Market views: How can the market move ahead and talk to CNBC-Awaaz in detail about Bandhan Innovation Fund Bandhan AMC’s VP-Equities Symbol Poddar Said that half a year was very ups and downs. India is important for global investors. The Indian market saw strength, stability and demand. Banks, government, corporates, retail are all stronger. Both political stability and inflation are stable. Further tax cuts and interest rate deduction will benefit. Rural economy will also benefit from good monsoon.
He further said that the consumption will increase in the festival. The consumption is expected to increase between October and December. The consumption sector is expected to be well done. The expenditure will also increase due to pay commission next year. If consumption increases, the investment cycle will start again. The next 3–4 months are possible slightly fluctuations. The market is now less likely to decline.
Innovation fund in what way fund? Responding to this question, he has a big role of innovation in increasing growth. Market cap is essential for creation. Products, process, service, innovation were done at the solution level. There is a focus on the growth -enhancing sector while research and development are based on. Innovation is a strong growth driver for a company. Small startups have become big companies with the help of innovation. Innovation will affect the company’s growth. Companies carry forward growth through innovation. Radical, disorder, incremental innovation. It is a manner a themetic fund.
Allocation strategy? Responding to this question, he said that up to 50% exposure is in smallcap while the largercap took up to 25% exposure. Exposure up to 25% in midcap.
In which sector focus? Responding to this question, he said that we have focus on healthcare, consumer designing, manufacturing sector and technology theme. Healthcare likes chronic and all chronic disease companies. Healthcare has a focus on CDMO companies. At the same time, there is a focus on the renewable theme from the energy transition theme and fossil fuel in manufacturing. There is a possibility of becoming a global manufacturing hub in India.
At the same time, there is a focus on the premiumization theme in the consumer desirement sector. The demand for expensive and better products has increased while the increasing demand for facilities like home delivery is better for this sector. Consumer designs have more than 20% of our allocation.
He further said that commodity has low exposure. Some financial services have an underweight view. Largecap IT has low exposure.
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