From branded underwear to passenger cars, consumer goods are India’s best stock market bets. And they’re ones you can make money in even when the shares aren’t cheap.
That’s the view of Axis Mutual Fund in Mumbai, whose long-term equity portfolio holds 26 per cent in consumer discretionary and staples companies, together the second largest holding after financials. The fund posted average annual returns of 24 per cent over five years, beating 96 per cent of peers.
