1. Quite bullish on India rural theme
- Becasue of direct benefit transfer, crop insurance - there is lot of certainity in rural incomes
- Rural is about 14% of GDP, but that 14% contributes 20% to services GDP - which put together is huge
- Fertiliser companies, tractors, seed companies, insurance companies, etc., to play rural theme
- At times, he plays commodities like sugar. He invested in sugar companies during the bottom of the cycle
2. Quite bullish on India consumer theme
3. Against banks, NBFCs etc.,
These are highly leveraged companies.
Example - NBFCs are leveraged about 7 times or so. Their best period is behind them.
http://economictimes.indiatimes.com/markets/expert-view/rural-india-and-consumer-business-are-huge-pockets-of-opportunities-kenneth-andrade-market-expert/articleshow/52742503.cms
- Becasue of direct benefit transfer, crop insurance - there is lot of certainity in rural incomes
- Rural is about 14% of GDP, but that 14% contributes 20% to services GDP - which put together is huge
- Fertiliser companies, tractors, seed companies, insurance companies, etc., to play rural theme
- At times, he plays commodities like sugar. He invested in sugar companies during the bottom of the cycle
2. Quite bullish on India consumer theme
3. Against banks, NBFCs etc.,
These are highly leveraged companies.
Example - NBFCs are leveraged about 7 times or so. Their best period is behind them.
http://economictimes.indiatimes.com/markets/expert-view/rural-india-and-consumer-business-are-huge-pockets-of-opportunities-kenneth-andrade-market-expert/articleshow/52742503.cms
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