Expect the rally in Indian market to broaden over next 6 months, says Sundaram MF

When asked about the pick of the pack in the consumption sector, he replied, “If one has a bit of a longer-term perspective - a lot of these leveraged names right from hospitality, hotels, holiday homes, etc., which are now suffering... Also, some of the names in the multiplex sectors have been shut down including the retail malls across the metros – a lot of these companies will start to get good interest from the investors at large. More importantly, we should look at the consumer discretionary part.”

On fast-moving consumer goods (FMCG) names, Kumar said, “I think the trade balance will shift from investors from FMCG being 'overweight' to moving to 'overweight' position in consumer discretionary.”

In terms of specialty chemicals, he further mentioned, “We find specialty chemicals as a niche area which could become larger in the mainstream over a period of time." "So, in our portfolio, we would find that we always pair it through Navin Fluorine, Aarti Industries  – we have tried to take our picks there.”