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“We are going to see this transition happen over three-four years. They will both take parallel tracks. We are very gung-ho on manufacturing, not yet so gung-ho on energy transition as a play, but definitely energy is a good part of our holdings and they will interplay with each other very well in the next decade at least.”
“Midcaps are better positioned from a perspective of fundamentals. Pricing wise, we have seen prices decline on both the small and midcap side. Both have roughly corrected 6-5% in this month so far. I would believe that in general the correction has given us a better time to get into midcaps.”
Across 425 active funds in the market, about 95 percent of the AUMs are invested in around only 382 stocks
“We have got a lot of stocks and they are very exciting stocks because they moved up – the railways, the defence stocks. Some of them continue to excite us. The playground is much bigger than the current players, market caps tell us right now. So, there is a lot more scope over there, but there is also some scope in the financial market industry.”
Deepak Shenoy of Capital Mind suggests that investors wait to see how the demergers of Vedanta evolve before making a decision. He believes that the demergers may be a way for the company to sell off individual businesses to repay debt at the promoter group level. Shenoy is not a fan of the demergers, as he believes they are for the convenience of the promoters rather than the company itself.