Shift to 12-13% growth will create a selective market: Vinit Sambre

Says caution is warranted for segments with stretched valuations and peaking business cycles, such as engineering and capital goods or automotive

Corporate India is transitioning from a period of exceptional earnings growth — exceeding 25 per cent over the past two to three years — to a more sustainable growth trajectory of 12-13 per cent over the next few years, says VINIT SAMBRE, head — equities at DSP Mutual Fund (MF). In an interview with Abhishek Kumar in Mumbai, Sambre explains how this shift will likely create a more selective market environment. Edited excerpts:

 

2024 proved to be another year of strong equity MF returns across categories. What drove the rally? How is the environment looking for 2025?

  The gains