Fund Manager Talk | Mirae's Siddhant Chhabria raising allocation in discretionary consumption stocks
Following the Rs 1 lakh crore boost to consumption via income tax relief, Siddhant Chhabria, Research Analyst & Fund Manager at Mirae Asset, is incrementally looking to further increase allocation in the discretionary sector.
«We have been overweight consumer discretionary and underweight staples as the discretionary sector can grow at 1.5-2x GDP growth while staples have the potential to grow at ~1x GDP. Both sectors are trading at similar valuation, hence we prefer discretionary given the growth opportunity,» says the fund manager of Mirae Asset Great Consumer Fund.
The Rs 4,100 crore fund has given a CAGR of nearly 19% in the last 5 years.
Edited excerpts from a chat with Chhabria on how Budget can reshape investment trajectory:
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