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Power, infra, clean tech among top FY25 themes for this fund manager

Money Control · 7m

Ashwini Shami, EVP and portfolio manager at OmniScience Capital, predicts that the Reserve Bank of India (RBI) will follow the lead of the US Federal Reserve and may make a necessary policy decision in response to a potential rate cut by the Fed in May or June. Shami believes that consumer staples are overpriced compared to other sectors like banking, infrastructure, and power, which offer better growth potential at lower valuations. While the rural market may benefit temporarily from higher economic activities during elections, Shami does not expect it to outperform the overall economy. He suggests that investors consider adding gold to their portfolios for stability and protection against inflation, but views equities as a more attractive investment option. Shami also highlights the long-term growth opportunities in the IT sector due to digital transformation and the availability of digital talent in India. As for the RBI repo rate, Shami expects any rate cuts to be driven by the actions of other central banks, particularly the US Fed. He identifies power, banking, infrastructure, NBFCs, and clean tech as top investment themes for FY25.