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“Currently we are overweight in the healthcare sector where we see lots of opportunities. We are also overweight in the telecom sector because we see the market structure supporting the listed companies and a potential for non-linear increase in profitability in many companies. We are also overweight consumer staples, predominantly the consumer retailers.”
Stock-specific action is expected as India Inc begins sharing its report card for Q4 as well as FY 24. TCS will be first off the block, with numbers expected after market hours today
Paharia anticipates a gradual market shift towards high-quality, high-growth companies over the next one to three years, away from weaker quality, low-growth names.
The fund strategy will have a minimum allocation of 25 percent each to large-cap, mid-cap, and small-cap stocks, which is in line with the investment mandate of multi-cap funds.