Other stocks that are part of this India long-only portfolio include Tata Steel, Jubilant FoodWorks, ICICI Prudential Life Insurance, ICICI Lombard General Insurance,
, Godrej Properties, Century Textiles, TVS Motor and Container Corporation of India. About 40% of the weightage has been given to financials, 20% for energy and 17% for real estate. Wood said it is not a perfect time to start an Indian portfolio since the Sensex is near an all-time high, though for that matter, so are many other stock markets.
Wood said he remains convinced that India is at the start of a new housing cycle after a seven-year downturn.
The portfolio will be domestic demand-focused but also have an exposure to energy stocks to hedge the risk of higher oil price on Indian financials and other interest rate-sensitive sectors.
