Several infrastructure and capital-goods stocks are trading above their 10-year average PE multiple. Yet, most fund managers are comfortable investing in them because of the underlying growth visibility in these sectors.
Franklin India Bluechip Fund is managed by Venkatesh Sanjeevi, Ajay Argal, and Sandeep Manam. Franklin India Prima Fund is managed by R. Janakiraman, Akhil Kalluri, and Sandeep Manam.
Additionally, strength in the financial sector and banking sector balance sheets, support from policy reforms, and the improving trinity of government spending, private sector capex, and household capex add to a resilient growth outlook.