Groww's Varun Gupta Bullish on Capital Markets Despite STT Hike

• Varun Gupta, CEO of Groww AMC, sees U-shaped recovery in Indian markets with opportunities in hospitals, railways, defense, and capital markets.
• He remains bullish on capital market stocks, citing durable competitive advantages and established infrastructure benefiting from network effects.
• Gupta noted the surge in gold ETF inflows and Groww's silver ETF growth, emphasizing the financialization of physical assets.
• Despite Groww's digital brand, he supports the distributor model, believing wealth creation needs knowledge and understanding provided by advisors.
• Groww Mutual Fund launched India's first hospitals ETF NFO, offering exposure to the expanding hospital sector.