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Daily Voice: FMCG remains an attractive long term bet, pharma holds potential for growth, says Equirus Wealth's Abhijit Bhave

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Abhijit Bhave, Managing Director & CEO of Equirus Wealth, believes that FMCG companies in India are well-positioned to capture the country's growth story due to the increasing penetration of organized retail, e-commerce, and rising disposable incomes. He also considers the FMCG sector to be a stable and attractive long-term investment, particularly during uncertain times. Bhave suggests that investors in the pharma industry focus on companies with robust R&D pipelines and strong balance sheets for sustained returns. He advises retail investors to maintain diversified portfolios through mutual funds and suggests HNI investors focus on fundamentally good but undervalued stocks. Bhave also discusses the importance of maintaining asset allocation and selectively investing in small-cap stocks. Regarding interest rates, he mentions that a reduction in rates may occur if inflation remains within RBI's target range and global economic conditions stabilize.