Spark Capital’s Devang Mehta bets on BFSI, consumption; sees metals, IT as tactical plays

Devang Mehta, Deputy Managing Director & CIO-Equity at Spark Capital Private Wealth, says banks and NBFCs are well placed to benefit from improving credit growth, a strengthening capex cycle and rising consumption. He expects BFSI to outperform as private banks recover and NBFCs remain in a sweet spot. Mehta also favours discretionary consumption, including jewellery and premium products, while viewing metals and IT as tactical bets rather than long-term compounders amid global volatility.