S Krishna Kumar, CIO-Equity at Sundaram Mutual Fund, in an interview to CNBC-TV18 said that post Brexit, the tactical shift in the portfolios of many asset managers has moved towards rural India, adding that the government has also refocused on the rural economy and its growth by allocating more towards the rural sector. "The rural India has seen recovery due to good monsoons, and we have observed that the income level has also shown an uptrend in rural areas," he added. He maintained in order for farmers to achieve productivity, they have reinvested in better quality tractors, tillers, seeds, fertilizers and sprays. Two of Kumar's favourite portfolio investments are: Insecticides India and Ujjivan Finance. Sandeep Aggarwal, the CFO at Insecticides India , who was also a part of the conversation said, "The whole agro sector will grow in double-digits, and we target a growth of 15-20 percent in FY17." Samit Ghosh of Ujjivan Financial maintained that he expects the company to grow at 65 percent in next 2-3 years. Kumar is bullish on micro finance space, and sees a growth potential of 25-30 percent CAGR for the next 3-5 years.
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