Sectors that PMS expect big returns from in 2024

Fund managers of Portfolio Management Services (PMS) typically opt for a bottom-up approach when constructing their portfolio. However, they also look at sectors in which these stocks fall under to evaluate how the changing macro and other environments could impact their portfolio.
We take a look at the top 10 sectors the PMS managers believe have promising prospects. Source: Finalyca PMS Bazaar. Data as of February 2024.

Financial Services
Weight of the PMS industry: 26.6%
Top three stocks in the sector: ICICI Bank, HDFC Bank, and SBI

Capital Goods
Weight of the PMS industry: 11.5%
Top three stocks in the sector: Bharat Electronics, APL Apollo Tubes, and Hindustan Aeronautics

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Healthcare
Weight of the PMS industry: 9.8%
Top three stocks in the sector: Divis Lab, Sun Pharma, and Dr Reddys Lab

IT
Weight of the PMS industry: 6.9%
Top three stocks in the sector: Infosys, TCS, and HCL Technologies

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Automobiles
Weight of the PMS industry: 6.8%
Top three stocks in the sector: Maruti Suzuki India, Mahindra & Mahindra, and Tata Motors

Consumer Durables
Weight of the PMS industry: 5.4%
Top three stocks in the sector: Titan Company, Asian Paints, and Safari Industries (India)

Consumer services
Weight of the PMS industry: 4.5%
Top three stocks in the sector: Trent, Zomato, and Indian Hotels

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FMCG
Weight of the PMS industry: 4.5%
Top three stocks in the sector: ITC, Varun Beverages, and United Spirits

Chemicals
Weight of the PMS industry: 3.9%
Top three stocks in the sector: PI Industries, SRF, and Pidilite Industries

Services
Weight of the PMS industry: 3.5%
Top three stocks in the sector: Interglobe Aviation, CMS Info Systems, and eClerx Services

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