Rushabh Sheth, Co-CIO, Karma Capital, says: "The stock market outlook remains uncertain as the business landscape undergoes rapid changes. Factors such as consolidation, technology advancements, as well as the impact of the US elections on India add to the complexity. Identifying future investment opportunities is a challenge in this evolving market.
“We will have to wait and see how the agriculture and rural economy plays out over the next 6 to 12 months. But even apart from that, I think the domestic two-wheeler demand has been reasonably good and I think that is not going to really change too much in the next 12 months.”
"Our philosophy of GARP remains the same across our strategies, whether it is Karma wealth builder- our flagship flexicap strategy, Karma Capital Lotus - our mid and smallcap strategy, or Karma Capital Magnolia - our large cap focused strategy. Our approach of identifying investment ideas through bottom-up, fundamental and first-hand research remains at the core."
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.