It is a good combination of growth because growth is reasonable This is one and only sector where the valuation is lower than the last 5-year average
So, this is the best combination in terms of growth versus valuation Then there are some other themes which are getting played at the moment
For example, the real estate sector, where the cycle has really picked up There are smaller themes like,telecom which we have already witnessed in terms of the tariff increases
And we think that there could be more tariff increases over the next couple of years Infrastructure-based theme, in my opinion, is an evergreen theme Right now,
which I think is a very important matrix and can lead to big success or failures in future
the valuations are a bit on the higher side So, from a shorter term perspective, it may not be good, but if you look at, as I was mentioning the medium term 3-5 years, we think that is another theme which one can look at