This year, we’re closely monitoring the government’s focus on reducing the fiscal deficit from 4.9% to 4.7% while increasing rural spending, which may impact capex in certain sectors post-budget. This slowdown we believe is not structural but rather seen as a phenomenon for calendar year 25-26, after which the base effect will take over. We’ll adjust our risk exposure as we see volatility into those spaces.
Over the past three and a half years at Itus, we’ve invested heavily in technology to improve research, analysis, and portfolio risk management. We highlight how we use data through the lens of a few positions we’re monitoring – power transmission, general insurance, and two-wheelers.