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Daily Voice | After September quarter earnings, these 7 sectors should outperform over next 2-3 years, says Sachin Shah of Emkay

According to Shah, the worst of commodity inflation is probably behind us, with only crude oil prices still high.

November 24, 2021 / 11:44 PM IST

Sachin Shah, fund manager at Emkay Investment Managers, says Q2 results have been quite decent in terms of top line (volume) growth and indicate that demand-side drivers are intact.

After the September quarter earnings, the worst of commodity price inflation has probably peaked and the worst could be behind us, he told Moneycontrol in an interview. The only “joker in the pack” is crude oil prices, which are still significantly elevated, said Shah, who has over two decades of experience in the Indian equity markets. Edited excerpts:

SIP inflow remained strong above Rs 10,000 crore for the second consecutive month in October. Do you expect the SIP flow to remain above that mark in the coming months?

I believe so. Low penetration of equities as an asset class (less than 15 percent of financial savings; less than 10 percent of India’s population invests in equities) and very low yields on fixed-income assets (bank FDs, debt funds) have probably triggered the much-anticipated and awaited secular/regular/consistent/disciplined allocations to equities by retail savers of the country.