Certainly! Here’s a rewritten version of the article in the third person:
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Dinshaw Irani, CEO of Helios Mutual Fund, recently highlighted India’s potential as a sourcing base for defense amidst rising global defense expenditures. He noted that, with increased spending in the EU due to geopolitical changes, a friendly nation like India could emerge as a key supplier.
Addressing concerns over new-age companies, Irani acknowledged the challenges faced by firms like Zomato and Paytm but expressed confidence in the companies held within their portfolio. He pointed out that despite competition, particularly in quick commerce, companies are making strategic adjustments by reducing expenses. Irani referenced Meituan in China as an example of a dominant player in a competitive market, suggesting similar potential for companies in India.
In discussing fintech, Irani recognized existing challenges but emphasized his trust in strong management and the sector’s future potential, drawing parallels with global trends. Apart from fintech, Helios Mutual Fund’s portfolio includes companies in the automotive and pharmaceutical sectors, which offer significant growth opportunities.
When discussing the automotive sector, Irani expressed a cautious view, particularly towards two-wheelers, due to the impact of electric vehicles. However, he mentioned that the market has stabilized, and Helios Mutual Fund holds Bajaj Auto, which has a strong export portfolio and diverse offerings, including entry-level two-wheelers and EVs.
Irani also shared insights from the earnings season, identifying defense as an intriguing sector. Despite high valuations, he finds it promising as India positions itself as a key player in global defense sourcing. He anticipates potential buying opportunities amid market corrections, highlighting the need for time to absorb recent rapid rallies without corresponding earnings growth.
