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Several infrastructure and capital-goods stocks are trading above their 10-year average PE multiple. Yet, most fund managers are comfortable investing in them because of the underlying growth visibility in these sectors.
Shreyash Devalkar of Axis Mutual Fund discusses the market volatility and potential growth areas like FMCG, private banks, and IT. He emphasizes the importance of monitoring valuations and anticipating a market turnaround for these sectors. He says that most of the volatility at the stock level is based on the result season.
Shreyash Devalkar of Axis Mutual Fund discusses market volatility, opportunities in mid/smallcaps, sector focus on earnings, and the long-term trajectory in the power sector, emphasizing caution on asset owner valuations and potential growth in capital goods companies.
Shreyash Devalkar discusses lending entities, stable macros, RBI's GDP target, market dynamics during elections, valuation, attractive segments, and the performance of largecaps, midcaps, and smallcaps, including the impact of PSU entities on asset allocation and returns. Devalkar says: "On a six-month basis. already the large versus mid versus small the differential is 2% to 3%. Normally it is 15% to 18%."
In this years Best Fund Manager rankings, ET Wealth have tied up with investment research platform, PrimeInvestor, to shine the spotlight on 10 such individuals, who have delivered healthy outcomes to investors in the long run. Here are the fund managers who generated the most wealth for investors between 2018 and 2023.