ETMarkets Fund Manager Talk: This CIO picks 10 sectors that can attract foreign investors looking to build growth portfolios

economictimes.indiatimes.com:

At a time when major economies globally are facing growth headwinds, India is in a sweet spot, and foreign investors are looking to India for their growth portfolios, says Rajesh Bhatia, chief investment officer at ITI Mutual Fund.
The key industries beckoning foreign investors in India in 2024 include healthcare and insurance, fintech, renewable energy, automobiles, real estate and infrastructure, among many others, Bhatia said in an interview with ETMarkets. “These have all been on a hot streak in 2023, as foreign direct investment (FDI) policies have relaxed in recent years, and production-linked incentive (PLI) schemes have promoted industry-wise capacity building,” he said. Edited excerpts:

How has the year 2023 largely been for the funds managed by you?
If we look at the financial year, then FY23 was a flat year for the indices. However, it was also a “stock-pickers” market, meaning analysts who could diligently assess the prospects of individual companies and businesses, did better.

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Fortunately, that played to our strength of our stock-picking philosophy and consequently, most of our funds were able to provide an upper quartile experience for our investors.
Since the bottoming of the equity markets around March 2023, the momentum for our fund performance has continued. We feel very good about our investment processes, investment approach and our risk management frameworks moving forward.

How does 2024 look up for the Indian equity market? What are the key factors