ETMarkets Fund Manager Talk: This fund manager is betting on 3 major themes to play on the India growth story
As domestic growth prospects remain promising, backed by capital investments and policy support, Ambit Asset Management is betting on three major themes to play on India’s story.
Mass consumption, manufacturing and industrial, and exports are the three major themes that the asset management firm is bullish on. “We are becoming increasingly positive on the mass consumption theme, driven by the recovery in the Hindi belt, deflation in raw material prices, and large companies taking aggressive price actions,” said Bhargav Buddhadev, fund manager at Ambit Asset Management, in an interview with ETMarkets.
Buddhadev holds a positive outlook on the manufacturing and industrial theme, as he anticipates a revival in private capital expenditure. Lastly, he favors the export theme, given the government's implementation of various policy initiatives such as signing FTAs and incentivizing several sectors through PLI schemes. Edited excerpts:
What’s the fate of mid- and smallcap stocks after the recent stress test results released by AMCs?
Bhargav Buddhadev: We believe there has been some froth in the smallcap segment, given that the price performance for several stocks has been significantly ahead of fundamentals.
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