Devina Mehra On Market Outlook, Valuations & Investment Strategy

Devina Mehra discusses current market sentiment and the importance of staying invested according to one’s asset allocation. She notes that while short-term market direction is unpredictable, there is no imminent risk of a major correction, and broader market participation has improved recently. She explains that consumption is recovering, inflation has eased, and earnings growth should reflect positively in upcoming quarters. In her portfolios, she remains overweight sectors like pharma, healthcare, auto components and FMCG, and has increased exposure to banks, including PSU banks, which are showing stronger credit growth and cleaner balance sheets. She advises avoiding overly volatile sectors like real estate. While cautious on global tech/AI valuations, she remains comfortable and fully invested in India for the medium term.