Advise select exposure in midcap consumption space: David Pezarkar

In a chat with ET Now, David Pezarkar, CIO-Equities, BOI AXA Investment Manager shares his views on the midcap consumption space.

ET Now: What do you like from the midcap consumption space as a theme, as an idea, as a business?

David Pezarkar: There are a number of Indian companies who have built extremely strong brands and we are positively inclined towards a number of those midcap consumption companies because we think that, considering the relative valuations in that space and considering the larger companies, the smaller sized Indian companies are trading at more attractive numbers, given the kind of growth that they could achieve as they increase their penetration.

So, we are positive on Indian consumer names, some of the companies which have acquired brands globally and have successfully incrementally contributed to their growth. Therefore overall it would be a prudent strategy to have a select exposure to the midcap consumption space.