After years of sluggish growth, three years on, India feels resurgent. In 2015 its economy grew by 7.2 percent, faster than any other major nation. The travails of other emerging markets make this performance especially eye-catching: Russia and Brazil both shrank by more than 3 percent last year. Even China, for long the world's growth leader, slipped behind India, growing at 6.9 percent. And in 2016 India is likely to hold its position at the top of the table.

With low inflation and an accommodative interest rate regime, Indian economy is already one of the fastest growing large economies globally. A reforms focused government is striving to make a India a better place to do business day by day. With impetus from a good monsoon that just got over & the seventh pay commission payouts that have started, the discretionary consumption demand is likely to lead this resurgence.

Birla Sun Life Resurgent India Fund – Series 2, is a 3.5 years closed ended equity scheme. The fund seeks to invest in a focused portfolio of around 35-45 stocks, spread across 5-8 sectors. While largely the portfolio would invest across all the market cap spectrum, it would be relatively more aggressively positioned with 30-60% allocation to Mid & Small caps.

The fund is largely bottom up stock picking driven and seeks to invest in companies who have demonstrated an ability to achieve market-beating results along with changing business cycles. The focus sectors of the fund are those that are most likely to be benefitted by the resurgence of growth in the economy. Some of the key sectors that are at the confluence of positive operating metrics and a conducive business environment through the Growth drivers and could generate benefit from this economic resurgence to generate strong returns for investors are:

·         Consumer Durables & Consumer Discretionary

·         Banking & Financial Services

·         Infrastructure, Capital Goods & Cement

·         Auto & Auto Ancillaries