WealthDesk, an investment technology platform, today released the WealthDesk Year-end Bulletin that provides a snapshot of how India invested in 2022, and also discusses investing trends which will be popular in 2023. The bulletin provides an overview on what moved the global indexes in 2022, key sector performances and top-performing WealthBaskets favored by retail investors in 2022. The bulletin also provides a sneak peek into the investment ideas that WealthBasket Curators are betting on in 2023.
Providing an in-depth view into the Digital India theme, the bulletin underscores that the country has made significant progress in terms of digital friendliness since 2017. The Government aims to enhance the digital economy’s contribution to 20% of GDP by FY25. As the country inches closer to the $5 trillion mark for GDP by 2025 – 26, $1 trillion in GDP from the digital economy is a highly promising projection for the Government and businesses to aim towards. If this is achieved, the country may witness exponential growth opening several wealth-generating possibilities that an investor should look forward to pursuing.
As per the year-end bulletin ITC Ltd., ICICI Bank, Coal India, Sun Pharmaceutical Industries and State Bank of India were the most popular stocks amongst the WealthBasket Curators. ITC Ltd. had the highest WealthBasket count with the stock being included in 19 WealthBaskets. ICICI Bank followed suit with 12 WealthBasket counts. Coal India had a WealthBasket count of 11, while Sun Pharma and SBI were included in 10 WealthBaskets respectively. Additionally, Alpha Bluechip emerged as the most trending WealthBasket of 2022 with an absolute return of 13.21% and Gulaq Gear 6 was the best WealthBasket in terms of outperforming the index with 16.4% absolute returns.
Sharing his outlook for 2023, Ujjwal Jain, Founder & CEO, WealthDesk said, “Securities Market regulator SEBI has created a great incubation ground to enable innovation in capital markets keeping the investor interest at the epicenter. This builds a lot of confidence and empowers many first-time Investors in Equities to start their investment journey. I am confident that we will see more retail investor participation over the next couple of years.” He further added, “Owing to a strong macro economic environment India will continue to grow at a better pace than many emerging markets. There will be opportunities in specific sectors from time to time, however, investors can look to invest with WealthBasket curators who align their stock bets accordingly.”
Investment Ideas for 2023 shared by WealthBasket Curators:
- Sagar Lele, WealthBasket Curator & Founder, Rupeeting – Anything that is a government-associated play from a policy perspective will be good investment. It can be infrastructure, PSU banks, cement, or defense
- Rajesh Kothari, WealthBasket Curator & Founder, AlfAccurate Advisors – Banking & Finance, Capex, Consumerism, China+1 strategy
- Sumit Singh, WealthBasket Curator & MD, Xumit Capital – Banking, FMCG, Construction Materials and Capital Goods will perform well in 2023
Besides providing investment ideas for 2023, the WealthBulletin also deep-dives into opinions by WealthBasket Curators on important topics such as – Value Investing vs Value Factor, Importance of Quantitative Approach, and ESG Investing amongst others.