Digital lenders’ play for MSMEs; Ola Electric to launch e-autos

If we just look at data of the last five years of emerging market performance in dollar terms – it is negative, and India is about 7% to 8% positive in the dollar terms. It is negative is because China, Russia, etc., everything has disappointed. Overall, eventually people will realise that this basket approach of investing with BRICS or EMs, etc. in India, may not be working for them. It is probably not a scientifically constructed basket..

During the current fiscal year ending March 31, 2023, only nine companies have raised ₹7,619 crore via QIPs, compared to ₹28,532 crore in FY22, according to data from the primary market tracker Prime Database. In FY21, 31 companies raised ₹78,045 crore through this route, while in FY20, 13 companies garnered about ₹51,216 crore, the data showed.

In this years ET Wealth-Morningstar Fund Manager Rankings, we tell the tales of some of these market mavens who have not wavered from their paths and focused on making their portfolios resilient for the years to come.

Kravis spoke to Arijit Barman on a range of topics that included US jobs and capital markets and the impact on deal-making, exits, PE consolidation and where in India KKR, one of the world's biggest private equity firms, will make the next big investment. From cyber security to data centres and financial services and AI, the scope is broad. If India can be a low-cost and efficient producer and the infrastructure and red tape continue to get better, Kravis is confident the economy will attract more overseas investment.

China's BYD, a leading electric car manufacturer globally, aims to solidify its position in India's luxury electric vehicle segment, focusing on cars priced above Rs 30 lakh. Despite recent challenges due to increased government scrutiny of investments from China, BYD is committed to showcasing its technology and expanding its footprint in India's premium electric vehicle market.

“There is a certainty in India that one allows one to think from a 15-20 year perspective. There is a kind of money which we are expecting. I will be personally very surprised that after May election, political instability, if $100 billion does not come in India through bonds and equity. Normally $15-20 billion comes.”

The partners are confident that just between the existing synergies, they will be able to support over 100,000 electric vehicles by 2030.

India's electric vehicle market is expanding rapidly with government support and increasing consumer awareness. Tata Motors leads the market with a range of popular models, while MG Motor India, Mahindra & Mahindra, and BYD are also prominent players.

Ravi Dharamshi of ValueQuest Investment Advisors says that there are mega trends happening and somebody is at the forefront of it. The four megatrends are financialisation, manufacturing, the consumption J curve and energy transition. The idea is to make people see 5-10 years ahead and the people who are riding the trends. He further recommends staying invested in financials for the next few years,

Small and mid-sized funds have seen high inflows, causing concern among authorities about how they would hold up in the event of a sharp market selloff. The Securities & Exchange Board of India (SEBI) has also been reviewing stress tests conducted by such funds, sources have previously said.