This PMS is betting on India reaching 16% of world GDP by 2047

livemint.com:

₹3,600 crore, is setting his sights high with plans to launch a new venture—the Bharat Amritkal Fund, a category III Alternative Investment Fund, requiring a minimum investment of ₹5 crore. With this fund, Khemani, a Portfolio Management Service (PMS) manager, aims to capitalize on India's economic trajectory, betting on sectors expected to undergo substantial growth, including manufacturing, banking, infrastructure, and consumption, as the country targets a $29 trillion GDP by 2047, accounting for an estimated 16% of global GDP. This strategy also reflects Khemani's confidence in an outright victory for the Bharatiya Janata Party (BJP)—a thesis that now looks a little shaky.

As per the latest available trends, the BJP-led National Democratic Alliance is leading or has won in 291 seats, a sharp decline from the 352 seats won by the coalition in 2019, while the INDIA bloc is ahead in 234 seats. Mint spoke to Khemani in detail about his strategies, and the vision behind the Bharat Amritkal Fund. Edited excerpts: With markets experiencing significant growth, the questions we often receive from clients focus on market sentiment and valuations—market kitna lagta hai (What’s the mood of the market), how are valuations looking, etc.

This led me to adopt a broader perspective, to showcase the potential that lies ahead. By taking a long-term view, we recognize that India is entering a unique phase of development. From our experience, substantial returns are garnered from prolonged investments, but such commitments require strong conviction in the outcomes.