ETMarkets Smart Talk: Investment Themes for 2025: Growth, value, and the importance of margin of safety, highlights Sahil Kapoor
“Earnings growth, margins for a wide variety of businesses and the most crucial – the margin of safety of investors new investments that are put into various assets incrementally in 2025 and beyond,” says Sahil Kapoor, Head of Products and Market Strategist, DSP Mutual Fund.
In an interview with ETMarkets, Kapoor said: “Private banks, selects PSU banks, Healthcare providers, select Auto OEMs and some insurance companies appears to have a good mix of valuations, steady earnings and probability of decent growth outcomes are key themes for 2025,” Edited excerpts:
Geopolitical concerns and political uncertainty in some of the countries weighed on markets in early December. What is your take on the markets?
Nuclear, Chemical and Biological concern are ever present and are usually never priced in because of how uncertain the outcomes are. It is tough to understand how much of current geopolitical concerns are in the price or are weighing on how investors perceive their investments. The key is that none of these events, so far, has caused any disruptions to earnings of domestic Indian businesses and may have had only limited impact on exports and those with global value chains. Hence, it is important to focus on valuations, earnings and the quality of those earning. These are the parameters which matter and we are witnessing some deterioration in all three parameters.
The Nifty50 should hopefully close the year with double-digit gains. How do you see markets in 2025?
I don’t have the ability to judge the market movement
