![]() How do you expect H2 CY23 to pan out for markets? Pharma, textiles and chemicals are the players we are leaning toward in this space for the long term. If you see, the decadal story, it’s about consumption and manufacturing, and it’s in the small and mid-cap space where we have players poised to benefit. Small and mid-caps will be driving the Indian markets for the foreseeable future. Midcap and smallcap stocks have stolen the show in the last few months? Which segments look attractive from a long-term perspective? We see opportunities in infrastructure and capital goods besides the sectors I discussed earlier. Which sectors are chasing smart money according to you? Where are you seeing opportunities?įinancials, consumer discretionary and capital goods are being bid up by smart money. We have seen this in Q4 results and management guidance is echoing the same. The companies we invest in are either fully integrated or operate at the higher end of the value chain.įor chemicals and pharma companies, margins took a terrible impact last year because of the rise in raw material costs, and now we are seeing wholesale price index degrowth which is very supportive of the margins of these players. The falling cotton prices, improving inventory situation, and de-coupling of Western brands from China are the immediate tailwinds that are manifesting for textiles. We are inclined towards companies doing value addition and having high growth prospects while they are available at very cheap valuations. This isn’t the case just with smallcase, but also on our PMS side. Textiles, Chemicals and Pharma are the main sectors we have exposure to. ![]() Which are the sectors your smallcase has major exposure to and could you explain the rationale for the same? It’s not just about companies that are into EVs and renewables, but those that are high on corporate governance and socially inclined – investors are equally prioritising these aspects. Traction has been positive and we are seeing an increase in enquiries for allocation into our ESG fund. Hence, this space is yet to evolve and we will see many small and mid-cap-oriented ESG funds with proprietary and subjective grading systems coming up. And namely, these funds have heavy exposure to mega and large caps where capital appreciation is limited. ![]() See the Activity Guides to learn ways to protect your health when the AQI reaches unhealthy levels.There’s only a limited number of ESG funds in India compared to other markets. Health warning of emergency conditions: everyone is more likely to be affected. Health alert: The risk of health effects is increased for everyone. Some members of the general public may experience health effects members of sensitive groups may experience more serious health effects. The general public is less likely to be affected. Members of sensitive groups may experience health effects. However, there may be a risk for some people, particularly those who are unusually sensitive to air pollution. AQI Basics for Ozone and Particle Pollution Daily AQI ColorĪir quality is satisfactory, and air pollution poses little or no risk.Īir quality is acceptable. The color makes it easy for people to quickly determine whether air quality is reaching unhealthy levels in their communities. Each category corresponds to a different level of health concern. When AQI values are above 100, air quality is unhealthy: at first for certain sensitive groups of people, then for everyone as AQI values get higher. AQI values at or below 100 are generally thought of as satisfactory. For example, an AQI value of 50 or below represents good air quality, while an AQI value over 300 represents hazardous air quality.įor each pollutant an AQI value of 100 generally corresponds to an ambient air concentration that equals the level of the short-term national ambient air quality standard for protection of public health. The higher the AQI value, the greater the level of air pollution and the greater the health concern. Think of the AQI as a yardstick that runs from 0 to 500. AQI is EPA’s index for reporting air quality.
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