According to global fund NAV Capital, India’s favourable macroeconomic factors make it an attractive investment destination for 2023. However, a major market rally is not expected until after the 2024 general elections. The fund is comfortable with the valuations in India and finds midcaps and smallcaps particularly attractive. Recently, NAV Capital launched the NAV Capital Emerging Star Fund, which focuses on small and microcaps. The fund takes a unique stock-selection approach by considering the commitment of promoters and the ethical management of companies. The article also touches upon the fund’s views on the consumption sector and the balancing of risk in portfolios. Overall, NAV Capital remains bullish on India’s market potential, provided a stable government is formed after the 2024 elections.
