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Siddharth Mehta, Bay Capital founder on Indian economy driven by digitization

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Siddharth Mehta, Bay Capital founder on Indian economy driven by digitization

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The ascent in web entrance alongside minimal expense cell phone collect areas of strength for an economy that draw in  Siddharth Mehta Bay Capital founder and CIO to put resources into it. In term of putting resources into arising Indian economy, Siddharth Mehta, former IL&FS director communicating his point view that the ramifications of such organizations for financial backers are significant.

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Siddharth Mehta of Bay Capital believes that the accelerated growth in the Indian economy is the effect of digital interventions

Smartphones and internet access are fueling the growth of digitization in India amid the coronavirus outbreak. Siddharth Mehta, former director of IL&FS, praised the government for choosing the digital platform for vaccination booking. - By arrangement

The rise in internet penetration along with low-cost smartphone assemble a strong digitized economy that attract Siddharth Mehta of Bay Capital to invest in it. In term of investing in emerging Indian economy, former IL&FS Director Siddharth Mehta expressing his point view that the implications of such businesses for investors are profound.

The nature and composition of the economy and financial markets are likely to be very different about ten years from now. As investors, we continue to be extremely bullish on India and particularly the large, dominant consumer internet businesses, many of which are likely to be listed over the next 12- 18 months. While there will inevitably be businesses that will falter and not be able to scale up rapidly, for discerning investors who are able to take a longer view, the opportunities are significant.

The government of India push the digitization from past few years but the really implication has done during the pandemic. The pandemic effect has accelerated the usage of the internet as well as smartphones. From education to earning, every platform acquires digitally driven channels that impacted the growth of digitization positively in India. According to a data there are 758 million internet users in India, with about 700 million smartphones. It is not just enough the data also claimed that India is the highest data consumer in the world that is 13.5 GB per user per month.

IL&FS Former Director Siddharth Mehta does not decide overnight to invest in Indian economy he observes the market growth very closely and see the optimistic surge in the market. He says, "over the last 5 years, policy interventions along with the Jio phenomenon have accelerated India's journey in digitization and over the next decade and more, we see the internet or digital ecosystem becoming a much larger part of the Indian economy".

The expeditious evolution in the digitization has grab the attention of Mr. Siddharth Mehta at Bay Capital to invest-in but he also advices the new investors and emerging business owner about investing in digitally driven Indian economy. He addresses all the new investors and said "our advice to investors would be to remember that the collective resolve of humankind is unparalleled. Despite the near-term outlook being cloudy in India due to the second wave of the pandemic, we do believe that things will start to improve over the next 6-8 weeks". And his presumption of 6-8 weeks of wait to improve the situation actually works as the Indian government declared the online booking of vaccination slot of antivirus dose that thrilled Indian public owing the Internet platform to book their slot. this really a masterstroke to involve all those citizens of the nation that is derived from the digital world in the first wave of COVID-19.

Further adding to his word while addressing the future investors and business owner Mr. Siddharth Mehta said "As investors, one should have a 5-year view and own businesses which will be beneficiaries of many of the themes that are accelerating as a result of the pandemic. Moreover, we are likely to see many businesses from the internet or digital space getting listed over the next 12 to 24 months and these will be very interesting businesses to focus on (selectively) and own for a long-term oriented investor ".

One of the most significant opportunities in the Indian internet space is the emergence of the next billion users (NBU). It's safe to say that the next lot of internet users in India are going to be very different from the past. These new users are likely to be from the smaller cities and towns. Therefore, the 3 Vs - Voice (60 per cent of internet users interact via voice assistants), Video and Vernacular are going to be significant drivers of value accretion. Businesses that recognize and tap into this opportunity are likely to be outsized gainers.

Mr. Siddharth Mehta at Bay Capital said that the main drivers of the India narrative, notably the demographic advantage, the fact that we are approaching $2,000 per capita income, which has historically proven to be an inflection point for many countries, and India's accelerating financialization and urbanization, excite us as investors.

Disclaimer: No Asian Age journalist was involved in creating this content. The group also takes no responsibility for this content.

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invest in digitally-driven indian economy

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Siddharth Mehta of Bay Capital Keep a Close Eye on Digitally Driven Indian Economy

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Siddharth Mehta of Bay Capital believes that the accelerated growth in the Indian economy is the effect of digital interventions

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Top 5 MFs with exposure to IT stocks that gave over 15% returns in 5 years

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Top 5 MFs with exposure to IT stocks that gave over 15% returns in 5 years

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Equity markets have been range-bound in the last one month, ending with a smart recovery towards the end. Analysts expect the uptrend to continue going forward with strong results from banking companies. In such a scenario, here are six smallcap stocks with highest bullish estimates from analysts that can rally up to 55% in the short term(Source: Trendlyne)

While the jury is out on the prospects of technology stocks amid fears of recession or at least a slowdown in major economies along with cuts in discretionary spending, ETMarkets tracked equity mutual funds which have exposure to IT stocks and have given 15-20% returns in the last 5 years.

5 Technology funds to consider:

1) ICICI Prudential Technology Direct Plan-Growth Fund
The current Net Asset Value (NAV) of the ICICI Prudential Technology Fund - Direct Plan as of June 06, 2023, is Rs 147.38 for the growth option. Its trailing returns over different time periods are 0.93% (1 yr), 38.37% (3 yr), 21.62% (5 yr), and 21.6% (since launch).

Whereas category returns for the same time duration are: 1.95% (1 yr), 33.92% (3 yr), and 19.69% (5yr). The Assets Under Management (AUM) is worth Rs 9,940.02 crore as on April 30, 2023. The expense ratio of the fund is 0.92% as on March 31, 2023. The minimum investment required is Rs 5000 and the minimum additional investment is Rs 1000. The minimum SIP investment is Rs 100.

2) Tata Digital India Fund Direct-Growth Fund

The current NAV of the Tata Digital India Fund - Direct Plan as of June 06, 2023, is Rs 36.64 for the growth option. Its trailing returns over different time periods are 4.26% (1yr), 35.74% (3yr), 20.8% (5yr), and 19.35% (since launch). Whereas, Category returns for the same time duration are: 1.95% (1yr), 33.92% (3yr), and 19.69% (5yr).

The AUM is worth Rs 6,764.6 crore as on April 30, 2023. The expense ratio of the fund is 0.29% for the Direct plan as on March 31, 2023. The minimum investment required is Rs 5000 and the minimum additional investment is Rs 1000. The minimum SIP investment is Rs 150.

3) Aditya Birla Sun Life Digital India Fund Direct-Growth Fund
The current NAV of the Aditya Birla Sun Life Digital India Fund - Direct Plan as of June 06, 2023, is Rs 134.14 for the growth option. Its trailing returns over different time periods are 7.35% (1yr), 35.8% (3yr), 21.24% (5yr), and 21.35% (since launch).
Whereas, Category returns for the same time duration are: 1.95% (1yr), 33.92% (3yr), and 19.69% (5yr). The AUM is worth Rs 3,250.18 crore as on April 30, 2023. The expense ratio of the fund is 0.88% for the Direct plan as on Mar 31, 2023. The minimum investment required is Rs 1000 and the minimum additional investment is Rs 1000. The minimum SIP investment is Rs 100.

4) SBI Technology Opportunities Fund Direct-Growth Fund
The current NAV of the SBI Technology Opportunities Fund - Direct Plan as of June 06, 2023, is Rs 159.25 for the growth option. Its trailing returns over different time periods are 9.33% (1yr), 32.56% (3yr), 20.9% (5yr), and 20.59% (since launch). Whereas, Category returns for the same time duration are: 1.95% (1yr), 33.92% (3yr), and 19.69% (5yr). The AUM is worth Rs 2,812.33 crore as on April 30, 2023. The expense ratio of the fund is 0.91% for the Direct plan as on April 30, 2023. The minimum investment required is Rs 5,000 and the minimum additional investment is Rs 1,000. The minimum SIP investment is Rs 500.

5) Franklin India Technology Fund Direct-Growth Fund
The current NAV of the Franklin India Technology Fund - Direct Plan as of June 06, 2023, is Rs 338.32 for the growth option. Its trailing returns over different time periods are 8.79% (1yr), 25.32% (3yr), 16.96% (5yr), and 17.77% (since launch). Whereas, Category returns for the same time duration are: 1.95% (1yr), 33.92% (3yr), and 19.69% (5yr). The AUM is worth Rs 714.77 crore as on April 30, 2023. The expense ratio of the fund is 1.02% as on April 30, 2023. The minimum investment required is Rs 5000 and the minimum additional investment is Rs 1,000. The minimum SIP investment is Rs 500.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Agencies

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Top 5 MFs with exposure to IT stocks that gave over 15% returns in 5 years

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Equity mutual funds with exposure to IT stocks have seen returns of 15-20% in the last five years. Five technology funds are recommended: ICICI Prudential Technology, Tata Digital India, Aditya Birla Sun Life Digital India, SBI Technology Opportunities, and Franklin India Technology.

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Digital India: Know Some of the Major Applications Launched by the Indian Government for Growth and Digitisation of the Nation

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Digital India: Know Some of the Major Applications Launched by the Indian Government for Growth and Digitisation of the Nation

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Digital India: Know Some of the Major Applications Launched by the Indian Government for Growth and Digitisation of the Nation | 📲 LatestLY

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Take a look at some of the important applications released by the Indian government in the past few years in its vision for ‘Digital India’. 📲 Digital India: Know Some of the Major Applications Launched by the Indian Government for Growth and Digitisation of the Nation.