DSP MF's Sambre: Valuations Hinder Indian Equities in 2026, Spotlights NBFCs, IT

• Indian equities face valuation hurdles and thin margin of safety into 2026, per DSP MF's Vinit Sambre.
• Sambre favors NBFCs, power, and agrochemicals for opportunities, citing reduced funding costs and cheap valuations.
• He advises caution on the consumer sector due to competition and disruption, but sees long-term potential in mid/small-caps.
• DSP MF's Head of Equities holds a contrarian positive view on the IT sector, believing current valuations reflect global uncertainties.
• Auto ancillaries offer good prospects over 3-4 years, driven by EV transition and new opportunities like the Apple ecosystem.

Why It Matters: Valuations challenge Indian equities for 2026; DSP MF's Sambre sees opportunities in NBFCs, IT, auto ancillaries.