopeful and even we are resonating their view that credit cost could moderate at least in the medium term. ”

India remains in a favourable position from a global perspective due to strong domestic flows and a flourishing economy, says George Thomas, Associate Fund Manager at Quantum AMC. The country's current account deficit and macro parameters have significantly improved over the past year, which has provided stability to the Indian market despite the volatility of FII outflows. Thomas also sees opportunity in financials, auto and IT.

Economic momentum over the past two years was powered by the premium segment of the market. With inflation moderating, we expect the mass segment to start contributing to the economic expansion.

Indian macros appear to be relatively stable despite global headwinds. Indias GDP grew by 13.5 per cent in 1QFY23 and the quarterly GDP surpassed the pre-Covid level by 3.3 per cent, according to George Thomas, Associate Fund Manager, Quantum ...