Where should you invest this Diwali? Nilesh Shah, Radhika Gupta and 6 others share their top themes

Are you looking for the best investment ideas this Diwali? Here is what these nine fund managers consider suitable for gifting, as reported by ETWealth.

It’s asset allocation. Instead of hunting for the next multi-bagger, stay with the dharma of proper allocation across equity, debt, and commodities through mutual funds. They are the steady diyas that keep burning bright.

Consumption would be my Diwali pick. Festive cheer may provide the initial spark, but improving demand keeps the momentum going.

This Diwali, I would light up India’s domestic growth story. Rising aspirations, strong consumer demand, financialisation and a healthy investment cycle will continue to create opportunities across sectors.

My Diwali pick would be the twin themes of consumption and financialisation. Festive demand may provide the immediate glow, but rising incomes and growing participation in financial products support a longer runway. I also like building materials and select auto ancillaries.

I would light up India’s manufacturing story this Diwali, focusing on automation, precision engineering and electrical infrastructure. I prefer companies with strong execution, customer relationships and capital discipline that can convert growth into sustainable returns.

It’s the power generation and electrical equipment theme. The sector offers a long-term structural opportunity supported by rising energy demand and ongoing grid modernisation.

Indian equities. They have underperformed for two years, and it is about time Indian markets did well for a number of reasons—most important being to get back to double-digit US dollar growth in earnings.

Large-cap equities. With valuations below long-term averages and five-year returns close to fixed deposits, they offer attractive risk-reward. Large caps also house many of the market’s highest-quality businesses.