India’s next generation of wealth creators could emerge from sectors such as manufacturing, healthcare, financial services and emerging technologies. However, identifying the right opportunities will require investors to look beyond promising sectoral themes and focus on companies that can deliver sustainable earnings growth, healthy cash flows and strong returns on capital.
In an interview with Kshitij Anand of ETMarkets, Sanjay Doshi, Head – Investments & Research at Abakkus Mutual Fund, says that while largecaps offer valuation comfort following a correction, selective mid- and smallcap companies continue to present opportunities backed by stronger earnings growth prospects. He emphasises that valuations must be assessed alongside the sustainability of growth, with disciplined stock selection remaining crucial in a market where performance can vary significantly across companies.
