ETMarkets Smart Talk | Manufacturing, healthcare and financialisation could create India’s next wealth creators: Sanjay Doshi
Abakkus Mutual Fund’s Sanjay Doshi sees opportunities across market capitalisations, despite elevated mid- and smallcap valuations. He urges investors to prioritise sustainable earnings, cash flows and returns on capital, maintain disciplined stock selection and align SIP allocations with long-term goals.
Sanjay Doshi, Head of Investments & Research at Abakkus Mutual Fund, discusses the potential wealth creators from manufacturing, healthcare, financial services, and emerging technologies in India. Doshi stresses that investors should focus on companies with sustainable earnings growth, healthy cash flows, and strong returns on capital, rather than just sectoral themes.
He notes that largecaps offer valuation comfort but mid- and smallcaps can deliver higher growth, around 15-20%. Doshi emphasizes the importance of assessing the sustainability of growth and not solely relying on valuations. He also highlights the risks of elevated valuations and the need for disciplined stock selection. Doshi advises investors to align their SIP allocations with long-term goals, rather than reacting to short-term market movements.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
