Manishi Raychaudhuri 'Marginally Overweight' India, Backs Private Banks, Industrials

• Manishi Raychaudhuri, Emmer Capital Partners CEO, is now "marginally overweight" on India in his Asia ex-Japan model portfolio.
• India's allocation increased to 19.5% against an 18% benchmark, but caution remains due to lagging currency stability and earnings estimates.
• He favors private-sector banks, consumer discretionary (autos, hospitals, diagnostics), and large conglomerates like Reliance Industries in India.
• IT services are excluded from his portfolio, labeled an "AI loser" that risks disruption without business model reinvention.
• The fund is also overweight on Hong Kong/China and South Korea, with a mild underweight on Taiwan.

Why It Matters: Expert's India investment strategy impacts your portfolio choices.