The coronavirus scare that sent stocks plunging is doing nothing to waver the confidence Akash Singhania has in his stocks. His big bet lies on India’s consumers.
“We are bullish on consumption," said Singhania. He oversees Motilal Oswal AMC’s Midcap 30 Fund, which has beaten 93% of peers in the past year, data compiled by Bloomberg show. “Most companies in our portfolio are gaining market share at the expense of smaller and unorganized players that face liquidity challenges."
