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Daily Voice | This fund manager bets big on banking, auto sectors, stays bullish on economic growth

Contract research and manufacturing can remain a long-term secular growth opportunity for India since the sharp rise in global demand in this space for Indian players is positive.

November 03, 2022 / 08:06 AM IST
Anil Rego of Right Horizons

Anil Rego of Right Horizons

The overall corporate earnings growth looks muted so far but banking and automobile look upbeat, according to Anil Rego of Right Horizons PMS.

The banking space reported strong topline growth because of healthy disbursements and higher loan rates and robust earnings growth on the back of good growth in advances, lower provisioning for loans, and expanding net interest margins (NIMs).

The founder and fund manager at Right Horizons is a pioneer in the contrarian style of investing and a seasoned investor for over three decades. Earnings growth is expected to be better in the second half of this year mainly due to softening of industrial commodities and destocking witnessed in Q1 eases and realisations improve, he says in an interview with Moneycontrol. Excerpts from the discussion:

Why is the special RBI meeting essential to look at?