<div id="readability-page-1"><div>MUMBAI/DELHI, Sept 25 (Reuters) - India's Motilal Oswal Asset Management is betting big on sunrise sectors to deliver strong returns that will outpace broader markets over a medium-term horizon, the company's chief said. The asset manager is seeking earnings growth of more than 20% over the next three to four years in sectors such as renewables, electronics, new technology and luxury consumption, Prateek Agrawal, its CEO and managing director, told the Reuters Trading India forum. &#34;Many businesses in (these) spaces would deliver,&#34; he said, adding that around 25% of the firm's total portfolio has holdings in these sectors. Benchmark index earnings are expected to rise about 12% annually, Agrawal said. That compares to a lacklustre 5.5% for the Nifty 50 index last year on weaker demand and narrower margins. &#34;Much more favourable than staples or traditional sectors are spaces like renewables, electronics, GLP-1 drugs in pharma, and even luxury,&#34; he said. Agrawal sees a &#34;spring&#34; of pent-up potential in the broader market that could be released as interest rates ease, GST reforms take effect, and supply-chain diversification drives high-value manufacturing in India. Although Agrawal anticipates a &#34;softer&#34; September quarter, due to heavy rains and shifting festive demand, he sees stronger market momentum thereafter. His fund, which manages assets worth over 1.5 trillion rupees ($17.4 billion), is positioned &#34;100% anti-consensus,&#34; with an over 95% tracking error against benchmarks, and little exposure to big banks, staples, commodities or large IT stocks. A high tracking error is common among actively managed funds and reflects a portfolio that is taking meaningful bets away from the benchmark. Companies with &#34;a glorious past&#34; are represented strongly in the benchmark index, he said. &#34;(They) do not meet our growth criteria. We think markets are about the future, not the past.&#34;($1 = 88.69 Indian rupees) (Join Trading India and GMF, chat rooms hosted on LSEG Messenger: https://lseg.group/3KFHrhe) (Reporting by Divya Chowdhury in Mumbai and Shubham Batra in New Delhi; Editing by Anil D'Silva)</div></div>

兆新股份

Motilal Oswal 資產管理公司對如可再生能源、電子產品和奢侈消費等新興行業持樂觀態度，預計在未來三到四年內這些領域的盈利增長將超過 20%。首席執行官 Prateek Agrawal 指出，他們的投資組合中有 25% 投資於這些行業，預計將優於整體市場。儘管九月份的季度表現面臨挑戰，他仍然預期隨着利率的放鬆和改革的落實，市場將出現更強勁的動能。該基金的配置具有較高的跟蹤誤差，專注於未來的增長而非過去的表現

FUNDVIEW-兆新股份行業將在中期推動印度市場，Motilal Oswal 資產管理公司表示