"We see good potential in Indian equities over the long term. Given the huge innovation happening in India, we are very bullish on the listed equity space for the next decade," Vivek Sharma, director (strategy) at Estee Advisors and head of investments at Gulaq, a part of Estee Group, says in an interview to Moneycontrol.
On sectors to watch, he says, "Based on more than 100 factors that our algos analyse on the BSE500, we see a lot of value in industrials, materials, and utility sectors. We are bullish on these three sectors which have about 55 percent weight in our portfolio compared to BSE500 which has less than 25 percent in these three sectors."
Do you expect enormous opportunities in the real estate space in the coming quarters?
We don't expect any outperformance in real estate in the near term, hence we are neutral on it. We see better opportunities elsewhere like materials and industrials. Home prices have picked up in the last one to two quarters but real estate stocks have priced in all the upside for now. However, over the long run, real estate upcycle will help real estate stocks to perform well.