Capex or Consumption: Where will the next market leaders come from? 

This event promises to give deep insights into emerging market trends and more!

Over the past few years, we have witnessed a capex-heavy economy, where capital expenditure-driven policies fueled an average annualized growth of 30 percent between FY22 and FY24. This period saw substantial investments in railways, shipbuilding, defense, and other key sectors.

As a result, growth stocks—particularly in the PSU space—experienced a remarkable rally. Companies like Mazagon Dock, Hindustan Aeronautics, REC, and Titagarh Rail Systems surged, driven by the rising capex cycle. However, the capex-led growth story now appears to be largely played out, with the government's focus shifting toward boosting consumption.

The recent budget reflects this shift, offering tax relief to individuals with a NIL income tax up to Rs 12 lakh per annum. The move comes in response to a slowing GDP growth rate and weakening corporate earnings over the past two quarters.

To add to this, we are seeing Foreign Institutional Investors (FIIs) moving out from Indian markets because of an attractive US market. Since January this year, FIIs have sold Indian equities worth around Rs 91,000 crore.

This evolving landscape raises a pressing question: where will the next wave of market leaders emerge?

To address this, PMS AIF WORLD, in collaboration with Moneycontrol, presents the Crystal Gazing Investment Summit & Awards 2025, themed “Decoding the Next Bull Run.” Scheduled for February 14–15, 2025, this virtual event promises to provide deep insights into emerging market trends and help investors position themselves for the next structural bull market.

What’s in store?

# Market Outlook 2025 – Where are equities headed?

# Pre-IPO & Private Equity Plays – The best unlisted opportunities

# Cyclical vs. Secular Stocks – Where’s the real wealth creation?

# 10x Return Formula for the Next Decade – What will be the next big multi-baggers?

# Alternative Debt Strategies – Navigating market volatility

The big names in the room

Gain insights from top market veterans, including Sunil Singhania (Abakkus), Samir Arora (Helios), Vikas Khemani (Carnelian), and many more.

The summit will also recognise India’s best-performing PMS & AIF managers—a ranking curated in partnership with IIM Ahmedabad.

Don’t Miss Out!

This is your exclusive chance to stay ahead of the curve in 2025. Reserve your spot now and gain access to expert-led sessions that will define the next big investment wave. And yes, stay tuned to Moneycontrol for a thorough coverage of the event.

Click here to register and you can also use MC100 coupon for discount!