Sheth’s big bet on pharma is solid growth in the domestic market leading to market share expansion for key players, and that on media is about consumers increasingly becoming open to pay for quality content. He sees ports as critical for driving manufacturing efficiency.
“My sense is that in the next three years, we are not going to see what we are seeing in the past 10, 15, 20 years because the risk free rate of return was itself much higher. That is what I would say to any investor who is looking to invest in equity.”
“From our perspective and that is what our portfolios reflect, pharma, telecom, media and bottom up ideas across the auto components, even in infrastructure companies like airports, ports, are where we see good opportunities for at least next one to three years. These companies are very well poised and are also available at a reasonable price”