Devang Mehta, Deputy Managing Director & CIO - Equity NDPMS at Spark Private Wealth Management, has identified three key themes for investors over the next 2-3 years. According to reports from CNBC TV18, Mehta sees capital expenditure (capex), credit growth and discretionary consumption as the primary drivers for market returns during this period.
Mehta's investment approach favours engineering, manufacturing, power, financials and select consumption plays. As reported by CNBC TV18, he specifically recommends these sectors based on their potential to benefit from the identified market themes. The strategy focuses on sectors with strong domestic demand and growth prospects.
Conversely, Mehta avoids IT and sectors with strong global linkages such as metals. According to the report from CNBC TV18, this positioning reflects a preference for domestic-focused sectors over those with significant international exposure or technology dependence.
The investment strategy positions investors for the next leg of returns by focusing on sectors that are expected to benefit from the identified market themes. As reported by CNBC TV18, this approach targets sectors with strong fundamentals and growth prospects aligned with the expected economic drivers over the next 2-3 years.
