Key Points
Sumit Poddar: No doubt, markets have been showing newer highs and which is what is creating fear of heights in the minds of investors. 2023 was definitely a very good year and post that, we are seeing the initial part of 2024 driven largely by the positivity as well as the flows..
If the top line was not really that healthy, we saw some of the sectors literally disappointing, but at the same time some of the sectors took the leadership as far as metals and oil and gas literally showed very good results..
Let us take BFSI itself, despite the kind of numbers that they are delivering, despite the technology literally helping them, yes, even within the sector, we are finding banking and NBFCs, smaller NBFCs are literally helping the portfolio which may incidentally be happening to a smallcap..
Incidentally, they happen to be smallcaps, but at the same time they are growing quite well and that is helping our portfolio to outperform the broad-based benchmark and helping our clients to get the returns which are much higher than a normal benchmark or kind of returns that can be just taken by the ETFs as such..
Sumit Poddar: Well, that has been the discussion since last almost three-four years and yes, entry of a new competitor in a very lucrative sector like paints where return on capital employed is quite healthy, especially looking at the numbers of Asian Paints..
