Why export-focused companies are poised for success? Venugopal Manghat answers
«The focus on exports is clearly very strong from the government side, as well as the country is doing well, the economy is doing well and one of the key ingredients of the forecasted growth over the next five to seven years is the exports component and that is what we are looking at to target and specifically the companies that are exporting and likely to do well on the export side over the next five to seven years,» says Venugopal Manghat, HSBC Asset Management.
First, I want to talk a little bit about this Export Opportunities Fund, the NFO. Tell us a little bit more about it as to what the rationale and the theme is.
Venugopal Manghat: This is focused on the export opportunities from India. So, we are looking at a universe of stocks or companies that would be having exports revenues of more than 20%.
And it can comprise of both merchandise exports as well as services exports, both will have a place in the portfolio. It would be a flexi-cap kind of portfolio, which means that it can have large, mid and smallcaps across the spectrum. The focus on exports is clearly very strong from the government side, as well as the country is doing well, the economy is doing well and one of the key ingredients of the forecasted growth over the next five to seven years is the exports component and that is what we are looking at to target and specifically the companies that are exporting and likely to do well on the export side over the next five to seven years.
Because in the backdrop of the outsized Fed rate cut, wanted to
