Niveshaay Bets on Two Themes if Domestic Growth Trajectory Sustains

Arvind Kothari, smallcase manager and founder of Niveshaay Investment Advisory dwells into the two major themes he is bullish on, why he is more bullish on the discretionary space, and his view on 2024 for the markets.

Consumption – A multi-year theme

Consumption has always been a multi-year theme and integral to the growth of the economy. A combination of the enormous size of the population, favorable demographics dividend, and burgeoning lower- and middle-class segments, who have a higher propensity to consume, is favorable to driving this growth in India.

Discretionary play

The overall luxury market in India is expected to grow 3.5 times the current size to reach $200 billion by 2030. So, the discretionary space looks interesting to us, and we are comfortable about investing in companies where valuations are more palatable.

The second Favorable theme

Manufacturing is another theme that Arvind Kothari is bullish on, and believes that a third term for the incumbent government in 2024 would back manufacturing and consumption themes as it would signify political stability, and continuity of reforms.

Focus on high-growth sectors

Niveshaay’ s investment portfolio primarily focuses on high-growth sectors that have significant potential for future growth and are expected to perform well, such as Make in India, Energy Transition, Power sector, Railways, and Defence, among others.

Arvind Kothari explains why he is bullish on consumption story?

Key highlights of the above Webinar:

1. How is the consumption demand in India evolving and users are opting for premium products
2. The number of Demat account holders in India has touched 12.7 crore mark, how does it impact BFSI stocks and how exchanges & custodians will benefits from it
3. How long should you invest in a consumption stock and what are the key metrices you should track before investing

NIVESHAAY INVESTMENT ADVISORS•SEBI Registration No: INA000017541

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