Manishi Raychaudhuri, CEO of Emmer Capital Partners, outlined his current portfolio approach, placing financials—especially large private sector banks—at the top of his sectoral exposure. “It’s something that I’ve been harping on for quite some time,” he said, noting that these banks have only begun to move up in the past couple of months. He added that recent bank commentary has downplayed concerns about retail loan stress.

Raychaudhuri has also recently added industrials, including large conglomerates and defence companies. He said he stayed cautious earlier but stepped in after a phase of underperformance despite steady earnings forecasts. His holdings include conglomerates with interests in telecom, retail and petroleum, which he sees as broad exposure to India’s growth story. In cont

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