Kenneth Andrade, Founder & CEO of Old Bridge Capital Management prefers Indian pharmaceutical generics companies, and sees potential in India's infrastructure, energy, and manufacturing sectors.
"When you combine all these sectors with manufacturing, which is a substantial part, they would make up about 50-60% of our portfolio," said Andrade, who manages over ₹8,000 crore in funds.
Of the 23 stocks in its focused equity fund portfolio, 50% are in mid- and small caps and the balance in large-caps.
The inaugural fund for Old Bridge, an open-ended scheme, was launched in January this year.
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"Till now, agro commodities, whether it is agro chemicals, fertilizers, seeds, etc. They've been reasonably subpar in terms of performance, but they've been okay, as far as the index is concerned. But to get that, right, I think we need price inflation that comes back," he noted.
According to data released by the commerce ministry on March 14, India's wholesale price index for February decreased mostly because prices of manufactured goods and power dropped more. In February, wholesale prices fell to a four-month low of 0.20% compared to a 0.27% increase in January.
In February, manufactured product prices fell 1.27% against a 1.13% fall in the previous month, while fuel and power prices fell 1.59% from a year earlier, compared with a 0.51% drop in January. Food prices rose 4.09% year-on-year compared with an increase of 3.79% in January, while prices of primary articles were up 4.49% versus a rise of 3.84%.
For the entire interview, watch the accompanying video
(Edited by : Shweta Mungre)
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