Overall macroeconomic factors provide comfort as we are seeing a fall in inflation, a pause in interest rate cycles, an increase in foreign investment in the equity markets led by issues being faced globally. General consensus is that interest rates increase is largely done for, and we might see softening in the same in the near term. The small and midcap theme has delivered superior returns over the long term on a rolling return basis; hence, from a long-term perspective, it makes sense to allocate capital to this sector. The EV sector in India is being driven by the government’s push toward electric vehicles, the rising awareness about the environmental benefits of EVs, and the falling cost of batteries. Anurag Jhanwar advises investors to look closely at stocks in the auto and OEM space to play the growth story. The recent HDFC – HDFC Bank merger positions HDFC Bank as the 4th largest bank in the world, and it changes the dynamics of the Indian financial sector. Jhanwar believes that this merger will benefit shareholders in the medium to long term. Despite some central banks raising rates, India remains a bright spot and is attracting FIIs back to the market. In terms of asset allocation ahead of elections, Jhanwar suggests allocating more capital towards equities and higher interest rates bonds, and less towards gold.