How will the portfolio be over the next few years and which categories will do very well? Radhika Gupta answers

economictimes.indiatimes.com:

Radhika Gupta, MD & CEO, Edelweiss AMC, says “I do not think the portfolio for a future India can only be a largecap centric portfolio which is what they used to be. The portfolio is going to be a lot more balanced. It cannot be a fully mid and smallcap portfolio, perhaps. But it probably will be an equal weight portfolio of large, mid and small caps. The Indian opportunity is truly multi-sectoral and multi-cap in nature.”

You have come out with a very interesting note and research. What are those factors which are coming together to make this decade a potentially good decade for corporate India, for macros and which will be getting reflected in markets as well?
Finally markets are an outcome of corporate profitability and of what the economy is going to deliver and as people, we spend a lot of time talking about short-term markets but really what we are investing in when we are investing in funds is investing in India and India's decade.

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Now as we see, the decade is a very special one. We are making the migration from this $2,500 GDP per capita to $5,000 GDP per capita when your basic consumption needs as an individual are done and you move on to investments and discretionary consumption. Incidentally, China made this migration in 2008 and I always joke the coincidence between both times is that both had an Apple store opening in that period. But China made this migration between 2008 and they saw the economy expand meaningfully. That is what we are likely to see and the expansion that we are going to see in India is going